Provisions
|
| | | | | | | | | | | | | |
| | Rationalization and redundancy | | Employee benefits | | Environmental provisions | | Total | |
| | $M | | $M | | $M | | $M | |
| At January 1, 2016 | 2.6 |
| | 1.5 |
| | 1.2 |
| | 5.3 |
| |
| Charged to consolidated income statement | 1.4 |
| | — |
| | — |
| | 1.4 |
| |
| Credited to consolidated income statement | (0.2 | ) | | (0.4 | ) | | — |
| | (0.6 | ) | |
| Cash payments | (3.0 | ) | | — |
| | (0.3 | ) | | (3.3 | ) | |
| Translation | — |
| | — |
| | (0.2 | ) | | (0.2 | ) | |
| At December 31, 2016 | 0.8 |
| | 1.1 |
| | 0.7 |
| | 2.6 |
| |
| Charged to consolidated income statement | 4.3 |
| | 0.5 |
| | 0.4 |
| | 5.2 |
| |
| Credited to consolidated income statement | — |
| | — |
| | (0.4 | ) | | (0.4 | ) | |
| Cash payments | (3.0 | ) | | (0.5 | ) | | — |
| | (3.5 | ) | |
| At December 31, 2017 | 2.1 |
| | 1.1 |
| | 0.7 |
| | 3.9 |
| |
| | | | | | | | | |
| At December 31, 2017 | |
| | |
| | |
| | | |
| Included in current liabilities | 2.1 |
| | — |
| | 0.7 |
| | 2.8 |
| |
| Included in non-current liabilities | — |
| | 1.1 |
| | — |
| | 1.1 |
| |
| | 2.1 |
| | 1.1 |
| | 0.7 |
| | 3.9 |
| |
| At December 31, 2016 | |
| | |
| | |
| | | |
| Included in current liabilities | 0.8 |
| | — |
| | 0.7 |
| | 1.5 |
| |
| Included in non-current liabilities | — |
| | 1.1 |
| | — |
| | 1.1 |
| |
| | 0.8 |
| | 1.1 |
| | 0.7 |
| | 2.6 |
| |
Rationalization and redundancy
At December 31, 2017, the Group had $2.1 million of provisions relating to redundancy and the rationalization of its operations (2016: $0.8 million). $1.3 million (2016: $0.3 million) and $0.8 million (2016: $0.5 million) of this provision in 2017 related to the Elektron and Gas Cylinders divisions respectively. Of the $1.3 million within the Elektron division, $0.6 million related to an onerous contract and $0.5 million to the rationalization of its Magtech operations.
Employee benefits
At December 31, 2017, the Group had $1.1 million of employee benefit liabilities (in addition to retirement benefits), as calculated on an actuarial basis, relating to a provision for workers' compensation in the U.S. (2016: $1.1 million).
Environmental provisions
At December 31, 2017, the Group had environmental provisions totaling $0.7 million relating to environmental clean-up costs (2016: $0.7 million). $0.4 million relates to a provision for disbursement of environmental liabilities as part of the acquisition of the trade and assets of the Specialty Metals business of ESM Group Inc., $0.2 million relates to work required at the U.K. Elektron division site and $0.1 million relates to work required at a Elektron business in the U.S. acquired during 2014.
