DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report 20435_Cover 17/9/07 10:42 Page 1 The Go-Ahead Group plc The Go-Ahead Group The Go-Ahead Group plc Annual Report for the year ended 30 June 2007 Annual Report for the year ended 30 June 2007 Creating value through quality The Go-Ahead Group plc 3rd Floor 41 – 51 Grey Street Newcastle Upon Tyne NE1 6EE Telephone 0191 232 3123 Facsimile 0191 221 0315 www.go-ahead.com 20435_Cover 17/9/07 10:42 Page 2 Page heading headingcontinued What we do and who we are Vision and strategy Go-Ahead is one of the UK’s leading The group seeks to add value for providers of passenger transport shareholders through a transparent services operating in the bus, rail and focused strategy based in the and aviation sectors. Employing UK. In addition to adding value approximately 25,000 staff across the through organic development, the country, over 875 million passenger group actively seeks earnings journeys are undertaken on its services enhancing acquisitions in the three each year. In addition to the travelling sectors in which it operates. Strong public, customers include Transport cash flow provides the basis for a for London (TfL), BAA, major airlines, progressive dividend and share local authorities and the Department buy back policy to provide growing for Transport (DfT). returns to shareholders. Contents 1 Highlights, five year record and financial summary 2 Chairman’s statement 3 Five year history 4 Go-Ahead at a glance 6 Operating and financial review 16 Directors 17 Corporate governance 21 Directors’ remuneration report 27 Directors’ report Consolidated financial statements 31 Independent auditors’ report to the members of the Go-Ahead Group plc 32 Consolidated income statement 33 Consolidated balance sheet 34 Consolidated cash flow statement 35 Consolidated statement of recognised income and expense 36 Notes to the consolidated financial statements Parent company financial statements 63 Independent auditors’ report to the members of The Go-Ahead Group plc 64 Parent company balance sheet 65 Directors’ responsibilities in relation to the parent company financial statements 66 Notes to the parent company financial statements 74 Shareholder information and financial calendar 75 Advisers 76 Helping the environment The photograph on the front cover is owned by Keolis (UK) Limited and is subject to copyright protection. All rights reserved. Used by permission. Designed and produced by Linnett Webb Jenkins 20435_P1_P16 20/9/07 14:29 Page 1 Highlights Five year record Bus division continues Revenue (£m) to grow organically and 2007 1,826.9 by acquisition 2006 1,463.6 Excellent performance in rail companies 2005 1,302.1 Award of West Midlands 2004 1,244.0 rail franchise – to be known 2003 1,102.0 as London Midland – commencing on Adjusted earnings per share (pence) 11 November 2007 2007 140.7 Gatwick Express to be incorporated into Southern 2006 118.4 Railway from May 2008 2005 116.3 Challenging year for 2004 110.3 aviation services division 2003 78.9 Profit before amortisation, exceptional items and tax (£m) 2007 110.1 2006 91.9 2005 95.5 2004 91.3 2003 65.5 Dividend per share (pence) 2007 70 2006 56 2005 48 2004 38 2003 25 Figures for 2005 to 2007 are based upon International Accounting Standards, prior years are based upon UK GAAP, as previously reported. Financial summary % 2007 2006 Increase Revenue (£m) 1,826.9 1,463.6 24.8 Operating profit before amortisation and exceptional items (£m) 118.1 97.8 20.8 Profit before amortisation, exceptional items and tax (£m) 110.1 91.9 19.8 Profit before tax (£m) 94.8 83.6 13.4 Adjusted earnings per share 140.7p 118.4p 18.8 Dividend paid and proposed per share 70.0p* 56.0p* 25.0 * Includes interim dividend paid and final proposed dividend 1 The Go-Ahead Group plc Annual Report for the year ended 30 June 2007 20435_P1_P16 20/9/07 14:29 Page 2 Chairman’s statement This has been a record year for Revenue increased to £1,826.9m will commence on 11 November 2007. the group and the new financial (2006 – £1,463.6m) and operating profit* Our goal in the rail division is to provide year has started in line with the rose to £118.1m (2006 – £97.8m). the highest quality of service combined Profit before tax* increased by 19.8%, with financial discipline. This has board’s expectations. from £91.9m to £110.1m. Adjusted consistently led to strong passenger earnings per share increased to 140.7p growth, well controlled costs, and higher (2006 – 118.4p). operating profits. The board proposes a final dividend The aviation services division has had of 47.0p per share payable on a difficult year. Security disruption at 23 November 2007 to shareholders on all UK airports, particularly Heathrow the register at the close of business on and Gatwick, led to unrecoverable cost 2 November 2007. Together with the increases. This coincided with bad interim dividend