BRITISH AIRWAYS PLC Complete Business Evaluation Statutory Information Previous Name(s): None Registered Number: 01777777 Incorporation Date: 13/12/1983 Registered Office: WATERSIDE PO BOX 365 HARMONDSWORTH WEST DRAYTON UB7 0GB Latest Filed Accounts: 31/03/2005 Date Accounts Lodged: 24/08/2005 Analysed Accounts: 31/03/2006 Accounts Ref. Date: 31/03 Latest Annual Return: 31/07/2005 Issued Capital: GBP 282,720,601 Company Status: Quoted Public limited with share capital English/Welsh companies incorporated under part 1 of the Companies Act Type of Accounts: Group Directory Information Trading Address: PO Box 365 Harmondsworth West Drayton Middlesex UB7 0GB Telephone Number: 01950 460345 Fax Number: - Region: HOME COUNTIES AND OUTER LONDON Bankers: NATIONWIDE Auditors: Ernst & Young LLP Audit Opinion or Qualification: The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2006. Principal Activities: A group engaged in the operation of international & domestic scheduled & charter air services for carriage of passengers,freight and mail and the provision of ancilliary services. UK SIC Code(s): 62101 Scheduled passenger air transport Risk Information Risk Score 31/03/2006 90 Credit Limit (GBP): 200,000,000 31/03/2005 87 Contract Limit (GBP): 500,000,000 31/03/2004 63 31/03/2003 87 Important Headlines The period to 31/03/2006 saw a significant increase in Sales from £7,772,000,000 to £8,515,000,000. Pre-Tax Profits increased from £513,000,000 to £620,000,000. The resultant Profit Margin of 7.28% (previous = 6.60%) compares favourably with the industry average of 1.64%. The company is performing better than at least 75% of the companies in this sector. Shareholders Funds increased from £1,185,000,000 to £1,861,000,000, whilst Total Assets increased from £11,671,000,000 to £12,174,000,000. The resultant Gearing Ratio of 0.15 (Previous = 0.10) compares unfavourably with the industry average of 0.21. This company operates in a sector which has historically generated a higher level of insolvency relative to the total population. CCJ information has been linked to this company - please see the list. County Court Judgments Summary: Number of exact unsatisfied CCJs: 1 Totalling: GBP2466.00 Number of probable unsatisfied CCJs: None Number of possible unsatisfied CCJs: None Cumulative Total of Exact CCJs over: 3 Months 6 Months 12 Months   GBP GBP GBP Exact match 0.00 0.00 0.00 Probable match - - - Possible match - - - Latest Ten Judgments: On 17/05/2004, a judgment of £ 2466.00 was made in NORTHAMPTON CCBC court (Case No. 4QZ10195) against BRITISH AIRWAYS PLC <, HARMONDSWORTH, WEST DRAYTON, MIDDLESEX, UB7 0GB, Ref. No. 1805496893 (exact match). Ownership GROUP STRUCTURE Holding Company: None Ultimate Holding Company: None ALL IMMEDIATE SHAREHOLDINGS ON ICC DATABASE BY TURNOVER Name Share Class % Held Sales ('000) A/c Date Status BRITISH AIRWAYS (EUROPEAN OPERATIONS AT GATWICK) LIMITED ORDINARY 100.00 358,099 31/03/2002 Non Trading BRITISH AIRWAYS ENGINE OVERHAUL LIMITED ORDINARY 100.00 193,422 31/03/1991 Dissolved AIR MILES TRAVEL PROMOTIONS LIMITED ORDINARY A 100.00 127,472 31/03/2005 Trading BRITISH AIRWAYS HOLIDAYS LIMITED ORDINARY 100.00 73,360 31/03/2005 Trading CALEDONIAN LEISURE LIMITED