DOCSLIB.ORG

Annual Report & Accounts 2006

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report & Accounts 2006 MAKING TRAVEL SIMPLER ANNUAL REPORT ANNUAL REPORT & ACCOUNTS 2006 NATIONAL EXPRESS GROUP PLC NATIONAL NATIONAL EXPRESS GROUP PLC ANNUAL REPORT & ACCOUNTS 2006 oup.com oup PLC essgr ess Gr .nationalexpr el: +44 (0)20 7529 2000 National Expr 75 Davies Street London W1K 5HT T Fax: +44 (0)20 7529 2100 e-mail: [email protected] www HIGHLIGHTS DIVIDENDS AND FINANCIAL CALENDAR CONTENTS OPERATING HIGHLIGHTS Final dividend ex dividend date 25 April 2007 1 OUR BUSINESS > PASSENGER GROWTH OF OVER 4% IN COACHES Final dividend record date 27 April 2007 2 CHAIRMAN’S STATEMENT AND 6% IN TRAINS Annual General Meeting 1 May 2007 Final dividend payment date 4 May 2007 3 CHIEF EXECUTIVE’S REVIEW > RAIL BUSINESSES LEADING THE INDUSTRY Interim results announced July 2007 12 DIVISIONAL OVERVIEW PERFORMANCE TABLES Interim dividend ex dividend date September 2007 Interim dividend record date September 2007 14 OPERATING AND > FINANCIAL REVIEW INVESTMENT IN NEW TECHNOLOGY INCLUDING YIELD Interim dividend payment date September 2007 > GROUP STRATEGY MANAGEMENT AND CUSTOMER RELATIONSHIP MARKETING > STAKEHOLDER RELATIONSHIPS > EXCELLENT NORTH AMERICAN BIDDING SEASON WITH > RESOURCES $30.0M NEW BUSINESS WON WITH CONTRACT > DESCRIPTION OF EXPANSION INTO FLORIDA, NEW JERSEY, LOUISIANA THE BUSINESS > OPERATIONAL REVIEW AND ARKANSAS > FINANCIAL REVIEW > CORPORATE INFORMATION > PRINCIPAL RISKS AND SUCCESSFUL INTEGRATION OF ALSA WITH GROWTH IN UNCERTAINTIES ALL AREAS OF THE BUSINESS IN FIRST FULL YEAR OF > CORPORATE RESPONSIBILITY OPERATION AND THE AWARD OF NEW CONTRACTS 28 BOARD OF DIRECTORS AND > COMPANY SECRETARY SALE OF STEWART AIRPORT LEASE FOR $78.5M AGREED, SUBJECT TO REGULATORY APPROVALS, 30 DIRECTORS’ REPORT SECRETARY AND REGISTERED OFFICE REGISTRAR CORPORATE SOLICITORS WITH COMPLETION ANTICIPATED LATER THIS YEAR A J McDonald Lloyds TSB Registrars Ashurst 32 CORPORATE GOVERNANCE National Express Group PLC The Causeway Broadwalk House 38 REPORT ON DIRECTORS’ 75 Davies Street Worthing 5 Appold Street REMUNERATION FINANCIAL HIGHLIGHTS London W1K 5HT West Sussex BN99 6DA London EC2A 2HA 45 INDEPENDENT AUDITORS’ REVENUE Tel: +44 (0)20 7529 2000 Shareholder helpline: 0870 601 5366 REPORT TO THE MEMBERS OF Fax: +44 (0)20 7529 2100 AUDITORS NATIONAL EXPRESS GROUP e-mail: [email protected] FINANCIAL ADVISORS Ernst & Young LLP PLC (GROUP) www.nationalexpressgroup.com Merrill Lynch International Limited 1 More London Place Merrill Lynch Financial Centre London SE1 2AF 46 GROUP INCOME STATEMENT REGISTERED NUMBER 2 King Edward Street 47 GROUP BALANCE SHEET £2.5bn 2590560 London EC1A 1HQ PRINCIPAL BANKERS (2005: £2.2bn) 48 GROUP STATEMENT OF HSBC Bank plc CASH FLOWS STOCKBROKERS 8 Canada Square NORMALISED OPERATING PROFIT* Merrill Lynch International Limited London E14 5HQ 49 GROUP STATEMENT OF Merrill Lynch Financial Centre RECOGNISED INCOME 2 King Edward Street Royal Bank of Scotland AND EXPENSE London EC1A 1HQ 135 Bishopsgate 50 NOTES TO THE CONSOLIDATED London EC2M 3UR ACCOUNTS +19% Morgan Stanley 96 INDEPENDENT AUDITORS’ TO £184.8m (2005: £155.5m) 20 and 25 Cabot Square REPORT TO THE MEMBERS OF Canary Wharf NATIONAL EXPRESS GROUP PLC NORMALISED DILUTED London E14 4QW (COMPANY) EARNINGS PER SHARE* 97 COMPANY BALANCE SHEET 98 NOTES TO THE COMPANY