BA Annual Report 2013
British Airways Plc
Annual Report and Accounts
Year ended 31 December 2013
Company registration number : 1777777
Contents
Officers and professional advisers
1
Strategic and directors’ reports
Strategic report
Management review
Financial review
Principal risks and uncertainties
Directors’ report
2
5
8
10
Directors’ responsibilities statement in relation to the financial statements
12
Independent auditors’ report
13
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
14
15
16
17
18
19
68
69
70
71
72
British Airways Plc
Officers and professional advisers
Directors
Keith Williams
Alison Reed
Nick Swift
Andrew Crawley
Frank van der Post
Ken Smart
Gavin Patterson
Garrett Copeland
Julia Simpson
(Executive Chairman)
(Deputy Chairman)
(Chief Financial Officer)
Secretary
Andrew Fleming
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
Strategic report
The Directors present their strategic report for the year ended 31 December 2013.
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. Operating one of the most extensive international scheduled airline networks, together with its joint business agreements, code share and franchise partners, BA flies to more than
400 destinations worldwide. BA’s vision is to be the most admired airline. We will do this by delivering outstanding service to engaged customers which,
Annual Report and Accounts
Year ended 31 December 2013
Company registration number : 1777777
Contents
Officers and professional advisers
1
Strategic and directors’ reports
Strategic report
Management review
Financial review
Principal risks and uncertainties
Directors’ report
2
5
8
10
Directors’ responsibilities statement in relation to the financial statements
12
Independent auditors’ report
13
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
14
15
16
17
18
19
68
69
70
71
72
British Airways Plc
Officers and professional advisers
Directors
Keith Williams
Alison Reed
Nick Swift
Andrew Crawley
Frank van der Post
Ken Smart
Gavin Patterson
Garrett Copeland
Julia Simpson
(Executive Chairman)
(Deputy Chairman)
(Chief Financial Officer)
Secretary
Andrew Fleming
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
Strategic report
The Directors present their strategic report for the year ended 31 December 2013.
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. Operating one of the most extensive international scheduled airline networks, together with its joint business agreements, code share and franchise partners, BA flies to more than
400 destinations worldwide. BA’s vision is to be the most admired airline. We will do this by delivering outstanding service to engaged customers which,