ORDINARY 100.00 47,023 31/10/1983 Dissolved BRITISH AIRWAYS (NO. 2) LIMITED ORDINARY 100.00 43,011 31/03/1990 Dissolved OPODO LIMITED ORDINARY 22.86 41,345 31/12/2004 Trading ALTA HOILDAYS LIMITED NOT AVAILABLE 1 100.00 37,594 31/03/1990 Dissolved BRITISH AIRWAYS MAINTENANCE CARDIFF LIMITED ORDINARY 100.00 28,769 31/03/2005 Trading BRITISH AIRWAYS AVIONIC ENGINEERING LIMITED ORDINARY 100.00 27,951 31/03/2005 Trading DUNWOODY AIRLINE SERVICES (HOLDINGS) LIMITED ORDINARY A 100.00 23,408 31/03/2005 Trading HEATHROW HYDRANT COMPANY LIMITED ORDINARY 10.00 20,149 31/12/2003 Non Trading BRITISH AIRWAYS LEASING LIMITED ORDINARY 100.00 17,570 31/03/2005 Trading CITYFLYER EXPRESS LIMITED ORDINARY 100.00 15,191 31/03/2005 Trading TELEFLIGHT LIMITED ORDINARY 100.00 14,803 31/03/2005 Trading SPEEDWING INTERNATIONAL LIMITED ORDINARY 100.00 13,688 31/03/2002 Non Trading BRITISH AIRWAYS TRAVEL SHOPS LIMITED ORDINARY 100.00 13,443 31/03/2005 Trading BOAC LIMITED ORDINARY 100.00 11,822 31/03/1995 Non Trading BRITISH AIRWAYS INTERIOR ENGINEERING LIMITED ORDINARY 100.00 10,937 31/03/2005 Trading BRITISH AIRWAYS 777 LEASING LIMITED ORDINARY 100.00 10,139 31/03/2005 Trading BRITISH AIRWAYS REGIONAL LIMITED ORDINARY 100.00 8,332 31/03/2005 Trading EMPLOYMENT CONDITIONS ABROAD LIMITED ORDINARY 2.50 6,360 31/05/2005 Trading INTER-CAPITAL AND REGIONAL RAIL LIMITED ORDINARY 10.09 4,162 31/12/2004 Trading CHAMELEON TRAINING & CONSULTING LIMITED ORDINARY 100.00 3,963 31/03/2003 Non Trading AIR RUSSIA LIMITED ORDINARY 100.00 2,291 31/03/1987 Non Trading AVIATION DEFENCE LIMITED ORDINARY 100.00 2,194 31/03/1993 Dissolved HEATHROW HYDRANT OPERATING COMPANY LIMITED ORDINARY 10.00 2,010 31/12/2004 Trading SPEEDWING TRAINING LIMITED ORDINARY 100.00 1,757 31/03/1995 Dissolved AIRWAYS AERO ASSOCIATIONS LIMITED ORDINARY 100.00 1,561 31/03/2005 Trading DAN-AIR AVIATION LIMITED ORDINARY 100.00 1,559 31/12/1989 Dissolved BRITISH AIRWAYS MEDICAL SERVICES FOR TRAVELLERS ABROAD LIMITED ORDINARY A 100.00 1,457 31/03/2000 Dissolved DAN-AIR SERVICES LIMITED ORDINARY 100.00 1,314 31/12/1990 Dissolved BRITISH AIRWAYS VISITORS' SERVICES LIMITED ORDINARY 100.00 1,149 31/03/2004 Non Trading BRITISH AIRWAYS ENGINEERING SERVICES LIMITED ORDINARY 100.00 707 31/03/1998 Dissolved AVIATION SUPPORT SERVICES LIMITED ORDINARY 33.33 554 31/03/1993 Dissolved BRITISH AIRWAYS FINANCIAL SERVICES LIMITED ORDINARY 100.00 517 31/03/2003 Non Trading SPEEDWING AIRSYSTEMS LIMITED ORDINARY 100.00 365 31/03/1994 Dissolved BRITISH AIRWAYS GLOBAL FINANCIAL SERVICES LIMITED ORDINARY 100.00 319 31/03/2003 Non Trading WEB TRAVEL SYSTEMS LIMITED ORDINARY 100.00 288 31/03/2004 Non Trading THE AIRLINE GROUP LIMITED ORDINARY 16.68 156 31/07/2005 Trading BRITISH AIRWAYS (NO 1) LIMITED ORDINARY 100.00 105 31/03/1995 Dissolved DAVIES & NEWMAN TRAVEL LIMITED ORDINARY 100.00 58 31/03/1993 Dissolved BRITISH AIRWAYS PENSION ADMINISTRATION LIMITED ORDINARY 100.00 21 31/03/1996 Dissolved BRITAIR HOLDINGS LIMITED ORDINARY 100.00 1 31/03/2005 Trading BRITISH EUROPEAN AIRWAYS LIMITED ORDINARY 100.00 0 31/03/1991 Non Trading BRITISH AIRWAYS (ESPANA) LIMITED ORDINARY 100.00 0 31/03/1996 Non Trading BRITISH AIRWAYS ASSOCIATED COMPANIES LIMITED ORDINARY 100.00 0 31/03/2005 Trading