ACCOUNTS 107 FIVE YEAR SUMMARY 76.5p 108 SHAREHOLDER INFORMATION (2005: 76.3p) 109 DIVIDENDS AND FINANCIAL CALENDAR NORMALISED PROFIT BEFORE TAX* 109 CORPORATE INFORMATION This Annual Report and Accounts is printed on Revive 50:50 Gloss and Revive 50:50 uncoated, both papers are produced from 50% recovered waste and 50% virgin fibre. +15% Both the paper mill and printer involved in the production TO £156.1m (2005: £135.3m) support the growth of responsible forest management and are both accredited to ISO14001 which specifies a process for continuous environmental improvement and both are TOTAL DIVIDEND FOR THE YEAR FSC certified. If you have finished reading this report and no longer wish to retain it, please pass it on to other interested PER SHARE readers or dispose of it in your recycled paper waste. *Normalised results are the statutory results Thank you. excluding the profit or loss on the sale of businesses, exceptional profit or loss on sale This annual report is available at www.nationalexpressgroup.com/nx/ic/reports of non-current assets and charges for goodwill impairment, intangible asset amortisation, Designed and produced by Radley Yeldar (London) exceptional items and tax relief on qualifying +8% Printed by CTD exceptional items. TO 34.75p (2005: 32.25p) NATIONAL EXPRESS GROUP PLC 109 NATIONAL EXPRESS GROUP PLC ANNUAL REPORT & ACCOUNTS 2006 ANNUAL REPORT & ACCOUNTS 2006 OUR BUSINESS NATIONAL EXPRESS GROUP IS A LEADING TRANSPORT PROVIDER DELIVERING SERVICES IN THE UK, NORTH AMERICA AND SPAIN. OUR AIM IS TO MAKE TRAVEL SIMPLER OUR VISION WE WILL ACHIEVE THIS BY: > DELIVERING ORGANIC GROWTH IN TO BE A LEADING OUR OPERATIONS THROUGH THE PROVIDER AND RETAILER DEVELOPMENT OF OUR COMMERCIAL OFFER AND THE INNOVATION OF NEW OF TRANSPORT PRODUCTS PRODUCTS AND SERVICES > BIDDING FOR NEW CONTRACTS IN EVERY SECTOR AND WHICH PLAY TO OUR EXISTING COUNTRY IN WHICH WE STRENGTHS OPERATE > ACQUIRING COMPLEMENTARY BUSINESSES TO DELIVER IMPROVED EFFICIENCY AND GROWTH WE ARE COMMITTED TO: > OPERATING THE COMPANY ON A SOUND FINANCIAL BASIS CREATING VALUE FOR OUR SHAREHOLDERS AND OUR STAKEHOLDERS > RECOGNISING OUR WIDER RESPONSIBILITIES TO SOCIETY BY ENSURING WE DO EVERYTHING SAFELY AND RESPONSIBLY 1 NATIONAL EXPRESS GROUP PLC ANNUAL REPORT & ACCOUNTS 2006 CHAIRMAN’S STATEMENT In the UK, Midland Mainline retained its Above all, National Express Group has position as the best performing Inter the objective of “Making Travel Simpler”, City rail operator as well as being by listening to our customers and wider awarded the prestigious “Operator of stakeholders and then delivering what the Year” Award for 2006 at the they want. To do that, we recognise our National Rail Awards. c2c was once people are our most important asset. again named Britain’s best performing We ask great things of them day after train company. Our coach business, day and the Board would like to thank Britain’s No 1 coach operator, goes all our employees for their efforts in from strength to strength with strong 2006 and looks forward to their support volume growth and innovative fare in the future. promotions. Our award winning Levante In early January 2007 a National DAVID ROSS coaches are fully accessible to all our Express coach accident occurred on CHAIRMAN customers including those with the M25/M4. The safety and security of wheelchairs. We have committed to our