Babcock International Group PLC

Report Publication Announcement • Jun 17, 2014

National Storage Mechanism | Additional information

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RNS Number : 8417J

Babcock International Group PLC

17 June 2014

Babcock International Group PLC ('the Company') - Annual Report and AGM Documents

Copies of each of the following documents have today been posted or otherwise made available to shareholders and copies have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do :-

1.   Annual Report and Accounts for the year ended 31 March 2014

2.   Notice of Annual General Meeting to be held on 21 July 2014

3.   Form of Proxy

Copies of the above documents (excluding the Form of Proxy) are also available on Babcock International Group PLC's website, www.babcockinternational.com and copies may also be obtained from the Company Secretary at the Company's registered office, 33 Wigmore Street, London, W1U 1QX.

Albert Dungate

Company Secretary

Babcock International Group PLC

17 June 2014

Compliance with Disclosure and Transparency Rule 6.3.5 ("DTR 6.3.5") - Extract from the 2014 Annual Report and Accounts

The information set out below, which is extracted from the Annual Report 2014, is included solely for the purposes of complying with DTR 6.3.5 and the requirements it imposes on how to make public, annual financial reports. The information below should be read in conjunction with the announcement of the Company's Full Year results issued on 19 May 2014. Together, these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service.

This material should also be read in conjunction with, and is not a substitute for reading, the full Annual Report 2014.

Note and page references in the text of this announcement below refer to note numbers and page numbers in the Annual Report 2014 that can be viewed on the Company's website.

Related party transactions

(a) The following related parties either sell to or receive services from the Group. Loans to joint ventures and associates are detailed in note 16.

	2014 Revenue to £m	2014 Purchases from £m	2014 Year end debtors' balance £m	2014 Year end creditor balance £m
Joint ventures and associates
Debut Services (South West) Limited	139.4	-	0.3	-
Holdfast Training Services Limited	76.2	0.1	8.0	-
First Swietelsky Operation and Maintenance	10.1	-	1.9	0.5
Ascent Flight Training (Management) Company Limited	1.8	-	0.1	-
Advanced Jet Training Limited	1.6	-	0.2	-
Rear Crew Training Limited	0.8	-	0.1	-
Airtanker Services Limited	5.8	-	0.7	-
ALC (Superholdco) Limited	3.2	-	0.1	-
Naval Ship Management (Australia) Pty Limited	1.5	-	0.1	-
Lewisham Schools for the Future SPV Limited	1.5	-	0.3	-
Lewisham Schools for the Future SPV2 Limited	0.4	-	0.1	-
Lewisham Schools for the Future SPV3 Limited	0.8	-	0.1	-
Lewisham Schools for the Future SPV4 Limited	1.4	-	0.1	-
Greenwich BSF SPV Limited	0.2	-	-	-
Cura Classis (UK) Limited	4.1	-	-	-
Cura Classis (US) LLC	6.3	-	0.1	-
Cura Classis Canada Hold Co Inc.	5.9	-	-	-
Dounreay Site Licence Company	15.1	0.1	-	-
Related by common directorships				-
Finmeccanica UK Group	11.8	0.1	1.3	-
GKN	-	0.3	-	-
Northrop Grumman Sperry Marine Limited	0.1	-	-	-
	288.0	0.6	13.5	0.5

	2013 Revenue to £m	2013 Purchases from £m	2013 Year end debtors' balance £m	2013 Year end creditor balance £m
Joint ventures and associates
Debut Services (South West) Limited	128.9	1.2	-	-
Holdfast Training Services Limited	73.4	0.4	12.7	-
First Swietelsky Operation and Maintenance	9.5	-	1.2	0.5
Ascent Management Company (Weybridge) Limited	0.5	-	-	-
Ascent Flight Training (Management) Company Limited	1.8	-	0.7	-
Advanced Jet Training Limited	1.5	-	0.3	-
Rear Crew Training Limited	0.8	-	0.2	-
Airtanker Services Limited	6.9	-	1.0	-
Whitefleet Limited	0.4	17.9	-	-
ALC (Superholdco) Limited	3.1	-	-	-
Naval Ship Management (Australia) Pty Limited	2.1	-	0.2	-
Lewisham Schools for the Future LEP Limited	0.1	-	-	-
Lewisham Schools for the Future SPV Limited	2.2	-	0.9	-
Lewisham Schools for the Future SPV2 Limited	0.4	-	-	-
Lewisham Schools for the Future SPV3 Limited	0.5	-	0.1	-
Lewisham Schools for the Future SPV4 Limited	0.8	-	0.2	-
Greenwich BSF SPV Limited	0.2	-	-	-
Cura Classis (UK) Limited	5.1	-	-	-
Cura Classis (US) LLC	6.8	-	0.1	-
Cura Classis Canada Hold Co Inc.	7.2	-	-	-
Dounreay Site Licence Company	9.5	-	2.1	-
Related by common directorships
Finmeccanica UK Group	9.3	0.1	0.9	-
	271.0	19.6	20.6	0.5

All transactions noted above arise in the normal course of business.

(b) Defined benefit pension schemes

Please refer to note 27 for transactions with the Group defined benefit pension schemes.

(c) Key management compensation is shown in note 8.

(d) Transactions in employee benefits trusts are shown in note 25.

Directors' responsibility statement

The following responsibility statement is repeated here solely with the purpose of complying with Disclosure and Transparency Rule 6.3.5.  This statement is relates to and is extracted from page 122 of the 2014 Annual Report and Accounts.  Responsibility is for the full 2014 Annual Report and Accounts not the extracted information presented in this announcement and the full year results announcement.

"The Directors are responsible for preparing the Annual Report, the Directors' Remuneration report and the Group's and the Company's financial statements in accordance with applicable law.

Company law requires the Directors to prepare financial statements for each financial year. In accordance with that law, the Directors have prepared the Group's financial statements in accordance with International Financial Reporting Standards (IFRS) (as adopted in the European Union), and the Company's financial statements and the Directors' Remuneration report in accordance with applicable law and UK Generally Accepted Accounting Practice (UK GAAP). The Group's and the Company's financial statements are required by law to give a true and fair view of the state of affairs of the Group and the Company and of the profit and loss of the Group for that year. In preparing those financial statements the Directors are required to

·      select suitable accounting policies and then apply them consistently;

·      make judgements and accounting estimates that are reasonable and prudent;

·      state whether IFRSs, as adopted by the European Union and applicable UK Accounting Standards, have been followed, subject to any material departures disclosed and explained in the Group's and Company's financial statements respectively; and

·      prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company, and enable them to ensure that the Group's financial statements comply with the Companies Act 2006 and Article 4 of the IAS Regulation and that the Company's financial statements and the Directors' Remuneration report comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Each of the Directors listed below (being the Board of Directors at the date of this Annual Report and these financial statements) confirms that to the best of his or her knowledge

·      the Group financial statements (set out on pages 127 to 174) which have been prepared in accordance with IFRS as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit of the Group taken as a whole; and

·      the Strategic report and Directors' report contained on pages 2 to 122 includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces."

	Mike Turner		Chairman
	Peter Rogers		Chief Executive
	Bill Tame		Group Finance Director
	Archie Bethel		CEO, Marine and Technology
	Kevin Thomas		CEO, Support Services
	John Davies		CEO, Defence and Security
	Justin Crookenden		Non-Executive Director
	Sir David Omand		Non-Executive Director
	Ian Duncan		Non-Executive Director
	Kate Swann		Non-Executive Director
	Anna Stewart Jeff Randall		Non-Executive Director Non-Executive Director

This information is provided by RNS

The company news service from the London Stock Exchange

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