Correction of Preliminary Announcement

RNS Number : 9469B

Guinness Peat Group PLC

10 March 2014

 



GUINNESS PEAT GROUP plc
("GPG" or "the Company")

CORRECTION TO PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013

GPG announces that it has identified the following errors in its Preliminary Announcement of Results for the year ended 31 December 2013 released on 25 February 2014 (the "Preliminary Results").

1.       Earnings per share

The earnings per ordinary share from continuing and discontinued operations in the Preliminary Results was shown as 1.57p, whereas the correct figure was 1.62p.  Similarly the loss per ordinary share from continuing operations was reported as 1.53p, whereas the correct figure was 1.58p.

2.       Impact of the adoption of IAS19 (revised) 'Employee Benefits'

In note 1 to the GPG Financial Information  incorrect data were used in the table showing the impact of IAS19 (revised) on the 2013 unaudited results.  The correct data are set out below:

	Correct Data		As Reported
	Year to		Year to
	31 December		31 December
	2013		2013
Increase in operating expenses re administration costs	(6)		(4)
Increase in finance costs	(29)		(24)
Decrease in tax charge	1		1
Increase in net actuarial gains/decrease in net actuarial losses in other comprehensive income	34		27

Chris Healy
Company Secretary
Guinness Peat Group plc

Tel: [phone]

10 March 2014

Enquiry details are:

New Zealand and Australian media:               Geoff Senescall on:     [phone]

UK media:                                                       Kevin Smith on:          [phone]

 

END

 

 

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