1. Profit for the yearAs permitted by Section 408 of the Companies Act 2006 the Company has elected not to present its own Company Income Statement for the year. SIG plc reported a profit after tax for the financial year ended 31 December 2015 of £20.5m (2014: £26.2m).The…

2. Share-based paymentsThe Company had three share-based payment schemes in existence during the year ended 31 December 2015. The Company recognised a total charge of £0.1m (2014: £0.7m) in the year relating to share-based payment transactions issued after 7 November 2002.…

3. 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…

4. Staff costsParticulars of employees (including Directors) are shown below:2015 £m2014£mEmployee costs during the year amounted to:Wages and salaries4.7 5.1Social security costs0.6 0.7IFRS 2 share option charge0.10.7Pension costs0.3 0.3Total5.7 6.8The average mo…

5. Fixed asset investmentsFixed asset investments comprise investments in subsidiary undertakings, as follows:2015 £m2014£mCostAt 1 January650.2662.3Disposals–(12.1)At 31 December650.2650.2Accumulated impairment chargesAt 1 January207.2216.2Impairment charge–3.1Disposals–(12.…

6. Tangible fixed assetsThe movement in the year was as follows:Land and buildingsFreeholdland andbuildings£mShortleasehold£mPlant andmachinery£mTotal£mCostAt 1 January 20140.1–0.40.5Additions––0.10.1Disposals––(0.1)(0.1)At 1 January 20150.1–0.40.5Additions–0.80.31.1Disposa…

7. Debtors31 December 2015£m31 December2014£m1 January2014£mAmounts owed by subsidiary undertakings150.189.864.1Corporation tax recoverable1.0–0.6Derivative financial instruments34.4––Prepayments and accrued income1.20.90.9Deferred consideration1.5––Debtors - …

8. Creditors: amounts falling due within one year31 December2015£m31 December2014£m1 January2014£mPrivate placement notes160.1––Bank loans88.1––Bank overdrafts69.840.454.8Amounts owed to subsidiary undertakings109.2189.7150.0Derivative financial instruments1.30.50.1Accruals and deferred income8.09.…

9. Creditors: amounts falling due after one year31 December 2015£m31 December2014£m1 January2014£mPrivate placement notes95.8254.3252.5Derivative financial instruments0.70.62.0Amounts owed to subsidiary undertakings61.365.269.6Total157.8320.1324.1Details of the private placement notes (before appl…

10. ProvisionsWarranty Claims£mAt 1 January 2014–New provisions3.7Transferred in from accruals0.7Utilised(1.0)At 31 December 20143.4Unwinding of provision discounting0.1Utilised(1.5)At 31 December 20152.031 December 2015£m31 December2014£m1 January2014£mAmounts fa…

11. Deferred tax31 December 2015£m31 December2014£m1 January2014£mDeferred tax assets4.09.60.8The different components of deferred tax assets and liabilities recognised by the Company and movements thereon during the current and prior reporting period are analysed b…

12. Capital and reserves31 December 2015£m31 December2014£m1 January2014£mCalled up share capital59.159.159.1Share premium account447.3447.2447.2Merger reserve21.721.721.7Capital redemption reserve0.30.30.3Share option reserve1.41.81.1Exchange reserve(0.2)(0.2)(0.2)Retained…

13. Guarantees and other financial commitmentsa) GuaranteesAt 31 December 2015 the Company had provided guarantees of £9.0m (2014: £5.5m) on behalf of its subsidiary undertakings.b) Contingent liabilitiesAs at the balance sheet date, the Company had outstanding obligations under a standby letter…

14. Related party transactionsRemuneration of key management personnelThe total remuneration of the Directors of the Group Board, who the Group considered to be its key management personnel, is provided in the audited part of the Annual Report on Remuneration. In addition, the Co…