customers and employees making our entire fleet similarly accessible is of paramount importance to us and EXCELLENT by 2012. Despite increased fuel costs, we were deeply saddened by the RESULTS AND our Bus division produced another events of that night. Our condolences go strong contribution. to those involved in this incident and A PLATFORM The publication of the Stern Review particularly those who lost loved ones. highlighted the pivotal role that transport This year will be a period of change FOR GROWTH can play in tackling climate change. and growth at National Express. We will During 2007, National Express Group continue utilising the skills and values RESULTS AND DIVIDEND will be launching and participating in a such as operational excellence that Revenue was up 14% to £2.5bn number of initiatives aimed at maximising have made this Group so successful (2005: £2.2bn) and normalised Group the role bus, coach and rail can play in but we will build on them. We will apply operating profit increased by 19% to reducing the impact of climate change. an entrepreneurial approach to our £184.8m (2005: £155.5m). After GROUP STRATEGY product and business development interest and the Group’s share of and most of all we will listen to our 2006 was also a year of change for the losses from associated undertakings, customers, our stakeholders and Group. We welcomed Richard Bowker normalised profit before tax was up our people. 15% to £156.1m (2005: £135.3m). as Chief Executive in September. Normalised diluted earnings per share Richard has reviewed our businesses OUTLOOK AND and with the Board concluded that: CURRENT TRADING from continuing operations were 76.5 > pence (2005: 76.3 pence). We have a strong and diversified I am very pleased to report that we We are recommending a final portfolio of businesses. The Group will have started the year well. We have dividend of 24.0 pence per ordinary grow them through acquisitions and prequalified for the Inter City East Coast share (2005: 22.25 pence), an increase new developments, both in the franchise and have recently submitted of 7.9%, to be paid on 4 May 2007 to UK and overseas. We are now actively our bids for the East Midlands and New shareholders on the register at 27 April seeking opportunities to do this and Cross Country franchises. 2007. Including the interim dividend, have a number of potential All of our businesses are performing the proposed total dividend for the opportunities under consideration; well. We believe we can do more in > We are a leading provider of year is 34.75 pence (2005: 32.25 2007 and beyond by offering new integrated transport solutions both in pence). services, putting our customers and the UK and other geographies. Our long stakeholders at the forefront of term commitment to rail is demonstrated am pleased to report that 2006 everything we do and bringing an even in our submissions for the East Midlands was another excellent year for the greater focus to sales and marketing. and New Cross Country franchise bids Group with a strong finish to the Our plans are designed to stimulate and, later this year, the Inter City East year delivering results ahead of repeat business and attract new Coast franchise; our expectations. This was customers to our services thereby > We will invest in the necessary achieved through sustained maximising the growth of our revenue.
