Annual Report and Financial Statements 2005
Omega International Group PLC Annual Report and Financial Statements 2005
_cover.qxd  07/04/2006  15:59  Page 1 Corporate Summary
Omega International Group PLC designs, manufactures
and markets high quality, branded, fitted kitchen furniture,
which is sold through independent kitchen specialist
outlets throughout the UK. 
The Group has an unbroken record of growth in turnover 
and pre tax profit since 1998.
C Co on nt te en nt ts s
IFC Corporate Summary
1 Highlights
2 Chairman’s Statement
4 Chief Executive’s Statement
6 Financial Review
8 Directors
10 Directors’ Report
12 Corporate Governance
14 Remuneration Report
17 Independent Auditors’ Report
18 Consolidated Profit and Loss Account
18 Statement of Consolidated Total
Recognised Gains and Losses
19 Balance Sheets
20 Consolidated Cash Flow Statement
21 Accounting Policies
23 Notes to the Financial Statements
33 Five Year Record
33 Financial Calendar
34 Notice of Annual General Meeting
36 Corporate Information
Omega International Group PLC Annual Report and Financial Statements 2005
Sheraton Kitchens, Period Buttermilk Graphical interpretation of enlarged
factory complex after extension in 2006
_cover.qxd  07/04/2006  15:59  Page 2 1
Turnover Growth (£m)
Pre tax Profit (£m)
01 02 03 04 05
01 02 03 04 05
£17.8m
£21.3m
£23.2m
£2.6m
£3.9m
£4.7m
Highlights
Turnover +9% £23.2m (2004: £21.3m)
Pre tax profit +21% £4.7m (2004: £3.9m)
Basic earnings per share +42% 11.8p (2004: 8.3p)
Total dividends per share +20% 1.8p (2004: 1.5p)
Net assets per share +49% 65.8p (2004: 44.2p)
£15.2m
£12.4m
£2.0m
£0.9m
_0_OMG_arf05.qxd  07/04/2006  15:57  Page 1 2
Chairman’s Statement
Robert Murray CBE
Overview
 Turnover a record £23.2m
 Profit before tax of £4.7m
 Earnings per share up 42%
 108,000 sq ft extension to be built in 2006
 New Financial Adviser appointed
Omega International Group PLC Annual Report and Financial Statements 2005
Sheraton Kitchen, Chestnut Shaker
_0_OMG_arf05.qxd  07/04/2006  15:57  Page 2 At the time of our flotation on AIM almost two years ago,
the Board of Directors set themselves objectives to
achieve in the year ending 31 December 2006:
 more than doubling pre tax profits by 2006;
 increasing dividends in line with profit growth;
 remaining debt free to enable self-funding
of growth; and
 increasing net assets per share.
I am pleased to report that the results for the year ended
31 December 2005 surpass those needed to meet these
key objectives.
Turnover for the year to 31 December 2005 grew by 9%
to £23.2m during a period when many commentators
were reporting difficult trading conditions with ‘big ticket’
household goods. Operating profit grew significantly by
15% to £4.7m, whilst gross and operating margin rates
continued to improve, resulting in record earnings.
We believe that we can improve further our operating
margin rate of 20% of turnover, which is already amongst
the best in our industry.
Profit before tax rose by 21% to £4.7m, representing 20%
of net sales.
Earnings per share rose 42% to 11.8p compared with 8.3p
in 2004.
Cash flow remained strong and all bank borrowings
were repaid during the year. Cash at year end totalled
over £2.3m.
The Group’s freehold land and buildings were
professionally valued at year end, resulting in a £3.3m
surplus over the previous carrying values with a total
current value of £12.5m. The Group now has an
exceptionally strong ungeared balance sheet.
Looking to the future, we are now reviewing strategic
alternatives in accordance with our overall objective
of doubling in size over the next five years. To this end,
we have recently expanded our core team of advisors
and appointed ING Corporate Finance to assist the Board
in reviewing its plans. 
We have applied for detailed planning permission to
build a 108,000 sq ft extension to our freehold factory
and offices, which will result in a facility of 315,000 sq ft
by the end of the year. The extension will be funded by
cash balances and operating cash flows. We are also
fitting out an additional 5,500 sq ft of previously built
office space in order to accommodate the staff that will
be needed to service our growth. This expansion gives
the Group ample capacity to allow us to capitalise on
future growth opportunities and further penetrate
our chosen markets.
Current trading is in line with expectations and the
Directors are confident that the recent product launches
and improved distribution will lead to further growth
in volumes, margins and profits.
On behalf of the Group, I would again like to thank all
of our customers and suppliers, as well as our own skilled
and dedicated staff, for their support, commitment and
energy throughout the year.
R S Murray CBE FCCA
Chairman
21 March 2006
3
_0_OMG_arf05.qxd  07/04/2006  15:57  Page 3 4
Chief Executive’s Statement
Francis Galvin
Operational Highlights
 Twelve new kitchens launched in 2005
 Manufacturing and operational productivity improved by 9%
 Further investment in new outlets and displays
 96% of kitchens shipped complete and on time
Omega International Group PLC Annual Report and Financial Statements 2005
Sheraton Kitchen, Gloss Stone Shaker
_0_OMG_arf05.qxd  07/04/2006  15:57  Page 4 Omega designs, manufactures and markets quality
kitchen furniture in the middle to upper market
segments. Its three brands, Sheraton, Omega Kitchens
and Chippendale Kitchens are distributed and sold
through a national network of specialist kitchen
outlets, the majority of which are independent retailers.
The Group continued with its investment in expanding
and strengthening its display base on all three existing
brands by taking on new displaying dealers as well
as adding displays of new kitchen ranges within
existing outlets.
Omega increased its focus on new sales opportunities
particularly in the South where historically its distribution
has not been as concentrated. This ongoing initiative is
gaining further momentum and is making an ever
increasing contribution to the business.
New product development is a key area of growth
for the Group. Twelve new kitchens were launched
during 2005 across all three brands, helping to improve
yields per outlet as well as refreshing the mix of kitchens
on display nationally. In addition, the Omega and
Chippendale kitchen ranges were expanded significantly
during the Autumn so that each now carries 42 different
door styles. This move has benefits for our dealers,
consumers and our manufacturing operations.
Omega works closely with its displaying outlets,
utilising its enlarged national sales force to motivate
an ever increasing number of dealers and their staff
as well as constructing tailored marketing packages
including showroom layouts, staff training, CAD
planning and quotations, product promotions and
support materials. The quality of our business model
combined with our management expertise and a modest
existing market share will allow us to continue with our
growth plans even if overall market growth is constrained.
The operational side of the business also made significant
progress. Production volumes increased by around 9%
in line with sales growth with no material change in our
headcount. An extensive lean manufacturing project was
completed with the help of Yorkshire Forward and this
made a significant contribution to production sequencing.
Most of our shop floor staff received NVQ (Level 2)
qualifications as part of this project.
Service levels remained consistently high, averaging 96%
of all kitchens being despatched complete and on time
to our dealers or their customers’ home addresses.
The Group continues with its successful formula into 2006,
targeting additional new display outlets and further
strengthening the existing display network. Fifteen new
kitchens are being launched into Sheraton this month
increasing the number of kitchens on offer to 54. A new
product development programme for Omega Kitchens
and Chippendale Kitchens is now underway with launches
planned for Summer 2006.
A new Group web site (www.omegaplc.co.uk) is also being
launched in March 2006 offering extensive new features
for the public and the trade.
The Group’s senior management team has made a
significant contribution to our growth in recent years.
In recognition of their achievements to date and their
role in our future growth plans, six senior managers
were promoted to the position of director of Omega PLC,
our trading subsidiary, in December 2005.
Francis Galvin 
Chief Executive
21 March 2006
5
_0_OMG_arf05.qxd  07/04/2006  15:58  Page 5 6
Financial Review
Martin Levitt
Financial Highlights
 Turnover up 9%
 Gross and operating margins increased by 1% of sales
 Operating cash flow of £4.9m
 All borrowings repaid
 Shareholders’ funds now 65.8p per share
Omega International Group PLC Annual Report and Financial Statements 2005
Omega Kitchen, Logica Gloss White
_0_OMG_arf05.qxd  07/04/2006  15:58  Page 6 Trading
Turnover grew by 9% to £23.2m from £21.3m in 2004.
Increased sales volumes at stable prices together with
improved cost controls allowed gross margin to reach
over 48%, up from 47% in 2004. Similarly operating
margin improved to over 20% (2004: 19%) whilst
significantly reduced net interest costs allowed pre tax
profit to rise to over 20% of turnover compared with
18% last year.
Over the last four years, the average annual compound
growth in turnover, operating profit and pre tax profits
has been 17%, 41% and 50% respectively.
Despite significant cost increases within the industry
the Group has been able to negate much of this recent
pricing pressure by improving terms through incremental
business. Since the year end we have successfully
implemented a price increase of around 4% across all
three brands. It has been two years since Omega last
increased prices. These factors along with further
efficiencies in the business should improve gross margins
in 2006.
Cash Flow
Conversion of profits into operating cash flows
was again impressive with the net cash inflows from
operating activities at £4.9m exceeding the level of
operating profits, as in 2004. All bank loans were repaid
during the year and the Group held cash balances of
over £2.3m at 31 December 2005.
Capital expenditure was modest during 2005 at less than
£0.2m; however the planned expansion of the freehold
factory in 2006 will result in a significant increase in
capital expenditure during the coming year.
Property Revaluation
At the year end, the Group’s freehold property, which
has been developed to Institutional Standards at a high
specification in a prime location, was professionally
revalued. Book values have been increased by over
£3.3m to a total value of £12.5m as a result.
Balance Sheet
The repayment of all borrowings, the recognition of
the surplus in the freehold property, retained profit levels
and strong working capital control have all contributed
to what is now an exceptionally strong Group balance
sheet. Ungeared net assets per share are now 65.8p
(2004: 44.2p).
Treasury
The Group currently maintains cash in deposit accounts
bearing variable rates of interest. Money market deposits
are made if these generate better returns.