of 23.0p, the total weather and the loss of some contracts, dividend of 70.0p represents an increase which led to a significant fall in profit. of 25.0% year on year and results in a Overall, our strategy centres on a high dividend cover* of 2.0 times. Returns to quality of customer service, which shareholders were further supplemented enabled the division to win some valuable during the year by the share buy back contracts towards the end of the year. programme, with 2.4 million shares The new contract with British Airways purchased, at a cost of £55.6m. for the provision of ground handling services at Aberdeen, Edinburgh, The bus division performed strongly, Glasgow and Manchester airports both in the regulated operations in should help the division to recovery. London and in deregulated services elsewhere. In London, we negotiated a The board started the year with number of contract extensions, increased Keith Ludeman, former chief executive services to match the western extension of our rail division, taking over as group of the congestion charging zone, and chief executive. The group is fortunate Sir Patrick Brown won some significant route contracts to have a sucessor to Christopher Moyes Chairman from our competitors. We expanded our of such ability and wide experience 6 September 2007 operations into East London with the of the bus and rail industries. At the end acquisition of Docklands Minibuses of the financial year, Ian Butcher, our in September 2006 and Blue Triangle group finance director, retired after at the end of June 2007. We continue 11 years with the group, and was to provide first class performance, often succeeded by Nicholas Swift, who featuring at the top of the TfL quality joined us on 17 July 2007. I thank Ian tables and earning bonuses under for his outstanding contribution to the the Quality Incentive Regime. group, and all of our employees for Our deregulated bus operations also making the past year such a success. enjoyed a good year, with lower costs The year has also been a sad one and buoyant revenue leading to higher for the group. Martin Ballinger and operating profits across most of our Christopher Moyes, both former businesses. By buying Marchwood Buses chief executives, passed away. From in October 2006, we extended the the beginnings of the buy-out of Go South Coast operations into the the Northern General Transport Southampton area. Our decentralised Company from the National Bus philosophy across these deregulated Company, they built the group into operations, supporting local brands the dynamic company of today. We miss for local communities, allows us to tailor them, and their wisdom and humanity. our services to meet the specific needs “Si monumentum requiris, circumspice.” of our customers. The new financial year has started The group’s rail division did particularly inline with the board’s expectations. well in the year. It benefited from a Our aim is to continue with our strategy full year’s contribution from the which combines organic and acquisitive Southeastern franchise, which started growth with financial discipline and operations on 1 April 2006 and has since improving returns to shareholders, performed strongly. During the year, our including renewal of the authority for Southern business secured its existing the share buy back programme at the franchise to September 2009 and won forthcoming annual general meeting. the contract to operate the Gatwick We are well positioned to make further Express from May 2008 as part of the progress in the new year. DfT Brighton Main Line Route Utilisation Strategy. In June 2007, we won a third franchise, this time to run the new West Midlands rail network. It will be branded London Midland and operations * Before amortisation and exceptional items 2 The Go-Ahead Group plc Annual Report for the year ended 30 June 2007 20435_P1_P16 20/9/07 14:29 Page 3 FivePage heading year heading financialcontinued history IFRS UK GAAP 2007 2006 2005 2004 2003 £m £m £m £m £m Revenue 1,826.9 1,463.6 1,302.1 1,244.0 1,102.0 Operating profit* 118.1 97.8 97.0 95.7 70.2 Operating margin 6.5% 6.7% 7.4% 7.7% 6.4% Goodwill and intangible amortisation (8.4) (5.1) (4.0) (69.4) (23.1) Exceptional items (6.9) (3.2) 2.4 (2.2) (6.9) Share of post tax results of joint venture – – 0.3 – – Net finance costs (8.0) (5.9) (1.8) (4.4) (4.7) Profit before taxation 94.8 83.6 93.9 19.7 35.5 Tax expense (23.6) (19.4) (25.7) (26.7) (16.1) Minority interests (12.6) (10.5) (10.3) (9.3) (6.4) Dividends – – – (19.3) (12.7) Reported profit/(loss) 58.6 53.7 57.9 (35.6) 0.3 Earnings/(loss) per share – basic 124.2p 108.1p 113.8p (32.1)p 25.5p – adjusted 140.7p 118.4p 116.3p 110.3p 78.9p Dividends paid and proposed 70.0p 56.0p 48.0p 38.0p 25.0p Cash flow generated from operations
Load more

Recommended publications
  • Employment and Working Conditions in the Air Transport Sector Over the Period 1997/2010