Load more

Recommended publications
  • London Guide Welcome to London
    Visitor information Welcome to London Your guide to getting around central London on public transport and making the most of your visit. tfl.gov.uk/visitinglondon Tube and central London bus maps inside #LondonIsOpen Welcome to London Paying for your travel Public transport is the best way to get There are different ways to pay for your around London and discover all that the travel. For most people, pay as you go - city has to offer. This guide will help you paying for the trips you make - with a plan how to get around the Capital on contactless payment card, an Oyster card or public transport. a Visitor Oyster card, is the best option as it If you have just arrived at an airport and are offers value, flexibility and convenience. looking for ways to get to central London, go to page 11 in this guide. Getting around London London’s transport system is iconic. With its world famous Underground (Tube) and iconic red buses, travelling around the Capital is an experience in itself. But London is much more than just the Tube or the bus; our vast network of transport services includes: Contactless payment cards If your credit, debit, charge card or wearable device has the contactless symbol above you can use it for pay as you go travel on London’s public transport. Android Pay and Apple Pay are also accepted. Benefits of contactless • It’s quick and easy – there’s no need to queue to buy a ticket • It offers great value – pay as you go with contactless is better value than buying a single ticket and you can benefit from both Night Tube daily and weekly capping (see page 5) • 14 million people have used contactless Night Tube services run on the to travel in London – including customers Jubilee, Victoria and most of from over 90 countries the Central and Northern lines all night on Fridays and Saturdays.
    [Show full text]
  • Travel Information
    TRAVEL INFORMATION for students travelling to Kent from outside the UK Welcome to Kent! This leaflet and our Getting Started Public transport You can get a Tube map free of charge at website has all the information you You can use public transport to travel to the the information points at airports and train need to ensure a smooth journey to University from Heathrow, Stansted and Gatwick stations, or by visiting tfl.gov.uk/maps your new home at Kent. airports. We suggest that you do not use the licensed For the latest COVID-19 information black taxis that wait outside each airport terminal. concerning London public transport, visit They are priced using the taxi meter and are usually tfl.gov.uk/campaign/coronavirus?intcmp=63016 very expensive. Keep informed and stay safe For the Canterbury campus while travelling For details on how to book a taxi in advance of Heathrow – London St Pancras – Canterbury West Please be aware that UK Government arrival, please see www.kent.ac.uk/getting-started • Take the Piccadilly line (dark blue on the guidelines surrounding COVID-19 are /international-students Tube map) from Heathrow to King’s Cross subject to change. Routes and timetables St Pancras, (approximately 45 minutes). King’s are also subject to change by operators. Travel by train to the campuses Cross St Pancras Tube station leads directly into from Heathrow airport St Pancras International and the route is clearly Remember to continually check the status of You can travel from Heathrow to both the signposted throughout the Tube station. your journey and ensure you’re familiar with Canterbury and Medway campuses by train.
    [Show full text]
  • The Nearest Railway Station Is Wool on the Main Line Between London Waterloo and Weymouth
    Travel Information for Bovington Camp updated Jun 2013 Rail The nearest railway station is Wool on the main line between London Waterloo and Weymouth. At Wool Station (south side) you will find a bus departure screen, taxi rank, bike racks and a local street map (the map is on the outside wall of the station building). There is an off-road cycle/footpath from Wool Station (north side) to Bovington Camp - the distance is about 2 miles. The Waterloo-Weymouth rail service is operated by South West Trains. Trains in each direction call at Wool at hourly intervals throughout the day and at similar intervals in the evening, seven days a week. During Mon-Fri peak hours, there are additional stops giving a half-hourly frequency. Up-to-the-minute information about train arrivals/departures at Wool Station can be viewed here. All London-bound trains from Wool call at Poole, Bournemouth, Southampton Central and Southampton Airport Parkway. Southampton Central is the main interchange point for a number of other rail services, namely: Portsmouth-Southampton-Salisbury-Bristol-Cardiff services operated by First Great Western. Bournemouth-Southampton-Reading-Birmingham-the North operated by CrossCountry. Southampton-Chichester-Brighton & -Gatwick-London (Victoria) services operated by Southern. Local services to Romsey, Eastleigh, Fareham and Portsmouth. All Weymouth-bound trains call at Dorchester South. From here, there is a well-signposted 10- minute walk to Dorchester West for train services to Yeovil, Westbury, Bath and Bristol operated by First Great Western. Alternatively, you can change between the two services at Upwey Station. You can plan your rail journey using the National Rail journey planner.