Following repayment of all debt, the Group’s bankers
have released their charge over the freehold property.
An unsecured overdraft facility of £1.5m is available to
the Group.
Approximately one third of the Group’s purchases of
material are made in Euros. It is the Group’s policy to
purchase Euros using forward options when rates are
favourable, though this hedging policy usually covers
less than the next half year’s purchases. The responsibility
of hedging is delegated to both the Finance and
Operations Directors.
Investor Relations
As part of the re-launch of the Group’s website,
the Investor Relations section is being upgraded.
Specifically, the Group has now formally adopted a
“Social Responsibility and Environmental Policy” and
has set purchasing standards to ensure the appropriate
sourcing of timber. These standards are available
through the new website (www.omegaplc.co.uk).
Martin Levitt FCA
Finance Director
21 March 2006
7
_0_OMG_arf05.qxd  07/04/2006  15:58  Page 7 8
Robert Murray CBE
Non-Executive Chairman (59) 
Bob Murray was a founding Director of Omega.
He is the Chairman of Sunderland AFC and the Chairman
of The Sterling Capitol Group of companies. He is also
a qualified accountant. A Director of The Sunderland
Foundation, he was awarded the CBE in 2002. 
Francis Galvin
Chief Executive (55)
Francis has vast experience in the kitchen industry having
worked in it since 1973. He has specialised in sales and
marketing and over the last three decades has held senior
positions with three of the largest and most successful
kitchen manufacturers, Gower, Moores and The Spring
Ram Group where he progressed to become a main Board
Director. He left to become a founding Director of Omega
in 1992. 
Martin Levitt
Finance Director (55)
Martin qualified as a chartered accountant at Arthur
Andersen in 1976, moving to Andersen’s Leeds office
two years later. In 1985 he was made a worldwide
partner. In 1995 Martin left his position as senior audit
partner to join the Company as Group Finance Director.
Prudence Margaret Leith OBE
Non-Executive Director (66)
Prue was appointed on 1 March 2004. She is also a 
Non-Executive Director of Woolworths Group plc,
with previous Non-Executive appointments including
Whitbread plc, Halifax plc, Safeway plc and British
Railways. She is Chairman of Ashridge Management
College. Prue started Leith’s Good Food, a commercial
catering company, in 1965, Leith’s Restaurant in 1969
and Leith’s School of Food and Wine in 1975. 
Kevin McDonald OBE
Non-Executive Director (72)
Kevin was appointed on 1 March 2004. He began in
the plumbing industry at the age of 23 where he has
since spent his entire working career. He recognised the
potential for the use of plastics in the sector and formed
Bartol Plastics Ltd in 1964 to exploit this. He became the
Managing Director of Hepworth Iron Company’s Plastics
Division after Hepworth acquired Bartol and then left in
1972 to form MacDee Plastics Ltd to manufacture acrylic
baths and cisterns. He co-founded Polypipe plc in 1980,
which made its debut on the Stock Exchange in 1985
valued at £11m. It was acquired by IMI plc in 1999 for
£337m. In 1990 Kevin was named Yorkshire Businessman
of the Year and he was awarded an OBE in 1996. 
Newton Winfield
Operations Director (52)
Newton started in the kitchen industry in 1976 when
he joined Gower Furniture. His initial expertise was in
material sourcing but he has since gained exceptional
experience in factory planning, distribution, and sales
and general administration. For most of the 1980’s he
was in charge of operations at Spring Ram’s ceramic
plant. He then took on the role of Managing Director
of Ram Bathrooms, at that time the market leader
in Europe in the manufacture of acrylic baths. He left
in 1992 to become a founding Director of Omega.
Omega International Group PLC Annual Report and Financial Statements 2005
Board of Directors Omega International Group PLC
From left to right: Newton Winfield, Martin Levitt, Francis Galvin, Bob Murray, Prue Leith, Kevin McDonald
_0_OMG_arf05.qxd  07/04/2006  15:58  Page 8 Graham Brand
Sales Director (41)
Graham is responsible for the field sales activity including
a National Sales team whose main role is to identify, convert
and develop the best independent retailers in the country.
His relevant experience includes nine years at Crosby
Kitchens and a two year role with a distributor of kitchen
and bathroom products. He joined the Group in May 1996. 
Nicholas Hilton
IT Director (30)
Nick is responsible for IT systems. Nick started with Burton
Group PLC as a management trainee, leading into a career
in IT. He joined the Group’s IT department in mid 1996
progressing to IT Manager in 1998. Nick was responsible
for the successful implementation of SAP systems in 2003.
Steve Jessney
Technical Director (53)
Steve is responsible for product design and development,
technical and customer services. He joined the Group in
November 1995 following 25 successful years with several
major furniture manufacturers including Hygena, Moores
Furniture Group, and Bernstein Group PLC. Steve holds
an honours degree in Art and Design (furniture design).
Andrew Mawer
Purchasing Director (46)
Andy is responsible for the Group’s product sourcing
and stock control of all raw materials. He has 25 years
experience in the Kitchen industry having worked with
a number of large manufacturing companies including
Symphony Group and Gower Furniture. He joined the
Group in June 1996.
Brian Pine
Operations Director (53)
Brian is responsible for warehousing, logistics, sales
administration and production planning. He joined the
Group in 2001 from Astracast, a sink manufacturer. He spent
12 years with Ram Kitchens, where he was responsible for
buying and planning, warehouse management and finally
operations management. Prior to that he worked with
Moores Furniture Group, the rigid kitchen manufacturer. 
Michael Procter
Production Director (42)
Mike is responsible for all production activities
and the factory site, including health and safety.
After obtaining an honours degree in Production
Engineering, he worked in automotive component
and can manufacturing before moving to Moores
Furniture Group in 1988. He joined the Group in
June 1997 from J.T. Ellis & co furniture manufacturers.
Directors of Omega PLC
From left to right: Nick Hilton, Andy Mawer, Steve Jessney, Mike Procter, Brian Pine, Graham Brand
9
The Group Board has been supported for several years by the exceptionally strong management team. In recognition
of their achievements to date and their role in our future plans, six senior managers were promoted to the position of
directors of Omega PLC, the Group’s trading subsidiary, in December 2005 to work with the Group Executive Directors.
They are:
_0_OMG_arf05.qxd  07/04/2006  15:58  Page 9 Directors’ Report
10
The Directors present their annual report on the affairs of the Company and the Group for the year ended 31 December 2005.
Principal Activity 
The Group manufactures and markets branded kitchen products.
Review of the Business and Future Developments
Details of the 2005 results and the outlook for the current year are set out in the Chairman’s Statement, the Chief Executive’s
Statement and the Financial Review on pages 2 to 7.
Results and Dividends
The Group profit before tax for the financial year was £4,659,929 (2004: £3,856,956), resulting in profit before dividends of
£3,281,504 (2004: £3,590,786).
The Directors have proposed a final dividend for 2005 of 1.3p per share which, when taken with the interim dividend already
paid of 0.5p per share, totals 1.8p per share (2004: 1.5p) at a total amount of £499,701 (2004: £416,417).
Charitable and Political Donations
The contributions made by the Group during the year for charitable purposes totalled £25,300 (2004: £1,000). This included
£25,000 paid at the request of Kevin McDonald in return for him foregoing his fee as a Non-Executive Director. The Group
made no political contributions (2004: £Nil).
Directors
The Directors of the Company during the year ended 31 December 2005, together with brief biographies, are shown on page 8.
Re-election of Directors
As required by the Articles of Association of the Company, and in accordance with the provisions of the 2003 FRC Combined
Code, all Directors must be re-elected at intervals of not more than three years. As all current Directors have been re-elected
in the last two years, there are no Directors retiring at the forthcoming Annual General Meeting (“AGM”).
Directors’ Remuneration and Interests
The Remuneration Report is set out on pages 14 to 16. It includes details of Directors’ remuneration, interests in the shares of the
Company, share options and pension arrangements. The Company’s Register of Directors’ Interests, which is open to inspection
at the Company’s registered office, contains full details of Directors’ shareholdings and options to subscribe for shares.
The Board’s Corporate Governance Report, including the Statement of Directors’ Responsibilities for the Preparation of Financial
Statements is set out on pages 12 to 13.
Substantial Shareholdings
At 21 March 2006, the Company had received notification that the following are interested in more than 3 per cent of the
issued ordinary share capital of the Company:
%
of shares held
R S Murray Family Trusts 57.42%
F A Galvin 6.09%
N S Winfield 3.60%
F&C Smaller Companies Plc 3.18%
M P Levitt 3.04%
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 10 Employees
The Group places considerable value on the involvement of its employees and has continued its practice of keeping them
informed of matters affecting them as employees and the various factors affecting the performance of the Group. This is
done through a quarterly newsletter, regular meetings of the Elected Council and team briefings.
The Directors recognise that continued and sustained improvement in the performance of the Group depends on its ability to
attract, motivate and retain employees of the highest calibre. Furthermore, the Directors believe that the Group’s ability to sustain
a competitive advantage over the long term depends, in a large part, on ensuring that all employees contribute to the maximum
of their potential. The Group is committed to improving the performance of all employees through development training.
The Group is an equal opportunity employer. The Group’s policies seek to promote an environment free from discrimination,
harassment and victimisation and to ensure that no employee or applicant is treated less favourably on the grounds of gender,
marital status, age, race, colour, nationality or national origin, disability or sexual orientation or is disadvantaged by conditions
or requirements which cannot objectively be justified. Entry into, and progression within the Group, is solely determined on the
basis of work criteria and individual merit.
The Group continues to give full and fair consideration to applications for employment made by disabled persons, having
regard to their respective aptitudes and abilities. The policy includes, where practicable, the continued employment of those
who may become disabled during their employment and the provision of training and career development and promotion,
where appropriate.
Share Scheme
Share ownership is a key part of the Group’s remuneration philosophy and the Directors believe that a major key to the Group’s
future success lies in a motivated management team holding a stake in the Company. Details of share options granted during
the year are set out in the Remuneration Report on page 16.
