REG - SIG PLC - SIG plc Half Year Results <Origin Href="QuoteRef">SHI.L</Origin> - Part 5

SIGAnnouncement

08/08/2017 07:07

- Part 5: For the preceding part double click  ID:nRSH3384Nd 

                                                                                                                                                                                                                                      
 Statutory gross margin for the period ended 30 June 2017                            24.5%             29.7%          1.4%                  12.2%    25.3%  25.8%    25.4%         27.6%   26.4%    20.0%   25.8%    36.8%             27.4%            26.4%  
 Impact of non-core businesses                                                       -                 (0.4)%         20.6%                 (12.2)%  0.7%   -        0.6%          -       0.2%     -       -        -                 0.1%             0.4%   
 Underlying gross margin for the period ended 30 June 2017                           24.5%             29.3%          22.0%                 n/a      26.0%  25.8%    26.0%         27.6%   26.6%    20.0%   25.8%    36.8%             27.5%            26.8%  
                                                                                                                                                                                                                                                               
 Statutory gross margin for the period ended 30 June 2016                            26.3%             29.9%          13.9%                 21.0%    26.7%  25.9%    26.7%         27.9%   26.2%    20.3%   25.2%    36.8%             27.4%            27.0%  
 Impact of non-core businesses                                                       -                 (0.4)%         (0.8)%                (21.0)%  0.4%   -        0.3%          -       0.3%     -       -        -                 0.1%             0.2%   
 Underlying gross margin for the period ended 30 June 2016                           26.3%             29.5%          13.1%                 n/a      27.1%  25.9%    27.0%         27.9%   26.5%    20.3%   25.2%    36.8%             27.5%            27.2%  
                                                                                                                                                                                                                                                                 
 
 
* Other represents gross margin from Carpet & Flooring, Middle East and Drywall Qatar (Note 6). 
 
INDEPENDENT REVIEW REPORT TO SIG PLC 
 
We have been engaged by the Company to review the condensed set of financial statements in the half-yearly financial report
for the six months ended 30 June 2017 which comprises the Condensed Consolidated Income Statement, the Condensed
Consolidated Statement of Comprehensive Income, the Condensed Consolidated Balance Sheet, the Condensed Consolidated
Statement of Changes in Equity, the Condensed Consolidated Cash Flow Statement and related Notes 1 to 17. We have read the
other information contained in the half-yearly financial report and considered whether it contains any apparent
misstatements or material inconsistencies with the information in the condensed set of financial statements. 
 
This report is made solely to the Company in accordance with International Standard on Review Engagements (UK and Ireland)
2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing
Practices Board. Our work has been undertaken so that we might state to the Company those matters we are required to state
to it in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company, for our review work, for this report, or for the conclusions we
have formed. 
 
Directors' responsibilities 
 
The half-yearly financial report is the responsibility of, and has been approved by, the Directors. The Directors are
responsible for preparing the half-yearly financial report in accordance with the Disclosure and Transparency Rules of the
United Kingdom's Financial Conduct Authority. 
 
As disclosed in Note 1, the annual financial statements of the Group are prepared in accordance with IFRSs as adopted by
the European Union. The condensed set of financial statements included in this half-yearly financial report has been
prepared in accordance with International Accounting Standard 34 "Interim Financial Reporting" as adopted by the European
Union. 
 
Our responsibility 
 
Our responsibility is to express to the Company a conclusion on the condensed set of financial statements in the
half-yearly financial report based on our review. 
 
Scope of review 
 
We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 "Review of
Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board
for use in the United Kingdom. A review of interim financial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review procedures. A review is
substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland)
and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be
identified in an audit. Accordingly, we do not express an audit opinion. 
 
Conclusion 
 
Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial
statements in the half-yearly financial report for the six months ended 30 June 2017 is not prepared, in all material
respects, in accordance with International Accounting Standard 34 as adopted by the European Union and the Disclosure and
Transparency Rules of the United Kingdom's Financial Conduct Authority. 
 
Deloitte LLP 
 
Statutory Auditor 
 
Leeds, United Kingdom 
 
7 August 2017 
 
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