Segmental Reporting and Geographical Area Data (Tables)

12 Months Ended

Dec. 31, 2013

The following table analyzes sales and other financial information by the Company’s reportable segments:


(in millions)	2013			2012			2011
Net sales:
Fuel Specialties	$	567.4		$	527.2		$	521.2
Performance Chemicals		192.4			179.6			177.0
Octane Additives		59.0			69.6			76.2

	$	818.8		$	776.4		$	774.4

Gross profit:
Fuel Specialties	$	181.1		$	158.7		$	149.3
Performance Chemicals		46.3			43.8			40.6
Octane Additives		27.8			33.9			36.5

	$	255.2		$	236.4		$	226.4

Operating income:
Fuel Specialties	$	92.7		$	87.6		$	81.7
Performance Chemicals		23.6			24.3			22.6
Octane Additives		21.5			26.0			(22.4	)
Pension credit/(charge)		(2.3	)		(1.6	)		(2.9	)
Corporate costs		(43.4	)		(38.5	)		(29.2	)
Restructuring charge		(0.2	)		(0.2	)		(0.6	)
Impairment of Octane Additives segment goodwill		(1.3	)		(1.2	)		(2.0	)
Profit on disposal, net		0.0			0.1			0.0

Total operating income	$	90.6		$	96.5		$	47.2

Identifiable assets at year end:
Fuel Specialties	$	446.4		$	356.6		$	281.5
Performance Chemicals		176.8			113.4			106.7
Octane Additives		42.0			48.9			51.5
Corporate		128.8			60.5			129.1

	$	794.0		$	579.4		$	568.8

Segment Reporting on Basis of Geographical Location

Goodwill has not been allocated by geographical location on the grounds that it would be impracticable to do so.


(in millions)	2013			2012			2011
Net sales by source:
United States	$	276.1		$	274.1		$	265.6
United Kingdom		502.4			475.1			482.8
Rest of Europe		129.1			142.8			151.7
Other		0.2			0.5			0.9
Sales between areas		(89.0	)		(116.1	)		(126.6	)

	$	818.8		$	776.4		$	774.4

Net sales by destination:
United States	$	278.7		$	272.4		$	248.2
United Kingdom		30.0			38.8			48.5
Rest of Europe		325.5			331.0			304.2
Other		184.6			134.2			173.5

	$	818.8		$	776.4		$	774.4

Income before income taxes:
United States	$	10.0		$	5.6		$	(42.6	)
United Kingdom		43.7			36.3			36.6
Rest of Europe		40.4			52.6			58.2
Impairment of Octane Additives segment goodwill		(1.3	)		(1.2	)		(2.0	)

	$	92.8		$	93.3		$	50.2

Long-lived assets at year end:
United States	$	148.2		$	31.5		$	22.0
United Kingdom		29.4			28.7			32.4
Rest of Europe		11.5			11.5			10.9

	$	189.1		$	71.7		$	65.3

Identifiable assets at year end:
United States	$	291.0		$	174.1		$	123.2
United Kingdom		261.5			192.1			253.8
Rest of Europe		53.2			63.8			49.8
Other		0.4			0.4			0.5
Goodwill		187.9			149.0			141.5

	$	794.0		$	579.4		$	568.8

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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