Policy and Practice on Payment of Creditors
It is the Group’s policy to agree terms and conditions for its business transactions with its suppliers. The Group seeks to abide
by the payment terms agreed with suppliers whenever it is satisfied that the supplier has provided the goods or services in
accordance with the agreed terms and conditions. Where specific credit terms are not negotiated with suppliers, the Group
endeavours to meet such suppliers’ normal terms.
In the year ended 31 December 2005 average creditor days for the Group were 78 days (2004: 88). The Company had no
trade creditors at the year end.
Environment
The Group recognises the importance of environmental responsibility. The nature of its activities has a minimal effect on
the environment but where they do, the Group acts responsibly and is aware of its obligations at all times.
Financial Instruments
Full details of the Group’s risk management objectives and policies and its exposure to financial risk are set out in Note 16
to the financial statements on pages 28 and 29.
Annual General Meeting
The next AGM of the Company will be held on 7 June 2006. Details of the business to be proposed at the AGM are contained
within the Notice of Meeting, which is set out on pages 34 to 35.
Independent Auditors 
PricewaterhouseCoopers LLP have indicated their willingness to continue in office and a resolution proposing that they be
re-appointed as independent auditors and authorising the Directors to fix their remuneration will be proposed at the AGM.
By order of the Board
Martin Levitt
Company Secretary
21 March 2006
11
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 11 12
Principles of Corporate Governance
As an AIM quoted Company, Omega International Group PLC is not required to comply with the provisions of the 2003
FRC Combined Code. However, the Board recognises the value of good corporate governance as a positive contribution to
the well being of the business and believes in applying these principles in a sensible and pragmatic manner.
Board of Directors
The Board of Directors consists of six members, including a Non-Executive Chairman and two other Independent 
Non-Executive Directors.
The roles of Non-Executive Chairman and Chief Executive Officer are separated and clearly defined. The activities of the Group
are controlled by the Board, which meets throughout the year. There is a formal schedule of matters specifically reserved for
the full Board’s decision, together with a policy enabling Directors to take independent advice in the furtherance of their
duties at the Group’s expense. The Board programme is designed so that Directors have regular opportunity to consider
the Group’s strategy, policies, budgets, progress reports and financial position and to arrive at a balanced assessment of
the Group’s position and prospects.
The Board is assisted by the Company Secretary, who provides a point of reference and regular support for all Directors and senior
managers. He has responsibility for ensuring that Board procedures are followed, for establishing the Group’s corporate
governance policies and for assisting the Board in facilitating compliance by the Company with its legal obligations.
The Board has appointed three standing committees, which are as follows:
The Audit Committee
The committee comprises the two Independent Non-Executive Directors and the Non-Executive Chairman and is chaired by
Bob Murray, in view of his financial experience. Its duties include a comprehensive review of the annual and interim financial
statements before they are presented to the Board for approval. The Audit Committee meets at least twice a year to review
the findings of the external auditors, key accounting policies and judgements. It has unrestricted access to the Company’s
external auditors.
The Remuneration Committee
The committee comprises the two Independent Non-Executive Directors and the Non-Executive Chairman and is chaired by
Prue Leith. It meets at least twice a year and is responsible for making recommendations to the Board on remuneration policy
for Executive Directors and for setting salaries, incentive payments and share options granted.
The Nomination Committee
The committee was established in January 2006 and comprises the two Independent Non-Executive Directors and the 
Non-Executive Chairman, who chairs the committee. Its duties comprise the review of the structure, size, composition and
performance of the Board of Directors and for developing proposals for change when appropriate. The committee meets
when required.
Relations with Shareholders
The Company seeks to ensure that all shareholders are kept informed about the Company and its activities. A comprehensive
annual report and financial statements and an interim report are sent to shareholders and there is frequent dialogue with
institutional investors, including individual and Group presentations following the preliminary and interim announcements.
The AGM is a forum for shareholders’ participation with the opportunity to meet and question Board members including
the Non-Executive Chairman.
Internal Control
The Board of Directors acknowledges its overall responsibility for the Group’s systems of internal control and for monitoring
their effectiveness. The Board has control over strategic, financial and compliance issues and has introduced a structure of
responsibility with appropriate levels of authority. The Board as a whole has continued to review annually the effectiveness
of the Group’s systems of internal control.
The Company’s Directors and varying levels of management have clear responsibilities in ensuring that the control
environment operates efficiently. Clear lines of responsibility are developed through the Group’s organisation structure.
Ethical policies are communicated through all forms of personnel training and via appropriate procedures.
Omega International Group PLC Annual Report and Financial Statements 2005
Corporate Governance
For the year ended 31 December 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 12 Internal Control (continued)
Although no system of internal control can provide absolute assurance against material misstatement or loss, the Group’s
systems are designed to provide reasonable assurance that problems are identified on a timely basis and are dealt with
appropriately. The principal features of the Group’s internal financial control structures can be summarised as follows:
(a)preparation of budgets and forecasts approved by the Board;
(b)monthly management accounts, showing comparisons of actual results against budget and prior year results, are reviewed
by the Board. Variances from budget are thoroughly investigated and are discussed at monthly management meetings;
(c)the Group’s cash flow is monitored against forecast; and
(d)the Board authorises capital expenditure where this is significant.
Going Concern
Under Company law, the Directors are required to consider whether it is appropriate to prepare financial statements on the
basis that the Company and Group are going concerns. As part of its normal business practice, budgets, cash flow forecasts
and longer term financial projections are prepared and in reviewing this information, the Directors are satisfied that the
Company and the Group have adequate resources to enable them to continue in business for the foreseeable future. The
Directors have therefore adopted the going concern basis in the preparation of the financial statements.
Statement of Directors’ Responsibilities
Company law requires the Directors to prepare financial statements for each financial year that give a true and fair view
of the state of affairs of the Company and the Group as at the end of the financial year and of the profit or loss of the Group
for that year.
The Directors confirm that suitable accounting policies have been used and applied consistently as explained on pages 21 to 22
under the heading ‘Accounting Policies’. They also confirm that reasonable and prudent judgements and estimates have been
made in preparing the financial statements for the year ended 31 December 2005, that applicable accounting policies have
been followed and that the financial statements have been prepared on the going concern basis.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the
financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the
Companies Act 1985. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The maintenance and integrity of the Omega website is the responsibility of the Directors; the work carried out by the auditors
does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that
occur to the financial statements after they are initially presented on the website. Legislation in the United Kingdom governing
the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
By order of the Board
Martin Levitt
Company Secretary
21 March 2006
13
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 13 Remuneration Report
14
As an AIM quoted Company, Omega International Group PLC is not required to comply with Schedule 7A of the Companies Act
1985. The following disclosures are made voluntarily. The contents of this report are unaudited unless clearly identified as audited.
The Remuneration Committee comprises the Non-Executive Directors:
Prue Leith (Chair)
Kevin McDonald
Bob Murray
Directors’ Remuneration
Remuneration of Non-Executive Directors
The remuneration of the Non-Executive Directors is determined by the Board.
The Non-Executive Directors do not take part in discussions on their remuneration. Neither the Non-Executive Chairman nor
the other Non-Executive Directors received any pension, share options or other benefits from the Group, nor did they
participate in any of the bonus schemes.
Remuneration of Executive Directors
The main aim of the Company’s Executive pay policy is to secure the skills and experience needed to meet its strategic business
objectives. Furthermore, the Company aims to align the interests of all employees as closely as possible with the interests of
shareholders through share based incentives and bonus schemes based on profit.
The Company’s Remuneration Committee decides the remuneration policy that applies to Executive Directors. In setting the policy
it considers a number of factors including:
(a)The basic salaries and benefits available to Executive Directors of comparable companies.
(b)The need to attract and retain Executive Directors of an appropriate calibre.
(c)The need to ensure Executive Directors’ commitment to the continued success of the Group by means of incentive schemes.
The Company’s remuneration policy is to:
(a)Have regard to the Executive Directors’ experience and the nature and complexity of their work in order to pay a
competitive salary that attracts and retains management of the highest quality.
(b)Link individual remuneration packages to the Group’s long term performance through the award of share options and
incentive schemes.
(c)Provide post-retirement benefits through contributions to Executive Directors’ self invested pension schemes.
(d)Provide employment-related benefits including the provision of a company car (or car allowance), fuel, medical and life
insurance and insurance relating to the Executive Directors’ duties.
Salaries
The Remuneration Committee meets at least once a year in order to consider and set the annual salaries for Executive Directors,
having regard to the needs of the Company, individual responsibilities, personal performance and salary survey information.
Pensions (Audited)
The Executive Directors are members of their own defined contribution pension schemes, the assets of which are held
independently of the Group. The amounts contributed by the Group for the year ended 31 December 2005 were £88,883
(2004: £58,613). The Company does not provide any other post-retirement benefits to the Directors.
Contracts of Service
The Executive Directors have contracts of service that can be terminated by either party on 12 months’ notice. If the Company
terminates the contracts by notice but other than on giving full notice, the contracts of service provide for the payment of
a fixed amount equal to the salary and other contractual benefits for the unexpired portion of the appointment or notice
entitlement, as the case may be.
