Socioeconomic Status in Brazil
British Airways Plc Annual Report and Accounts
Year ended 31 December 2012
Company registration number: 1777777
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Contents
Officers and professional advisers 1
Business review and Directors’ report Business review Management review Financial review Internal controls and risk management Directors’ report
2 5 8 12
Directors’ responsibilities statement in relation to the financial statements
14
Independent auditors’ report
15
Group financial statements Group consolidated income statement Group statement of other comprehensive income Balance sheets Cash flow statements Statements of changes in equity Notes to the accounts Operating and financial statistics Fleet table Principal investments Glossary Subsidiary undertakings
16 17 18 19 20 21 79 80 81 82 83
British Airways Plc Officers and professional advisers
Directors Sir Martin Broughton Alison Reed Keith Williams Nick Swift Andrew Crawley Frank van der Post Enrique Dupuy de Lôme Ken Smart Gavin Patterson Garrett Copeland Julia Simpson Secretary Kulbinder Dosanjh
(Chairman) (Deputy Chairman) (Chief Executive Officer) (Chief Financial Officer)
Registered office Waterside PO Box 365 Harmondsworth UB7 0GB
Parent company International Consolidated Airlines Group S.A. Calle Velázquez 130 Madrid, 28006 Spain
Independent auditors Ernst & Young LLP 1 More London Place London SE1 2AF
1
British Airways Plc Business review and Directors’ report
The Directors present their annual report and the audited financial statements for the year ended 31 December 2012.
Business review
British Airways (‘BA’ or ‘the Group’) is the UK’s largest international scheduled airline and one of the world’s leading global premium airlines. The Group’s principal place of business is London with significant presence at Heathrow, Gatwick and London City airports. BA also operates a worldwide air cargo business, largely in conjunction with its
Year ended 31 December 2012
Company registration number: 1777777
This page has been intentionally left blank
Contents
Officers and professional advisers 1
Business review and Directors’ report Business review Management review Financial review Internal controls and risk management Directors’ report
2 5 8 12
Directors’ responsibilities statement in relation to the financial statements
14
Independent auditors’ report
15
Group financial statements Group consolidated income statement Group statement of other comprehensive income Balance sheets Cash flow statements Statements of changes in equity Notes to the accounts Operating and financial statistics Fleet table Principal investments Glossary Subsidiary undertakings
16 17 18 19 20 21 79 80 81 82 83
British Airways Plc Officers and professional advisers
Directors Sir Martin Broughton Alison Reed Keith Williams Nick Swift Andrew Crawley Frank van der Post Enrique Dupuy de Lôme Ken Smart Gavin Patterson Garrett Copeland Julia Simpson Secretary Kulbinder Dosanjh
(Chairman) (Deputy Chairman) (Chief Executive Officer) (Chief Financial Officer)
Registered office Waterside PO Box 365 Harmondsworth UB7 0GB
Parent company International Consolidated Airlines Group S.A. Calle Velázquez 130 Madrid, 28006 Spain
Independent auditors Ernst & Young LLP 1 More London Place London SE1 2AF
1
British Airways Plc Business review and Directors’ report
The Directors present their annual report and the audited financial statements for the year ended 31 December 2012.
Business review
British Airways (‘BA’ or ‘the Group’) is the UK’s largest international scheduled airline and one of the world’s leading global premium airlines. The Group’s principal place of business is London with significant presence at Heathrow, Gatwick and London City airports. BA also operates a worldwide air cargo business, largely in conjunction with its