20th Oct 2005 09:00
Babcock International Group PLC20 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 afurther detailed update of the impact of International Financial ReportingStandards (IFRS) on its accounts, following the Group's previous statement madein 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'swebsite 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 fixedinfrastructure and mobile assets. Babcock integrates labour, technicalcapabilities, systems and supply chain partners to meet the outsourcing needs ofcustomers 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, Networksand Health , Safety and Environmental to the Group The Group operates across five core business segments: Defence Services, supplying facilities management, equipment support andtraining services to the armed forces. Technical Services, providing engineering and logistical support to both thedefence and civil sectors in the UK. Engineering and Plant Services supplying design, installation and maintenancesupport to the energy sector in Africa and the US. It also holds the Volvofranchise for construction equipment in Southern Africa. Rail, providing design, renewal and installation services for the UK railinfrastructure. Networks, supporting the design, maintenance and renewal of power transmissionand cellular telecommunications networks in the UK. Babcock's head office is in London and the Company's shares are quoted on theLondon Stock Exchange in the support services sector (EPIC:BAB). For furtherinformation, please visit Babcock's website at www.babcock.co.uk. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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