Associated British Engineering : ABE Report and Accounts for period ended 3 April 2017

A •B •E

• ASSOCIATED BRITISH ENGINEERING PLC •

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

3 APRIL 2017

ASSOCIATED BRITISH ENGINEERING PLC Company Registration No. 00110663 (England and Wales) REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 3 APRIL 2017 CONTENTS Page

Financial highlights 1

Chairman's statement 2

Directors' report 3

Strategic report 7

Report of the independent auditor - Group 11

Group accounting policies 16

Group income statement 23

Group statement of comprehensive income 24

Group statement of financial position 25

Group statement of changes in equity 26

Group cash flow statement 27

Notes to the Group financial statements 28

Company statement of financial position 44

Company statement of changes in equity 45

Company cash flow statement 46

Notes to the company financial statements 47

Statement of directors' responsibilities 53

Corporate governance report 54

Directors' remuneration report 60

Directors, registered office and advisers 63

The Directors' Report on pages 3 to 6 and the Directors' Remuneration Report on pages 60 to 62 have each been drawn up in accordance with the requirements of English law and liability in respect thereof is also governed by English law. In particular, the responsibility of the directors for these reports is owed solely to Associated British Engineering plc.

The directors submit to the members their Report and Accounts for the Group for the period ended 3 April 2017. Pages 1 to 10 and 53 to 60, including the Financial Highlights, Chairman's Statement, Directors' Report, Strategic Report, Corporate Governance Report, Directors' Remuneration Report and the Directors, Registered Office and Advisers page form part of the Report of the Directors.