senior plc
5961 high street
rickmansworth
hertfordshire
wd3 1rh
united kingdom 
tel 44 01923 775547
fax 44 01923 896027
wwwseniorplccom
senior plc annual report  accounts 2002
senior plc annual report  accounts 2002 £1646 million


Summary:
 annual report  accounts 2002 1
financial highlights
year ended 31 december 2002 2001
turnover from continuing operations £3987m £4443m
operating proﬁt from continuing operations
– before exceptional items and goodwill amortisation £247m £340m
– after exceptional items and goodwill amortisation £176m £210m
proﬁt before taxation £70m £95m
free cash ﬂow £252m £286m
net borrowings £874m £1227m
underlying earnings per share 447p 551p
dividend per share 200p 200p
despite difﬁcult trading conditions the group delivered a resilient performance during 2002
and again substantially reduced debt 
we expect 2003 to be another challenging year with manufacturing recession and political
uncertainty continuing 
nevertheless senior is operationally in much better condition to deal with this period of
uncertainty and the lower debt level allows the group to look forward to the future with
renewed conﬁdence
contents
financial highlights 1
chairman’s statement 2
chief executive’s review 4
finance director’s review 8
board of directors 10
ofﬁcers and advisers 10
report of the directors 11
– remuneration 13
– ethical social health safety and environmental policy 17
– corporate governance 19
independent auditors’ report to the members of senior plc 21
group proﬁt and loss account 22
balance sheets 23
group statement of total recognised gains and losses 23
group cash flow statement 24
notes to the accounts 25
five year summary 46
principal group undertakings 47
additional shareholder information 48
2003 financial calendar 48