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英国论文网_英国航空公司年报及账目管理_British Airways Plc-Annual Report and Ac

British Airways Plc Annual Report and Accounts for the year ended March 31, 2006
Registered in England and Wales No. 1777777
Registered Office: Waterside, PO Box 365, Harmondsworth UB7 0GB
Certain statements included in this Report and Accounts may be forward-looking and may involve risks and uncertainties that could cause actual
英国论文网results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements include, without
limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations,
including, without limitation, discussions of the Company’s business and financing plans, expected future revenues and expenditures and
divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The
Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future
events or otherwise. It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company’s forwardlookingstatements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operatingin the global economy.
British Airways Plc has disclosed on its website significant ways in which its corporate governance practices differ from those
mandated for US companies under NYSE listing standards.
British Airways 05/06 Annual Report 1
Key Results 2
Chairman’s Statement 3
Directors’ Report and Business Review 4
Board members 4
Corporate governance 5
Company information 9
Aircraft fleet 11
Organisational structure 19
Development and performance of the business 21
Critical accounting policies 24
Key performance indicators 26
Outlook 27
Principal risks and uncertainties 28
Resources and relationships 31
Receipts and returns to shareholders 37
Operating and financial statistics 43
Remuneration Report 45
Statement of Directors’ Responsibilities 55
Report of the auditors to the members
of British Airways Plc 55
Group consolidated income statement 56
Balance sheets 57
Cash flow statements 58
Statements of changes in equity 59
Notes to the Accounts 60
Shareholder information 110
Glossary 111
2 British Airways 05/06 Annual Report
2005-06 2004-05
Group results
Revenue £m up 9.6% 8,515 7,772
Operating profit £m up 26.8% 705 556
Profit before tax £m up 20.9% 620 513
Attributable profit for the year £m up 19.6% 451 377
Net assets £m up 48.5% 2,074 1,397

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