1、ANNUAL REPORT FOR THE YEAR ENDED MARCH 31,2007W H E R E T H E S U N N E V E R S E T SANNUAL REPORT FOR THE YEAR ENDED MARCH 31,200764801_Cover_CAE_AN.indd 15/30/07 7:19:46 PM 1Corporate Profile 12007 Financial Highlights 3Chairmans Message 5Message to Shareholders 15Training and Services/Civil 17Sim
2、ulation Products/Civil 19Training and Services/Military 21Simulation Products/Military 22CAE Presence Worldwide 25CAE Marks 60thYear 27Making a Difference in our Communities 29 Managements Discussion and Analysis 75 Managements Report on Internal Control OverFinancial Reporting 75Independent Auditor
3、s Report 77 Consolidated Financial Statements 80 Notes to Consolidated Financial Statements131Board of Directors and Officers132 Shareholder and Investor InformationFORWARD-LOOKING STATEMENTSCertain statements made in this annual report are forward-looking statements under the Private Securities Lit
4、igation Reform Act of 1995 and Canadian securities regulations.These include,for example,statements about our business outlook,assessment of market conditions,strategies,future plans,future sales,prices for our major products,inventory levels,capital spending and tax rates.Such statements are not gu
5、arantees of future performance.They are based on managements expectations that involve a number of business risks and uncertainties,any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.The results or events predicted in the
6、se forward-looking statements may differ materially from actual results or events.For a description of risks that could cause actual results or events to differ materially from current expectations,please refer to the risk factors section of CAEs Annual Information Form for the year ended March 31,2