1. Revenue and segmental informationRevenueAn analysis of the Group's revenue is as follows:2015£m2014£mSale of goods2,533.42,620.6Revenue from construction contracts33.013.3Total revenue2,566.42,633.9Finance income1.01.0Total income2,567.42,634.9Segmental Informationa) Segmental resul…

2. Cost of sales and other operating expenses20152014Before Other items£mOther items£mTotal£mBefore Otheritems£mOther items£mTotal£mCost of sales1,878.0–1,878.01,902.327.51,929.8Other operating expenses:– distribution costs219.18.1227.2216.61.7218.3– selling and marketing costs213.71.3215.0223.…

3. Finance income and finance costs20152014BeforeOther Items£mOtheritems£mTotal£mBeforeOther Items£mOtheritems£mTotal£mFinance incomeInterest on bank deposits1.0–1.00.9–0.9Fair value gains on derivative financial instruments––––0.10.1Total finance income1.0–1.00.90.11.0Finance costsOn…

4. Profit before tax2015£m2014£mProfit before tax is stated after crediting:Foreign exchange rate gains*0.10.3Discounting of provisions–1.4Fair value gains on derivative financial instruments–0.1Net decrease in provision for inventories1.4–Gains on disposal of property,…

5. Staff costsParticulars of employees (including Directors) are shown below:2015£m2014£mEmployee costs during the year amounted to:Wages and salaries270.3274.0Social security costs44.346.8IFRS 2 share option charge0.10.7Pension costs (Note 28c)7.16.8Total staff c…

6. Income taxThe income tax expense comprises:2015£m2014£mCurrent taxUK corporation tax: – on profits/(losses) for the year–– – adjustments in respect of previous years––––Overseas tax:         – on profits/(losses) for the year10.814.7 – adjustments in respect o…

7. DividendsAn interim dividend of 1.69p per ordinary share was paid on 7 November 2015 (2014: 1.42p). The Directors have proposed a final dividend for the year ended 31 December 2015 of 2.91p per ordinary share (2014: 2.98p). The proposed final dividend is subj…

8. Earnings per shareThe calculations of earnings per share are based on the following profits and numbers of shares:Basic and diluted2015£m2014£mProfit after tax36.334.5Non-controlling interests(0.3)(1.5)36.033.0Basic and diluted before Other items2015£m2014£mProfit aft…

9. Share-based paymentsThe Group had three share-based payment schemes in existence during the year ended 31 December 2015 (2014: three). The Group recognised a total charge of £0.1m (2014: £0.7m) in the year relating to share-based payment transactions issued after 7 Nove…

10 Property, plant and equipmentThe movements in the year and the preceding year were as follows:Land and buildingsFreehold£mShortleasehold£mPlant andmachinery£mTotal£mCostAt 1 January 201488.340.9204.4333.6Exchange differences(3.9)(1.2)(8.9)(14.0)Additions1.93.326.131.3Added on ac…

11. Goodwill£mCostAt 1 January 2014508.0Exchange differences(14.4)Acquisitions18.6Adjustments in respect of prior period acquisitions0.3Disposals(24.9)At 31 December 2014487.6Exchange differences(11.7)Acquisitions29.4Adjustments in respect of prior period acquis…

12. Intangible assetsThe intangible assets presented below relate to acquired intangibles that arise as a result of applying IFRS 3 "Business Combinations" (which requires the separate recognition of acquired intangibles from goodwill) and computer software (separable fr…

13. AcquisitionsDuring the period SIG acquired the following:Acquisition name% of ordinary share capital acquiredAcquisition dateCountry of incorporationPrincipal activityAdvanced Cladding & Insulation Group Limited100%30 January 2015United KingdomDistributor of…

14. Inventories2015£m2014£mRaw materials and consumables3.63.9Work in progress1.11.0Finished goods and goods for resale238.2220.5Total inventories242.9225.4The estimated replacement cost of inventories is not materially different from the balance sheet value stated…

15. Trade and other receivables2015£m2014£mTrade receivables386.9362.1Amounts due from contract customers3.9–VAT3.21.2Other receivables3.22.6Prepayments and accrued income17.715.8Trade and other receivables414.9381.7Current tax assets4.35.6Total receivables419.2387.3The average cr…