    Study on the effects of the implementation of the EU aviation common market on employment and working conditions in the Air Transport Sector over the period 1997/2010 Final Report Report July 2012 Prepared for: Prepared by: European Commission Steer Davies Gleave DG MOVE 28-32 Upper Ground Unit E1 London SE1 9PD DM 24-5/106 B-1049 Brussels Belgium +44 (0)20 7910 5000 www.steerdaviesgleave.com Final Report CONTENTS EXECUTIVE SUMMARY ...................................................................................... I Background ............................................................................................ i Scope of this study ................................................................................... i Conclusions ........................................................................................... ii Recommendations .................................................................................. xi 1 INTRODUCTION ..................................................................................... 1 Background ............................................................................................ 1 Key findings of the 2010 Working Document .................................................... 1 The need for this study ............................................................................. 1 Structure of this report ............................................................................. 2 2 RESEARCH METHODOLOGY ....................................................................... 3 Objectives
    [Show full text]
  • Operators Route Contracts
    Company Name Routes On Contract Contract Start Date Contract End Date Extended Expiry Date Blue Triangle Buses Limited 300 06-Mar-10 07-Dec-18 03-Mar-17 Blue Triangle Buses Limited 193 01-Oct-11 28-Sep-18 28-Sep-18 Blue Triangle Buses Limited 364 01-Nov-14 01-Nov-19 29-Oct-21 Blue Triangle Buses Limited 147 07-May-16 07-May-21 05-May-23 Blue Triangle Buses Limited 376 17-Sep-16 17-Sep-21 15-Sep-23 Blue Triangle Buses Limited 346 01-Oct-16 01-Oct-21 29-Sep-23 Blue Triangle Buses Limited EL3 18-Feb-17 18-Feb-22 16-Feb-24 Blue Triangle Buses Limited EL1/NEL1 18-Feb-17 18-Feb-22 16-Feb-24 Blue Triangle Buses Limited EL2 18-Feb-17 18-Feb-22 16-Feb-24 Blue Triangle Buses Limited 101 04-Mar-17 04-Mar-22 01-Mar-24 Blue Triangle Buses Limited 5 26-Aug-17 26-Aug-22 23-Aug-24 Blue Triangle Buses Limited 15/N15 26-Aug-17 26-Aug-22 23-Aug-24 Blue Triangle Buses Limited 115 26-Aug-17 26-Aug-22 23-Aug-24 Blue Triangle Buses Limited 674 17-Oct-15 16-Oct-20 See footnote Blue Triangle Buses Limited 649/650/651 02-Jan-16 01-Jan-21 See footnote Blue Triangle Buses Limited 687 30-Apr-16 30-Apr-21 See footnote Blue Triangle Buses Limited 608 03-Sep-16 03-Sep-21 See footnote Blue Triangle Buses Limited 646 03-Sep-16 03-Sep-21 See footnote Blue Triangle Buses Limited 648 03-Sep-16 03-Sep-21 See footnote Blue Triangle Buses Limited 652 03-Sep-16 03-Sep-21 See footnote Blue Triangle Buses Limited 656 03-Sep-16 03-Sep-21 See footnote Blue Triangle Buses Limited 679 03-Sep-16 03-Sep-21 See footnote Blue Triangle Buses Limited 686 03-Sep-16 03-Sep-21 See footnote
    [Show full text]
  • Transport with So Many Ways to Get to and Around London, Doing Business Here Has Never Been Easier
    Transport With so many ways to get to and around London, doing business here has never been easier First Capital Connect runs up to four trains an hour to Blackfriars/London Bridge. Fares from £8.90 single; journey time 35 mins. firstcapitalconnect.co.uk To London by coach There is an hourly coach service to Victoria Coach Station run by National Express Airport. Fares from £7.30 single; journey time 1 hour 20 mins. nationalexpress.com London Heathrow Airport T: +44 (0)844 335 1801 baa.com To London by Tube The Piccadilly line connects all five terminals with central London. Fares from £4 single (from £2.20 with an Oyster card); journey time about an hour. tfl.gov.uk/tube To London by rail The Heathrow Express runs four non- Greater London & airport locations stop trains an hour to and from London Paddington station. Fares from £16.50 single; journey time 15-20 mins. Transport for London (TfL) Travelcards are not valid This section details the various types Getting here on this service. of transport available in London, providing heathrowexpress.com information on how to get to the city On arrival from the airports, and how to get around Heathrow Connect runs between once in town. There are also listings for London City Airport Heathrow and Paddington via five stations transport companies, whether travelling T: +44 (0)20 7646 0088 in west London. Fares from £7.40 single. by road, rail, river, or even by bike or on londoncityairport.com Trains run every 30 mins; journey time foot. See the Transport & Sightseeing around 25 mins.
