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Glossary
SYM
- $
Refers to US dollars unless specified otherwise
- <1 year
Less than 1 year
- >1 year
Greater than 1 year
- 2P
Proven and probable
A
- AFS
-
Available-for-sale
- Associate
-
An entity in which the Group has an equity interest and over which it has the ability to exercise significant influence
B
C
- CER
-
Certified emissions reduction (carbon emissions certificate)
- CERT
-
Carbon emissions reduction target
- CGU
-
Cash generating unit
- CPI
-
Consumer Price Index
E
- EBITDA
-
Earnings before interest, tax, depreciation and amortisation
- EUA
-
European Union allowance (carbon emissions certificate)
F
- FSA
-
Financial Services Authority
- FTSE 100
-
Financial Times Stock Exchange 100 share index, an average of share prices in the 100 largest, most actively traded companies on the London Stock Exchange
- FVLCS
-
Fair value less costs to sell
G
- g CO2/kWh
-
Grammes of carbon dioxide per kilowatt hour
- GFRMC
-
Group Financial Risk Management Committee
- GWh
-
Gigawatt hour
I
- IAS 19
-
The International Accounting Standard related to Employee Benefits. These financial reporting rules include requirements related to pension accounting
- IAS 39
-
The International Accounting Standard related to financial instruments (recognition & measurement)
- IFRS
-
International Financial Reporting Standard
J
- Jointly controlled entity
-
A joint venture which involves the establishment of an entity to engage in economic activity, which the Group controls jointly with its fellow venturers
L
- Level 1
-
Fair value is determined using observable inputs that reflect unadjusted quoted market prices for identical assets and liabilities, for example exchange-traded commodity contracts valued using close-of-day settlement prices. The adjusted market price used for financial assets held by the Group is the current bid price
- Level 2
-
Fair value is determined using significant inputs that may be either directly observable inputs or unobservable inputs that are corroborated by market data, for example over-the-counter energy contracts within the active period valued using broker-quotes or third-party pricing services and foreign exchange or interest rate derivatives valued using market-based data
- Level 3
-
Fair value is determined using significant unobservable inputs that are not corroborated by market data and may be used with internally developed methodologies that result in management's best estimate of fair value, for example energy contracts within the inactive period valued using in-house valuation techniques
- LNG
-
Liquefied natural gas
M
N
P
R
S
- Securities
-
Comprised of Treasury gilts designated at fair value through profit or loss on initial recognition and available-for-sale financial assets. The fair values of securities are based on quoted market prices, when available. If quoted market prices are not available, fair values are estimated using observable market data
- SCT
-
Supplementary charge associated with UK Corporation Tax
- Spark spread
-
The difference between the price of a unit of electricity and the cost of the gas used to generate it
V
-
My Report
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Chairman (65)
Sir Roger Carr
Sir Roger joined the Board as a Non-Executive Director in 2001. He was appointed Chairman of the Board in May 2004 and is Chairman of the Nominations Committee. During 2011, he was appointed president of the CBI and a member of the UK Prime Minister's Business Advisory Group. He remains deputy chairman and senior independent director of the Court of the Bank of England and is also a senior adviser to Kohlberg Kravis Roberts. He has previously held a number of senior appointments including chairman of Mitchells & Butlers plc and Cadbury plc. He is a fellow of the Royal Society for the encouragement of the Arts, Manufacturers and Commerce and a visiting fellow to the Said Business School, Oxford. Throughout his career he has served on a number of external committees including the Higgs Committee on Corporate Governance and Business for New Europe.
Chairman (65)
Chief Executive (56)
Non-Executive Director (55)
Managing Director, British Gas (53)
Non-Executive Director (46)
Senior Independent Director (63)
Managing Director, Centrica Energy (52)
Non-Executive Director (58)
Group Finance Director (44)
Non-Executive Director (55)
Non-Executive Director (55)
Non-Executive Director (57)
Managing Director, North America (48)
Senior Executives
General Counsel & Company Secretary (52)
Group Director, Corporate Affairs (47)
Group Director, Human Resources (46)
Committee Membership
| Audit Committee | Remuneration Committee | Nominations Committee | Corporate Responsibility Committee | Executive Committee | Disclosure Committee | |
|---|---|---|---|---|---|---|
| Sir Roger Carr |  |
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| Sam Laidlaw | |
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| Phil Bentley | |
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| Margherita Della Valle | |
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| Mary Francis CBE | |
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| Mark Hanafin | |
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| Lesley Knox | |
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| Nick Luff | |
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| Andrew Mackenzie | |
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| Ian Meakins | |
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| Paul Rayner | |
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| Chris Weston | |
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| Grant Dawson | |
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| Jill Shedden | |
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- Chairman
- Member