    [Show full text]
  • Getting Around Access Guide
    Getting Around Access Guide Accessible public transport in the West Midlands April 2018 CONTENTS Preface Introduction 1. Who we are, what we do 2. Where to find travel information 3. Our equality commitment 4. Ring and Ride and Community Transport 5. Buses and coaches 6. Trains 7. Metro 8. Taxis and private hire vehicles 9. Tickets 10. Ensuring your safety and security 11. Further accessibility help 12. Toilet facilities 13. Other information About Network West Midlands West Midlands districts’ map West Midlands rail map 2018 Getting Around Guide reply card Blind and Disabled Pass reply card 1 PREFACE From Laura Shoaf Managing Director, Transport for West Midlands I am delighted to introduce this, the 24th edition of the Getting Around Access Guide. Accessible travel for the people of the West Midlands is an integral aspect of our goal of transforming public transport. I am sure that you will find this guide useful and that it provides all the information you need to improve your journey experience on the region’s public transport network. The past 12 months has been an exciting time for the West Midlands Combined Authority and within that Transport for West Midlands (TfWM). We were named best in the UK for the second year running after winning City Region Transport Authority of the Year at the National Transport Awards, in recognition of a number of key projects that TfWM had delivered, many of which are included here. The innovative West Midlands Bus Alliance was renewed, meaning passengers across the region can look forward to even higher standards of service and reliability, following the partnership’s first two successful years.
    [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]
  • Mercedes-Benz Steps on It
    A Daimler Brand OmnibusThe magazine for bus operators and transport companies. 3 | 2015 Next stop: green city. The new Citaro NGT. The benchmark. With up to 20% savings in fuel consumption over the previous model, our new natural-gas-powered bus is exceptionally The new Citaro NGT cost-effective. Not to mention that it’s considerably quieter and achieves lower CO² emissions. For more information go to www.mercedes-benz.com/buses Mercedes-Benz steps on it Supplier: EvoBus GmbH, Neue Straße 95, 73230 Kirchheim unter Teck 215x280_EVO_CitaroNGT_Omnibusmagazin_EN.indd 1 28.10.15 16:17 A warm welcome to you, dear customers and friends of Mercedes-Benz Omnibus. I am delighted to be able to present you with the third issue of our magazine in 2015. As it is also the first one for me in my new position with Daimler Buses, I would like to take this opportunity to tell you a little bit about myself. My name is Ulrich Bastert, and for the past eight the same (Citaro CNG). You can find out exactly years I was responsible for all the marketing what else it has to offer in this issue. and distribution activities at Mercedes-Benz Trucks. One of my main tasks while I was there Long-distance buses are another exciting topic – was the global introduction of our new product booming since the opening of the long-distance generation of trucks. On the one hand, this market in Germany. Whereas some 8.2 million meant lots of new challenges for me and my passengers were carried in 2013, today the staff.
    [Show full text]
  • Getting Around Access Guide 2020 2 1
    1 Getting Around Access Guide 2020 2 1 Contents Preface . 2 Introduction . 5 Who we are, what we do . 7 Where to find travel information . 9 Our equality commitment . 15 Ring and Ride & community transport . 18 Buses and coaches . 26 Trains . 38 Metro . 77 Taxis and private hire vehicles . 82 Tickets . 85 Ensuring your safety & security . 93 Further accessibility help . 98 Toilet facilities . 103 Other information . 105 About West Midlands Network . 117 West Midlands districts’ map . 117. WMN Rail Network Map . 118 Next Edition Disabled Person’s Pass 2 Preface From Laura Shoaf Managing Director – Transport for West Midlands Welcome to the 26th edition of our Getting Around Access Guide . Once again I am pleased to be able to share with you the progress we have made over the last 12 months . The Metro extension in Birmingham opened on time in December 2019 with new stops at Town Hall and Centenary Square offering step-free access to Birmingham Museum and Art Gallery, the International Convention Centre and Symphony Hall . By 2021 the Metro will run along Broad Street and the Hagley Road giving people more options travelling through the West side of Birmingham . The future of our Ring and Ride service, which provides door-to-door transport for more than 12,300 people in the West Midlands has been secured thanks to the signing of a new contract by National Express West Midlands . This vital service operates between 8am and 11pm Monday to Saturday and from 8 .30am to 3 .30pm on Sundays, supporting around 850,000 trips a year .
