Adjusted operating margin. Operating profit

Transcription

1 Reconciliation of segment reporting As previously Total revenue from external customers profit (1) margin Operating profit Total revenue from external customers profit (1) margin Operating profit H H H H m m % m m m % m Photographic % % 10.9 Broadcast - continuing % % 7.4 Continuing operations % % 18.3 Broadcast - discontinued % (15.9) n/a n/a n/a n/a Total Group % % 18.3 Continuing operations; three divisions with allocation of corporate costs % % % % % % 2.7 Continuing operations % % 18.3 Continuing operations; three divisions without allocation of corporate costs For the year to 31 December % % % % % % % % (9.6) n/a (9.6) - (5.0) n/a (5.0) Continuing operations % % 18.3 (1) Previously referred to as "Segment result"

2 Segment reporting - FY 2016 Reconciliation of Group Total The tables below show the segment reporting as presented in the FY 2016 Annual Report & Accounts, and its equivalent under the new segmental reporting structure. In the latter, corporate costs are disclosed separately and are not allocated to segments. This is consistent with the format used by the chief decision maker. Segment reporting is for continuing operations only; discontinued operations are shown separately in the table below to reconcile to the Group total as presented in the FY 2016 Annual Report & Accounts as 2016 new format Continuing operations Broadcast Photographic Discontinued operations (Group Total) m m m m m m m m m Total revenue from external customers Inter-segment revenue (1) (1.0) (1.7) Total revenue (1.0) (1.7) profit (2) (9.6) Restructuring costs (3.4) (1.8) - (5.2) (1.8) (1.5) (0.1) - (3.4) (1.8) (5.2) Earnout payments and purchase price adjustment (1.3) (1.2) (1.5) - (1.2) - (1.2) Transaction costs relating to acquisition of businesses (0.5) (0.1) - (0.6) (0.1) - (0.5) - (0.6) - (0.6) Amortisation of acquired intangible assets (7.1) (0.8) - (7.9) (0.8) (1.3) (3.7) - (5.8) (2.1) (7.9) Impairment of goodwill (12.1) - - (12.1) (12.1) (12.1) Operating profit (3.4) (9.6) 30.4 (15.9) 14.5 Net finance expense (4.0) (4.0) (4.0) Taxation (1.5) (1.5) (1.5) Profit for the year Segment assets Unallocated assets Cash and cash equivalents Current tax assets Deferred tax assets Total assets Segment liabilities Unallocated liabilities Bank overdrafts Interest-bearing loans and borrowings Current tax liabilities Deferred tax liabilities Total liabilities Cash flows from activities (0.7) (10.3) Cash flows from investing activities (25.2) (4.3) (0.1) (29.6) (4.3) (1.3) (20.4) (0.1) (26.1) (3.5) (29.6) Cash flows from financing activities (24.7) (23.6) (23.6) (23.6) - (23.6) Capital expenditure Property, plant and equipment Software and development costs

3 Segment reporting - FY 2016 Reconciliation to new Division The table below shows the reconciliation from the Photographic Division as in the FY 2016 annual report & accounts to the new Division as Photographic Reconciliation to new format 2016 new format m m m Total revenue from external customers Inter-segment revenue (1) Total revenue profit (2) Restructuring costs (1.8) - (1.8) Earnout payments and purchase price adjustment Transaction costs relating to acquisition of businesses (0.1) - (0.1) Amortisation of acquired intangible assets (0.8) - (0.8) Operating profit Segment assets Segment liabilities Unallocated liabilities Bank overdrafts (3) 0.3 (0.3) - Interest-bearing loans and borrowings (3) 1.1 (1.1) - Cash flows from activities Cash flows from investing activities (4.3) - (4.3) Cash flows from financing activities (3) 1.1 (1.1) - Capital expenditure Property, plant and equipment Software and development costs (3) Overdrafts, interest-bearing loans and borrowings and cash flows from financing activities will now be in corporate and, reflecting central treasury management and reporting.

4 Segment reporting - FY 2016 Reconciliation to new and Divisions The table below shows the reconciliation from the Broadcast Division as in the FY 2016 annual report & accounts to the new and Divisions as Reconciliation to new format 2016 new format Broadcast Discontinued operations Inter-segment revenue (3) m m m m m m Total revenue from external customers (57.3) Inter-segment revenue (1) Total revenue (57.3) profit (2) 21.0 (0.1) Restructuring costs (3.4) (1.5) (0.1) Earnout payments and purchase price adjustment (1.3) (1.5) Transaction costs relating to acquisition of businesses (0.5) (0.5) Amortisation of acquired intangible assets (7.1) (1.3) (3.7) Impairment of goodwill (12.1) Operating profit (3.4) Segment assets (48.8) Segment liabilities 38.2 (5.4) Cash flows from activities 34.5 (8.6) Cash flows from investing activities (25.2) (1.3) (20.4) Cash flows from financing activities Capital expenditure Property, plant and equipment 10.8 (7.2) Software and development costs 1.8 (0.3) (3) Change in inter-segment revenue represents revenue between and.

5 Segment reporting - H Reconciliation of Group Total The tables below show the segment reporting as presented in the Half Year Results to 30 June 2017, and its equivalent under the new segmental reporting structure. In the latter, corporate costs are disclosed separately and are not allocated to segments. This is consistent with the format used by the chief decision maker. As in the Half Year Results, segment reporting is for continuing operations only. H as H new format Continuing operations: Broadcast Photographic m m m m m m m m m Total revenue from external customers Inter-segment revenue (1) (0.6) (0.6) - Total revenue (0.6) (0.6) profit (2) (5.0) 21.6 Amortisation of acquired intangible assets (3.2) (0.1) - (3.3) (0.1) (0.6) (2.6) - (3.3) Operating profit (5.0) 18.3 Net finance expense (1.9) (1.9) Taxation (2.9) (2.9) Profit for the year Segment assets Unallocated assets Cash and cash equivalents Current tax assets Deferred tax assets Total assets Segment liabilities Unallocated liabilities Interest-bearing loans and borrowings Current tax liabilities Deferred tax liabilities Total liabilities

6 Segment reporting - H Reconciliation to new Division The table below shows the reconciliation from the Photographic Division as in the Half Year Results to 30 June 2017 to the new Division. H as Photographic Reconciliation to new format H new format m m m Total revenue from external customers Inter-segment revenue (1) Total revenue profit (2) Amortisation of acquired intangible assets (0.1) - (0.1) Operating profit Segment assets Segment liabilities

7 Segment reporting - H Reconciliation to new and Divisions The table below shows the reconciliation from the Broadcast Division as in the Half Year Results to 30 June 2017 to the new and Divisions. H as Reconciliation to new format H new format Broadcast m m m m Total revenue from external customers Inter-segment revenue (1) Total revenue profit (2) Amortisation of acquired intangible assets (3.2) - (0.6) (2.6) Operating profit Segment assets Segment liabilities