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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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Group Director, Human Resources (46)
Jill Shedden
Jill was appointed Group Director, Human Resources on 1 July 2011 following the retirement of Anne Minto. Previously she was HR Director for Centrica Energy. She joined British Gas plc as a graduate in 1988 and has since held a wide range of roles across the Group including HR Director for British Gas Business and British Gas Residential.
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
