Babcock International Group PLC
20 October 2005
20 October 2005
Babcock International Group PLC
Transition to International Financial Reporting Standards
Babcock International Group PLC, the support services company, today announces a
further detailed update of the impact of International Financial Reporting
Standards (IFRS) on its accounts, following the Group's previous statement made
in July. There are no changes to headline numbers given at that time.
The purpose of this update is:-
1. to provide information for the September half year comparative,
2. to provide segmental information,
3. to document the accounting policies to be used in the current year.
The supporting paper with detailed appendices will be available on the Group's
website www.babcock.co.uk
Contacts: Babcock International Group PLC Andrew Lorenz or Rob Gurner
Bill Tame Group Finance Director Financial Dynamics
Franco Martinelli Group Financial Controller Telephone: +44 (0)20 7269 7291
Telephone: +44 (0)20 7291 5000
Notes to editors:
About Babcock International Group PLC
Babcock International Group PLC is an asset management business. We manage fixed
infrastructure and mobile assets. Babcock integrates labour, technical
capabilities, systems and supply chain partners to meet the outsourcing needs of
customers for 'mission-critical' capabilities.
In the year to 31 March 2005 sales from continuing business were £760 million.
In June 2004 Babcock acquired the Peterhouse Group which brought; Rail, Networks
and Health , Safety and Environmental to the Group
The Group operates across five core business segments:
Defence Services, supplying facilities management, equipment support and
training services to the armed forces.
Technical Services, providing engineering and logistical support to both the
defence and civil sectors in the UK.
Engineering and Plant Services supplying design, installation and maintenance
support to the energy sector in Africa and the US. It also holds the Volvo
franchise for construction equipment in Southern Africa.
Rail, providing design, renewal and installation services for the UK rail
infrastructure.
Networks, supporting the design, maintenance and renewal of power transmission
and cellular telecommunications networks in the UK.
Babcock's head office is in London and the Company's shares are quoted on the
London Stock Exchange in the support services sector (EPIC:BAB). For further
information, please visit Babcock's website at www.babcock.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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