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 14 Directors’ Emoluments (Audited)
The remuneration of the Directors of the Company was as follows:
2 20 00 05 5
B Be en ne ef fi it ts s P Pe en ns si io on n
S Sa al la ar ry y B Bo on nu us s i in n  k ki in nd d c co on nt tr ri ib bu ut ti io on ns s T To ot ta al l 2004
£ £’ ’0 00 00 0 £ £’ ’0 00 00 0 £ £’ ’0 00 00 0 £ £’ ’0 00 00 0 £ £’ ’0 00 00 0 £’000
E Ex xe ec cu ut ti iv ve e  D Di ir re ec ct to or rs s
Francis Galvin 1 14 48 8 4 40 0 2 27 7 3 31 1 2 24 46 6 231
Martin Levitt 1 12 25 5 4 40 0 5 5 3 31 1 2 20 01 1 188
Newton Winfield 1 12 21 1 4 40 0 1 18 8 2 27 7 2 20 06 6 192
3 39 94 4 1 12 20 0 5 50 0 8 89 9 6 65 53 3 611
F Fe ee es s T To ot ta al l
£ £’ ’0 00 00 0 £ £’ ’0 00 00 0
N No on n- -E Ex xe ec cu ut ti iv ve e  D Di ir re ec ct to or rs s
Bob Murray — — — — — — — — — — —
Prue Leith 2 25 5 — — — — — — 2 25 5 21
Kevin McDonald 2 25 5 — — — — — — 2 25 5 21
5 50 0 — — — — — — 5 50 0 42
4 44 44 4 1 12 20 0 5 50 0 8 89 9 7 70 03 3 653
Kevin McDonald has waived his entitlement to the fees above and has asked the Group to instead donate the same amount
to a charity.
The benefits in kind include provision of a company car, where applicable, fuel and private medical insurance for each Director
and their family. Each Executive Director has the flexibility to request different allocations of his total contractual package
between salary, car allowance, pension, etc provided that there is no increased cost, including National Insurance, for the
Group as a result.
Directors’ Interests
Interest in Shares
The interests of the Directors as at 31 December in the shares of the Company were:
2 20 00 05 5 2004
O Or rd di in na ar ry y  s sh ha ar re es s  o of f  1 10 0p p  e ea ac ch h Ordinary shares of 10p each
P Pe er rc ce en nt ta ag ge e  o of f Percentage of
N Nu um mb be er r s sh ha ar re es s  h he el ld d Number shares held
Bob Murray* 1 15 5, ,9 94 40 0, ,0 00 00 0 5 57 7. .4 4% % 15,940,000 57.4%
Francis Galvin 1 1, ,6 69 90 0, ,0 00 00 0 6 6. .1 1% % 1,645,000 5.9%
Martin Levitt 8 84 44 4, ,6 60 00 0 3 3. .0 0% % 814,600 2.9%
Newton Winfield 1 1, ,0 00 00 0, ,4 40 00 0 3 3. .6 6% % 955,400 3.4%
Prue Leith 4 4, ,4 42 25 5 — — 4,425 —
Kevin McDonald 4 4, ,4 42 25 5 — — 4,425 —
1 19 9, ,4 48 83 3, ,8 85 50 0 7 70 0. .2 2% % 19,363,850 69.8%
*Bob Murray’s interests above comprised shares settled by him to family trusts. The above amounts include 10,626,669 (2004: 5,313,333) ordinary
shares of 10p each that are held for the benefit of persons deemed not to be connected to Bob Murray for the purposes of the Companies Act
1985, as amended.
Apart from the interests disclosed above and the interests in share options disclosed on page 16, the Directors had no other
interest in shares of Group Companies.
15
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 15 Remuneration Report (continued)
16
Directors’ Interests (continued)
Share Options (Audited)
At the Remuneration Committee meeting held in June 2005, share options were granted at an exercise price of £1.69 per share
as follows:
Number 
of shares
Francis Galvin 41,667
Martin Levitt 41,667
Newton Winfield 41,667
Each of the Group’s ten senior managers were also granted options at £1.69 per share over 12,500 shares each at the
same time.
These share options cannot be exercised before 22 June 2008 and have an expiry date of 21 June 2015. They are subject
to stringent performance targets based on profit growth.
In addition, each of Francis Galvin, Martin Levitt and Newton Winfield hold options over 85,106 shares exercisable at a price
of £1.13 per share between 29 June 2007 and 28 June 2014, subject to the achievement of stringent performance targets.
The Group’s ten senior managers each also hold options of 25,000 shares under the same terms.
No share options have been granted since 31 December 2005.
Prudence Margaret Leith OBE
Chair of the Remuneration Committee
21 March 2006
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 16 We have audited the group and parent company financial statements (“the financial statements”) of Omega International
Group PLC for the year ended 31 December 2005 which comprise the Consolidated Profit and Loss Account, the Consolidated
and Company Balance Sheets, the Consolidated Cash Flow Statement, the Statement of Consolidated Total Recognised Gains
and Losses and the related notes. These financial statements have been prepared under the accounting policies set out therein.
Respective Responsibilities of Directors and Auditors
The Directors’ responsibilities for preparing the Annual Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) are set out in the
Statement of Directors’ Responsibilities. 
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and
International Standards on Auditing (UK and Ireland). This report, including the opinion, has been prepared for and only for the
Company’s members as a body in accordance with Section 235 of the Companies Act 1985 and for no other purpose. We do not,
in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this report is shown
or into whose hands it may come save where expressly agreed by our prior consent in writing.
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in
accordance with the Companies Act 1985. We also report to you if, in our opinion, the Directors’ Report is not consistent with
the financial statements, if the Company has not kept proper accounting records, if we have not received all the information
and explanations we require for our audit, or if information specified by law regarding Directors’ remuneration and
transactions is not disclosed.
We read the other information contained in the Annual Report, and consider whether it is consistent with the financial
statements. The other information comprises only the Chairman’s Statement, the Chief Executive’s Statement, the Financial
Review, the Directors’ Report, the Corporate Governance Statement, the Remuneration Report and the other items included
in the contents section. We consider the implications for our report if we become aware of any apparent misstatements or
material inconsistencies with the financial statements. Our responsibilities do not extend to any other information.
Basis of Audit Opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices
Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial
statements. It also includes an assessment of the significant estimates and judgements made by the Directors in the preparation
of the financial statements, and of whether the accounting policies are appropriate to the Group’s and Company’s circumstances,
consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in
order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material
misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall
adequacy of the presentation of information in the financial statements.
Opinion
In our opinion the financial statements:
• • give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice, of the state of the
Group’s and the parent Company’s affairs as at 31 December 2005 and of the Group’s profit and cash flows for the year
then ended; and
• • have been properly prepared in accordance with the Companies Act 1985.
PricewaterhouseCoopers LLP
Chartered Accountants and Registered Auditors
Leeds
21 March 2006
Independent Auditors’ Report
To the members of Omega International Group PLC
17
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 17 Consolidated Profit and Loss Account
For the year ended 31 December 2005
18
2 20 00 05 5 2004
Restated
Notes £ £’ ’0 00 00 0 £’000
T Tu ur rn no ov ve er r 1 2 23 3, ,2 20 00 0 21,326
Cost of sales ( (1 12 2, ,0 03 39 9) ) (11,232)
G Gr ro os ss s  p pr ro of fi it t 1 11 1, ,1 16 61 1 10,094
Other operating expenses 2 ( (6 6, ,4 48 81 1) ) (6,007)
O Op pe er ra at ti in ng g  p pr ro of fi it t 3 4 4, ,6 68 80 0 4,087
Net interest payable 5 ( (2 20 0) ) (230)
P Pr ro of fi it t  b be ef fo or re e  t ta ax x 4 4, ,6 66 60 0 3,857
Tax on profit on ordinary activities 6 ( (1 1, ,3 37 78 8) ) (266)
P Pr ro of fi it t  f fo or r  t th he e  f fi in na an nc ci ia al l  y ye ea ar r 3 3, ,2 28 82 2 3,591
Dividends 7 ( (5 55 55 5) ) (1,411)
R Re et ta ai in ne ed d  p pr ro of fi it t  f fo or r  t th he e  y ye ea ar r 20 2 2, ,7 72 27 7 2,180
E Ea ar rn ni in ng gs s  p pe er r  s sh ha ar re e  ( (p pe en nc ce e) )
Basic and diluted 8 1 11 1. .8 8 8.3
All activities of the Group are continuing.
There is no material difference between reported and historical cost profits and losses.
