Segmental Reporting and Geographical Area Data (Tables)

12 Months Ended

Dec. 31, 2014

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


(in millions)	2014			2013			2012
Net sales:
Fuel Specialties	$	682.2		$	567.4		$	527.2
Performance Chemicals		223.5			192.4			179.6
Octane Additives		55.2			59.0			69.6

	$	960.9		$	818.8		$	776.4

Gross profit:
Fuel Specialties	$	219.0		$	181.1		$	158.7
Performance Chemicals		54.4			46.3			43.8
Octane Additives		28.6			27.8			33.9

	$	302.0		$	255.2		$	236.4

Operating income:
Fuel Specialties	$	104.4		$	92.7		$	87.6
Performance Chemicals		25.6			23.6			24.3
Octane Additives		22.6			21.5			26.0
Pension credit/(charge)		(3.3	)		(2.3	)		(1.6	)
Corporate costs		(38.7	)		(43.6	)		(38.6	)
Fair value of contingent consideration		1.9			0.0			0.0
Impairment of Octane Additives segment goodwill		0.0			(1.3	)		(1.2	)

Total operating income	$	112.5		$	90.6		$	96.5

Identifiable assets at year end:
Fuel Specialties	$	676.9		$	446.4		$	356.6
Performance Chemicals		181.0			176.8			113.4
Octane Additives		29.2			42.0			48.9
Corporate		112.8			129.5			60.5

	$	999.9		$	794.7		$	579.4

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)	2014			2013			2012
Net sales by source:
United States	$	468.6		$	276.1		$	274.1
United Kingdom		486.1			502.4			475.1
Rest of Europe		146.9			129.1			142.8
Rest of World		21.4			0.2			0.5
Sales between areas		(162.1	)		(89.0	)		(116.1	)

	$	960.9		$	818.8		$	776.4

Income before income taxes:
United States	$	15.2		$	10.0		$	5.6
United Kingdom		57.8			43.7			36.3
Rest of Europe		39.3			40.4			52.6
Rest of World		(1.4	)		0.0			0.0
Impairment of Octane Additives segment goodwill		0.0			(1.3	)		(1.2	)

	$	110.9		$	92.8		$	93.3

Long-lived assets at year end:
United States	$	197.9		$	148.2		$	31.5
United Kingdom		54.1			29.4			28.7
Rest of Europe		10.4			11.5			11.5
Rest of World		0.6			0.0			0.0

	$	263.0		$	189.1		$	71.7

Identifiable assets at year end:
United States	$	449.3		$	291.7		$	174.1
United Kingdom		216.4			261.5			192.1
Rest of Europe		39.0			53.2			63.8
Rest of World		19.1			0.4			0.4
Goodwill		276.1			187.9			149.0

	$	999.9		$	794.7		$	579.4

- 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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