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 |
 |
|
Notes to the Group Financial Statements |
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for the year ended 30 September 2009 |
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Due to the differing natures of the products and their markets, Avon Rubber p.l.c.’s primary reporting segment is by business. The secondary reporting format comprises the geographical segments by origin. |
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Primary reporting format - business segments |
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Year ended 30 September 2009
|
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|
Protection & Defence |
|
|
Continuing Total |
Discontinued Total |
|
|
|
Dairy |
Unallocated |
Group |
||||
|
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Revenue |
66,895 |
24,793 |
|
91,688 |
|
91,688 |
|
|
|
|
|
|
|
|
|
Segment result before depreciation, amortisation and exceptional items |
6,874 |
3,490 |
(1,769) |
8,595 |
|
8,595 |
|
Depreciation and amortisation |
(3,296) |
(470) |
(191) |
(3,957) |
(3,957) |
|
|
Segment result before exceptional items |
3,578 |
3,020 |
(1,960) |
4,638 |
4,638 |
|
|
Exceptional items |
- |
(2,535) |
- |
(2,535) |
|
(2,535) |
|
Segment result after exceptional items |
3,578 |
485 |
(1,960) |
2,103 |
|
2,103 |
|
Finance income |
|
|
33 |
33 |
|
33 |
|
Finance costs |
|
|
(1,539) |
(1,539) |
|
(1,539) |
|
Other finance income |
|
|
394 |
394 |
|
394 |
|
Profit/(loss) before taxation |
3,578 |
485 |
(3,072) |
991 |
|
991 |
|
Taxation |
|
|
(1,699) |
(1,699) |
|
(1,699) |
|
Profit/(loss) for the year from continuing operations |
3,578 |
485 |
(4,771) |
(708) |
|
(708) |
|
Profit for the year from discontinued operations |
|
|
|
566 |
566 |
|
|
Profit/(loss) for the year |
3,578 |
485 |
(4,771) |
(708) |
566 |
(142) |
|
|
|
|
|
|
|
|
|
Profit attributable to minority interest |
|
|
|
|
|
41 |
|
Loss attributable to equity shareholders |
|
|
|
|
|
(183) |
|
|
|
|
|
|
|
142 |
|
Segment assets |
39,689 |
6,715 |
2,249 |
48,653 |
4,914 |
53,567 |
|
Segment liabilities |
10,694 |
6,034 |
32,743 |
49,471 |
1,832 |
51,303 |
|
|
|
|
|
|
|
|
|
Other segment items |
|
|
|
|
|
|
|
Capital expenditure |
|
|
|
|
|
|
|
- intangible assets |
823 |
21 |
- |
844 |
23 |
867 |
|
- property, plant and equipment |
2,270 |
412 |
82 |
2,764 |
274 |
3,038 |
|
Depreciation |
1,553 |
467 |
167 |
2,187 |
179 |
2,366 |
|
Amortisation of intangibles |
1,743 |
3 |
24 |
1,770 |
15 |
1,785 |
The Protection & Defence segment includes £47.9m (2008: £18.0m) of revenues to customers which individually contribute more than 10% to total Group revenues.
|
Year ended 30 September 2008 |
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|
Protection & Defence |
Continuing Total |
Discontinued Total |
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|
Dairy |
Unallocated |
Group |
||||
|
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Revenue |
32,616 |
21,990 |
|
54,606 |
|
54,606 |
|
Segment result before depreciation, amortisation and exceptional items |
(2,985) |
3,875 |
(1,576) |
(686) |
(686) |
|
|
Depreciation and amortisation |
(2,639) |
(422) |
(358) |
(3,419) |
(3,419) |
|
|
Segment result before exceptional items |
(5,624) |
3,453 |
(1,934) |
(4,105) |
(4,105) |
|
|
Exceptional operating items |
(8,481) |
- |
- |
(8,481) |
|
(8,481) |
|
Segment result after exceptional operating items |
(14,105) |
3,453 |
(1,934) |
(12,586) |
(12,586) |
|
|
Finance income |
27 |
27 |
27 |
|||
|
Finance costs |
(1,015) |
(1,015) |
(1,015) |
|||
|
Other finance income |
|
|
1,183 |
1,183 |
|
1,183 |
|
(Loss)/profit before taxation |
(14,105) |
3,453 |
(1,739) |
(12,391) |
(12,391) |
|
|
Taxation |
|
|
1,259 |
1,259 |
|
1,259 |
|
(Loss)/profit for the year from continuing operations |
(14,105) |
3,453 |
(480) |
(11,132) |
(11,132) |
|
|
Loss for the year from discontinued operations |
|
|
|
|
(8,337) |
(8,337) |
|
(Loss)/profit for the year |
(14,105) |
3,453 |
(480) |
(11,132) |
(8,337) |
(19,469) |
|
Profit attributable to minority interest |
6 |
|||||
|
Loss attributable to equity shareholders |
(19,475) |
|||||
|
|
|
|
|
|
|
(19,469) |
|
Segment assets |
34,855 |
7,132 |
48,304 |
90,291 |
4,642 |
94,933 |
|
Segment liabilities |
9,043 |
2,240 |
39,858 |
51,141 |
1,125 |
52,266 |
|
Other segment items |
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|
Capital expenditure |
||||||
|
- intangible assets |
1,306 |
- |
21 |
1,327 |
41 |
1,368 |
|
- property, plant and equipment |
1,018 |
275 |
58 |
1,351 |
66 |
1,417 |
|
Depreciation |
969 |
634 |
241 |
1,844 |
398 |
2,242 |
|
Amortisation of intangibles |
1,653 |
- |
25 |
1,678 |
5 |
1,683 |
|
Impairment of intangibles |
8,102 |
- |
- |
8,102 |
- |
8,102 |
|
Secondary reporting format - geographical segments |
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|
Year ended 30 September 2009 |
|
|
|
|
Europe |
North America |
Group |
|
|
|
£'000 |
£'000 |
£'000 |
|
Revenue |
12,495 |
79,193 |
91,688 |
|
Segment assets |
10,072 |
43,495 |
53,567 |
|
Capital expenditure - property, plant and equipment |
459 |
2,579 |
3,038 |
|
- intangible assets |
357 |
510 |
867 |
|
Year ended 30 September 2008 |
Europe |
North America |
Group |
|
|
£'000 |
£'000 |
£'000 |
|
Revenue |
11,114 |
43,492 |
54,606 |
|
Segment assets |
46,420 |
48,513 |
94,933 |
|
Capital expenditure - property, plant and equipment |
328 |
1,089 |
1,417 |
|
- intangible assets |
255 |
1,113 |
1,368 |