As reported, turnover fell 9.8% to 428.1m, while operating profit rose 36% to 20.3m and EBITDA rose by 8.6% to 71m. Pre-tax losses for the year increased by 5.8% to 126m.

Figures for Polestar Group show that the highest paid director (who is believed to be chief executive Barry Hibbert) received 761,468, down from 784,360 in 2004, however, intermediate parent company Polestar Corporation recorded a 49% rise in its highest paid director's emoluments from 784,360 to 1,168,676. Finance director Peter Johnstone said that this rise was for undisclosed "work carried above group level on behalf of [parent] Investcorp".

Total directors' emoluments for Polestar Group fell from 3.8m to 2.5m. The fall was largely due to a much-reduced bill for compensation for loss of office down from 1.2m to 200,000.
Staff costs fell from 148.2m to 118.6m and the number of employees fell to 4,154, down from 4,790.

The breakdown was a fall from 432 to 360 in administration, from 4,119 to 3,654 in production and a fall in sales and distribution from 239 to 140.

Polestar results
Equity shareholders funds plunged from last year's figure of -292.2m to -432.1m.

Total borrowings increased to 426m from 348.2m.

Debt including borrowings and pension liabilities increased by 99.6m to 659.2m.

Polestar results
Turnover from continuing operations: 2005: 375.9m 2004: 381.2m (%): -1.4

Operating profit from continuing operations: 2005: 20.3m 2004: 14.9m (%): +36.2

Turnover 2005: 428.1m 2004: 474.7m (%): -9.8

Loss on ordinary activities before interest: 2005: 43.5m 2004: 47.8m (%): -9.0

Loss on ordinary activities before tax: 2005: 126m 2004: 121.9m (%): +5.8

Pension deficit: 2005: 141.7m 2004: 129.5

Total borrowings: 2005: 426m 2004: 348.3m