Air France Klm 2010-2011
together
O P E N & C O M M I T T E D
Registration Document 2010-11
Selected financial information
2
1 2 3 4
Corporate governance
1.1 1.2 1.3 The Board of Directors The Group Executive Committee Stock market and shareholders
5
6 28 29
5
Financial report
5.1 5.2 5.3 5.4 5.5 Investments and financing Property, plant and equipment Comments on the financial statements Key financial indicators Consolidated financial statements Statutory Auditors’ report on the consolidated financial statements Statutory financial statements Notes
123
124 126 129 133 138
Activity
2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Highlights of the 2010-11 financial year Market and environment Strategy Passenger business Cargo business Maintenance business Other businesses Highlights of the beginning of the 2011-12 financial year Fleet
31
32 33 36 39 47 51 56 58 59
5.6 5.7 5.8 5.9
Notes to the consolidated financial statements 145 224 226 228 239 240 241
5.10 Five-year financial summary 5.11 Statutory Auditors’ report on the financial statements 5.12 Statutory Auditors’ report on regulated agreements and commitments
Risks and risk management
3.1 3.2 3.3 3.4 Risk management process Risk factors and their management Market risks and their management Report of the Chairman of the Board of Directors on corporate governance, internal control and risk management for the 2010-11 financial year Statutory Auditors’ report on the report prepared by the Chairman of the Board of Directors
67
68 69 75
6
Other information
6.1 6.2 6.3 6.4 6.5 History General information Information relating to the share capital Information on trading in the stock Information on the agreements concluded in connection with the business combination between Air France and KLM Information relating to the agreements concluded with Alitalia-Compagnia Aerea Italiana (Alitalia-CAI) Legislative and regulatory environment for the air transport industry Information and control
245
246 248 249
O P E N & C O M M I T T E D
Registration Document 2010-11
Selected financial information
2
1 2 3 4
Corporate governance
1.1 1.2 1.3 The Board of Directors The Group Executive Committee Stock market and shareholders
5
6 28 29
5
Financial report
5.1 5.2 5.3 5.4 5.5 Investments and financing Property, plant and equipment Comments on the financial statements Key financial indicators Consolidated financial statements Statutory Auditors’ report on the consolidated financial statements Statutory financial statements Notes
123
124 126 129 133 138
Activity
2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Highlights of the 2010-11 financial year Market and environment Strategy Passenger business Cargo business Maintenance business Other businesses Highlights of the beginning of the 2011-12 financial year Fleet
31
32 33 36 39 47 51 56 58 59
5.6 5.7 5.8 5.9
Notes to the consolidated financial statements 145 224 226 228 239 240 241
5.10 Five-year financial summary 5.11 Statutory Auditors’ report on the financial statements 5.12 Statutory Auditors’ report on regulated agreements and commitments
Risks and risk management
3.1 3.2 3.3 3.4 Risk management process Risk factors and their management Market risks and their management Report of the Chairman of the Board of Directors on corporate governance, internal control and risk management for the 2010-11 financial year Statutory Auditors’ report on the report prepared by the Chairman of the Board of Directors
67
68 69 75
6
Other information
6.1 6.2 6.3 6.4 6.5 History General information Information relating to the share capital Information on trading in the stock Information on the agreements concluded in connection with the business combination between Air France and KLM Information relating to the agreements concluded with Alitalia-Compagnia Aerea Italiana (Alitalia-CAI) Legislative and regulatory environment for the air transport industry Information and control
245
246 248 249