Statement of Consolidated Total Recognised Gains
and Losses
For the year ended 31 December 2005
2 20 00 05 5 2004
Notes £ £’ ’0 00 00 0 £’000
Profit for the financial year 3 3, ,2 28 82 2 3,591
Unrealised surplus on revaluation of freehold land and buildings 20 3 3, ,2 25 55 5 —
T To ot ta al l  r re ec co og gn ni is se ed d  g ga ai in ns s  f fo or r  t th he e  y ye ea ar r 6 6, ,5 53 37 7 3,591
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 18 Group Company
2 20 00 05 5 2004 2 20 00 05 5 2004
Restated Restated
Notes £ £’ ’0 00 00 0 £’000 £ £’ ’0 00 00 0 £’000
F Fi ix xe ed d  a as ss se et ts s
Intangible assets 9 1 14 4 22 — — —
Tangible assets 10 1 14 4, ,6 64 42 2 11,832 — — —
Investments 11 — — — 5 5, ,7 72 23 3 5,723
1 14 4, ,6 65 56 6 11,854 5 5, ,7 72 23 3 5,723
C Cu ur rr re en nt t  a as ss se et ts s
Stocks 12 3 3, ,0 02 20 0 3,125 — — —
Debtors 13 4 4, ,3 35 50 0 3,363 3 3, ,0 00 03 3 3,231
Cash 2 2, ,3 34 40 0 327 — — —
9 9, ,7 71 10 0 6,815 3 3, ,0 00 03 3 3,231
C Cr re ed di it to or rs s: : amounts falling due 
within one year 14 ( (5 5, ,4 46 65 5) ) (4,052) ( (2 22 26 6) ) (57)
N Ne et t  c cu ur rr re en nt t  a as ss se et ts s 4 4, ,2 24 45 5 2,763 2 2, ,7 77 77 7 3,174
T To ot ta al l  a as ss se et ts s  l le es ss s  c cu ur rr re en nt t  l li ia ab bi il li it ti ie es s 1 18 8, ,9 90 01 1 14,617 8 8, ,5 50 00 0 8,897
C Cr re ed di it to or rs s: : amounts falling due 
after more than one year 15 ( (7 78 8) ) (1,806) — — —
P Pr ro ov vi is si io on ns s  f fo or r  l li ia ab bi il li it ti ie es s  a an nd d  c ch ha ar rg ge es s 17 ( (5 55 58 8) ) (535) — — —
N Ne et t  a as ss se et ts s 1 18 8, ,2 26 65 5 12,276 8 8, ,5 50 00 0 8,897
C Ca ap pi it ta al l  a an nd d  r re es se er rv ve es s
Called-up share capital 18 2 2, ,7 77 76 6 2,776 2 2, ,7 77 76 6 2,776
Share premium account 19 1 1, ,5 56 63 3 1,563 1 1, ,5 56 63 3 1,563
Capital redemption reserve 20 3 3, ,0 09 96 6 3,096 3 3, ,0 09 96 6 3,096
Revaluation reserve 20 7 7, ,6 67 73 3 4,440 — — —
Profit and loss account 20 3 3, ,1 15 57 7 401 1 1, ,0 06 65 5 1,462
E Eq qu ui it ty y  s sh ha ar re eh ho ol ld de er rs s’ ’  f fu un nd ds s 21 1 18 8, ,2 26 65 5 12,276 8 8, ,5 50 00 0 8,897
The financial statements on pages 18 to 32 were approved by the Board of Directors on 21 March 2006 and signed on their
behalf by:
M P Levitt
Director
Balance Sheets
31 December 2005
19
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 19 Consolidated Cash Flow Statement
For the year ended 31 December 2005
20
2 20 00 05 5 2004
Notes £ £’ ’0 00 00 0 £’000
N Ne et t  c ca as sh h  i in nf fl lo ow w  f fr ro om m  o op pe er ra at ti in ng g  a ac ct ti iv vi it ti ie es s 22 4 4, ,8 85 59 9 4,878
R Re et tu ur rn ns s  o on n  i in nv ve es st tm me en nt ts s  a an nd d  s se er rv vi ic ci in ng g  o of f  f fi in na an nc ce e
Interest received 1 19 9 2
Interest paid ( (5 52 2) ) (236)
Preference dividends paid — — (1,426)
N Ne et t  c ca as sh h  o ou ut tf fl lo ow w  f fr ro om m  r re et tu ur rn ns s  o on n  i in nv ve es st tm me en nt ts s  a an nd d  s se er rv vi ic ci in ng g  o of f  f fi in na an nc ce e ( (3 33 3) ) (1,660)
T Ta ax xa at ti io on n ( (1 15 52 2) ) (620)
C Ca ap pi it ta al l  e ex xp pe en nd di it tu ur re e  a an nd d  f fi in na an nc ci ia al l  i in nv ve es st tm me en nt t
Purchase of tangible fixed assets ( (1 14 46 6) ) (669)
Sale of tangible fixed assets 1 1 30
Grants received for capital expenditure — — 23
N Ne et t  c ca as sh h  o ou ut tf fl lo ow w  f fo or r  c ca ap pi it ta al l  e ex xp pe en nd di it tu ur re e  a an nd d  f fi in na an nc ci ia al l  i in nv ve es st tm me en nt t ( (1 14 45 5) ) (616)
E Eq qu ui it ty y  d di iv vi id de en nd ds s  p pa ai id d  t to o  s sh ha ar re eh ho ol ld de er rs s ( (4 41 16 6) ) —
N Ne et t  c ca as sh h  i in nf fl lo ow w  b be ef fo or re e  u us se e  o of f  l li iq qu ui id d  r re es so ou ur rc ce es s  a an nd d  f fi in na an nc ci in ng g 4 4, ,1 11 13 3 1,982
F Fi in na an nc ci in ng g
Issue of shares — — 2,550
Costs of share issue — — (488)
Redemption of preference shares — — (700)
Repayment of bank loans ( (2 2, ,1 10 00 0) ) (1,929)
Repayment of other loan — — (50)
N Ne et t  c ca as sh h  o ou ut tf fl lo ow w  f fr ro om m  f fi in na an nc ci in ng g ( (2 2, ,1 10 00 0) ) (617)
I In nc cr re ea as se e  i in n  c ca as sh h  i in n  t th he e  y ye ea ar r 23 2 2, ,0 01 13 3 1,365
Reconciliation of Net Cash Flow to Movement in Net Cash (Debt)
2 20 00 05 5 2004
Notes £ £’ ’0 00 00 0 £’000
Increase in cash 2 2, ,0 01 13 3 1,365
Net decrease in debt 2 2, ,1 10 00 0 1,979
4 4, ,1 11 13 3 3,344
Net debt at 1 January ( (1 1, ,7 77 73 3) ) (5,117)
N Ne et t  c ca as sh h  ( (d de eb bt t) )  a at t  3 31 1  D De ec ce em mb be er r 23 2 2, ,3 34 40 0 (1,773)
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 20 The Group’s principal accounting policies, all of which have been applied consistently throughout the year and with the
preceding year, except for the adoption of new accounting standards as detailed below, are as follows:
Basis of Accounting
The financial statements have been prepared on the going concern basis under the historical cost convention as modified
by the revaluation of certain tangible fixed assets and in accordance with the Companies Act 1985 and applicable accounting
standards in the United Kingdom.
The Group accounts are a consolidation of the accounts of Omega International Group PLC and all of its subsidiary
undertakings for the year ended 31 December 2005. All inter-Group transactions are eliminated.
Financial Reporting Standard (FRS) 21 ‘Events after the Balance Sheet Date’ has been adopted with effect from 1 January 2005.
FRS 21 requires that dividends not approved before the balance sheet date should be disclosed in the notes to the accounts
rather than being dealt with as an expense in the profit and loss account and a liability in the balance sheet. Accordingly,
the figures for the year ended 31 December 2004 have been restated. The effect is to increase retained profit for that period
by £416,000 and to reduce creditors by a corresponding amount, being the 2004 final ordinary dividend.
The Group has also adopted FRS 22 ‘Earnings per Share’ with effect from 1 January 2005 which requires adjusted earnings per
share figures be disclosed in the notes to the accounts rather than on the face of the profit and loss account. 
Turnover
Turnover comprises the net amount receivable from customers after deducting any discounts for displays or for other
marketing support in respect of the goods and services provided in the normal course of business. Turnover is recognised
once goods are delivered or the services are provided to customers. Turnover excludes VAT. 
Investments
Investments in subsidiary undertakings are stated at cost less any provision for impairment. Loans to subsidiaries are classified
as part of the investment when such loans are envisaged to be long term in nature. 
Tangible Fixed Assets
Tangible fixed assets, excluding freehold land and buildings, are stated at the cost of acquisition less any provision for
depreciation. Freehold land and buildings are stated at valuation on an existing use basis. An external professional valuer
performs a full valuation at least every five years and an interim valuation is carried out in the third year after a full valuation.
Interim valuations are also performed where the Directors believe that it is likely that there has been a material change in value.
Revaluation gains are recognised in full through the statement of total recognised gains and losses and credited to the
revaluation reserve.
Depreciation is provided at rates calculated to write off the valuation or cost, less estimated residual value, of each asset
on a straight line basis from the date it is brought into productive use to the end of its expected useful life, as follows:
Freehold buildings 50 years
Plant and equipment 5–10 years
Fixtures and fittings 4–10 years
Computer hardware and software 3–6 years
Freehold land is not depreciated.
Interest on borrowings specifically and exclusively linked to the construction of fixed assets is capitalised as part of the
cost of the asset until practical completion occurs.
Intangible Fixed Assets
Intangible fixed assets comprise trademarks and similar rights and assets and are carried at cost less amortisation.
Amortisation is provided on a straight-line basis over the useful economic life of the asset which has been taken as five years.
Accounting Policies
21
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 21 Accounting Policies (continued)
22
Stocks
Stocks are stated at the lower of cost and net realisable value. 
Cost is the purchase cost, including transport, for raw materials, together with a proportion of manufacturing overheads based
on normal levels of activity, for work in progress and finished goods.
Net realisable value is based on estimated normal selling price, less further costs expected to be incurred to completion
and sale. Provision is made for obsolete, slow-moving or defective items where appropriate.
Taxation
The charge for tax is based on the profit for the year and takes into account tax deferred or accelerated because of timing
differences between the treatment of certain items for accounting and tax purposes. Full provision is made for deferred tax
resulting from timing differences between profits computed for tax purposes and profits stated in the financial statements to
the extent that there is an obligation to pay more tax, or a right to pay less tax, in the future as a result of the reversal of those
timing differences. Deferred tax assets are recognised to the extent that they are expected to be recoverable. Deferred tax is
not discounted.
Government Grants
Government grants are recognised in the profit and loss account so as to match them with the expenditure towards which they
are intended to contribute. To the extent that the grants received are intended as a specific reduction against certain tangible
fixed assets, they are recognised in the profit and loss account over the expected useful economic life of the related tangible
fixed asset.
Pension Benefits
The Group provides pension benefits to its employees through contributions to defined contribution Group personal pension
policies. The amounts charged to the profit and loss account are the contributions payable in the period.
Leases
Rentals under operating leases are charged on a straight line basis over the lease term.
Foreign Currency
Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. Monetary assets and liabilities
denominated in foreign currency are retranslated at either the rate of exchange at 31 December or at the contracted rate where
the transaction is covered by a forward exchange contract. All currency differences are dealt with in the profit and loss account.
Related Party Transactions
In accordance with FRS 8, “Related Party Disclosures”, the Company discloses details, if any, of material transactions between
the reporting entity and related parties. However, transactions between the Company and other Group companies have not
been disclosed in accordance with the exemption in FRS 8 paragraph 3(a).
Share Options
The intrinsic value of share options granted (being the market price at the date of grant less the exercise price) is charged against
profit on a straight line basis over the initial vesting period. An equivalent amount is credited to the profit and loss reserve.
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 22 1. Segmental Information
Turnover, operating results and net assets are derived from within the United Kingdom and are from the Group’s principal
activity. Turnover for the year ended 31 December 2005 includes exports of £1,902 (2004: £1,874).