    [Show full text]
  • September 3 2001
    CORRECTED VERSION ECONOMIC DEVELOPMENT COMMITTEE Inquiry into structural changes in Victorian economy Melbourne – 3 September 2001 Members Mr R. A. Best Mr N. B. Lucas Mrs A. Coote Mr J. M. McQuilten Mr G. R. Craige Mr T. C. Theophanous Ms K. Darveniza Chairman: Mr N. B. Lucas Deputy Chairman: Mr T. C. Theophanous Staff Executive Officer: Mr R. Willis Research Officer: Ms K. Ellingford Witness Mr B. Carolan, Commercial Director, National Express Group (Australia). 3 September 2001 Economic Development Committee 215 The CHAIRMAN — I declare open this meeting of the Economic Development Committee, which is an all-party committee investigating the issue of structural changes in the Victorian economy. I advise all present at this hearing that all evidence taken by this committee, including submissions, is subject to parliamentary privilege and is granted immunity from judicial review pursuant to the Constitution Act and the Parliamentary Committees Act. We welcome Mr Bernie Carolan, commercial director of National Express Group (Australia), to our inquiry. Mr Carolan, you are aware of the reference we have before us, which is to do with structural change. In looking at that reference, we have to get our minds around what happened five or six years ago, what has happened since and where we are now. We have to be able to trace what happened over that period. One of our problems has been that many of our witnesses have concentrated on what is happening now rather than what has happened over the past five or six years. I will put that comment on the table to start off with.
    [Show full text]
  • NX A/R 02 Covers to Print
    Annual Report 2002 National Express Group PLC Annual Report 2002 People get on with us Contents National Express Group PLC principal brands 3 National Express Group PLC at a glance 6 A snapshot of the year 8 Chairman’s statement 10 Chief Executive’s statement 12 Review of operations: Buses 14 Trains 18 Coaches 24 North America 28 Australia 32 Corporate responsibility 35 Finance Director’s report 36 Board of Directors 40 Directors’ report 42 Corporate governance 44 Report on Directors’ remuneration 46 Statement of Directors’ responsibilities 50 Report of the Auditors 51 Group profit and loss account 52 Balance sheets 53 Group statement of cash flows 54 Group statement of total recognised gains and losses 55 Note of historical cost Group profits and losses 55 Reconciliation of movements in Group equity shareholders’ funds 55 Notes to the accounts 56 Ten-year summary 86 Shareholder information 87 Dividends and financial calendar 88 Corporate information 88 Front cover: Ron Clarke, a Travel West Midlands employee, who has worked for TWM for eight years. National Express Group PLC principal brands Buses The leading bus operator in the West Provides 100 buses covering routes Operates a comprehensive network Midlands covering over 600 routes in and around Coventry of bus services in and around Dundee www.travelwm.co.uk www.travelcoventry.co.uk www.traveldundee.co.uk Trains Links South Essex towns, including Southend Provides a high-speed rail link between Operates inter-city services along the and Basildon, with Fenchurch Street Station London,
    [Show full text]
  • Durham School Services, LP
    MERRILL CORPORATION RWELLSA//21-DEC-09 04:32 DISK128:[09ZEK1.09ZEK13401]BE13401A.;22 mrll_0909.fmt Free: 434DM/0D Foot: 0D/ 0D VJ J1:1Seq: 1 Clr: 0 DISK024:[PAGER.PSTYLES]UNIVERSAL.BST;79 3 C Cs: 42506 BASE PROSPECTUS 9NOV200917485062 National Express Group PLC (incorporated and registered in England and Wales under the Companies Act 1985 with registered number 2590560) guaranteed by each of National Express Corporation (incorporated in Delaware, United States of America) and West Midlands Travel Limited (incorporated with limited liability in England and Wales under the Companies Act 1985 with registered number 2652253) and Durham School Services, L.P. (organised as a limited partnership in Delaware, United States of America) £1,000,000,000 Euro Medium Term Note Programme This Base Prospectus has been approved by the Financial Services Authority (the ‘‘FSA’’), in its capacity as United Kingdom competent authority for the purposes of Directive 2003/71/EC (the ‘‘Prospectus Directive’’) and the relevant implementing measures in the United Kingdom (the ‘‘UK Listing Authority’’), as a base prospectus in accordance with Article 5.4 of the Prospectus Directive and relevant implementing measures in the United Kingdom for the purpose of giving information with regard to the issue of notes (‘‘Notes’’) issued under the Euro Medium Term Note Programme (the ‘‘Programme’’) described in this Base Prospectus during the period of twelve months after the date hereof. Applications have been made for the Notes to be admitted during the period of twelve months after the date hereof to listing on the official list of the UK Listing Authority (the ‘‘Official List’’) and to trading on the Regulated Market of the London Stock Exchange plc (the ‘‘London Stock Exchange’’).
