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 2016 2016 2016 2016 H1 2017 H1 2017 H1 2017 H1 2017 m m % m m m % m Photographic 151.4 20.5 13.5% 17.9 78.4 11.0 14.0% 10.9 Broadcast - continuing 167.5 20.9 12.5% 12.5 86.5 10.6 12.3% 7.4 Continuing operations 318.9 41.4 13.0% 30.4 164.9 21.6 13.1% 18.3 Broadcast - discontinued 57.3 0.1 0.2% (15.9) n/a n/a n/a n/a Total Group 376.2 41.5 11.0% 14.5 164.9 21.6 13.1% 18.3 Continuing operations; three divisions with allocation of corporate costs 151.4 20.5 13.5% 17.9 78.4 11.0 14.0% 10.9 121.6 13.2 10.9% 10.6 55.7 5.3 9.5% 4.7 45.9 7.7 16.8% 1.9 30.8 5.3 17.2% 2.7 Continuing operations 318.9 41.4 13.0% 30.4 164.9 21.6 13.1% 18.3 Continuing operations; three divisions without allocation of corporate costs For the year to 31 December 151.4 25.2 16.6% 22.6 78.4 13.5 17.2% 13.4 121.6 16.3 13.4% 13.7 55.7 6.6 11.8% 6.0 45.9 9.5 20.7% 3.7 30.8 6.5 21.1% 3.9 318.9 51.0 16.0% 40.0 164.9 26.6 16.1% 23.3 - (9.6) n/a (9.6) - (5.0) n/a (5.0) Continuing operations 318.9 41.4 13.0% 30.4 164.9 21.6 13.1% 18.3 (1) Previously referred to as "Segment result"
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. 2016 as 2016 new format Continuing operations Broadcast Photographic Discontinued operations (Group Total) 2016 2016 2016 2016 2016 2016 2016 2016 2016 m m m m m m m m m Total revenue from external customers 224.8 151.4-376.2 151.4 121.6 45.9-318.9 57.3 376.2 Inter-segment revenue (1) 0.4 0.6 (1.0) - 0.6 1.1 - (1.7) - - - Total revenue 225.2 152.0 (1.0) 376.2 152.0 122.7 45.9 (1.7) 318.9 57.3 376.2 profit (2) 21.0 20.5-41.5 25.2 16.3 9.5 (9.6) 41.4 0.1 41.5 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) 0.1 - (1.2) 0.1 0.2 (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) 17.9-14.5 22.6 13.7 3.7 (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 9.0 24.9 9.0 Segment assets 182.1 94.8 1.5 278.4 94.8 88.3 45.0 1.5 229.6 48.8 278.4 Unallocated assets Cash and cash equivalents 17.1 17.1 17.1 17.1 17.1 Current tax assets 0.7 0.7 0.7 0.7 0.7 Deferred tax assets 26.6 26.6 26.6 26.6 26.6 Total assets 322.8 274.0 322.8 Segment liabilities 38.2 31.3 10.8 80.3 31.3 26.9 5.9 10.8 74.9 5.4 80.3 Unallocated liabilities Bank overdrafts 0.3-0.3 0.3 0.3 0.3 Interest-bearing loans and borrowings 1.1 90.8 91.9 91.9 91.9 91.9 Current tax liabilities 8.1 8.1 8.1 8.1 8.1 Deferred tax liabilities 2.4 2.4 2.4 2.4 2.4 Total liabilities 183.0 177.6 183.0 Cash flows from activities 34.5 18.6 (0.7) 52.4 23.3 24.5 6.3 (10.3) 43.8 8.6 52.4 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 - 1.1 (24.7) (23.6) - - - (23.6) (23.6) - (23.6) Capital expenditure Property, plant and equipment 10.8 2.6-13.4 2.6 2.9 0.7-6.2 7.2 13.4 Software and development costs 1.8 1.5 0.1 3.4 1.5 1.1 0.4 0.1 3.1 0.3 3.4
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. 2016 as Photographic Reconciliation to new format 2016 new format 2016 2016 2016 m m m Total revenue from external customers 151.4-151.4 Inter-segment revenue (1) 0.6-0.6 Total revenue 152.0-152.0 profit (2) 20.5 4.7 25.2 Restructuring costs (1.8) - (1.8) Earnout payments and purchase price adjustment 0.1-0.1 Transaction costs relating to acquisition of businesses (0.1) - (0.1) Amortisation of acquired intangible assets (0.8) - (0.8) Operating profit 17.9 4.7 22.6 Segment assets 94.8-94.8 Segment liabilities 31.3-31.3 Unallocated liabilities Bank overdrafts (3) 0.3 (0.3) - Interest-bearing loans and borrowings (3) 1.1 (1.1) - Cash flows from activities 18.6 4.7 23.3 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 2.6-2.6 Software and development costs 1.5-1.5 (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.