2. Other Operating Expenses
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Selling and marketing expenses 1 1, ,4 43 38 8 1,361
Distribution costs 2 2, ,0 00 02 2 1,804
Administrative expenses 3 3, ,0 04 41 1 2,842
6 6, ,4 48 81 1 6,007
3. Operating Profit
Operating profit is stated after charging/(crediting):
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Depreciation of tangible fixed assets 5 57 73 3 511
Amortisation of intangible fixed assets 8 8 7
Government grants ( (2 28 8) ) (39)
Loss on disposal of fixed assets 5 5 14
Operating lease charges – motor vehicles 1 15 55 5 166
Foreign currency gains ( (1 12 24 4) ) (107)
Auditors’ remuneration – audit services 2 24 4 20
– other services 1 10 0 22
Staff costs (Note 4) 5 5, ,0 02 25 5 4,504
Included within auditors’ remuneration is £500 (2004: £500) for the Company. 
The other services charged by the auditors were in connection with corporate tax advice and compliance (£7,025), the Interim
Statement (£2,000) and sundry advice (£1,000). 
4. Staff Costs
The aggregate payroll costs of employees, including Directors, were:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Wages and salaries 4 4, ,3 38 88 8 3,970
Social security costs 4 46 61 1 395
Other pension costs 1 17 76 6 139
5 5, ,0 02 25 5 4,504
The average weekly number of persons employed by the Group during the year was:
2 20 00 05 5 2004
Production 1 10 02 2 102
Operations 5 57 7 57
Other 3 36 6 32
1 19 95 5 191
Directors’ remuneration details (which form part of these audited financial statements) are set out in detail in the sections of
the Remuneration Report titled “Pensions”, “Directors’ Emoluments” and “Share Options”.
Notes to the Financial Statements
For the year ended 31 December 2005
23
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 23 Notes to the Financial Statements (continued)
For the year ended 31 December 2005 
24
5. Net Interest Payable
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Interest payable on bank loans, overdrafts and similar borrowings 4 44 4 232
Interest income on cash deposits ( (2 24 4) ) (2)
2 20 0 230
6. Tax on Profit On Ordinary Activities
a) Analysis of Charge in Year
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
C Cu ur rr re en nt t  t ta ax x
UK corporation tax on profits of the year 1 1, ,3 39 91 1 188
Adjustment for prior years ( (3 36 6) ) 2
1 1, ,3 35 55 5 190
D De ef fe er rr re ed d  t ta ax x
Deferred tax at 30% (Note 17) 1 18 8 71
Adjustment for prior years (Note 17) 5 5 5
2 23 3 76
Tax on profit on ordinary activities 1 1, ,3 37 78 8 266
b) Factors Affecting Tax Charge for the Year
The current taxation assessed for the year is lower than the standard rate of 30% as set out below:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Profit on ordinary activities before taxation 4 4, ,6 66 60 0 3,857
Profit on ordinary activities multiplied by the standard rate of corporation tax
in the UK of 30% (2004: 30%) 1 1, ,3 39 98 8 1,157
Expenses not deductible for tax purposes 2 26 6 25
Capital allowances in excess of depreciation ( (1 13 3) ) (65)
Short term timing differences ( (5 5) ) (6)
Statutory deduction for exercise of share options — — (900)
Effect of small companies and marginal tax rates ( (1 15 5) ) (23)
Adjustment in respect of prior years ( (3 36 6) ) 2
1 1, ,3 35 55 5 190
c) Factors That May Affect Future Current Tax Charges
Future tax charges are expected to approximate to profit multiplied by the standard rate of corporation tax.
7. Dividends
2 20 00 05 5 2004
Restated
£ £’ ’0 00 00 0 £000
Ordinary dividends
– Final dividend of 1.5p per share for 2004 4 41 16 6 —
– Interim dividend of 0.5p per share for 2005 1 13 39 9 —
Non-equity preference share dividends — — 1,411
5 55 55 5 1,411
The Directors have proposed a final dividend of 1.3p per share payable on 7 July 2006, making a total of 1.8p per share for
2005 (2004: 1.5p per share).
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 24 8. Earnings Per Share
2 20 00 05 5 2004
E Ea ar rn ni in ng gs s  p pe er r  s sh ha ar re e
Basic and diluted 1 11 1. .8 8p p 8.3p
A Ad dj ju us st te ed d  e ea ar rn ni in ng gs s  p pe er r  s sh ha ar re e
Basic and diluted 1 11 1. .8 8p p 10.2p
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average
number of shares in issue during each year.
Diluted earnings per share reflect the adjustment of the weighted average number of ordinary shares in issue to assume
conversion of all dilutive potential ordinary shares, being certain outstanding share options.
The number of shares has been adjusted to calculate earnings per share as though the 10 for 1 share split on 13 April 2004 had
been in effect throughout 2004.
2 20 00 05 5 2004
Weighted average number of shares:
For basic earnings per share 2 27 7, ,7 76 61 1, ,1 15 50 0 26,356,537
Share options dilution 1 14 48 8, ,4 43 36 6 48,510
For diluted earnings per share 2 27 7, ,9 90 09 9, ,5 58 86 6 26,405,047
A reconciliation of the earnings attributable to ordinary shareholders used in the calculation of basic and diluted earnings per
share is as follows:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Profit for the period 3 3, ,2 28 82 2 3,591
Dividends – non equity — — (1,411)
Basic earnings 3 3, ,2 28 82 2 2,180
Adjusted basic and diluted earnings per share have been calculated so as to exclude certain one-off items that arose during
2004 in connection with the Company’s admission to the Alternative Investment Market. Adjusted earnings per share are
provided in order that the effect of these one-off items can be fully appreciated. 
Adjusted earnings used in the calculation of basic and diluted earnings per share reconciles to basic earnings as follows:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Basic earnings (as above) 3 3, ,2 28 82 2 2,180
Exceptional tax credit generated by the exercise 
of Directors’ share options immediately prior to flotation — — (900)
Deferred preference dividend payable on flotation — — 1,400
Adjusted earnings for the period 3 3, ,2 28 82 2 2,680
25
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 25 Notes to the Financial Statements (continued)
For the year ended 31 December 2005 
26
9. Intangible Fixed Assets
Intangible fixed assets comprise trademarks and similar rights and assets. The movement during the year was:
Group
£’000
C Co os st t
A As s  a at t  1 1  J Ja an nu ua ar ry y  a an nd d  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 4 41 1
A Am mo or rt ti is sa at ti io on n
As at 1 January 2005 19
Charge for the year 8
A As s  a at t  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 2 27 7
N Ne et t  b bo oo ok k  v va al lu ue e
A As s  a at t  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 1 14 4
As at 31 December 2004 22
Intangible fixed assets are being amortised over five years.
10. Tangible Fixed Assets
Group
Freehold land Office fittings Plant and 
and buildings and equipment equipment Total
£’000 £’000 £’000 £’000
C Co os st t  o or r  v va al lu ua at ti io on n
As at 1 January 2005 9,400 1,534 3,252 14,186
Additions — 101 38 139
Disposals — (115) — (115)
Revaluation 3,100 — — 3,100
A As s  a at t  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 1 12 2, ,5 50 00 0 1 1, ,5 52 20 0 3 3, ,2 29 90 0 1 17 7, ,3 31 10 0
D De ep pr re ec ci ia at ti io on n
As at 1 January 2005 100 902 1,352 2,354
Charge for the year 50 193 330 573
Disposals — (109) — (109)
Revaluation (150) — — (150)
A As s  a at t  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 — — 9 98 86 6 1 1, ,6 68 82 2 2 2, ,6 66 68 8
N Ne et t  b bo oo ok k  v va al lu ue e
3 31 1  D De ec ce em mb be er r  2 20 00 05 5 1 12 2, ,5 50 00 0 5 53 34 4 1 1, ,6 60 08 8 1 14 4, ,6 64 42 2
31 December 2004 9,300 632 1,900 11,832
The freehold property at Omega Boulevard, Thorne, Doncaster was valued by external valuers, Sanderson Weatherall,
Chartered Surveyors, as at 31 December 2005 on the basis of Existing Use Value, in accordance with the Appraisal and
Valuation Manual of the Royal Institution of Chartered Surveyors. On a historical cost basis, freehold land and buildings 
would be carried at £4,823,697 (2004: £4,852,197).
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 26 11. Investments
Investments represent the Company’s holding in the entire issued share capital of Omega PLC. Omega PLC is registered and
operates in England and has issued share capital of 50,000 £1 A ordinary shares and 1,750 £1 B ordinary shares. The principal
activity of Omega PLC is the manufacture and marketing of branded consumer products. Omega PLC has a number of wholly
owned dormant subsidiaries, as follows:
Country of Principal Issued 
incorporation activity share capital
Charles Rennie Mackintosh Limited England Dormant 1, £1 ordinary share
Chippendale Kitchens Limited England Dormant 1, £1 ordinary share
Frank Lloyd Wright Limited England Dormant 1, £1 ordinary share
George Hepplewhite Limited England Dormant 2, £1 ordinary shares
Hepplewhite Kitchens Limited England Dormant 2, £1 ordinary shares
Kitchens UK Limited England Dormant 1, £1 ordinary share
Omega Kitchens Limited England Dormant 1, £1 ordinary share
Sheraton Kitchens Limited England Dormant 1, £1 ordinary share
Thomas Chippendale Limited England Dormant 1, £1 ordinary share
Thomas Hope Limited England Dormant 2, £1 ordinary shares
Thomas Sheraton Limited England Dormant 2, £1 ordinary shares
The investment in Omega PLC and its subsidiaries comprises:
Company
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Cost of shares and loan notes 4 4, ,3 35 52 2 4,352
Loan to Omega PLC 1 1, ,3 37 71 1 1,371
5 5, ,7 72 23 3 5,723
12. Stocks
Group
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Raw materials 1 1, ,4 45 58 8 1,496
Work in progress 2 24 47 7 229
Finished goods 1 1, ,3 31 15 5 1,400
3 3, ,0 02 20 0 3,125
In the opinion of the Directors the replacement cost of stock is not materially different from its book value.
