Source - RNS
RNS Number : 5240L
03 October 2016



AA Plc

AA Intermediate Co Limited Interim results for the six months ended 31 July 2016

In compliance with the requirements of AA Intermediate Co Limited's ('AA Intermediate Co') Class A and Class B notes, interim year results for AA Intermediate Co have been issued to the Irish Stock Exchange. The results are also available on the AA plc website at

AA Intermediate Co Limited is the parent company of the companies that provide security and guarantees under the Whole Business Securitisation ('WBS') financing arrangements entered into by the AA on 2 July 2013. 

AA Intermediate Co Limited's results differ from the results of AA plc that were announced on 28 September 2016.


The material differences relate to the consolidated assets and liabilities as follows:

1.   Inter-company balances, which were £1,212m lower for AA plc than for AA Intermediate Co as all non-trading balances were eliminated in AA plc as part of the 2013 financing

2.   Cash balances, which were £36m higher for AA plc than for AA Intermediate Co as £13m of restricted cash was held at AA plc level for the AA plc group's Insurance Underwriting activities and £23m of available cash held mainly to pay the interim dividend to AA plc shareholders.


While there are some immaterial differences between the revenue and Trading EBITDA of AA Intermediate Co Limited and AA plc, principally due to the Insurance Underwriting segment not being in the AA Intermediate Co Limited group, the trading performance of the companies is substantially comparable





Jill Sherrat, Head of Investor Relations +442073957301

James Curran, Investor Relations Manager +442073957443



Francesca Tuckett, Headland +442038054822

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