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. 2016 as Reconciliation to new format 2016 new format Broadcast Discontinued operations Inter-segment revenue (3) 2016 2016 2016 2016 2016 2016 m m m m m m Total revenue from external customers 224.8 (57.3) - - 121.6 45.9 Inter-segment revenue (1) 0.4-0.7-1.1 - Total revenue 225.2 (57.3) 0.7-122.7 45.9 profit (2) 21.0 (0.1) - 4.9 16.3 9.5 Restructuring costs (3.4) 1.8 - - (1.5) (0.1) Earnout payments and purchase price adjustment (1.3) - - - 0.2 (1.5) Transaction costs relating to acquisition of businesses (0.5) - - - - (0.5) Amortisation of acquired intangible assets (7.1) 2.1 - - (1.3) (3.7) Impairment of goodwill (12.1) 12.1 - - - - Operating profit (3.4) 15.9-4.9 13.7 3.7 Segment assets 182.1 (48.8) - - 88.3 45.0 Segment liabilities 38.2 (5.4) - - 26.9 5.9 Cash flows from activities 34.5 (8.6) - 4.9 24.5 6.3 Cash flows from investing activities (25.2) 3.5 - - (1.3) (20.4) Cash flows from financing activities - - - - - - Capital expenditure Property, plant and equipment 10.8 (7.2) - - 2.9 0.7 Software and development costs 1.8 (0.3) - - 1.1 0.4 (3) Change in inter-segment revenue represents revenue between and.
Segment reporting - H1 2017 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. H1 2017 as H1 2017 new format Continuing operations: Broadcast Photographic 2017 2017 2017 2017 2017 2017 2017 2017 2017 m m m m m m m m m Total revenue from external customers 86.5 78.4-164.9 78.4 55.7 30.8-164.9 Inter-segment revenue (1) 0.2 0.4 (0.6) - 0.4 0.2 - (0.6) - Total revenue 86.7 78.8 (0.6) 164.9 78.8 55.9 30.8 (0.6) 164.9 profit (2) 10.6 11.0-21.6 13.5 6.6 6.5 (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 7.4 10.9-18.3 13.4 6.0 3.9 (5.0) 18.3 Net finance expense (1.9) (1.9) Taxation (2.9) (2.9) Profit for the year 13.5 13.5 Segment assets 128.0 96.4 3.1 227.5 96.4 85.1 42.9 3.1 227.5 Unallocated assets Cash and cash equivalents 18.7 18.7 18.7 18.7 Current tax assets 0.9 0.9 0.9 0.9 Deferred tax assets 24.9 24.9 24.9 24.9 Total assets 272.0 272.0 Segment liabilities 31.6 31.6 4.2 67.4 31.6 24.6 7.0 4.2 67.4 Unallocated liabilities Interest-bearing loans and borrowings 71.3 71.3 71.3 71.3 Current tax liabilities 10.7 10.7 10.7 10.7 Deferred tax liabilities 2.3 2.3 2.3 2.3 Total liabilities 151.7 151.7
Segment reporting - H1 2017 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. H1 2017 as Photographic Reconciliation to new format H1 2017 new format 2017 2017 2017 m m m Total revenue from external customers 78.4-78.4 Inter-segment revenue (1) 0.4-0.4 Total revenue 78.8-78.8 profit (2) 11.0 2.5 13.5 Amortisation of acquired intangible assets (0.1) - (0.1) Operating profit 10.9 2.5 13.4 Segment assets 96.4-96.4 Segment liabilities 31.6-31.6
Segment reporting - H1 2017 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. H1 2017 as Reconciliation to new format H1 2017 new format Broadcast 2017 2017 2017 2017 m m m m Total revenue from external customers 86.5-55.7 30.8 Inter-segment revenue (1) 0.2-0.2 - Total revenue 86.7-55.9 30.8 profit (2) 10.6 2.5 6.6 6.5 Amortisation of acquired intangible assets (3.2) - (0.6) (2.6) Operating profit 7.4 2.5 6.0 3.9 Segment assets 128.0-85.1 42.9 Segment liabilities 31.6-24.6 7.0