    [Show full text]
  • The Go-Ahead Group Plc Annual Report and Accounts 2019 1 Stable Cash Generative
    Annual Report and Accounts for the year ended 29 June 2019 Taking care of every journey Taking care of every journey Regional bus Regional bus market share (%) We run fully owned commercial bus businesses through our eight bus operations in the UK. Our 8,550 people and 3,055 buses provide Stagecoach: 26% excellent services for our customers in towns and cities on the south FirstGroup: 21% coast of England, in north east England, East Yorkshire and East Anglia Arriva: 14% as well as in vibrant cities like Brighton, Oxford and Manchester. Go-Ahead’s bus customers are the most satisfied in the UK; recently Go-Ahead: 11% achieving our highest customer satisfaction score of 92%. One of our National Express: 7% key strengths in this market is our devolved operating model through Others: 21% which our experienced management teams deliver customer focused strategies in their local areas. We are proud of the role we play in improving the health and wellbeing of our communities through reducing carbon 2621+14+11+7+21L emissions with cleaner buses and taking cars off the road. London & International bus London bus market share (%) In London, we operate tendered bus contracts for Transport for London (TfL), running around 157 routes out of 16 depots. TfL specify the routes Go-Ahead: 23% and service frequency with the Mayor of London setting fares. Contracts Metroline: 18% are tendered for five years with a possible two year extension, based on Arriva: 18% performance against punctuality targets. In addition to earning revenue Stagecoach: 13% for the mileage we operate, we have the opportunity to earn Quality Incentive Contract bonuses if we meet these targets.
    [Show full text]
  • The Demand for Public Transport: a Practical Guide
    The demand for public transport: a practical guide R Balcombe, TRL Limited (Editor) R Mackett, Centre for Transport Studies, University College London N Paulley, TRL Limited J Preston, Transport Studies Unit, University of Oxford J Shires, Institute for Transport Studies, University of Leeds H Titheridge, Centre for Transport Studies, University College London M Wardman, Institute for Transport Studies, University of Leeds P White, Transport Studies Group, University of Westminster TRL Report TRL593 First Published 2004 ISSN 0968-4107 Copyright TRL Limited 2004. This report has been produced by the contributory authors and published by TRL Limited as part of a project funded by EPSRC (Grants No GR/R18550/01, GR/R18567/01 and GR/R18574/01) and also supported by a number of other institutions as listed on the acknowledgements page. The views expressed are those of the authors and not necessarily those of the supporting and funding organisations TRL is committed to optimising energy efficiency, reducing waste and promoting recycling and re-use. In support of these environmental goals, this report has been printed on recycled paper, comprising 100% post-consumer waste, manufactured using a TCF (totally chlorine free) process. ii ACKNOWLEDGEMENTS The assistance of the following organisations is gratefully acknowledged: Arriva International Association of Public Transport (UITP) Association of Train Operating Companies (ATOC) Local Government Association (LGA) Confederation of Passenger Transport (CPT) National Express Group plc Department for Transport (DfT) Nexus Engineering and Physical Sciences Research Network Rail Council (EPSRC) Rees Jeffery Road Fund FirstGroup plc Stagecoach Group plc Go-Ahead Group plc Strategic Rail Authority (SRA) Greater Manchester Public Transport Transport for London (TfL) Executive (GMPTE) Travel West Midlands The Working Group coordinating the project consisted of the authors and Jonathan Pugh and Matthew Chivers of ATOC and David Harley, David Walmsley and Mark James of CPT.
