JohnJohn Menzies Menzies plc plc 2 Lochside2 Lochside Avenue, Avenue, EdinburghEdinburgh Park, Park, Edinburgh,Edinburgh, EH12 EH12 9DJ 9DJ Tel: +44Tel: (0)+44 131 (0) 225 131 8555225 8555 Fax: +44Fax: (0)+44 131 (0) 220 131 1491220 1491 JOHN MENZIES PLC JOHN MENZIES PLC Email:Email:
[email protected] [email protected] Web:Web: www.johnmenziesplc.com www.johnmenziesplc.com AnnualAnnual Report Report 2012 2012 RegisteredRegistered in Scotland in Scotland with withcompany company number number SC34970 SC34970 RegisteredRegistered offi ceoffi address ce address as above as above ANNUAL REPORT AND ACCOUNTS 2012 ANNUAL REPORT AND ACCOUNTS 2012 PEOPLEPEOPLE POWERINGPOWERING PERFORMANCEPERFORMANCE Related information Within this report we highlight further sources of information PEOPLE with the following icons: POWERING More info in this report PERFORMANCE www.johnmenziesplc.com Overview 01 At a glance 02 Our business model 02 Our Executive team 04 Our strategy 06 People Powering Performance Operating review 12 Chairman’s statement 14 Group performance 16 Menzies Aviation 18 Menzies Distribution 20 Group financial review 26 Corporate social responsibility 32 Principal risks and uncertainties Governance 34 Board of Directors 36 Corporate governance statement 46 Report on Directors’ Remuneration Financial Statements 57 Independent auditors’ report to the members of John Menzies PLC 59 Group income statement 60 Group statement of comprehensive income 61 Group and Company balance sheets 62 Group and Company statement of changes in equity 63 Group and Company statement of cash flows 64 Notes to the Accounts 99 Five year summary This annual report is printed on FSC certifi ed material. This product is biodegradable, 100% recyclable and elemental Shareholder Information chlorine free.