13. Debtors
Group Company
2 20 00 05 5 2004 2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000 £ £’ ’0 00 00 0 £’000
Amounts falling due within one year:
Trade debtors 4 4, ,0 00 04 4 3,091 — — —
Amounts due from subsidiary undertaking — — — 3 3, ,0 00 03 3 3,231
Prepayments and accrued income 3 34 46 6 272 — — —
4 4, ,3 35 50 0 3,363 3 3, ,0 00 03 3 3,231
27
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 27 Notes to the Financial Statements (continued)
For the year ended 31 December 2005 
28
14. Creditors: Amounts Falling Due Within One Year
Group Company
2 20 00 05 5 2004 2 20 00 05 5 2004
Restated Restated
£ £’ ’0 00 00 0 £’000 £ £’ ’0 00 00 0 £’000
Bank loans — — 400 — — —
Trade creditors 2 2, ,8 84 41 1 2,287 — — —
Corporation tax payable 1 1, ,3 39 91 1 188 4 46 6 40
Social security and PAYE 1 16 64 4 157 — — —
VAT 4 46 65 5 632 — — —
Accruals and deferred income 4 46 65 5 388 4 41 1 17
Ordinary dividends payable 1 13 39 9 — 1 13 39 9 —
5 5, ,4 46 65 5 4,052 2 22 26 6 57
15. Creditors: Amounts Falling Due After More Than One Year
Group
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Bank loan — — 1,700
Deferred income 7 78 8 106
7 78 8 1,806
Deferred income relates to a capital grant received under the Invest for Growth Scheme. It is being released to the profit and
loss account over the period in which the related fixed assets are being depreciated.
The bank loan was repaid in full during 2005.
16. Financial Instruments
The Group’s financial instruments comprise cash, bank loans and overdrafts and various items, such as debtors and creditors,
that arise from its operations. The Group also enters into forward foreign currency option contracts, the purpose of which
is to manage the currency risks arising from the Group’s operations.
The main financial risks arising from the Group’s financial instruments are interest rate risk, liquidity risk and foreign currency risk.
The Directors review and agree policies for managing each of these risks. It is the Group’s policy that no trading in financial
instruments should be undertaken. The year end positions reflect this policy and there have been no changes in the policy since
31 December 2005.
• • L L i i q q u u i i d d i i t t y y  R R i i s s k k : :  Through cash flow forecasting, daily monitoring and monthly review the Group monitors working
capital and capital expenditure requirements. Liquidity risk is further managed by the agreement of term loans and working
capital facilities, when necessary.
• • I I n n t t e e r r e e s s t t  R R a a t t e e  R R i i s s k k : :  The Group finances its operations through a combination of shareholders’ funds and, when
appropriate, bank overdrafts. The Group’s current overdraft facility has floating rates of interest that manage the Group’s
exposure to interest rate fluctuations.
• • F F o o r r e e i i g g n n  C C u u r r r r e e n n c c y y  R R i i s s k k : :  Approximately a third of the Group’s purchases of raw materials are from continental Europe.
These purchases are mostly priced and invoiced in Euros. The Group’s policy is to reduce currency exposures on purchases,
if appropriate, through the use of forward currency option contracts.
The Group has taken advantage of the exemption under FRS 13, to exclude short term trade debtors and trade creditors from
the following disclosures (all of which relate to the Group), with the exception of the currency risk exposure analysis.
Interest Rate Risk of Financial Assets
The Group has no financial assets, other than short term debtors and cash on hand. Cash on hand is held in bank accounts
at floating rates of interest. At 31 December 2004, financial liabilities of £2,100,000 in the form of a bank loan carried floating
rates of interest.
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 28 16. Financial Instruments (continued)
Borrowing Facilities
The Group’s various undrawn committed borrowing facilities, in respect of which all conditions precedent had been met, were
as follows:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
W Wo or rk ki in ng g  c ca ap pi it ta al l  f fa ac ci il li it ty y
Expiring within one year 1 1, ,5 50 00 0 1,500
Currency Risk
The table below shows the financial liabilities of the Group that are denominated in Euros and may therefore give rise to
exchange gains and losses in the profit and loss account.
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
C Cu ur rr re en nc cy y  o of f  G Gr ro ou up p  o op pe er ra at ti io on n: :
Sterling 5 59 95 5 543
Fair Value of Financial Liabilities
There was no material difference between the book value and the fair value of the Group’s financial assets and liabilities
at both balance sheet dates.
Hedges
As explained on page 28, the Group’s policy is to reduce currency exposures on purchases, if appropriate, through the use
of forward currency contracts. Under the Group’s accounting policy, foreign currency liabilities that are hedged by forward currency
contracts are translated at the contracted rates. Consequently, the carrying value of the relevant liability effectively includes the gain
or loss on hedging instrument. Such gains and losses are treated as deferred for the purpose of the table below.
Unrecognised Deferred 
Total net Total net 
Gains Losses gains Gains Losses gains
£’000 £’000 £’000 £’000 £’000 £’000
G Ga ai in ns s  a an nd d  l lo os ss se es s  o on n  h he ed dg ge es s  a at t: :
3 31 1  D De ec ce em mb be er r  2 20 00 05 5 — — — — — — 4 4 — — 4 4
31 December 2004 — — — 1 — 1
At both balance sheet dates, unrecognised and deferred gains on forward currency contracts are recognised in full in the profit
and loss account in the year following.
29
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 29 Notes to the Financial Statements (continued)
For the year ended 31 December 2005 
30
17. Provisions For Liabilities and Charges
This represents deferred taxation.
The movement during the year was:
Group
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
As at 1 January 5 53 35 5 459
Charge for the year 1 18 8 71
Adjustment for prior years 5 5 5
A As s  a at t  3 31 1  D De ec ce em mb be er r 5 55 58 8 535
This represents:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Accelerated capital allowances compared with depreciation in the accounts 6 60 02 2 570
Short term timing differences ( (4 44 4) ) (35)
5 55 58 8 535
No deferred tax liability has been recorded for the revalued element of land and buildings as the Group has no plans to
dispose of those assets in the foreseeable future. The total amount unprovided is £2,030,000 (2004: £1,115,000). The Company
has no unprovided deferred tax.
18. Called-up Share Capital
Authorised Share Capital:
£’000
2 20 00 04 4  a an nd d  2 20 00 05 5: :
68,092,120 ordinary shares of 10p each 6 6, ,8 80 09 9
Allotted, Called-up and Fully Paid Share Capital:
2 20 00 04 4  a an nd d  2 20 00 05 5: :
27,761,150 ordinary shares of 10p each 2 2, ,7 77 76 6
On 21 June 2005, the Company issued options to subscribe for ordinary shares at a price of £1.69 to the Executive Directors
and ten senior managers. In total, options over 250,001 shares were granted with an exercise period, subject to achievement
of the related performance targets, between 22 June 2008 and 21 June 2015. In the prior year options over 505,318 ordinary
shares had been granted at a price of £1.13, subject to achievement of the related performance targets, between 29 June 2007
and 28 June 2014.
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 30 19. Share Premium Account
Group 
and 
Company
2005
£’000
As at 1 January 2005 and 31 December 2005 1 1, ,5 56 63 3
20. Other Reserves
The movements on reserves during the year were as follows:
Capital Profit 
redemption Revaluation and loss 
reserve reserve account
G Gr ro ou up p £’000 £’000 £’000
As at 1 January 2005, as previously reported 3,096 4,440 (15)
Effect of change in accounting policy for dividends — — 416
As at 1 January 2005, as restated 3,096 4,440 401
Retained profit for the year — — 2,727
Transfer — (22) 22
Revaluation of freehold land and buildings — 3,255 —
Share option expense — — 7
A As s  a at t  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 3 3, ,0 09 96 6 7 7, ,6 67 73 3 3 3, ,1 15 57 7
Capital Profit  
redemption and loss
reserve account
C Co om mp pa an ny y £’000 £’000
As at 1 January 2005, as previously reported 3,096 1,046
Effect of change in accounting policy for dividends — 416
As at 1 January 2005, as restated 3,096 1,462
Retained loss for the year — (404)
Share option expense — 7
A As s  a at t  3 31 1  D De ec ce em mb be er r  2 20 00 05 5 3 3, ,0 09 96 6 1 1, ,0 06 65 5
These accounts do not include a separate profit and loss account for the Company as permitted by Section 230 of the Companies
Act 1985. The Company profit for the year was £150,524 (2004: £640,964).
21. Equity Shareholders’ Funds
The movement on equity shareholders’ funds comprises:
Group Company
2 20 00 05 5 2004 2 20 00 05 5 2004
Restated Restated
£ £’ ’0 00 00 0 £’000 £ £’ ’0 00 00 0 £’000
Profit for the financial year 3 3, ,2 28 82 2 3,591 1 15 51 1 641
Preference dividends — — (1,411) — — (1,411)
Preference share redemptions — — (700) — — (700)
Ordinary dividends ( (5 55 55 5) ) — ( (5 55 55 5) ) —
Share option expense 7 7 3 7 7 3
Revaluation of freehold land and buildings 3 3, ,2 25 55 5 — — — —
Issue of ordinary shares — — 2,550 — — 2,550
Cost of share issue — — (488) — — (488)
Net addition to/(reduction in) equity shareholders’ funds 5 5, ,9 98 89 9 3,545 ( (3 39 97 7) ) 595
As at 1 January 1 12 2, ,2 27 76 6 8,731 8 8, ,8 89 97 7 8,302
A As s  a at t  3 31 1  D De ec ce em mb be er r 1 18 8, ,2 26 65 5 12,276 8 8, ,5 50 00 0 8,897
31
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 31 Notes to the Financial Statements (continued)
For the year ended 31 December 2005
32
22. Reconciliation of Operating Profit to Net Cash Inflow from Operating Activities
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Operating profit 4 4, ,6 68 80 0 4,087
Depreciation and amortisation 5 58 81 1 518
Loss on disposal of fixed assets 5 5 14
Share option expense 7 7 3
Grant released from deferred income ( (2 28 8) ) (39)
Decrease in stocks 1 10 05 5 261
Increase in debtors ( (9 98 82 2) ) (210)
Increase in creditors 4 49 91 1 244
Net cash inflow from operating activities 4 4, ,8 85 59 9 4,878
23. Analysis of Net Cash (Debt)
At 1 January A At t  3 31 1  D De ec ce em mb be er r  
2005 Cash flow 2 20 00 05 5
£’000 £’000 £ £’ ’0 00 00 0
Cash 327 2,013 2 2, ,3 34 40 0
Debt due in more than one year (1,700) 1,700 — —
Debt due in less than one year (400) 400 — —
(1,773) 4,113 2 2, ,3 34 40 0
24. Financial Commitments and Guarantees
a) Capital Commitments
There were no authorised capital commitments at 31 December 2005 (2004: £Nil).
