XML 62 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue and segmental analysis (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of entity's operating segments [Abstract]  
Schedule of operating segments
REPORTING SEGMENTS:
Year ended December 31, 2017
 
 
Gas
Cylinders
 
Elektron
 
Unallocated
 
Total
Continuing
Activities
 
 
 
$M
 
$M
 
$M
 
$M
 
 
Revenue
 

 
 

 
 

 
 

 
 
Segment revenue
220.2

 
221.6

 
—

 
441.8

 
 
Inter-segment revenue
—

 
(0.5
)
 
—

 
(0.5
)
 
 
Revenue to external customers
220.2

 
221.1

 
—

 
441.3

 
 
Result
 

 
 

 
 

 
 
 
 
Adjusted EBITDA
17.3

 
44.5

 
—

 
61.8

 
 
Other share based compensation charges
(1.0
)
 
(1.2
)
 
—

 
(2.2
)
 
 
Loss on disposal of property, plant and equipment
—

 
(0.1
)
 
—

 
(0.1
)
 
 
Depreciation and amortization
(7.6
)
 
(11.4
)
 
—

 
(19.0
)
 
 
Trading profit—segment result
8.7

 
31.8

 
—

 
40.5

 
 
Profit on sale of redundant site
—

 
—

 
0.4

 
0.4

 
 
Restructuring and other expense (Note 5)
(6.6
)
 
(12.7
)
 
(2.3
)
 
(21.6
)
 
 
Operating profit
2.1

 
19.1

 
(1.9
)
 
19.3

 
 
Acquisitions and disposals (Note 5)
—

 
1.3

 
—

 
1.3

 
 
Net interest costs
—

 
—

 
(6.7
)
 
(6.7
)
 
 
IAS 19R retirement benefits finance charge
—

 
—

 
(1.8
)
 
(1.8
)
 
 
Unwind of discount on deferred contingent consideration from acquisitions
—

 
(0.2
)
 
—

 
(0.2
)
 
 
Profit / (loss) on operations before taxation
2.1

 
20.2

 
(10.4
)
 
11.9

 
 
Tax expense
 

 
 

 
 
 
(0.4
)
 
 
Net income for the year
 

 
 

 
 

 
11.5

 
 
Other segment information
 

 
 

 
 

 
 
 
 
Segment assets
150.5

 
207.6

 
44.5

 
402.6

 
 
Segment liabilities
(22.6
)
 
(22.3
)
 
(195.4
)
 
(240.3
)
 
 
Net assets / (liabilities) employed(2)
127.9

 
185.3

 
(150.9
)
 
162.3

 
 
Capital expenditure: Property, plant and equipment
3.5

 
5.7

 
—

 
9.2

 
 
Capital expenditure: Intangible assets
1.4

 
0.3

 
—

 
1.7

 


Year ended December 31, 2016
 
 
Gas
Cylinders
 
Elektron
 
Unallocated
 
Total
Continuing
Activities
 
 
 
$M
 
$M
 
$M
 
$M
 
 
Revenue
 

 
 

 
 

 
 

 
 
Segment revenue
225.8

 
189.1

 
—

 
414.9

 
 
Inter-segment revenue
—

 
(0.1
)
 
—

 
(0.1
)
 
 
Revenue to external customers
225.8

 
189.0

 
—

 
414.8

 
 
Result
 

 
 

 
 

 
 
 
 
Adjusted EBITDA
19.7

 
35.6

 
—

 
55.3

 
 
Other share based compensation charges
(0.6
)
 
(0.8
)
 
—

 
(1.4
)
 
 
Loss on disposal of property, plant and equipment
(0.1
)
 
(0.1
)
 
—

 
(0.2
)
 
 
Depreciation and amortization
(7.6
)
 
(10.8
)
 
—

 
(18.4
)
 
 
Trading profit—segment result
11.4

 
23.9

 
—

 
35.3

 
 
Profit on sale of redundant site
—

 
—

 
2.1

 
2.1

 
 
