PA Group Annual Report 2007
REPORT OF THE DIRECTORS
The directors present their annual report together with the
financial statements of the company and the group for the
year ended 31 December 2007.
PRINCIPAL ACTIVITIES (2006: profit £3,076,000 transferred consideration should be given to
The activities of the group remain to reserves). their aptitudes and abilities. Copies
principally those of providing of the annual report are available to
information to the media and other CHARITABLE DONATIONS all employees. Staff are also involved,
customers. During the year the group made through their elected representatives,
charitable donations totalling £25,000 in the conduct of the group’s main
BUSINESS REVIEW (2006: £12,000). pension scheme.
The group is required to set out in
this report a fair review of the DIRECTORS POLICY AND PAYMENT
business during the financial year ended The following were directors of the OF CREDITORS
31 December 2007. Further information company during the period: Terms of payment are agreed at the
regarding the group, including important commencement of business and
events and its progress during the Sir Harry Roche (Chairman) payments are made in accordance with
year and likely future developments is Mr PJ Potts (Group Chief Executive) those terms or other legal obligations.
contained in the Chairman’s statement Mrs S Bailey At 31 December 2007 the group
and Group Chief Executive’s statement Mr K Beatty had an average of 48 days (2006: 37
on pages 4 to 9. The information that Mr TJ Bowdler days) purchases outstanding in trade
fulfils the requirements of the Business Mr SJ Brown creditors.
Review (as required by Section 234ZZB Mr C Buckley
of the Companies Act 1985), which is Mr GA Crosbie CONTRACTS WITH CUSTOMERS
incorporated in this directors’ report by Mr CH Gregson The nature of the share ownership of
reference can be found on the following Mr LF Hinton PA Group means that there are
pages of this annual report. (resigned 11 December 2007) commercial relationships between
Mr J Murdoch the group and its shareholders. Some
Development and performance during (appointed 13 March 2008) members of the board are also directors
financial year - pages 4 to 9. Mr NJ Teunon of shareholder companies. The board
(resigned 11 January 2008) has established rules to deal with
Position at year-end and key Mr TG Watson conflicts of interest when they arise,
performance indicators – pages 4 to 9. and in such situations the director
EMPLOYEES withdraws from the meeting while the
Operations – pages 6 to 9. Under the group’s general policy of particular matter is discussed. In the
decentralised management, it is the board’s opinion, there are no contracts
Risks and uncertainties – pages 6 to 9. responsibility of the management with customers in which the directors
in each division and subsidiary to have a personal interest that require
RESULTS AND DIVIDEND encourage the involvement and disclosure in the financial statements.
The loss for the financial year was participation of employees in their
£737,000 (2006: profit £5,376,000). companies. Staff are directly involved,
The directors do not recommend a through their elected representatives
final dividend (2006: £1.3 million, and alongside senior management, in
16.32 pence per share). Dividends Works Councils at each of the group’s
approved in the period of £1.3 million, main sites. It continues to be group
16.32 pence per share (2006: £2.3 policy to provide equal opportunities
million, 28.88 pence per share), were for employment, training and career
paid in the year. The resulting development for all employees.
retained loss of £2,037,000 has been The policy for the employment of
deducted from reserves the disabled is that full and fair
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