þ
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ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
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For
the Fiscal Year Ended December 31, 2006
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OR
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o
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TRANSITION
REPORT PURSUANT TO SECTION 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
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For
the transition period from
___________to______________
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A.
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Full
title of the plan and the address of the plan, if different from
that of
the issuer named below:
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B.
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Name
of issuer of the securities held pursuant to the plan and the address
of
its principal executive
office:
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Bristow
Group Inc.
2000
W. Sam Houston Pkwy. S.,
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Suite
1700
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Houston,
Texas 77042
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Page
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||
Report
of Independent Registered Accounting Firm
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2
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Statements
of Net Assets Available for Benefits
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3
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Statement
of Changes in Net Assets Available for
Benefits
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4
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Notes
to Financial Statements
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5
-
8
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Supplemental
Schedule
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||
Schedule
H, Line 4i – Schedule of Assets (Held at End of Year)
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9
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December
31,
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||||||||
2006
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2005
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|||||||
ASSETS
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||||||||
INVESTMENTS,
at fair market value
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||||||||
Mutual
funds
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$
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64,195,764
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$
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54,705,136
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||||
Bristow
Group Inc. Stock
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6,288,027
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4,843,413
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||||||
Common/collective
trust
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23,403,378
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21,486,672
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||||||
Participant
loans
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2,695,925
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2,464,111
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||||||
TOTAL
INVESTMENTS
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96,583,094
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83,499,332
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||||||
RECEIVABLES
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||||||||
Participant
contributions
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177,206
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193,727
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||||||
Employer
contributions
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2,050,186
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1,846,106
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||||||
TOTAL
RECEIVABLES
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2,227,392
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2,039,833
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||||||
NET
ASSETS AVAILABLE FOR BENEFITS
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$
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98,810,486
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$
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85,539,165
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ADDITIONS
TO NET ASSETS
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|||||
INVESTMENT
INCOME
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|||||
Net
appreciation in fair value of investments
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$
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6,781,141
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|||
Interest
from common/collective trusts
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3,405,072
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||||
Interest
from participant loans
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164,380
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||||
TOTAL
INVESTMENT INCOME
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10,350,593
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||||
CONTRIBUTIONS
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|||||
Participant
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6,004,395
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||||
Employer
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3,608,562
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||||
TOTAL
CONTRIBUTIONS
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9,612,957
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||||
TOTAL
ADDITIONS TO NET ASSETS
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19,963,550
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||||
DEDUCTIONS
FROM NET ASSETS
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|||||
Benefits
paid to participants
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6,681,514
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||||
Administrative
expenses
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10,715
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||||
TOTAL
DEDUCTIONS FROM NET ASSETS
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6,692,229
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||||
NET
INCREASE
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13,271,321
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||||
NET
ASSETS AVAILABLE FOR BENEFITS
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|||||
Beginning
of year
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85,539,165
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||||
End
of year
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$
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98,810,486
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December
31,
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||||||
2006
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2005
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|||||
Vanguard
500 Index Fund Investor Shares
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$
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28,148,740
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$
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24,862,243
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Vanguard
U.S. Growth Fund
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5,325,829
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5,899,772
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||||
Vanguard
International Growth Fund
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6,134,210
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2,907,103
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||||
Vanguard
Wellington Fund Investor Shares
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9,838,781
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8,736,130
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||||
Vanguard
Retirement Savings Trust
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23,403,378
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21,486,672
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||||
Bristow
Group Inc. Stock
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6,288,027
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4,843,413
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||||
Other
investments under 5%
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17,444,129
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14,763,999
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||||
TOTAL
INVESTMENTS
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$
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96,583,094
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$
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83,499,332
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Mutual
Funds
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$
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5,311,926
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Bristow
Group Inc. Stock
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1,469,215
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Total
net appreciation
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$
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6,781,141
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(a)
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(b)
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(c)
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(d)
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(e)
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|||||
Identity
of Issue,
Borrower,
Lessor, or
Similar
Party
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Description
of Investment
Including
Maturity Date, Rate
Of
Interest, Collateral, Par or
Maturity
Value
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Cost
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Current
Value
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||||||
*
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Vanguard
Fiduciary
Trust
Company
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Vanguard
500 Index Fund
Investor
Shares
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^
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$
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28,148,740
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||||
*
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"
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Vanguard
Explorer Fund
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^
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2,151,349
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|||||
*
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"
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Vanguard
Extended Market Index
Fund
Investor Shares
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^
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2,501,895
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|||||
*
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"
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Vanguard
International Growth Fund
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^
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6,134,210
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|||||
*
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"
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Vanguard
International Value Fund
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^
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18,953
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|||||
*
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"
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Vanguard
Target Retirement
2005
Fund
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^
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84,810
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|||||
*
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"
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Vanguard
Target Retirement
2015
Fund
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^
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1,892,129
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|||||
*
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"
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Vanguard
Target Retirement
2025
Fund
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^
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551,402
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|||||
*
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"
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Vanguard
Target Retirement
2035
Fund
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^
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796,542
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|||||
*
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"
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Vanguard
Target Retirement
2045
Fund
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^
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444,042
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|||||
*
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"
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Vanguard
Target Retirement
Income
Fund
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^
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259,373
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|||||
*
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"
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Vanguard
Total Bond Market
Index
Fund
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^
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1,929,529
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|||||
*
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"
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Vanguard
U.S. Growth Fund
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^
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5,325,829
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|||||
*
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"
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Vanguard
Wellington Fund
Investor
Shares
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^
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9,838,781
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|||||
*
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"
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Vanguard
Windsor II Fund
Investor
Shares
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^
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4,118,179
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|||||
*
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"
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Vanguard
Retirement Savings
Trust
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^
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23,403,378
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|||||
*
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Bristow
Group Inc.
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Bristow
Group Inc. Stock
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^
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6,288,027
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|||||
*
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Participant
loans
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5%
- 9.5%, maturing at various dates
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—
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2,695,926
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|||||
*
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TOTAL
INVESTMENTS
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^
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$
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96,583,094
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SIGNATURES
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BRISTOW
GROUP INC. EMPLOYEE SAVINGS AND RETIREMENT
PLAN
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Date:
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June 28,
2007
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By:
Bristow Group Inc., as Trustee
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to
the Plan
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By: /s/
Elizabeth D. Brumley
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Elizabeth
D. Brumley
Vice
President , Chief Accounting Officer and Controller
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Exhibit
Number
|
Description
|
23.1
|
Consent
of Independent Registered Public Accounting
Firm
|