SMITH & NEPHEW PLC | CIK:0000845982 | 3

  • Filed: 3/5/2018
  • Entity registrant name: SMITH & NEPHEW PLC (CIK: 0000845982)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/845982/000155837018001490/0001558370-18-001490-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/845982/000155837018001490/snn-20171231.xml
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  • ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory

    Set out below is the summarised financial information for Bioventus, adjusted for differences with Group accounting policies:

     

     

     

     

     

     

     

     

    2017

      

    2016

     

     

        

    $ million

        

    $ million

     

    Summarised statement of comprehensive income

     

      

     

      

     

    Revenue

     

    301

     

    282

     

    Attributable profit/(loss) for the year

     

     1

     

    (21)

     

    Group adjustments1

     

    11

     

    15

     

    Total comprehensive profit/(loss)

     

    12

     

    (6)

     

    Group share of profit/(loss) for the year at 49%

     

     6

     

    (3)

     

     

     

     

     

     

     

     

     

     

    2017

      

    2016

     

     

        

    $ million

        

    $ million

     

    Summarised balance sheet

     

      

     

      

     

    Non-current assets

     

    332

     

    364

     

    Current assets

     

    122

     

    105

     

    Non-current liabilities

     

    (246)

     

    (258)

     

    Current liabilities

     

    (47)

     

    (53)

     

    Net assets

     

    161

     

    158

     

    Group’s share of net assets at 49%

     

    79

     

    77

     

    Group adjustments1

     

    35

     

    32

     

    Group’s carrying amount of investment at 49%

     

    114

     

    109

     

    1    Group adjustments include an adjustment to align the useful life of intangible assets with Group policy.