    [Show full text]
  • Directions to Concrete Canvas from the M4 by Public Transport From
    ® Directions to Concrete Canvas from the M4 From the M4, exit at Junction 34 (Miskin Interchange), take the A4119 exit to Llantrisant/Rhondda. After approximately 1.7 miles, at the roundabout, take the 1st exit onto the A473. Passing the retail park (Glamorgan Vale Retail Park), you will see a McDonalds at the next roundabout, at the roundabout, take the 1st exit and stay on A473, turn left onto Cowbridge Road, at the traffic lights. We can be found on the right directly opposite Leekes Llantrisant and Y Pant Comprehensive School. Postcode for Sat-Nav: CF72 8HL By Public Transport from Heathrow Airport • RailAir Bus from Heathrow to Reading Train from Reading to Cardiff Central RailAir tickets for just the coach journey can be purchased at Heathrow or you can buy a combined rail & coach fare. The RailAir coach to Reading departs Stands 1 and 2 at Heathrow Central Bus Station roughly every 20 minutes. Journey time from Heathrow to Reading Station is around 45 minutes. Trains leave Reading Station for Cardiff Central roughly every 30 minutes throughout the day. Average journey time is 1 hour 30 minutes. • Heathrow Express to Paddington Train to Cardiff Central The Heathrow Express departs from Terminals 1, 3, 4 & 5 to Paddington station every 15 minutes. Average journey time is 15 minutes. Trains depart Paddington Station for Cardiff Central Station every 30 minutes throughout the day. Average journey time is 2 hours 10 minutes. • National Express bus direct from Heathow to Cardiff Central National Express coaches depart Heathrow Central Bus Station roughly every hour throughout the day.
    [Show full text]
  • NX R&A 01 Front
    Annual Report 2001 National Express Group PLC Annual Report 2001 Contents 2 National Express Group PLC at a glance 4 Highlights of the year 6 Chairman’s statement 8 Chief Executive’s statement Review of operations: 10 Buses 14 Trains 20 Coaches 22 USA 26 Australia 28 Corporate responsibility 30 Finance Director’s report 34 Board of Directors 36 Directors’ report 38 Corporate governance 40 Report on Directors’ remuneration 44 Statement of Directors’ responsibilities 45 Report of the Auditors 46 Group profit and loss account 47 Balance sheets 48 Group statement of cash flows 49 Group statement of total recognised gains and losses Note of historical cost Group profits and losses Reconciliation of movements in Group equity shareholders’ funds 50 Notes to the accounts 76 Nine year summary 77 Shareholder information 78 National Express Group principal brands 80 Dividends and financial calendar Corporate information Click on the title in the contents above to go directly to that section. To return to the contents click on the folio. 1 National Express Group is a leading international public transport group. We carry over one billion passengers a year worldwide on our bus, train, tram and express coach operations. We operate local transport businesses which are run by local people to meet the needs of the communities we serve. We conduct our business to ensure that these communities benefit economically from our activities whilst also receiving quality local services. Our 45,000 employees are committed to improving the quality, value for money and the safety of all our services. We invest in all aspects of our businesses to provide services that passengers want to use, thereby maximising the use of public transport systems.
    [Show full text]