    [Show full text]
  • S/C/W/270 18 July 2006 ORGANIZATION (06-3471) Council for Trade in Services
    WORLD TRADE RESTRICTED S/C/W/270 18 July 2006 ORGANIZATION (06-3471) Council for Trade in Services SECOND REVIEW OF THE AIR TRANSPORT ANNEX DEVELOPMENTS IN THE AIR TRANSPORT SECTOR (PART ONE) Note by the Secretariat1 TABLE OF CONTENTS LIST OF TABLES, CHARTS, FIGURES AND APPENDIXES......................................................vi LIST OF ACRONYMS ........................................................................................................................ix INTRODUCTION..................................................................................................................................1 I. AIRCRAFT REPAIR AND MAINTENANCE (MRO).........................................................4 A. ECONOMIC DEVELOPMENTS .......................................................................................................4 B. REGULATORY DEVELOPMENTS.................................................................................................13 1. Developments concerning the regulation of Maintenance Repair and Overhaul .........13 (a) General evolution ..............................................................................................................13 (b) Maintenance Steering Group (MSG) rules........................................................................13 (c) WTO developments...........................................................................................................13 (d) European Communities .....................................................................................................14
    [Show full text]
  • The Value of New Transport in Deprived Areas Who Benefi Ts, How and Why? Karen Lucas, Sophie Tyler and Georgina Christodoulou
    The value of new transport in deprived areas Who benefi ts, how and why? Karen Lucas, Sophie Tyler and Georgina Christodoulou An assessment of the value of new transport services to people living in deprived neighbourhoods in England. Regeneration strategies for deprived areas are currently under review. To date there has been little if any direct evaluation of the contribution of transport services to local regeneration. This study evaluates the benefi ts – both monetary and quality of life – of transport services to the people who use them and to the local practitioners responsible for the wider regeneration of these neighbourhoods. It covers: • the policy context; • characteristics of the four case study areas (Braunstone, Leicester; Camborne, Pool, and Redruth, Cornwall; Wythenshawe, Manchester and Walsall, West Midlands); • key fi ndings from interviews with local professionals; • information on use of the services and their value to local people; • an evaluation of the social benefi ts of the services; • key messages for local and central government. This publication can be provided in other formats, such as large print, Braille and audio. Please contact: Communications, Joseph Rowntree Foundation, The Homestead, 40 Water End, York YO30 6WP. Tel: 01904 615905. Email: [email protected] The value of new transport in deprived areas Who benefi ts, how and why? Karen Lucas, Sophie Tyler and Georgina Christodoulou The Joseph Rowntree Foundation has supported this project as part of its programme of research and innovative development projects, which it hopes will be of value to policymakers, practitioners and service users. The facts presented and views expressed in this report are, however, those of the authors and not necessarily those of the Foundation.
    [Show full text]
  • Go East Anglia
    Go East Anglia - Chambers, Hedingham, Konect Bus (PF0002189) Konect Bus Limited 5-7 John Goshawk Road, Rashes Green Industrial Estate, Dereham, Norfolk, NR19 1SY Part of the Go-Ahead Group PLC. Depots: Clacton-on-Sea Stephenson Road, Gorse Lane Industrial Estate, Clacton-on-Sea, Essex, CO15 4XA Colchester Wethersfield Road, Sible Hedingham, Halstead, Colchester, Essex, CO9 3LB Dereham 7 John Goshawk Road, Rashes Green Industrial Estate, Dereham, Norfolk, NR19 1SY Sudbury Windham Road, Meekings Road, Chilton Industrial Estate, Sudbury, Suffolk, CO10 6XE Outstations: Brunel Road 14 Brunel Road, Gorse Lane Industrial Estate, Clacton-on-Sea, Essex, CO15 4LU Kelvedon 215-217 High Street, Kelvedon, Colchester, Essex, CO5 9JT Rackheath 36R Ramirez Road, Rackheath Industrial Estate, Norwich, Norfolk, NR13 6LR Chassis Type: Mercedes-Benz 1836RL Body Type: Mercedes-Benz Touro Fleet No: Reg No: Layout: Year: Depot: Livery: Notes: 1 BX55FYH C49FT 2006 Colchester Chambers 2 BX55FYJ C49FT 2006 Colchester Chambers Chassis Type: Alexander-Dennis Enviro 200MMC Body Type: Alexander-Dennis Enviro 200MMC Fleet No: Reg No: Layout: Year: Depot: Livery: Notes: 200 YX69NPE B42F 2019 Dereham park & ride Norwich 201 YX69NPF B42F 2019 Dereham park & ride Norwich 202 YX69NPG B42F 2019 Dereham park & ride Norwich Chassis Type: Dennis Dart SLF Body Type: Plaxton Pointer 2 Fleet No: Reg No: Layout: Year: Depot: Livery: Notes: 253 EU04BVF B37F 2004 Clacton-on-Sea Hedingham BLT, 2012 Previous Owners: BLT, 2012: Blue Triangle, 2012 254 - 260 Chassis Type: Alexander-Dennis Dart SLF Body Type: Plaxton Pointer 2 Fleet No: Reg No: Layout: Year: Depot: Livery: Notes: 254 EU05AUR B37F 2005 Clacton-on-Sea Hedingham 255 EU05AUT B37F 2005 Clacton-on-Sea Hedingham 256 EU55BWC B37F 2005 Clacton-on-Sea Hedingham 257 EU56FLM B37F 2006 Clacton-on-Sea Hedingham 258 EU56FLN B37F 2006 Clacton-on-Sea Hedingham 259 EU56FLP B37F 2006 Colchester Hedingham 260 EU56FLR B37F 2006 Clacton-on-Sea Hedingham Unofficial fleet list compiled by www.ukbuses.co.uk - last updated Friday, 20 August 2021.