BA MILES LIMITED ORDINARY 0.67 0 31/03/1991 Non Trading BRITISH CALEDONIAN PENSIONS TRUSTEES LIMITED ORDINARY 100.00 0 31/03/2003 Dissolved REMOTEREPORT TRADING LIMITED ORDINARY 100.00 0 31/03/2003 Non Trading BRITISH ASIA AIRWAYS LIMITED ORDINARY 100.00 0 31/03/2001 Dissolved GLOBAL AVIATION FUNDING LIMITED ORDINARY 100.00 0 31/03/1998 Dissolved BA AND AA HOLDINGS LIMITED ORDINARY 90.00 0 31/03/2005 Trading BRITISH AIRWAYS MILEAGE COMPANY LIMITED ORDINARY 100.00 0 31/03/2003 Non Trading CALEDONIAN AVIATION SERVICES LIMITED ORDINARY 100.00 - None Dissolved CAMBRIAN AIRWAYS LIMITED ORDINARY 100.00 - None Dissolved BRITISH AIR SERVICES LIMITED ORDINARY 0.00 - None Dissolved MIDDLE EAST VISITORS' SERVICES LIMITED ORDINARY 100.00 - None Dissolved SOVEREIGN HOLIDAYS LIMITED ORDINARY 100.00 - None Dissolved BRITAIN AIRWAYS LIMITED ORDINARY 1.00 - None Non Trading CALEDONIAN AVIATION INVESTMENTS LIMITED ORDINARY 2.00 - None Non Trading THE PLIMSOLL LINE LIMITED ORDINARY 100.00 - 31/03/2005 Trading BRITISH AIRWAYS HELICOPTERS LIMITED ORDINARY 100.00 - None Dissolved THE NEWCASTLE BUSINESS PARK MANAGEMENT COMPANY LIMITED ORDINARY 24.14 - 30/06/2005 Trading OVERSEAS AIR TRAVEL LIMITED ORDINARY 0.05 - 31/03/2002 Non Trading BRITISH AIRWAYS QUEST LIMITED ORDINARY 100.00 - 31/03/2005 Trading BRITISH AIRWAYS PENSION TRUSTEE (NO. 2) LIMITED ORDINARY 100.00 - None Non Trading SCOTTISH AIRWAYS LIMITED ORDINARY 0.00 - None Dissolved AVIATION INSURANCE CONSULTANTS LIMITED ORDINARY 0.10 - None Non Trading Shareholders SHARE CAPITAL STRUCTURE Class of Shares Par Value (pence) Issued Capital Nominal Capital SEDOL Ordinary shares 25 283000000 377000000 129057 Total Issued Capital £282720601.00 SHAREHOLDERS Name Share Class Number of Shares Share % Holder Type Beneficial Owner 1 Barclays PLC 1 Ordinary shares 9.98 Company Nominee Name Summary of Mortgages, Charges and Satisfactions Total number of mortgages and charges: 461 Total number of outstanding charges: 461 Total number of fully satisfied charges: 0 Date of most recent mortgage: 29/09/2005   Details of Latest Five Mortgages, Charges and Satisfactions   Charge Number: 1 of 461 Date Charge Registered: 29/09/2005 Charge Type: ASSIGNMENT OF INSURANCES - RBSSAF (8) LIMITED Latest Form Type: 395 Date Charge Created: 18/10/2005 Lender: RBSSAF (8) LIMITED Secured on: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE Details: ASSIGN ALL ITS RIGHT TITLE AND INTEREST IN RESPECT OF PROCEEDS ARISING UNDER ALL INSURANCES AND ANY REQUISITION COMPENSATION RELATING TO THE AIRCRAFT SERIAL NUMBER 30312 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS   Charge Number: 2 of 461 Date Charge Registered: 29/09/2005 Charge Type: ASSIGNMENT OF INSURANCES - RBSSAF (8) LIMITED Latest Form Type: 395 Date Charge Created: 18/10/2005 Lender: RBSSAF (8) LIMITED Secured on: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE Details: ASSIGN ALL ITS RIGHT TITLE AND INTEREST IN RESPECT OF PROCEEDS ARISING UNDER ALL INSURANCES AND ANY REQUISITION COMPENSATION RELATING TO THE AIRCRAFT SERIAL NUMBER 30302 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS   Charge Number: 3 of 461 Date Charge Registered: 29/09/2005 Charge Type: ASSIGNMENT OF INSURANCES - RBSSAF (8) LIMITED