2016_Halma_ARA_160610_2

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Notes to the Company Accounts continued C5 INVESTMENTS Shares in Group companies The increase of £2,516,000 comprises £991,000 for the 100% acquisition of Firetrace International Limited (Firetrace), £809,000 increase in investment in an existing subsidiary, Halma Euro Trading Limited, and an increase of £827,000 in the investment of Advanced Electronics Limited, offset by a decrease of £111,000 in the investment of ASL Holdings Limited (ASL). The latter two were due to changes in the estimate of contingent considerations payable. Subsidiaries 2 April 2016 £000 Name Country Class Group % A & G Security Electronics Limited United Kingdom Ordinary Shares 100* Accudynamics, LLC United States Common Stock 100 Accutome, Inc. United States Ordinary Shares 100 Adler Diamant BV Netherlands Ordinary Shares 100 Advanced Electronics Limited United Kingdom Ordinary Shares 100* Advanced Fire Systems Inc. United States Common Stock 100* Alicat Scientific, Inc. United States Common Stock 100 Analytical Development Company Limited United Kingdom Ordinary Shares 100* Apollo (Beijing) Fire Products Co. Ltd China Ordinary Shares 100 Apollo America, Inc. United States Common Stock 100 Apollo Fire Detectors Limited United Kingdom Ordinary & Deferred Shares 100* Apollo GmbH Germany Ordinary Shares 100 Aquionics, Inc. United States Ordinary Shares 100 ASL Holdings Limited United Kingdom Ordinary Shares 100* Avire Elevator Technology India Pte Ltd India Ordinary & Preference Shares 100 Avire Elevator Technology Shanghai Ltd China Ordinary Shares 100 Avire Global Pte Ltd Singapore Ordinary Shares 100 Avire Inc. United States Ordinary Shares 100 Avire Limited United Kingdom Ordinary Shares 100* Avire s.r.o. Czech Republic Ordinary Shares 100* Avo Photonics (Canada) Inc. Canada A & B Shares 100 Avo Photonics, Inc. United States A & B Preferred Stock & Common Stock 100 B.E.A. Holdings, Inc. United States Ordinary Shares 100 B.E.A. Inc. United States Ordinary Shares 100 B.E.A. Investments, Inc. United States Ordinary Shares 100 Baoding Longer Precision Pump Co., Ltd China Ordinary Shares 100 BEA Electronics (Beijing) Co Ltd China Ordinary Shares 100 BEA Japan KK Japan Ordinary Shares 100 Beijing Ker'Kang Instrument Limited Company China Ordinary Shares 100 Berson Milieutechniek BV Netherlands Ordinary Shares 100 Bio-Chem Fluidics, Inc. United States Ordinary Shares 100 Bureau d'Electronique appliquée S.A. Belgium Ordinary Shares 100 Castell Interlocks, Inc. United States Ordinary Shares 100 Castell Locks Limited United Kingdom Ordinary Shares 100* Castell Safety China Ltd China Ordinary Shares 100 Castell Safety International Limited United Kingdom Ordinary Shares 100* Castell Safety Technology Limited United Kingdom Ordinary Shares 100* CEF Safety Systems BV Netherlands Ordinary Shares 100 CenTrak, Inc. United States Common Stock 100 Cosasco Canada Ltd Canada Ordinary Shares 100 Cosasco Middle East (FZE) UAE Common Stock 100 Crowcon Detection Instruments Limited United Kingdom A & Ordinary Shares 100* Diba Industries Limited United Kingdom Ordinary Shares 100* 28 March 2015 £000 At cost less amounts written off at beginning of year 163,986 142,005 Increase in investments 2,516 21,981 At cost less amounts written off at end of year 166,502 163,986 166 164 Halma plc Annual Report and Accounts 2016