Changes to defined benefit pension plans (Note 5)
—

 
—

 
0.6

 
0.6

 
 
Restructuring and other expense (Note 5)
—

 
(2.2
)
 
—

 
(2.2
)
 
 
Operating profit
11.4

 
21.7

 
2.7

 
35.8

 
 
Acquisitions and disposals (Note 5)
—

 
0.2

 
—

 
0.2

 
 
Net interest costs
—

 
—

 
(5.6
)
 
(5.6
)
 
 
IAS 19R retirement benefits finance charge
—

 
—

 
(2.1
)
 
(2.1
)
 
 
Unwind of discount on deferred contingent consideration from acquisitions
—

 
(0.4
)
 
—

 
(0.4
)
 
 
Profit / (loss) on operations before taxation
11.4

 
21.5

 
(5.0
)
 
27.9

 
 
Tax expense
 

 
 

 
 
 
(6.0
)
 
 
Net income for the year
 

 
 

 
 

 
21.9

 
 
Other segment information
 

 
 

 
 

 
 
 
 
Segment assets
146.8

 
190.6

 
54.1

 
391.5

 
 
Segment liabilities
(21.7
)
 
(14.2
)
 
(213.7
)
 
(249.6
)
 
 
Net assets / (liabilities) employed(2)
125.1

 
176.4

 
(159.6
)
 
141.9

 
 
Capital expenditure: Property, plant and equipment
6.5

 
10.0

 
—

 
16.5

 
 
Capital expenditure: Intangible assets
1.5

 
0.9

 
—

 
2.4

 
Year ended December 31, 2015
 
 
Gas
Cylinders
 
Elektron
 
Unallocated
 
Total
Continuing
Activities
 
 
 
$M
 
$M
 
$M
 
$M
 
 
Revenue
 
 
 
 
 
 
 
 
 
Segment revenue
239.1

 
221.8

 
—

 
460.9

 
 
Inter-segment revenue
—

 
(0.6
)
 
—

 
(0.6
)
 
 
Revenue to external customers
239.1

 
221.2

 
—

 
460.3

 
 
Result
 

 
 

 
 

 
 
 
 
Adjusted EBITDA
16.5

 
45.7

 
—

 
62.2

 
 
Other share based compensation charges
(0.7
)
 
(0.6
)
 
—

 
(1.3
)
 
 
Depreciation and amortization
(7.2
)
 
(11.4
)
 
—

 
(18.6
)
 
 
Trading profit—segment result
8.6

 
33.7

 
—

 
42.3

 
 
Changes to defined benefit pension plans (Note 5)
—

 
—

 
18.0

 
18.0

 
 
Restructuring and other expense (Note 5)
(21.9
)
 
(0.5
)
 
—

 
(22.4
)
 
 
Operating (loss)/profit
(13.3
)
 
33.2

 
18.0

 
37.9

 
 
Acquisitions and disposals (Note 5)
(0.2
)
 
—

 
(1.8
)
 
(2.0
)
 
 
Net interest costs
—

 
—

 
(6.9
)
 
(6.9
)
 
 
IAS 19R retirement benefits finance charge
—

 
—

 
(3.0
)
 
(3.0
)
 
 
Unwind of discount on deferred contingent consideration from acquisitions
—

 
(0.4
)
 
—

 
(0.4
)
 
 
(Loss)/profit on operations before taxation
(13.5
)
 
32.8

 
6.3

 
25.6

 
 
Tax expense
 

 
 

 
 
 
(9.5
)
 
 
Net income for the year
 

 
 

 
 

 
16.1

 
 
Other segment information
 

 
 

 
 

 
 
 
 
Segment assets
158.3

 
208.5

 
68.9

 
435.7

 
 
Segment liabilities
(32.3
)
 
(21.4
)
 
(212.3
)
 
(266.0
)
 
 
Net assets/(liabilities) employed(2)
126.0

 
187.1

 
(143.4
)
 
169.7

 
 
Capital expenditure: Property, plant and equipment
6.0

 
9.3

 
—

 
15.3

 
 