Latest Form Type: 395 Date Charge Created: 18/10/2005 Lender: RBSSAF (8) LIMITED Secured on: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE Details: ASSIGN ALL ITS RIGHT TITLE AND INTEREST IN RESPECT OF PROCEEDS ARISING UNDER ALL INSURANCES AND ANY REQUISITION COMPENSATION RELATING TO THE AIRCRAFT SERIAL NUMBER 29967 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS   Charge Number: 4 of 461 Date Charge Registered: 23/02/2005 Charge Type: ASSIGNATION OF INSURANCES - MABLE COMMERCIAL FUNDING LIMITED Latest Form Type: 395 Date Charge Created: 02/03/2005 Lender: MABLE COMMERCIAL FUNDING LIMITED Secured on: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE Details: IT ASSIGNS ALL ITS RIGHT, TITLE AND INTEREST IN PROCEEDS ARISING UNDER ALL INSURANCES AND REQUISITION COMPENSATION. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS   Charge Number: 5 of 461 Date Charge Registered: 23/02/2005 Charge Type: ASSIGNATION OF INSURANCES - MABLE COMMERCIAL FUNDING LIMITED Latest Form Type: 395 Date Charge Created: 02/03/2005 Lender: MABLE COMMERCIAL FUNDING LIMITED Secured on: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE Details: IT ASSIGNS ALL ITS RIGHT, TITLE AND INTEREST IN PROCEEDS ARISING UNDER ALL INSURANCES AND REQUISITION COMPENSATION. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS   Profit and Loss Account Date of Accounts 31/03/2006 31/03/2005 31/03/2004 31/03/2003 31/03/2002 Consolidated Y Y Y Y Y Subsidiary N N N N N No. of Weeks 52 52 52 52 52 Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000) Audit Qual./Comment No No No No No   Turnover [1] 8,515,000 7,772,000 7,560,000 7,688,000 8,340,000 Cost of Sales - - 7,008,000 7,263,000 8,291,000 Gross Profit - - 552,000 425,000 49,000 Operating Profit [2] 705,000 556,000 398,000 341,000 -12,000 Non-Trading Income 512,000 555,000 111,000 104,000 186,000 Interest Payable 597,000 598,000 279,000 310,000 374,000 Pre-Tax Profit 620,000 513,000 230,000 135,000 -200,000 Taxation 153,000 121,000 85,000 50,000 -71,000 Profit After Tax 467,000 392,000 145,000 85,000 -129,000 Dividends Payable - - - - - Retained Profit 451,000 377,000 130,000 72,000 -142,000   Value Added 3,113,032 2,950,872 2,682,152 2,692,088 2,583,744 Balance Sheet Date of Accounts 31/03/2006 31/03/2005 31/03/2004 31/03/2003 31/03/2002 Consolidated Y Y Y Y Y Subsidiary N N N N N No. of Weeks 52 52 52 52 52 Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)   Tangible Fixed Assets [3] 8,272,000 8,660,000 9,168,000 10,011,000 10,963,000 Intangible Assets - - - - - Total Fixed Assets 8,505,000 8,914,000 9,336,000 10,175,000 11,103,000   Stocks 83,000 84,000 76,000 87,000 109,000 Trade Debtors 685,000 685,000 676,000 597,000 772,000 Cash 907,000 549,000 64,000 222,000 64,000 Miscellaneous Current Assets [4] 1,994,000 1,439,000 1,949,000 1,819,000 1,614,000 Total Current Assets 3,669,000 2,757,000 2,765,000 2,725,000 2,559,000   Creditors: Amounts falling due within one year [5] 3,432,000 3,269,000 2,996,000 2,904,000 3,201,000   Total Assets less Current Liabilities 8,742,000 8,402,000 9,105,000 9,996,000 10,461,000   Total Liabilities 10,313,000 10,486,000 9,914,000 10,842,000 11,646,000   Share Capital & Reserves [7] 1,272,000 1,032,000 