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Note 1: Authorisation of financial statements and compliance with IFRSs

The Group’s and Company’s financial statements for the year ended 31 March 2010 were authorised for issue by the Board of Directors on 20 May 2010 and the balance sheets were signed on the Board’s behalf by Willie Walsh and Keith Williams. British Airways Plc is a public limited company incorporated and domiciled in England and Wales. The Company’s ordinary shares are traded on the London Stock Exchange.

The Group has prepared its consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs)* as adopted by the EU. IFRSs as adopted by the EU differ in certain respects from IFRSs as issued by the International Accounting Standards Board (IASB). However, the consolidated financial statements for the periods presented would be no different had the Group applied IFRSs as issued by the IASB. References to ‘IFRS’ hereafter should be construed as references to IFRSs as adopted by the EU. The principal accounting policies adopted by the Group and by the Company are set out in note 2.

The Company has taken advantage of the exemption provided under Section 408 of the Companies Act 2006 not to publish its individual income statement and related notes.

*For the purposes of these statements, IFRS also includes International Accounting Standards (IAS).

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