Highlands and Islands Airport's Annual Report (3MB pdf - Scottish ...

28 COMPANY STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2011
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2011
Equity share Retained Total
capital earnings equity
£000 £000 £000
At 1 April 2009 50 8,904 8,954
Profit / (loss) in year attributable to equity holders – 599 599
Other comprehensive income – (9,045) (9,045)
At 1 April 2010 50 458 508
Profit / (loss) in year attributable to equity holders – (2,325) (2,325)
Other comprehensive income – 3,706 3,706
At 31 March 2011 50 1,840 1,890
Equity share Retained Total
capital earnings equity
£000 £000 £000
At 1 April 2009 50 9,582 9,632
Profit / (loss) in year attributable to equity holders – 699 699
Other comprehensive income – (8,211) (8,211)
At 1 April 2010 50 2,070 2,120
Profit / (loss) in year attributable to equity holders – (2,339) (2,339)
Other comprehensive income – 3,207 3,207
At 31 March 2011 50 2,938 2,988
Notes 1 to 28 form part of these financial statements
2011 2010
Notes £000 £000
(Loss) / profit for the year (2,339) 699
Other comprehensive income:
Actuarial gains and (losses) 20 3,207 (8,211)
Tax on items relating to components of other comprehensive income – –
Other comprehensive income for the period, net of tax 3,207 (8,211)
Total comprehensive income for the period 868 (7,512)
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2011
GROUP BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2011
2011 2010 2009
Notes £000 £000 £000
ASSETS
Non-current assets
Property, plant and equipment 9 79,423 82,536 83,847
Investment properties 10 1,235 1,244 1,141
Investments accounted for using the equity method 11 584 676 654
Intangible assets 12 1,891 2,194 2,497
Defined benefit pension scheme surplus 20 – – 2,459
Long term loan to joint venture 13 1,038 964 896
84,171 87,614 91,494
Current assets
Trade and other receivables 14 3,588 6,382 3,556
Inventories 15 56 42 39
Cash and cash equivalents 16 14,045 12,257 12,292
17,689 18,681 15,887
Total assets
101,860 106,295 107,381
LIABILITIES
Current liabilities
Trade and other payables 17 (5,090) (7,194) (5,282)
Income taxes payable – – (364)
(5,090) (7,194) (5,646)
Non-current liabilities
Provisions for liabilities and charges 8 (291) (318) (460)
Defined benefit pension scheme deficit 20 (2,740) (5,803) –
Deferred subsidies 18 (91,849) (92,472) (92,321)
(94,880) (98,593) (92,781)
Total liabilities (99,970) (105,787) (98,427)
NET ASSETS 1,890 508 8,954
EQUITY
Ordinary shares 21 50 50 50
Retained earnings 1,840 458 8,904
1,890 508 8,954
Notes 1 to 28 form part of these financial statements
Grenville Johnston CA
Chairman
29 July 2011
Inglis Lyon
Managing Director
29 July 2011
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