1,028,000 1,059,000 1,059,000 P & L Account Reserve 589,000 153,000 897,000 729,000 687,000 Revaluation Reserve 0 0 262,000 270,000 270,000 Shareholders Funds 1,861,000 1,185,000 2,187,000 2,058,000 2,016,000 Capital Employed 8,742,000 8,402,000 9,105,000 9,996,000 10,461,000   Net Worth 1,628,000 931,000 2,019,000 1,894,000 1,876,000 Working Capital 237,000 -512,000 -231,000 -179,000 -642,000   Contingent Liabilities 204,000 259,000 383,000 300,000 281,000 Cash Flow Date of Accounts 31/03/2006 31/03/2005 31/03/2004 31/03/2003 31/03/2002 Consolidated Y Y Y Y Y Subsidiary N N N N N No. of Weeks 52 52 52 52 52 Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)   Net Cash Flow from Operating Activities 1,607,000 1,247,000 1,093,000 1,185,000 866,000 Net Cash Flow from Return on Investment and Servicing of Finance -125,000 -150,000 -184,000 -226,000 -426,000 Net Cash Flow before Financing 815,000 694,000 676,000 942,000 213,000 Net Cash Flow from Financing -458,000 -1,151,000 -834,000 -784,000 -217,000 Increase in cash 357,000 -457,000 -158,000 158,000 -4,000 Accounts Notes Date of Accounts 31/03/2006 31/03/2005 31/03/2004 31/03/2003 31/03/2002 Consolidated Y Y Y Y Y Subsidiary N N N N N No. of Weeks 52 52 52 52 52 Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)   [1] Exports - - - - -   [2] Operating Profit is after charging the following   Employees Remuneration 1,558,000 1,518,000 1,463,000 1,472,000 1,661,000 Directors Remuneration 5,042 2,479 1,828 1,685 1,529 Audit Fees 1,829 1,675 1,498 1,561 1,543 Non-Audit Fees 1,345 1,362 660 932 1,801 Depreciation 688,000 719,000 669,000 726,000 762,000   Average Number of Employees (actual) 49,957 50,326 51,939 57,014 61,460   [3] Tangible Assets consist of   Fixed Assets 7,882,000 8,329,000 8,637,000 9,487,000 10,474,000 Intermediate Assets 390,000 331,000 531,000 524,000 489,000 which includes: -Due from Group, Non-Current 0 0 0 0 0   [4] Miscellaneous Current Assets includes:   -Due from Group, Current 0 0 42,000 38,000 43,000   [5] Creditors: Amounts falling due within one year consists of:   Trade Creditors 752,000 897,000 840,000 982,000 1,091,000 a Bank Overdraft 0 0 0 0 0 Miscellaneous Current Liabilities includes: 2,680,000 2,372,000 2,156,000 1,922,000 2,110,000 b -Bank Loans - Current Portion 86,000 63,000 102,000 57,000 55,000 c Other Short-Term Finance, including: 410,000 496,000 612,000 513,000 649,000 -Due to Group, Current 0 0 32,000 27,000 25,000 -Due to Directors, Current 0 0 0 0 0 -Other Current Liabilities - - - - -   Short-Term Loans (a+b+c) 496,000 559,000 714,000 570,000 704,000   [6] Total Long-Term Liabilities consists of:   Long-Term Loans, which consists of: 3,621,000 4,053,000 5,160,000 6,281,000 6,861,000 -Long-Term Bank Loans 721,000 794,000 802,000 934,000 1,122,000 -Other Long-Term Finance including: 2,900,000 3,259,000 4,358,000 5,347,000 5,739,000 -Due to Group, Non-Current 0 0 0 0 0 -Due to Directors, Non-Current 0 0 0 0 0 Other Long-Term Liabilities 3,260,000 3,164,000 1,758,000 1,657,000 1,584,000   [7] Share Capital and Reserves consists of:   Called-up Share Capital 283,000 271,000 271,000 271,000 271,000 Sundry Reserves 989,000 761,000 757,000 788,000 788,000 Interims   Date of Interims 