Page 30 - Annual_Report_2016
P. 30
CHAPTER 5
OUR BUSINESS
UNITS
AIA has an organizational structure centered around four Business Units (Aviation,
Consumers, Property and IT & Telecommunications), which have a combined
responsibility for operational excellence and business development. To further
enhance this role, a Value Based Management (VBM) methodology is applied,
measuring the performance of the Business Units against predefined targets on
both financial and non-financial metrics and parameters (e.g. systems’ efficiency,
quality of services, safety of operations, environmental responsibility, personnel
safety, training, etc.).
AVA per Business Unit 2016 vs. 2015 AVA per Business Unit
VARIANCE € MILLION 2016 2015 € MILLION
14.4 6.0 -2.6 0.6 -6.2 AVIATION 62.4
120 CONSUMERS 47.9
100 111.9 50.6
44.6
99.7
80 3.5
6.1
60 PROPERTY
40
AIA AVA 2015
AVIATION VARIANCE
CONSUMERS VARIANCE
PROPERTY VARIANCE
IT&T VARIANCE
OTHER
AIA AVA 2016
IT&T
20 1.7
1.1
0
0 10 20 30 40 50 60 70
Note:AVA=Net Operating Profit After Tax - Cost of Capital x Net Assets Note: The segmentation of the Business Units is for VBM
Other represents the impairment loss (net of tax) in relation to the purposes only and not related to regulatory Air-Non Air Acitivites
fair value of Company’s available for sale financial assets segmentation
30
OUR BUSINESS
UNITS
AIA has an organizational structure centered around four Business Units (Aviation,
Consumers, Property and IT & Telecommunications), which have a combined
responsibility for operational excellence and business development. To further
enhance this role, a Value Based Management (VBM) methodology is applied,
measuring the performance of the Business Units against predefined targets on
both financial and non-financial metrics and parameters (e.g. systems’ efficiency,
quality of services, safety of operations, environmental responsibility, personnel
safety, training, etc.).
AVA per Business Unit 2016 vs. 2015 AVA per Business Unit
VARIANCE € MILLION 2016 2015 € MILLION
14.4 6.0 -2.6 0.6 -6.2 AVIATION 62.4
120 CONSUMERS 47.9
100 111.9 50.6
44.6
99.7
80 3.5
6.1
60 PROPERTY
40
AIA AVA 2015
AVIATION VARIANCE
CONSUMERS VARIANCE
PROPERTY VARIANCE
IT&T VARIANCE
OTHER
AIA AVA 2016
IT&T
20 1.7
1.1
0
0 10 20 30 40 50 60 70
Note:AVA=Net Operating Profit After Tax - Cost of Capital x Net Assets Note: The segmentation of the Business Units is for VBM
Other represents the impairment loss (net of tax) in relation to the purposes only and not related to regulatory Air-Non Air Acitivites
fair value of Company’s available for sale financial assets segmentation
30