    [Show full text]
  • Cambridge University Library Map Department Collection of Plans of Towns in England, Wales, Scotland, Isle of Man and Channel Islands Classmark = Maps.TPE
    Cambridge University Library Map Department collection of plans of towns in England, Wales, Scotland, Isle of Man and Channel Islands Classmark = Maps.TPE. followed by town name and date, the ID is also useful * Indicates that the item is filed in the Outsize sequence Abbots Bromley Staffordshire ID Date Pub Code Notes/Part 1076 2001 Abbots Bromley Parish Council Sm,G Abbots Langley Hertfordshire ID Date Pub Code Notes/Part 1693 1971 ? T Aberdeen ID Date Pub Code Notes/Part 4811 1960 ca. Bartholomew - Town plan T, E 1260 1988 Aberdeen Tourist Board T 1222 1994 ca. Footprints - The Pint Sized Guide T [Aberdeen pub guide.] 461 1996 Bartholomew - Streetfinder Map 658 1997 Bartholomew - Streetfinder Atlas 664 1997 Bartholomew - Streetfinder Colour Ma 654 1998 Collins - Streetfinder Atlas 629 1998 ca. Collins - Streetfinder Map Westhill, Elrick 905 1999 Hallewell Sm,GB,Walk Aberdeen on foot 628 1999 ca. Nicolson Westhill, Elrick 1307 2001 ca. Nicolson - Street Guide T 1316 2003 Collins - Streetfinder T 02 February 2021 Page 1 of 296 3293 2004 Cityscape Maps T,S,Transport,P Transport,Shopping, Guide map and 3048 2005 Nicolson - Street Atlas 3820 2010 ca. Nicolson T & Bieldside, Bridge of Don, Bucksbur 4974 2016 Nicolson Digital - Street map, 1:14,000 T Aberdour ID Date Pub Code Notes/Part 2944 2005 ca. Fife Tourist Board T, G Aberfan ID Date Pub Code Notes/Part 393 1997 ca. Manderley Sm Treharris, Troedyrhiw, Merthyr Vale Aberfeldy ID Date Pub Code Notes/Part 1659 1956 Scottish Field Studies Association T Abergavenny Monmouthshire ID Date Pub Code Notes/Part 395 1996 ca.