30/09/2002 30/09/2001 30/09/2000 30/09/1999 30/09/1998 Consolidated Y Y Y Y Y Subsidiary No. of Weeks 26 26 26 26 26 Currency ((# '000) '000) ((# '000) '000) ((# '000) '000) ((# '000) '000) ((# '000) '000)   Turnover 4,156,000 4,548,000 4,862,000 4,635,000 Net Interest 128,000 182,000 169,000 191,000 Pre-Tax Profit 310,000 45,000 150,000 240,000 Taxation 112,000 -7,000 60,000 17,000 Profit After Tax 198,000 52,000 90,000 223,000 Dividends Payable 0 0 55,000 57,000 Retained Profits 192,000 45,000 28,000 161,000   Balance Sheet Tangible Fixed Assets 9,940,000 10,802,000 10,288,000 10,015,000 Intangible Assets - - - - Intermediate Assets 500,000 451,000 483,000 398,000 Total Fixed Assets 10,590,000 11,387,000 10,832,000 10,413,000   Stocks 95,000 202,000 133,000 85,000 Trade Debtors 1,171,000 1,205,000 1,463,000 1,581,000 Cash 1,538,000 1,060,000 1,295,000 1,573,000 Miscellaneous Current Assets 0 0 0 0 Total Current Assets 2,804,000 2,467,000 2,891,000 3,239,000   Creditors: Amounts falling due within one year 2,947,000 3,080,000 3,341,000 3,264,000 Creditors After One Year Provision 8,064,000 8,418,000 7,856,000 6,638,000 Called-Up Share Capital 271,000 271,000 271,000 270,000 P & L Account Reserve - - - - Revaluation Reserve - - - - Other (Sundry) Reserves - - - - Shareholders Funds 2,186,000 2,162,000 2,334,000 3,557,000 Minority Interests 197,000 194,000 192,000 193,000   Cash Flow Net Cash Flow from Operations 756,000 611,000 884,000 681,000 Net Cash Flow before Financing 404,000 -64,000 300,000 -45,000 Ratios   Date of Accounts 31/03/2006 31/03/2005 31/03/2004 31/03/2003 31/03/2002   Acid Ratio 1.04 0.82 0.90 0.91 0.77 Profit/Capital Employed 7.09 6.11 2.53 1.35 -1.91 Current Liquidity 1.07 0.84 0.92 0.94 0.80 Profit/Sales (%) 7.28 6.60 3.04 1.76 -2.40 Interest Burden 49.06 53.83 54.81 69.66 214.94 Stock Turnover (days) 3.56 3.94 3.67 4.13 4.77 Days Sales Outstanding (DSO) 29.36 32.17 32.64 28.34 33.79 Cash Cycle (days) 32.92 36.11 36.31 32.47 38.56 Days Purchases Outstanding (DPO) - - 43.75 49.35 48.03 Creditor Days 32.23 42.13 40.56 46.62 47.75 Profit/Total Assets (%) 5.09 4.40 1.90 1.05 -1.46 Profit/ Shareholders Funds (%) 33.32 43.29 10.52 6.56 -9.92 Sales/Total Assets (%) 69.94 66.59 62.47 59.60 61.05 Sales/Fixed Assets 1.08 0.93 0.88 0.81 0.80 Working Capital/Sales (%) 2.78 -6.59 -3.06 -2.33 -7.70 Total Debt/Net worth (%) 252.89 495.38 290.94 361.72 403.25 Shareholders Funds/Total Assets 0.15 0.10 0.18 0.16 0.15 Long-term Debt/Net Worth (%) 222.42 435.34 255.57 331.63 365.72 Interest/Pre-interest Profit 49.06 53.83 54.81 69.66 214.94 Total Debt/Working Capital (%) 17.37 -9.01 -25.43 -38.27 -11.78 Average Employee Remuneration (£) 31,187 30,163 28,168 25,818 27,026 Wages/Sales (%) 18.30 19.53 19.35 19.15 19.92 Profit per Employee (£) 12,411 10,194 4,428 2,368 -3,254 Sales per Employee (£) 170,447 154,433 145,555 134,844 135,698 Capital Employed per Employee (£) 174,990 166,951 175,302 175,325 170,208 Total Fixed Assets per Employee (£) 170,246 177,125 179,749 178,465 180,654 Total Assets per Employee (£) 243,690 231,908 232,985 226,260 222,291 Creditors/Debtors 1.10 1.31 1.24 1.64 1.41 Debtors/Total Assets (%) 5.63 5.87 5.59 4.63 5.65 Current Liabilities/Stocks 41.35 38.92 