A copy of the 2017 Annual Report has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM. In compliance with DTR 6.3.5, a description of the Company’s principal risks and uncertainties and a responsibility statement are set out below.What was the market growth for GKN in 2016?
GKN plc Annual Report and Accounts 20165 OTHER INFORMATION FINANCIAL STATEMENTS GOVERNANCE STRATEGIC REPORT 2016 market trends ◆Continued strong growth of 6.3% in passenger air travel. ◆ Freight air transport returned to growth in 2016 (2.6%).What makes GKN the company that moves the world?
GKN plc Annual Report and Accounts 20161 OTHER INFORMATION FINANCIAL STATEMENTS GOVERNANCE STRATEGIC REPORT Overview Population growth, urbanisation and increased affluence are driving change. Aircraft passenger numbers are increasing, and car sales are rising while consumer preferences for vehicles evolve.Why did GKN get credit for £32 million?
In the year credits amounting to £32 million arose from programme pricing adjustments; £19 million in the North American Aerostructures business and £13 million in the Engine Systems business.