Notes to the Company Accounts continued C5 INVESTMENTS continued Subsidiaries continued Name Country Class Group % Diba Industries, Inc. United States Common Stock 100 Diba Japan K.K. Japan Ordinary Shares 100 Eco Rupture Disc Limited United Kingdom Ordinary Shares 100* Eiffel Investments Ltd Ireland Ordinary Shares 100 Eiffel Lux S.a.r.l. Luxembourg Ordinary Shares 100 Elfab Hughes Limited United Kingdom Ordinary Shares 100* Elfab Limited United Kingdom Ordinary Shares 100* F.I.R.E. Panel, LLC United States Ordinary Shares 100 Fabrication de Produits de Sécurité SaRL Tunisia Ordinary Shares 100 FFE Holdings Limited United Kingdom Deferred, A & Ordinary Shares 100* FFE Limited United Kingdom Ordinary Shares 100* Fiberguide Industries, Inc. United Kingdom Ordinary Shares 100 Fire Fighting Enterprises Limited United Kingdom Ordinary Shares 100* Firetrace Aerospace, LLC United States Ordinary Shares 100 Firetrace Export Corporation United States Common Stock 100 Firetrace International Asia Pte. Ltd Singapore Ordinary Shares 100 Firetrace International Limited United Kingdom Ordinary Shares 100* Firetrace USA, LLC United States Ordinary Shares 100 Fluid Conservation Systems, Inc. United States Ordinary Shares 100 Fortress Interlocks Limited United Kingdom Ordinary & Preferred Shares 100* Fortress Interlocks Pty Ltd Australia Ordinary Shares 100 Halma (China) Group China Ordinary Shares 100 Halma Do Brasil – Equipamentos Brazil Ordinary Shares 100 De Segurança Ltda Halma Euro Trading Limited United Kingdom Ordinary Shares 100* Halma Financing Limited United Kingdom Ordinary Shares 100 Halma Holding GmbH Germany Ordinary Shares 100 Halma Holdings, Inc. United States Ordinary Shares 100 Halma India Private Ltd India Ordinary Shares 100 Halma International BV Netherlands Ordinary Shares 100 Halma International Limited United Kingdom A & Ordinary Shares 100* Halma Investment Holdings Limited United Kingdom Ordinary Shares 100 Halma IT Services Limited United Kingdom Ordinary Shares 100* Halma Overseas Funding Limited United Kingdom Ordinary Shares 100 Halma PR Services Limited United Kingdom Ordinary Shares 100* Halma Resistors Unlimited United Kingdom Ordinary Shares 100 Halma Safety Limited United Kingdom Ordinary Shares 100* Halma Saúde e Otica do Brasil – Importação, Brazil Ordinary Shares 100 Exportação e Distribuição Ltda Halma Services Limited United Kingdom Ordinary Shares 100* Hanovia Limited United Kingdom Ordinary Shares 100* HFT Shanghai Co., Ltd China Ordinary Shares 100 HWM-Water Limited United Kingdom Ordinary Shares 100* Hydreka SAS France Ordinary Shares 100 Iso-Lok Limited United Kingdom Ordinary Shares 100* Keeler Instruments, Inc. United States Ordinary Shares 100 Keeler Limited United Kingdom Ordinary Shares 100* Kerry Ultrasonics Sdn Bhd Malaysia Ordinary Shares 100 Kirk Key Interlock Company, LLC United States Ordinary Shares 100 Klaxon Signals Limited United Kingdom Ordinary Shares 100* Labsphere, Inc. United States Ordinary Shares 100 Langer Instruments Corporation United States Ordinary Shares 100 Meadowbridge Holdings Limited United Kingdom Ordinary Shares 100* Medicel AG Switzerland A & B Preference & C Ordinary Shares 100 MicroSurgical Technology, Inc. United States Common Stock 100 Mistura Systems Limited United Kingdom Ordinary Shares 100* Morley Electronics Limited United Kingdom Ordinary Shares 100* Netherlocks Safety Systems BV Netherlands Ordinary Shares 100 STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS Halma plc Annual Report and Accounts 2016 167 165
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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
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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 and 166: Notes to the Company Accounts conti
Page 167: 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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