Please note: Numbers that are underlined reference individual notes that accompany the information shown in the table below. These can be found in the Notes on Financial Statements PDF (120kb) (this document can also be accessed by clicking the underlined numbers themselves).

	Notes	2006 £m	2005 £m
NON-CURRENT ASSETS Intangible assets: Goodwill	9	314.1	429.8
Licences & other	9	20.9	24.5
Property, plant and equipment	10	316.4	746.4
Interests in associates	11	8.8	18.4
Trade and other receivables	13	28.8	14.2
		689.0	1,233.3
CURRENT ASSETS Inventories	12	131.3	234.2
Trade and other receivables	13	171.8	294.2
Cash and cash equivalents	13	156.5	174.9
Tax recoverable		0.1	2.8
		459.7	706.1
Total assets	1	1,148.7	1,939.4
CURRENT LIABILITIES Trade and other payables	14	(185.5)	(278.3)
Tax liabilities		(43.0)	(53.9)
Obligations under finance leases	15	1.0	(4.3)
Bank overdrafts and loans	17	(27.6)	(44.0)
Provisions	19	(3.4)	(7.0)
		(260.5)	(387.5)
Net current assets		199.2	318.6
NON-CURRENT LIABILITIES Bank loans	17	(470.7)	(585.2)
Other payables due after one year		(7.9)	(43.1)
Retirement benefit obligations	20	(21.1)	(64.6)
Obligations under finance leases	15	(27.5)	(38.1)
Deferred tax liabilities	21	(15.7)	(59.5)
Provisions	19	(22.8)	(25.3)
		(567.7)	(815.8)
Total liabilities	1	(862.2)	(1,203.3)
Net assets		322.5	736.1
EQUITY Share capital	22	122.5	121.6
Share premium account	22	345.1	340.2
Other reserves	22	3.9	3.9
Treasury shares	22	(1.4)	(0.6)
Capital reserve	22	15.5	15.8
Hedging and translation reserves	22	(27.7)	(1.5)
Retained earnings	22	(136.2)	256.4
Equity attributable to shareholders of BBA Aviation plc		321.7	735.8
Minority interest		0.8	0.3
Total equity	24	322.5	736.1

These financial statements were approved by the Board of Directors on 26 February 2007 and signed on its behalf by Michael Harper Executive Chairman Andrew Wood Group Finance Director.