2016_Halma_ARA_160610_2

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Notes to the Company Accounts continued C1 ACCOUNTING POLICIES continued Pensions The Company makes contributions to defined contribution pension plans, which are charged against profits when they become payable. The Company also operates a Group-wide defined benefit pension plan. For defined benefit plans, the asset or liability recorded in the Company Balance Sheet is the difference between the fair value of the plan’s assets and the present value of the defined obligation at that date. The defined benefit obligation is calculated separately for the plan on an annual basis by an independent actuary using the projected unit credit method. Actuarial gains and losses are recognised in full in the year in which they occur, and are taken to other comprehensive income. Current and past service costs, along with the impact of settlements or curtailments, are charged to profit and loss. The unwinding of the discounting on the net liability is recognised within finance income or expense as appropriate. Taxation Tax on the profit or loss for the year comprises both current and deferred tax. Tax is recognised in the Profit and Loss Account except to the extent that it relates to items recognised either in other comprehensive income or directly in equity. Current tax is the expected tax payable, on the taxable income for the year, using tax rates enacted, or substantially enacted, at the balance sheet date, and any adjustments to tax payable in respect of previous years. Deferred taxation is provided on taxable temporary differences between the carrying amounts of assets and liabilities in the financial statements and their corresponding tax bases. Deferred tax is measured at the tax rates that are expected to apply in the periods in which the temporary differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax assets are only recognised if recovery is considered more likely than not on the basis of all available evidence. C2 RESULT FOR THE YEAR As permitted by Section 408(3) of the Companies Act 2006, the Profit and Loss Account of Halma plc is not presented as part of these accounts. The Company has reported a profit after taxation for the financial year of £95,803,000 (2015: £98,330,000 (restated)). Auditor’s remuneration for audit services to the Company was £201,000 (2015: £162,000). Total employee costs (including Directors) were: 53 weeks to 2 April 2016 £000 52 weeks to 28 March 2015 £000 Wages and salaries 5,865 6,539 Social security costs 683 615 Pension costs 414 423 6,962 7,577 53 weeks to 2 April 2016 Number Details of Directors’ remuneration are set out on pages 82 to 90 within the Remuneration Report and form part of these financial statements. 52 weeks to 28 March 2015 Number Number of employees (all in the UK) 48 49 164 162 Halma plc Annual Report and Accounts 2016
Notes to the Company Accounts continued C3 FIXED ASSETS – INTANGIBLE ASSETS Cost Computer Software £000 At 28 March 2015 (restated*) 827 Additions at cost 17 Disposals (46) Transfers (21) At 2 April 2016 777 Accumulated depreciation At 28 March 2015 (restated*) 722 Charge for the year 39 Disposals (46) Transfers 2 At 2 April 2016 717 Carrying amounts At 2 April 2016 60 At 28 March 2015 105 STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS C4 FIXED ASSETS – TANGIBLE ASSETS Cost * See note C14 Freehold properties £000 Plant equipment and vehicles £000 At 28 March 2015 (restated*) 3,043 1,805 4,848 Additions at cost – 148 148 Disposals – (434) (434) Transfers – 21 21 At 2 April 2016 3,043 1,540 4,583 Accumulated depreciation At 28 March 2015 (restated*) 480 1,125 1,605 Charge for the year 47 214 261 Disposals – (407) (407) Transfers – (2) (2) At 2 April 2016 527 930 1,457 Carrying amounts At 2 April 2016 2,516 610 3,126 At 28 March 2015 2,563 680 3,243 Total £000 Halma plc Annual Report and Accounts 2016 165 163
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Halma plc Annual Report and Account
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Highlights Another record year of r
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Infrastructure Safety Products whic
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Revenue from outside the USA, UK an
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Our decentralised organisational st
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INCREASING HEALTH AND SAFETY REGULA
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INCREASING DEMAND FOR LIFE-CRITICAL
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Acquisition focus Insight Our marke
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Insight Trapped key interlocking is
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Insight Regulations around the worl
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Insight People are living longer th
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Insight Many processes rely on prec
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Resources and relationships Committ
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GROW INNOVATE ACQUIRE EMPOWER STRAT
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INNOVATE GROW ACQUIRE EMPOWER STRAT
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process and one which is subject to
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Mitigation Increased risk No change
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Mitigation Increased risk No change
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a considerable impact on the oil an
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towards the use of more sensors, no
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A third of American adults suffer f
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Today 1.8 billion people drink faec
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Adjusted profit bridge £m 160 155
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fell from 21% to 20% this year, and
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The Group accounts for post-retirem
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ENVIRONMENTAL MANAGEMENT SYSTEM (EM
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In return, we offer: • The opport
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Our intention is to create effectiv
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PEOPLE AND CULTURE I reported in la
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CAROLE CRAN NON-EXECUTIVE DIRECTOR
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Corporate Governance Report Leaders
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Board governance structure Board Pr
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October 2015 • Group strategic pe
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The Board and Committee evaluations
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Jane Aikman is in her final term, h
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Audit Committee COMMITTEE CHAIRMAN
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POLICY ON AUDITOR INDEPENDENCE AND
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Remuneration Committee COMMITTEE CH
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REMUNERATION POLICY The remuneratio
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Opportunity Maximum opportunity: 15
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EXECUTIVE DIRECTOR SERVICE CONTRACT
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NON-EXECUTIVE DIRECTORS Unless othe
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SINGLE FIGURE OF TOTAL REMUNERATION
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The three-year period over which th
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PERCENTAGE CHANGE IN CEO REMUNERATI
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Date of grant As at 28 March 2015 G
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Other Statutory Information ACTIVIT
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The Companies Act 2006 also require
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Directors’ Responsibilities The D
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Risk Impairment of the carrying val
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AN OVERVIEW OF THE SCOPE OF OUR AUD
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Respective responsibilities of dire
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Consolidated Statement of Comprehen
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Consolidated Statement of Changes i
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Consolidated Cash Flow Statement Co
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Accounting Policies continued KEY A
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Critical accounting judgements Good
Page 115 and 116: Segmental reporting An operating se
Page 117 and 118: Accounting Policies continued Cash
Page 119 and 120: Cash and cash equivalents Cash and
Page 121 and 122: Notes to the Accounts continued 1 S
Page 123 and 124: Notes to the Accounts continued 1 S
Page 125 and 126: Notes to the Accounts continued 3 N
Page 127 and 128: Notes to the Accounts continued 6 P
Page 129 and 130: Notes to the Accounts continued 9 T
Page 131 and 132: Notes to the Accounts continued 11
Page 151 and 152: 26 FINANCIAL INSTRUMENTS continued
Page 153 and 154: 26 FINANCIAL INSTRUMENTS continued
Page 163 and 164: Company Statement of Changes in Equ
Page 165: Notes to the Company Accounts conti
Page 169 and 170: Notes to the Company Accounts conti
Page 171 and 172: Notes to the Company Accounts conti
Page 173 and 174: C12 RESERVES The Capital redemption
Page 175 and 176: C14 EXPLANATION OF TRANSITION TO FR
Page 177 and 178: 2009/10 £000 2010/11 £000 2011/12
Page 179 and 180: Principal locations Telephone E-mai
Page 181 and 182: Principal locations Telephone E-mai
Page 183 and 184: DIVIDEND REINVESTMENT PLAN The Comp
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2016_Halma_ARA_160610_2

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