39.42 33.38 29.37 Exports/Sales (%) - - - - - Sales/Audit Fees 4,655.55 4,640.00 5,046.73 4,925.05 5,405.06 Total Assets/ Audit Fees 6,656.10 6,967.76 8,078.10 8,263.93 8,854.18 Growth Rates 1 year 2 year 3 year 4 year   Turnover 9.6 12.6 10.8 2.1 Pre-tax Profit 20.9 169.6 359.3 - Audit Fees 9.2 22.1 17.2 18.5 Directors Remuneration 103.4 175.8 199.2 229.8 Number of Employees -0.7 -3.8 -12.4 -18.7 Employees Remuneration 2.6 6.5 5.8 -6.2 Fixed Assets -5.4 -8.7 -16.9 -24.7 Tangible Assets -4.5 -9.8 -17.4 -24.5 Total Fixed Assets -4.6 -8.9 -16.4 -23.4 Stocks -1.2 9.2 -4.6 -23.9 Trade Debtors 0.0 1.3 14.7 -11.3 Total Current Assets 33.1 32.7 34.6 43.4 Total Assets 4.3 0.6 -5.6 -10.9 Trade Creditors -16.2 -10.5 -23.4 -31.1 Short-Term Loans -11.3 -30.5 -13.0 -29.5 Total Current Liabilities 5.0 14.6 18.2 7.2 Net Cash 65.2 1,317.2 308.6 1,317.2 Shareholders Funds 57.0 -14.9 -9.6 -7.7 Net Worth 74.9 -19.4 -14.0 -13.2 Long-Term Loans -10.7 -29.8 -42.3 -47.2 Long-Term Liabilities -4.7 -0.5 -13.3 -18.5 Capital Employed 4.0 -4.0 -12.5 -16.4 Company / Industry comparison This comparison is based on the results of 62 companies in the same industrial sector: 62101 Scheduled passenger air transport Company Industry Averages 31/03/2006 Lower Median Upper Performance   Profit/Sales (%) 7.28 0.05 1.64 4.15 Profit/Capital Employed (%) 7.09 0.98 3.92 11.23 Profit/Total Assets (%) 5.09 0.07 1.86 4.35 Profit/Shareholders Funds (%) 33.32 6.87 11.15 27.36   Turnover   Sales/Total Assets (%) 69.94 62.47 99.15 192.45 Sales/Fixed Assets (%) 1.08 1.28 3.75 15.71 Working Capital/Sales (%) 2.78 1.01 -3.06 -14.62 Stock Turnover (days) 3.56 7.00 5.00 3.00 Credit Period (days) 29.36 32.88 22.61 12.03 Creditor Days 32.23 40.56 24.19 16.16   Liquidity   Current Ratio 1.07 0.62 0.89 1.03 Liquidity Ratio 1.04 0.55 0.84 0.98   Gearing   Total Debt/Net Worth (%) 252.89 309.26 153.63 54.22 Shareholders Funds/Total Assets 0.15 0.10 0.21 0.33 Long Term Debt/Net Worth (%) 222.42 269.79 114.88 5.43 Interest/Pre-interest Profit 49.06 54.81 20.86 5.31 Total Debt/Working Capital 17.37 - - -   Employee   Average Employee Remuneration (£) 31,187 23,644 25,826 33,532 Wages/Sales (%) 18.30 19.59 14.35 11.64 Profit per Employee (£) 12,411 203 3,427 10,044 Sales per Employee (£) 170,447 145,555 184,577 262,738 Capital Employed per Employee (£) 174,990 22,117 55,835 175,302 Total Fixed Assets per Employee (£) 170,246 28,184 74,077 177,562 Total Assets per Employee (£) 243,690 87,091 143,650 319,299   Other   Creditors/Debtors 1.10 0.53 1.29 2.32 Debtors/Total Assets (%) 5.63 2.63 5.72 10.61 Current Liabilities/Stocks 41.35 13.90 22.67 55.31 Exports/Sales (%) - - - - Sales/Audit Fees 4,655.55 1,091.81 3,928.22 6,696.80 Total Assets/Audit Fees 6,656.10 694.30 3,212.64 8,078.10 Filing History 26/07/2006 Returns of allotments of a public company 06/02/2006 Memorandum of satisfaction 07/01/2006 Change among the directors of a company 18/10/2005 Particulars of a mortgage or charge 28/07/2005 Alteration in memorandum or articles of association 02/03/2005 Particulars of a mortgage or charge 01/03/2005 Particulars of a mortgage or charge 10/01/2005 Particulars of a mortgage or charge 23/12/2004 Particulars of a mortgage or charge 15/12/2004 