Weir Group 2013 Interim Report (PDF, 0.59 MB) - The Weir Group

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Notes to the Financial Statements (continued)13. Related party disclosuresThe following table provides the total amount of significant transactions which have been entered into with relatedparties for the relevant financial period and outstanding balances at the period end.52 weeks ended28 Dec 2012£m26 weeks ended28 June 2013£m26 weeks ended29 June 2012£m1.0 Sales of goods to related parties – joint ventures 1.6 0.10.2 Sales of services to related parties – joint ventures – –1.7 Purchases of goods from related parties – joint ventures – 1.02.6 Purchases of services from related parties – joint ventures 1.2 0.11.4 Amounts owed to related parties – group pension plans 1.2 1.114. Legal claimsThe Company and certain subsidiaries are, from time to time, parties to legal proceedings and claims which arise inthe normal course of business.On 6 February 2013, an Opinion & Order was filed with the United States District Court, Southern District of NewYork dismissing the claim against the Company (being one of many companies targeted) relating to a civil action fordamages arising from the UN Oil for Food programme which was raised in the US. Subsequently the Iraqi Governmentfiled notice of appeal and at the time of writing there has been no ruling by the Court on this appeal. We will continueto defend this action vigorously.To the extent not already provided for, the directors do not anticipate that the outcome of these proceedings andclaims, either individually or in aggregate, will have a material adverse effect upon the Group’s financial position.15. Exchange ratesThe principal exchange rates applied in the preparation of these interim condensed financial statements were asfollows.52 weeks ended28 Dec 2012Average rate (per £)26 weeks ended28 June 201326 weeks ended29 June 20121.58 US dollar 1.54 1.581.53 Australian dollar 1.51 1.531.23 Euro 1.18 1.221.58 Canadian dollar 1.57 1.593.10 Brazilian real 3.13 2.94770.51 Chilean peso 736.46 776.9813.01 South African rand 14.17 12.53Closing rate (per £)1.62 US dollar 1.52 1.551.56 Australian dollar 1.64 1.551.22 Euro 1.17 1.251.61 Canadian dollar 1.60 1.603.30 Brazilian real 3.33 3.24775.72 Chilean peso 768.21 789.6813.69 South African rand 15.20 13.0634 The Weir Group PLC Interim Report 2013
Directors Statement of ResponsibilitiesThe directors confirm that this condensed set of financial statements has been prepared in accordance with IAS34“Interim Financial Reporting” as adopted by the European Union, and that the interim management report hereinincludes a fair review of the information required by the Disclosure and Transparency Rules of the Financial ServicesAuthority, paragraphs DTR 4.2.7 and DTR 4.2.8.The directors of The Weir Group PLC are listed in the Group’s 2012 Annual Report, with the exception of CharlesBerry who joined the Board on 1 March 2013 and was appointed Deputy Chairman on 1 May 2013.A list of current directors is maintained on The Weir Group PLC website which can be found at www.weir.co.uk.On behalf of the BoardJon StantonFinance Director30 July 201335
Page 1 and 2: The Weir Group PLCInterim Report 20
Page 3 and 4: Highlights2013Results for the 26 we
Page 5 and 6: General OverviewOverall Group first
Page 7 and 8: Earnings per share from continuing
Page 9 and 10: Strategic progressThe Minerals divi
Page 11 and 12: Strategic progressThe integration o
Page 13 and 14: Operational performanceOrder input
Page 15 and 16: OutlookMineralsSupported by the ope
Page 17 and 18: Consolidated Statement of Comprehen
Page 19 and 20: Consolidated Cash Flow Statementfor
Page 21 and 22: Capitalredemptionreserve£ming of t
Page 23 and 24: 2. Segment informationFor managemen
Page 25 and 26: 52 weeks ended 28 December 2012Mine
Page 27 and 28: 5. Earnings per shareBasic earnings
Page 29 and 30: 7. Property, plant & equipment & in
Page 31 and 32: 9. Interest-bearing loans and borro
Page 33 and 34: The Group enters into derivative fi
Page 35: The following tables summarise the
Page 39 and 40: Shareholder InformationFinancial Ca

Weir Group 2013 Interim Report (PDF, 0.59 MB) - The Weir Group

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