Capital expenditure: Intangible assets
1.2

 
0.9

 
—

 
2.1

 
Disclosure of geographical areas
GEOGRAPHIC ORIGIN:
Year ended December 31, 2017
 
 
United
Kingdom
 
Rest of
Europe
 
North
America
 
Australasia
 
Asia
 
Total
 
 
 
$M
 
$M
 
$M
 
$M
 
$M
 
$M
 
 
Revenue
 

 
 

 
 

 
 

 
 

 
 

 
 
Segment revenue
162.6

 
48.6

 
275.9

 
0.1

 
2.7

 
489.9

 
 
Inter-segment revenue
(23.1
)
 
(1.5
)
 
(24.0
)
 
—

 
—

 
(48.6
)
 
 
Revenue to external customers
139.5

 
47.1

 
251.9

 
0.1

 
2.7

 
441.3

 
 
Result
 

 
 

 
 

 
 

 
 

 
 
 
 
Adjusted EBITDA
16.2

 
1.3

 
44.1

 
0.1

 
0.1

 
61.8

 
 
Other share based compensation charges
(1.4
)
 
—

 
(0.8
)
 
—

 
—

 
(2.2
)
 
 
Loss on disposal of property, plant and equipment
—

 
(0.1
)
 
—

 
—

 
—

 
(0.1
)
 
 
Depreciation and amortization
(5.9
)
 
(2.4
)
 
(10.7
)
 
—

 
—

 
(19.0
)
 
 
Trading profit/(loss)—segment result
8.9

 
(1.2
)
 
32.6

 
0.1

 
0.1

 
40.5

 
 
Sale of redundant site
0.4

 
—

 
—

 
—

 
—

 
0.4

 
 
Restructuring and other expense (Note 5)
(14.4
)
 
(2.3
)
 
(4.9
)
 
—

 
—

 
(21.6
)
 
 
Operating (loss) / profit
(5.1
)
 
(3.5
)
 
27.7

 
0.1

 
0.1

 
19.3

 
 
Other geographical segment information
 

 
 

 
 

 
 

 
 

 
 
 
 
Non-current assets(1)
74.3

 
14.2

 
142.5

 
—

 
0.3

 
231.3

 
 
Net assets employed(2)
10.0

 
30.7

 
118.8

 
—

 
2.8

 
162.3

 
 
Capital expenditure: Property, plant and equipment
4.4

 
0.7

 
4.1

 
—

 
—

 
9.2

 
 
Capital expenditure: Intangible assets
1.4

 
—

 
0.3

 
—

 
—

 
1.7

 
Year ended December 31, 2016
 
 
United
Kingdom
 
Rest of
Europe
 
North
America
 
Australasia
 
Asia
 
Total
 
 
 
$M
 
$M
 
$M
 
$M
 
$M
 
$M
 
 
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment revenue
142.6

 
39.1

 
282.5

 
0.1

 
3.4

 
467.7

 
 
Inter-segment revenue
(28.6
)
 
(1.6
)
 
(22.7
)
 
—

 
—

 
(52.9
)
 
 
Revenue to external customers
114.0

 
37.5

 
259.8

 
0.1

 
3.4

 
414.8

 
 
Result
 

 
 

 
 

 
 

 
 

 
 
 
 
Adjusted EBITDA
17.4

 
(0.4
)
 
37.8

 
0.1

 
0.4

 
55.3

 
 
Other share based compensation charges
(1.0
)
 
—

 
(0.4
)
 
—

 
—

 
(1.4
)
 
 
Loss on disposal of property, plant and equipment
—

 
(0.1
)
 
(0.1
)
 
—

 
—

 
(0.2
)
 
 
Depreciation and amortization
(5.7
)
 
(2.3
)
 
(10.3
)
 
—

 
(0.1
)
 
(18.4
)
 
 
Trading profit/(loss)—segment result
10.7

 
(2.8
)
 
27.0

 
0.1

 
0.3

 
35.3

 
 
