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Supplementary balance sheet information

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]


In millions	2020		2019
Accounts and other receivables
Trade receivables, net	$	33.6	$	40.8
Related parties	0.2		2.7
Prepayments and accrued income	5.5		4.8
Derivative financial instruments	0.2		0.3
Deferred consideration	0.2		—
Other receivables	3.4		4.2
Total accounts and other receivables	$	43.1	$	52.8

Inventories
Raw materials and supplies	$	26.2	$	27.9
Work-in-process	19.7		24.2
Finished goods	22.9		25.5
Total inventories	$	68.8	$	77.6



Other current assets

Income tax receivable	1.5		1.1
Total other current assets	$	1.5	$	1.1

Property, plant and equipment, net
Land, buildings and leasehold improvements	$	65.2	$	61.4
Machinery and equipment	255.3		245.7
Construction in progress	7.8		8.9
Total property plant and equipment	328.3		316.0
Accumulated depreciation and impairment	(242.3)		(225.8)
Total property, plant and equipment, net	$	86.0	$	90.2











Other current liabilities
Contingent liabilities	$	10.1	$	6.6

Derivative financial instruments	0.4		—
Operating lease liability	2.9		2.3
Other current liabilities	0.1		1.8
Total other current liabilities	$	13.5	$	10.7

Other non-current liabilities
Contingent liabilities	$	1.0	$	0.9

Operating lease liability	6.7		8.9
Other non-current liabilities	—		0.1
Total other non-current liabilities	$	7.7	$	9.9

9. Supplementary balance sheet information (continued)

Impairment of property, plant and equipment

Property, plant and equipment, net, includes an impairment of $4.6 million recognized within restructuring charges and $5.2 million recognized within impairment charges in 2019, now recognized within discontinued operations. There were no impairments of property, plant and equipment recognized in 2020.

The $4.6 million recognized within restructuring charges in 2019 relates to the write-down of land and buildings within the Elektron segment as a result of announced exits.

The $5.2 million recognized as an impairment charge in 2019 relates to the downturn in the European luxury automotive market which has adversely impacted our Superform business within the Gas Cylinders segment. The impairment charge and the property, plant and equipment, net, were reclassified as discontinued operations in 2020 for all periods presented. See Note 7.

Held-for-sale assets and liabilities

In 2020, the Company classified its Superform aluminum superplastic forming business operating from sites in the U.S. and the U.K, and our U.S. aluminum gas cylinder business as assets and liabilities held-for-sale in accordance with ASC 205-20 Discontinued Operations. These assets and liabilities were reclassified in 2019 to conform to the current year presentation. See Note 7 for breakdown of this disposal group.

There was also one building valued at $3.7 million, within our Elektron Segment classified as held-for-sale assets, previously included within other current assets. The building was classified as held-for-sale in 2019, as the expectation was that the building would be sold in 2020. There are conditions attached to the sale which the Company now expects to be met in 2021 and as such the building continues to be classified as held-for-sale.

In 2019 here was also $0.2 million of inventory which has been reclassified as held-for-sale assets in relation to one of our operations within our Gas Cylinders Segment.

The respective assets and liabilities of the above disposal groups have been reclassified as held-for-sale per the table below.


Reclassified to held-for-sale assets	December 31, 2020		December 31, 2019
In millions
Property, plant and equipment	$	11.6	$	12.4
Right-of-use-asset	3.1		3.8
Inventory	12.6		17.1
Accounts and other receivables	8.7		13.5

Held-for-sale assets	$	36.0	$	46.8

Reclassified to held-for-sale liabilities
Accounts payables	$	4.3	$	6.2
Accrued liabilities	1.5		1.6
Other current liabilities	5.6		5.1
Held-for-sale liabilities	$	11.4	$	12.9

There has been no reclassification of items from other comprehensive income to the income statement as a result of items reclassified to held-for-sale,