Ardagh Glass Finance plc - Irish Stock Exchange

ooking additional cost associated with the Redfearn Glass acquisition which completed in May
2005.
Net Finance Expense
Net finance expense was A53.0 million, in the twelve-month period ended December 31, 2007
compared to A26.4 million in the twelve-month period ended December 31, 2006, an increase of
A26.6 million. This increase is as a result of the new A310 million 7.125% senior notes due 2017 and
also the additional senior debt which was put in place to help part fund the Rexam Acquisition.
Tax on Profit on Ordinary Activities
Tax on profit on ordinary activities was a credit of A0.2 million in the twelve-month period ended
December 31, 2007 as compared with a credit of A6.2 million in the twelve-month period ended
December 31, 2006, a decrease of A6.0 million. The low level of tax charge reflects the availability of
tax losses forward from prior years as well as the Ardagh policy of locating debt within the operating
businesses to maximize interest relief.
Profit for the Year
Profit for the financial year was A4.6 million compared with a loss in 2006 of A16.7 million, an
improvement of A21.3 million as a result of the items explained above.
Liquidity and Capital Resources
Cash Requirements Related to Operations
Ardagh’s principal sources of cash are cash generated from operations and external financings,
including borrowings and revolving credit facilities.
Ardagh’s principal funding arrangements include borrowings available under the Amended and
Restated Anglo Irish Senior Secured Credit Facility, the GE Commercial Finance Facility and the HVB
(Bayerische Hypo- und Vereinsbank) Working Capital and Performance Guarantee Credit Lines. These
and other sources of external financing are described further under ‘‘Description of Other
Indebtedness’’.
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