Sale of redundant site
2.1

 
—

 
—

 
—

 
—

 
2.1

 
 
Changes to defined benefit pension plans
—

 
—

 
0.6

 
—

 
—

 
0.6

 
 
Restructuring and other expense (Note 5)
(0.6
)
 
—

 
(1.6
)
 
—

 
—

 
(2.2
)
 
 
Operating profit/(loss)
12.2

 
(2.8
)
 
26.0

 
0.1

 
0.3

 
35.8

 
 
Other geographical segment information
 

 
 

 
 

 
 

 
 

 
 
 
 
Non-current assets(1)
77.5

 
13.8

 
143.9

 
—

 
0.2

 
235.4

 
 
Net assets employed(2)
6.9

 
19.7

 
112.3

 
0.3

 
2.7

 
141.9

 
 
Capital expenditure: Property, plant and equipment
6.7

 
1.2

 
8.6

 
—

 
—

 
16.5

 
 
Capital expenditure: Intangible assets
2.0

 
—

 
0.4

 
—

 
—

 
2.4

 
Year ended December 31, 2015
 
 
United
Kingdom
 
Rest of
Europe
 
North
America
 
Australasia
 
Asia
 
Total
 
 
 
$M
 
$M
 
$M
 
$M
 
$M
 
$M
 
 
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Segment revenue
145.0

 
62.4

 
299.6

 
0.1

 
3.9

 
511.0

 
 
Inter-segment revenue
(27.0
)
 
(2.9
)
 
(20.8
)
 
—

 
—

 
(50.7
)
 
 
Revenue to external customers
118.0

 
59.5

 
278.8

 
0.1

 
3.9

 
460.3

 
 
Result
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted EBITDA
13.6

 
1.3

 
46.5

 
0.2

 
0.6

 
62.2

 
 
Other share based compensation charges
(1.0
)
 
—

 
(0.3
)
 
—

 
—

 
(1.3
)
 
 
Depreciation and amortization
(6.1
)
 
(2.3
)
 
(10.1
)
 
—

 
(0.1
)
 
(18.6
)
 
 
Trading profit/(loss)—segment result
6.5

 
(1.0
)
 
36.1

 
0.2

 
0.5

 
42.3

 
 
Changes to defined benefit pension plans
18.0

 
—

 
—

 
—

 
—

 
18.0

 
 
Restructuring and other expense (Note 5)
(8.0
)
 
(7.8
)
 
(6.6
)
 
—

 
—

 
(22.4
)
 
 
Operating profit/(loss)
16.5

 
(8.8
)
 
29.5

 
0.2

 
0.5

 
37.9

 
 
Other geographical segment information
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current assets(1)
67.8

 
14.5

 
147.6

 
—

 
0.3

 
230.2

 
 
Net assets employed(2)
19.7

 
23.7

 
122.6

 
0.3

 
3.4

 
169.7

 
 
Capital expenditure: Property, plant and equipment
5.5

 
1.4

 
8.4

 
—

 
—

 
15.3

 
 
Capital expenditure: Intangible assets
1.7

 
—

 
0.4

 
—

 
—

 
2.1

 
(1) 
The Group's non-current assets analyzed by geographic origin include property, plant and equipment, intangible assets and investments.
(2) 
Represents net assets employed—excluding inter-segment assets and liabilities.

GEOGRAPHIC DESTINATION:
 
 
United
Kingdom
 
Rest of
Europe
 
Africa
 
North
America
 
South
America
 
Asia
Pacific
 
Total
 
 
 
$M
 
$M
 
$M
 
$M
 
$M
 
$M
 
$M
 
 
Revenue—Continuing activities
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 
Year ended December 31, 2017
40.7

 
102.9

 
3.0

 
238.7

 
8.6

 
47.4

 
441.3

 
 
Year ended December 31, 2016
36.4

 
94.2

 
2.4

 
226.3

 
9.9

 
45.6

 
414.8

 
 
Year ended December 31, 2015
53.5

 
98.9

 
2.7

 
245.9

 
13.4

 
45.9

 
460.3