    [Show full text]
  • View Annual Report
    National Express Group PLC Group National Express National Express Group PLC Annual Report and Accounts 2007 Annual Report and Accounts 2007 Making travel simpler... National Express Group PLC 7 Triton Square London NW1 3HG Tel: +44 (0) 8450 130130 Fax: +44 (0) 20 7506 4320 e-mail: [email protected] www.nationalexpressgroup.com 117 National Express Group PLC Annual Report & Accounts 2007 Glossary AGM Annual General Meeting Combined Code The Combined Code on Corporate Governance published by the Financial Reporting Council ...by CPI Consumer Price Index CR Corporate Responsibility The Company National Express Group PLC DfT Department for Transport working DNA The name for our leadership development strategy EBT Employee Benefit Trust EBITDA Normalised operating profit before depreciation and other non-cash items excluding discontinued operations as one EPS Earnings Per Share – The profit for the year attributable to shareholders, divided by the weighted average number of shares in issue, excluding those held by the Employee Benefit Trust and shares held in treasury which are treated as cancelled. EU European Union The Group The Company and its subsidiaries IFRIC International Financial Reporting Interpretations Committee IFRS International Financial Reporting Standards KPI Key Performance Indicator LTIP Long Term Incentive Plan NXEA National Express East Anglia NXEC National Express East Coast Normalised diluted earnings Earnings per share and excluding the profit or loss on sale of businesses, exceptional profit or loss on the
    [Show full text]
  • Aviance UK Limited
    Completed acquisition by Servisair UK Limited of the regional ground handling business of Aviance UK Limited ME/4429/10 The OFT’s decision on reference under section 22(1) given on 27 May 2010. Full text of decision published 15 June 2010. PARTIES 1. Servisair UK Limited ('Servisair') provides ground handling services at 21 UK airports. Its ultimate parent is Derichebourg SA, a leading global provider of aviation ground handling operations delivering a range of ground handling services across 148 airports worldwide. 2. Aviance UK Limited ('Aviance') is a subsidiary of the Go-Ahead Group, a leading UK public transport operator, and founder member of the worldwide Aviance alliance of airport service providers. Prior to this transaction, Aviance operated at a number of UK airports including Edinburgh, Heathrow, Manchester and Stansted. TRANSACTION 3. The transaction concerns the transfer to Servisair of Aviance's ground handling business at 11 regional airports in the UK, namely Aberdeen, Belfast Harbour, Belfast International, Birmingham International, Cardiff, Edinburgh, Glasgow, Luton, Manchester, Southampton and Stansted. In addition to ground handling services, Servisair also acquired Aviance’s passenger lounge at Gatwick and its cargo operations at Stansted. 4. By way of background, Aviance, having decided to exit the provision of ground handling services at regional airports, invited a number of parties operating in the air transport industry to express their interest in acquiring its regional airport ground handling business. Servisair declined to make a bid for Aviance’s ground handling business as a whole. 1 5. Aviance retained its contracts at London Heathrow Terminal 1 as a continuing activity and sold the ground handling business at Heathrow Terminals 3 and 4 to Dnata, a company owned by the Investment Corporation of Dubai.
    [Show full text]
  • Appendix a - Bus Services Financially Supported by Essex County Council (April 2014)
    Appendix A - Bus services financially supported by Essex County Council (April 2014) Annual Cost per Service Journeys that are supported by Tender Origin Destination Days of operation Current Operator Expiry date Gross cost (£) Cost (£) passenger passenger numbers Essex County Council (ECC) Number numbers journey The whole Monday to Saturday 8 Clacton Walton Monday to Saturday Hedingham & District Omnibuses Ltd TG047 30/08/2014 £ 26,599.00 £ 22,258.81 3,805 £ 5.85 evening timetable 11 Chrishall Saffron Walden Schooldays Acme Bus Company Ltd The whole schoolday timetable SW014 30/08/2014 £ 49,685.00 £ 38,198.77 6,685 £ 5.71 All Monday to Saturday evening 101 Basildon Billericay Monday to Saturday First Essex Buses Ltd BN072 30/08/2014 £ 41,669.00 £ 36,953.30 6,520 £ 5.67 journeys The whole Thursday and Saturday 331 Sible Hedingham Sudbury Thursdays and Saturday De Vere Cars DM144 30/08/2014 £ 15,288.00 £ 13,036.31 2,443 £ 5.34 timetable 23 Steeple Bumpstead Braintree Wednesday Hedingham & District Omnibuses Ltd The whole Wednesday timetable SW104 30/08/2014 £ 6,669.00 £ 5,515.95 1,035 £ 5.33 327/329 Twinstead Halstead Friday De Vere Cars The whole Friday timetable BE096 30/08/2014 £ 7,599.00 £ 6,595.92 1,261 £ 5.23 323 Greenstead Green Sudbury Thursday Hedingham & District Omnibuses Ltd The whole Thursday timetable BE103 30/08/2014 £ 9,880.00 £ 8,825.25 1,711 £ 5.16 The whole Monday, 312/313 Saffron Walden Great Dunmow Monday, Wednesday and Thursday Stephensons of Essex Ltd Wednesday,Thursday timetable & SW112 30/08/2014 £ 119,898.55 £
    [Show full text]