Particulars of a mortgage or charge Company Officers Company Secretaries ALAN KERR BUCHANAN Appointment Date: 01/04/2000 Date of Birth: 16/06/1958 Address: WATERSIDE, HARMONDSWORTH, WEST DRAYTON, UB7 0GB Present Appointments: 109 Resignations since June 1996: 20 Directors MARTIN FAULKNER BROUGHTON Appointment Date: 12/05/2000 Date of Birth: 15/04/1947 Occupation/Function: CHARTERED ACCOUNTANT Address: BRITISH AIRWAYS PLC, P O BOX 365, HARMONDSWORTH, WEST DRAYTON, MIDDLESEX, UB7 0GB Present Appointments: 2 Resignations since June 1996: 16 MARTIN PETER READ Appointment Date: 12/05/2000 Date of Birth: 16/02/1950 Occupation/Function: CHIEF EXECUTIVE Address: LOGICACMG PLC, STEPHENSON HOUSE, 75 HAMPSTEAD ROAD, LONDON, NW1 2PL Present Appointments: 4 Resignations since June 1996: 11 DENISE PATRICIA BYRNE KINGSMILL Appointment Date: 05/11/2004 Date of Birth: 24/04/1947 Occupation/Function: LAWYER Address: WATERSIDE, HARMONDSWORTH, WEST DRAYTON, UB7 0GB Present Appointments: 4 Resignations since June 1996: 5 ALISON CLARE REED Appointment Date: 01/12/2003 Date of Birth: 22/12/1956 Occupation/Function: CHIEF FINANCIAL OFFICER Address: WATERSIDE, PO BOX 365, HARMONDSWORTH, MIDDLESEX, UB7 0GB Present Appointments: 4 Resignations since June 1996: 33 ELIZABETH CONWAY SYMONS Appointment Date: 19/07/2005 Date of Birth: 14/04/1951 Occupation/Function: PRIVY COUNCIL MEMBER OF THE HO Address: WATERSIDE, HARMONDSWORTH, WEST DRAYTON, UB7 0GB Present Appointments: 2 Resignations since June 1996: 3 KENNETH PETER ROSS SMART Appointment Date: 19/07/2005 Date of Birth: 28/04/1946 Occupation/Function: AVIATION SAFETY SPECIALIST Address: WATERSIDE, HARMONDSWORTH, WEST DRAYTON, MIDDLESEX, UB7 0GB Present Appointments: 3 Resignations since June 1996: 0 KEITH WILLIAMS Appointment Date: 01/01/2006 Date of Birth: 13/05/1956 Occupation/Function: ACCOUNTANT Address: WATERSIDEWN PARK, HARMONDSWORTH, WEST DRAYTON, UB7 0GB Present Appointments: 58 Resignations since June 1996: 2 MARTIN PETER GEORGE Appointment Date: 19/07/2005 Date of Birth: 19/05/1962 Occupation/Function: DIRECTOR OF MARKETING Address: WATERSIDE, HARMONDSWORTH, WEST DRAYTON, UB7 0GB Present Appointments: 4 Resignations since June 1996: 10 MAARTEN ALBERT VAN DEN BERGH Appointment Date: 16/07/2002 Date of Birth: 19/04/1942 Occupation/Function: BANK CHAIRMAN Address: THE SHELL CENTRE, LONDON, SE1 7NA Present Appointments: 3 Resignations since June 1996: 17 WILLIAM MATTHEW WALSH Appointment Date: 03/05/2005 Date of Birth: 25/10/1961 Occupation/Function: COMPANY DIRECTOR Address: WATERSIDE, HARMONDSWORTH, WEST DRAYTON, UB7 0GB Present Appointments: 1 Resignations since June 1996: 0 CHUMPOL NA LAMLIENG Appointment Date: 01/11/2005 Date of Birth: 25/04/1947 Occupation/Function: COMPANY DIRECTOR Address: WATERSIDE, HARMONDSWORTH, UB7 0GB Present Appointments: 1 Resignations since June 1996: 0 Report Generated: Date and Time Stamp

Other Report Examples

BA Company Snapshot Report | British Airways Financial Assessment | BA Business Evaluation | British Airways Overview Report | BA Express Report | | BA CCJ Report | British Airways Director & Shareholder Report | BACompany Director Report | British Airways Shareholder Report | British Airways Disability Policy |