b) Pensions
During the period the Group made contributions to Group pension policies totalling £87,141 (2004: £80,445) and charged
£88,883 (2004: £58,613) in respect of contributions payable to Directors’ self invested pension schemes.
c) Financial Commitments
At 31 December 2005, there were annual commitments under non-cancellable operating leases for motor vehicles expiring
as follows:
2 20 00 05 5 2004
£ £’ ’0 00 00 0 £’000
Within one year 2 21 1 45
Within two to five years 9 96 6 49
1 11 17 7 94
Omega International Group PLC Annual Report and Financial Statements 2005
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 32 2001 2002 2003 2004 2 20 00 05 5
£’000 £’000 £’000 £’000 £ £’ ’0 00 00 0
T Tu ur rn no ov ve er r 12,385 15,224 17,845 21,326 2 23 3, ,2 20 00 0
Cost of sales (7,459) (8,667) (9,922) (11,232) ( (1 12 2, ,0 03 39 9) )
G Gr ro os ss s  p pr ro of fi it t 4,926 6,557 7,923 10,094 1 11 1, ,1 16 61 1
Other operating expenses (3,752) (4,365) (5,018) (6,007) ( (6 6, ,4 48 81 1) )
O Op pe er ra at ti in ng g  p pr ro of fi it t 1,174 2,192 2,905 4,087 4 4, ,6 68 80 0
Interest payable (242) (189) (277) (230) ( (2 20 0) )
P Pr ro of fi it t  o on n  o or rd di in na ar ry y  a ac ct ti iv vi it ti ie es s  b be ef fo or re e  t ta ax x 932 2,003 2,628 3,857 4 4, ,6 66 60 0
Tax on profit on ordinary activities 325 (610) (792) (266) ( (1 1, ,3 37 78 8) )
P Pr ro of fi it t  f fo or r  t th he e  f fi in na an nc ci ia al l  y ye ea ar r 1,257 1,393 1,836 3,591 3 3, ,2 28 82 2
A An nn nu ua al l  G Ge en ne er ra al l  M Me ee et ti in ng g 7 June 2006
P Pa ay ym me en nt t  o of f  f fi in na al l  d di iv vi id de en nd d  f fo or r  2 20 00 05 5 7 July 2006
A An nn no ou un nc ce em me en nt t  o of f  h ha al lf f  y ye ea ar r  r re es su ul lt ts s  f fo or r  2 20 00 06 6 September 2006
A An nn no ou un nc ce em me en nt t  o of f  2 20 00 06 6  r re es su ul lt ts s  March 2007
Five Year Record
33
Financial Calendar
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 33 Notice of Annual General Meeting
34
Notice is hereby given that the Annual General Meeting of Omega International Group plc (the “Company”) will be held at the
offices of the Company, Omega Boulevard, Capitol Park, Thorne, Doncaster, South Yorkshire DN8 5TX on 7 June 2006 at 11.30 am
for the following purposes:
Ordinary Business
1. To receive the accounts and the reports of the Directors and the Independent Auditors and the Remuneration Report for the
financial year ended 31 December 2005.
2. To declare a final dividend for the financial year ended 31 December 2005 of 1.3p per share. 
3. To re-appoint PricewaterhouseCoopers LLP as Independent Auditors of the Company from the conclusion of this Meeting
until the conclusion of the next general meeting at which accounts are laid before the shareholders and to authorise the
Directors to fix the Independent Auditors’ remuneration.
Special Business 
To consider and, if thought fit, pass the following resolutions of which resolution 4 will be proposed as an ordinary resolution
and resolution 5 will be proposed as a special resolution.
4. O O r r d d i i n n a a r r y y  R R e e s s o o l l u u t t i i o o n n
That the Directors be and they are hereby generally and unconditionally authorised to exercise all powers of the Company
to allot relevant securities (within the meaning of section 80 of the Companies Act 1985) up to an aggregate nominal
amount of £925,371 (representing 33% of the Company’s issued share capital) for the period expiring at the conclusion of
the next Annual General Meeting of the Company after the passing of this resolution, (unless previously renewed, varied or
revoked by the Company in general meeting) but the Company may, before such expiry, make an offer or agreement which
would or might require relevant securities to be allotted after such expiry and the Directors may allot relevant securities in
pursuance of that offer or agreement as if the authority conferred by this resolution had not expired.
5. S S p p e e c c i i a a l l  R R e e s s o o l l u u t t i i o o n n
That, subject to the passing of resolution 4, the Directors be and they are hereby generally empowered pursuant to section
95 of the Companies Act 1985 (the “Act”) to allot equity securities (within the meaning of section 94(2) to section 94 (3A)
of the Act) for cash pursuant to the authority conferred by resolution 8 as if section 89(1) of the Act did not apply to the
allotment. This power is limited to:
a. the allotment of equity securities where such securities have been offered (whether by way of a rights issue, open offer
or otherwise) to holders of ordinary shares in the capital of the Company made in proportion (as nearly as may be) to
their existing holdings of ordinary shares but subject in either case to the Directors having a right to make such
exclusions or other arrangements in connection with the offering as they deem necessary or expedient:
(i) to deal with equity securities representing fractional entitlements; and
(ii) to deal with legal or practical problems under the laws of any territory or the requirements of any regulatory body
or stock exchange; and
b. the allotment of equity securities for cash otherwise than pursuant to paragraph (a) up to an aggregate nominal amount
of £138,805 (which represents 5% of the Company’s issued share capital).
and expire at the conclusion of the next Annual General Meeting of the Company after the passing of this resolution
but the Company may, before such expiry, make an offer or agreement which would or might require equity securities
to be allotted after such expiry and the Directors may allot equity securities in pursuance of that offer or agreement as
if the power conferred by this resolution had not expired. 
By order of the Board
M P Levitt
Secretary
21 March 2006
Omega International Group PLC Annual Report and Financial Statements 2005
Registered office:
Omega Boulevard
Capitol Park
Thorne
Doncaster DN8 5TX
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 34 Notes
1. A member entitled to attend and vote at the Meeting is also entitled to appoint a proxy or proxies to attend and, on a poll,
vote instead of him. A proxy need not be a member of the Company. Appointment of a proxy will not preclude a member
from attending and voting in person at the Meeting. 
2. To be effective, the instrument appointing a proxy and any power of attorney or other authority under which it is executed
(or a notarially certified copy of such authority) must be deposited at the Registrars’ office not less than 48 hours before the
time for holding the Meeting. A form of proxy is enclosed with this notice.
3. In the case of joint holders of a share the vote of the senior who tenders a vote, whether in person or by proxy, shall be
accepted to the exclusion of the votes of the other joint holders. For this purpose seniority is determined by the order
in which the names of the holders stand in the register of members in respect of the joint holding. 
4. Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, the time by which a person must be entered
on the register of members in order to have the right to attend and vote at the Annual General Meeting is 48 hours prior to
the time fixed for the Meeting or, if the Meeting is adjourned, such time being not more than 48 hours prior to the time
fixed for the adjourned Meeting. Changes to entries on the register of members after that time will be disregarded in
determining the right of any person to attend or vote at the Meeting.
5. Resolution 4 gives the Directors the authority to allot shares and resolution 5 allows limited allotments on a non-pre-emptive
basis. The Directors have no present intention of using such authority but consider it advisable to have the authority in case
appropriate circumstances arise.
Notice of Annual General Meeting (continued)
35
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 35 36
Board of Directors:
R S Murray CBE FCCA 
F A Galvin 
M P Levitt FCA 
N S Winfield 
P M Leith OBE 
K McDonald OBE 
Company Secretary
M P Levitt FCA
Registered Office
Omega Boulevard
Capitol Park
Thorne
Doncaster
DN8 5TX
Telephone: 01405 743333
Registered Number
3053670
Broker and Nominated Advisor
Evolution Securities Ltd
100 Wood Street
London
EC2V 7AN
Independent Auditors
PricewaterhouseCoopers LLP
Benson House
33 Wellington Street
Leeds
LS1 4JP
Financial Adviser
ING Corporate Finance
ING Bank N.V.
London Branch 
60 London Wall
London 
EC2M 5TQ
Non-Executive Chairman
Chief Executive Officer
Finance Director
Operations Director
Non-Executive Director
Non-Executive Director
Principal Solicitors
Pinsent Masons
1 Park Row
Leeds
LS1 5AB
Prinicpal Bankers
Lloyds TSB Bank PLC
6 Park Row
Leeds
LS1 1NX
Registrar and Transfer Office
Computershare Investor Services PLC
PO Box 82
The Pavilions
Bridgwater Road
Bristol
BS99 7NH
Internet Address
www.omegaplc.co.uk
Omega International Group PLC Annual Report and Financial Statements 2005
Corporate Information
_0_OMG_ARB05.qxd  07/04/2006  15:57  Page 36 Sheraton Kitchens, Mattonella Gloss Stone with Colour Block Burgundy
Sheraton Kitchens, Craftsman Oak Chippendale Kitchens, Cotswold Oak Omega Kitchens, Shaker Natural Oak Omega International Group PLC Annual Report and Financial Statements 2005
_cover.qxd  07/04/2006  15:59  Page 1