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Financial risk management objectives and policies (Tables)

12 Months Ended

Dec. 31, 2017

Financial Instruments [Abstract]

Disclosure of maturity analysis for non-derivative financial liabilities

The table below summarizes the maturity profile of the Group's financial liabilities at December 31, based on contractual payments.

		December 31, 2017												December 31, 2016
		Within 12 months			1-5 years			> 5 years			Total			Within 12 months			1-5 years			> 5 years			Total
		$M			$M			$M			$M			$M			$M			$M			$M
	Loan Notes due 2018	15.0			—			—			15.0			—			15.0			—			15.0
	Loan Notes due 2021	—			25.0			—			25.0			—			25.0			—			25.0
	Loan Notes due 2023	—			—			25.0			25.0			—			—			25.0			25.0
	Loan Notes due 2026	—			—			25.0			25.0			—			—			25.0			25.0
	Revolving credit facility	—			21.3			—			21.3			—			32.8			—			32.8
	Deferred contingent consideration	0.5			0.2			—			0.7			—			1.5			—			1.5
	Deferred consideration	0.3			—			—			0.3			1.3			—			—			1.3
	Trade payables	28.4			—			—			28.4			24.0			—			—			24.0
	Accruals	29.7			1.5			—			31.2			20.4			—			—			20.4
	Interest payable	0.4			—			—			0.4			0.2			—			—			0.2
	Derivative financial instruments	1.5			0.4			—			1.9			5.2			0.6			—			5.8
	Overdrafts	4.2			—			—			4.2			—			—			—			—
		80.0			48.4			50.0			178.4			51.1			74.9			50.0			176.0

The table below summarizes the maturity profile of the Group's financial liabilities at December 31 based on contractual undiscounted payments. Interest rates on the Group's variable rate debt have been based on a forward curve.

		December 31, 2017			December 31, 2016
		$M			$M
	Undiscounted contractual maturity of financial liabilities:
	Amounts payable:
	Within 12 months	84.5			56.4
	1-5 years	63.6			90.5
	> 5 years	54.9			57.4
		203.0			204.3
	Less: future finance charges	(24.6	)		(28.3	)
		178.4			176.0

Disclosure of maturity analysis for derivative financial liabilities

The table below summarizes the maturity profile of the Group's financial liabilities at December 31, based on contractual payments.

		December 31, 2017												December 31, 2016
		Within 12 months			1-5 years			> 5 years			Total			Within 12 months			1-5 years			> 5 years			Total
		$M			$M			$M			$M			$M			$M			$M			$M
	Loan Notes due 2018	15.0			—			—			15.0			—			15.0			—			15.0
	Loan Notes due 2021	—			25.0			—			25.0			—			25.0			—			25.0
	Loan Notes due 2023	—			—			25.0			25.0			—			—			25.0			25.0
	Loan Notes due 2026	—			—			25.0			25.0			—			—			25.0			25.0
	Revolving credit facility	—			21.3			—			21.3			—			32.8			—			32.8
	Deferred contingent consideration	0.5			0.2			—			0.7			—			1.5			—			1.5
	Deferred consideration	0.3			—			—			0.3			1.3			—			—			1.3
	Trade payables	28.4			—			—			28.4			24.0			—			—			24.0
	Accruals	29.7			1.5			—			31.2			20.4			—			—			20.4
	Interest payable	0.4			—			—			0.4			0.2			—			—			0.2
	Derivative financial instruments	1.5			0.4			—			1.9			5.2			0.6			—			5.8
	Overdrafts	4.2			—			—			4.2			—			—			—			—
		80.0			48.4			50.0			178.4			51.1			74.9			50.0			176.0

Disclosure of reconciled adjusted EBITDA

The table below sets out the calculations for 2017, 2016 and 2015:

		2017			2016			2015
		$M			$M			$M
	For continuing operations:
	Operating profit	19.3			35.8			37.9
	Deduct:
	Profit on sale of redundant site (Note 5)	(0.4	)		(2.1	)		—
	Changes to defined benefit pension plans (Note 5)	—			(0.6	)		(18.0	)
	Add back:
	Restructuring and other expense (Note 5)	21.6			2.2			22.4
	Loss on disposal of property, plant and equipment	0.1			0.2			—
	Other share based compensation charges	2.2			1.4			1.3
	Depreciation and amortization	19.0			18.4			18.6
	Adjusted EBITDA	61.8			55.3			62.2
	Bank and other loans	108.8			121.0			131.6
	Total debt	108.8			121.0			131.6
	Less: Cash and cash equivalents	(13.3	)		(13.6	)		(36.9	)
	Add: Overdrafts	4.2			—			—
	Add: Restricted cash	0.7			—			—
	Net debt	100.4			107.4			94.7
	Net debt: Adjusted EBITDA ratio	1.6	x		1.9	x		1.5	x

Disclosure of net debt reconciliation

Reconciliation of net debt

		Cash at bank and in hand			Overdrafts			Bank and other loans due within one year			Bank and other loans due after one year			Total
		$M			$M			$M			$M			$M
	Net debt at January 1, 2016	(36.9	)		—			—			131.6			94.7
	Cash flows	21.4			—			—			(9.0	)		12.4
	Foreign exchange adjustments	1.9			—			—			(2.1	)		(0.2	)
	Other non-cash movements	—			—			—			0.5			0.5
	Net debt at January 1, 2017	(13.6	)		—			—			121.0			107.4
	Cash flows	6.5			—			—			(14.5	)		(8.0	)
	Reclassification	(4.2	)		4.2			14.9			(14.9	)		—
	Foreign exchange adjustments	(2.0	)		—			—			1.7			(0.3	)
	Restricted cash	0.7			—			—			—			0.7
	Other non-cash movements	—			—			0.1			0.5			0.6
	Net debt at December 31, 2017	(12.6	)		4.2			15.0			93.8			100.4

Disclosure of trade receivables that are past due

The analysis of trade receivables that were past due but not impaired is as follows:

					Neither past due nor impaired			Past due but not impaired
		Total						< 31 days			31-60 days			61-90 days			91-121 days			> 121 days
		$M			$M			$M			$M			$M			$M			$M
	At December 31, 2017	54.0			37.3			11.0			3.2			1.7			0.8			—
	At December 31, 2016	40.5			33.4			5.5			1.0			0.5			0.1			—

X

- Definition

The disclosure of financial assets that are either past due or impaired. [Refer: Financial assets]

+ References

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The disclosure of a maturity analysis for derivative financial liabilities, including the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows. [Refer: Derivative financial liabilities]

+ References

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-Name IFRS
-Number 7
-IssueDate 2017-01-01
-Paragraph 39
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The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities]

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Disclosure Of Profit (Loss) Before Interest, Taxes, Depreciation And Amorisation [Table Text Block]

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Financial Instruments [Abstract]

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