LUXFER HOLDINGS PLC | CIK:0001096056 | 3

  • Filed: 3/19/2018
  • Entity registrant name: LUXFER HOLDINGS PLC (CIK: 0001096056)
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    • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

    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