16. Current liabilities2015£m2014£mTrade payables234.4206.3Bills of exchange payable12.716.9VAT15.917.1Social security and payroll taxes13.314.0Accruals and deferred income88.294.9Trade and other payables364.5349.2Obligations under finance lease contracts (Note 23)2.52.5Ba…

17. Non-current liabilities2015£m2014£mObligations under finance lease contracts (Note 23):– due after one and within two years2.42.2– due after two and within five years4.54.9– due after five years0.60.9Bank loans0.40.6Private placement notes95.8254.3Derivative financial inst…

18. Financial InstrumentsThe Treasury Risk Management section of the Strategic Report includes a review of all liquidity, interest rate and foreign currency risks, and provides an explanation of the role that derivative financial instruments have had during the year in creat…

19. Maturity of financial assets and liabilitiesMaturity of financial liabilitiesThe maturity profile of the Group's financial liabilities (inclusive of derivative financial assets) at 31 December 2015 was as follows:2015£m2014£mIn one year or less225.79.9In more than one year but not more than tw…

20. Sensitivity analysisIFRS 7 requires the disclosure of a sensitivity analysis that details the effects on the Group's profit or loss and other equity of reasonably possible fluctuations in market rates.This sensitivity analysis has been prepared to illustrate the effect …

21. Provisions for liabilities and chargesOnerousleases£mLeaseholddilapidations£mContingentconsideration£mOtheramounts£mTotal£mAt 1 January 201510.114.112.67.143.9Unused amounts reversed in the period(1.1)–(0.4)(0.6)(2.1)Utilised(3.5)(0.5)(4.9)(1.9)(10.8)New provisions2.60.811.11.315.8Unwind…

22. Deferred taxThe net deferred tax asset at the end of the year is analysed as follows:2015£m2014£mDeferred tax assets21.029.0Deferred tax liabilities(18.2)(12.1)Net deferred tax asset2.816.9Summary of deferred taxThe different components of deferred tax assets an…

23. Obligations under finance lease contractsMinimum lease paymentsPresent value of minimumlease payments2015£m2014£m2015£m2014£mAmounts payable under finance lease contracts:– within one year3.02.62.52.5– after one year and within five years7.88.06.97.1– after five years0.61.00.60.911.411.610.…

24. Called up share capital2015£m2014£mAuthorised:800,000,000 ordinary shares of 10p each (2014: 800,000,000)80.080.0Allotted, called up and fully paid:591,347,148 ordinary shares of 10p each (2014: 591,137, 803)59.159.1There were 209,345 shares allotted during 2015 (2014: 37,…

25. Reconciliation of operating profit to cash generated from operating activities2015£m2014£mOperating profit65.953.2Depreciation (Note 10)23.021.2Amortisation of computer software (Note 12)3.02.8Impairment of property, plant and equipment (Note 10)–6.1Profits and losses arising on sale of businesses and associated impairment cha…

26. Reconciliation of net cash flow to movements in net debt2015£m2014£mDecrease in cash and cash equivalents in the year(14.1)(2.7)Cash flow from (increase)/decrease in debt(86.6)0.7Increase in net debt resulting from cash flows(100.7)(2.0)Debt added on acquisition(2.5)(0.1)Recognition of loan notes(2.7)–Non…

27. Analysis of net debtAt31 December2014£mCashflows£mNet cash addedon acquisition£mReclassificationof debts£mRecognitionof loan notes £mNon-cashitems^£mExchangedifference£mAt31 December2015£mCash and cash equivalents110.3(28.1)12.1–––(5.3)89.0Bank overdrafts(4.4)1.9––––0.2…

28. Guarantees and other financial commitmentsa) Capital commitments2015£m2014£mContracted but not provided for7.715.8b) Lease commitmentsThe Group leases a number of its premises under operating leases which expire between 2015 and 2049.The rentals payable are subject to renegotiation at variou…

29. Related party transactionsTransactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and have therefore not been disclosed.SIG has a shareholding of less than 0.1% in a German purchasing co-operative. Net purchases …

30. SubsidiariesDetails of the Group's subsidiaries, all of which have been included in the Consolidated Accounts, are shown in Group Companies 2015.