2016_Halma_ARA_160610_2

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Notes to the Company Accounts continued C5 INVESTMENTS continued Subsidiaries continued Name Country Class Group % Netherlocks Safety Systems GmbH Germany Ordinary Shares 100 Ocean Optics (Shanghai) Co., Ltd China Ordinary Shares 100 Ocean Optics Asia LLC United States Common Stock 100 Ocean Optics BV Netherlands Ordinary Shares 100 Ocean Optics Germany GmbH Germany Ordinary Shares 100 Ocean Optics, Inc. United States Ordinary Shares 100 Oklahoma Safety Equipment Co, Inc. United States Ordinary Shares 100 Palintest Limited United Kingdom Ordinary & Deferred Shares 100* Palmer Environmental Limited United Kingdom Ordinary Shares 100* Palmer Environmental Services Limited United Kingdom A & Ordinary Shares 100* Perma Pure India Pte Ltd India Ordinary Shares 100 Perma Pure, LLC United States Ordinary Shares 100 Pixelteq, Inc. United States Ordinary Shares 100 Power Equipment Limited United Kingdom Preference & Ordinary Shares 100* Radcom (Technologies) Limited United Kingdom Ordinary Shares 100* Radio-Tech Limited United Kingdom Ordinary Shares 100* RCS Corrosion Services Sdn. Bhd Malaysia Ordinary Shares 100 Research Engineers Limited United Kingdom Ordinary Shares 100* Reten Acoustics Limited United Kingdom Ordinary Shares 100* Riester USA, LLC United States Ordinary Shares 100 Robutec AG Switzerland Ordinary Shares 100 Robutec Wolfhalden GmbH Switzerland Ordinary Shares 100 Rohrback Cosasco International Limited British Virgin Islands Ordinary Shares 100 Rohrback Cosasco System China Corporation China Common Stock 100 Rohrback Cosasco Systems LLC Saudi Arabia Common Stock 100 Rohrback Cosasco Systems Pte Ltd Singapore Ordinary Shares 100 Rohrback Cosasco Systems Pty Ltd Australia Ordinary Shares 100 Rohrback Cosasco Systems UK Limited United Kingdom Ordinary Shares 100 Rohrback Cosasco Systems, Inc United States Common Stock 100 Rudolf Riester GmbH Germany Ordinary Shares 100 S.E.R.V. Trayvou Interverrouillage SA France Ordinary Shares 100 Sensorex Corporation United States Common Stock 100 Shanghai Labsphere Optical Equipments Co., Ltd China Ordinary Shares 100 Smith Flow Control (Australia) Pty Ltd Australia Ordinary Shares 100 Smith Flow Control Limited United Kingdom Ordinary Shares 100* Smith Flow Control, Inc. United States Ordinary Shares 100 Sonar Research & Development Limited United Kingdom Ordinary Shares 100* SunTech Group EB Trustee Limited United States Ordinary Shares 100 SunTech Medical (USA), LLC United States Common Stock 100 SunTech Medical Devices (Shenzhen) Co. Ltd China Ordinary Shares 100 SunTech Medical Group Limited United Kingdom Ordinary Shares 100 SunTech Medical Limited United Kingdom Ordinary Shares 100 SunTech Medical Ltd (Hong Kong) Hong Kong Ordinary Shares 100 SunTech Medical, Inc. United States Common Stock 100 Swift 943 Limited United Kingdom Ordinary Shares 100* T.L. Jones Ltd New Zealand Ordinary Shares 100 Talentum Developments Limited United Kingdom Ordinary Shares 100* Telegan Gas Monitoring Limited United Kingdom Ordinary Shares 100* Texecom Limited United Kingdom Ordinary Shares 100* Thinketron Precision Equipment Company Ltd Hong Kong Ordinary Shares 100 Value Added Solutions LLC United States Common Stock 100 Visiometrics S.L. Spain Ordinary Shares 100 Visual Performance Diagnostics, Inc. United States Common Stock 100 Volk Optical Inc. United States Common Stock 100 Wilkinson & Simpson Limited United Kingdom Deferred & Ordinary Shares 100* * Directly held by the Company 168 166 Halma plc Annual Report and Accounts 2016
Notes to the Company Accounts continued C6 DEBTORS Derivative financial instruments in the prior year related to a Swiss Franc swap contract. The swap was closed out during year and the gain taken to the Profit and Loss Account. C7 BORROWINGS 2 April 2016 £000 28 March 2015 £000 Amounts falling due within one year: Amounts due from Group companies 37,545 38,029 Derivative financial instruments – 129 Other debtors 2 – Prepayments and accrued income 7,986 6,530 45,533 44,688 Amounts falling due after more than one year: Amounts due from Group companies 602,135 415,225 2 April 2016 £000 28 March 2015 £000 Falling due within one year: Overdrafts 13,446 10,675 Loan notes 336 – 13,782 10,675 Falling due after more than one year: Unsecured loan notes 172,112 657 Unsecured bank loans 123,796 139,762 295,908 140,419 Total borrowings 309,690 151,094 STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS The Company has two sources of long-term funding, which comprise: an unsecured five-year £360m revolving credit facility, which expires in November 2018 and is therefore classified as expiring within two to five years (2015: within two to five years). At 2 April 2016 £236,204,000 (2015: £220,238,000) remained committed and undrawn, and unsecured loan notes agreed on 2 November 2015 in a mix of Sterling, US Dollars and Euro with borrowing periods of five, seven and ten years. At 2 April 2016 the outstanding loan notes totalled £171,870,000 (2015: £nil). The loan notes are classified as falling due after more than one year. Further details are included in note 26 to the Group accounts. Included in loan notes due after more than one year, is £242,000 (2015: £657,000) of unsecured loan notes issued in respect of the Advanced acquisition. These attract interest at 1% and are convertible into cash at par on each anniversary of the acquisition date until 14 May 2019. The loan notes due within one year were converted into cash at par on 14 May 2016. The bank overdrafts, which are unsecured, at 2 April 2016 and 28 March 2015 were drawn on uncommitted facilities which all expire within one year, and were held pursuant to a Group pooling arrangement which offsets them against credit balances in subsidiary undertakings. The Company is part of an arrangement between UK subsidiaries whereby overdraft facilities of £15,305,000 (2015: £17,990,000) are cross-guaranteed. Of these facilities £4,412,000 (2015: £64,000) was drawn. Halma plc Annual Report and Accounts 2016 169 167
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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
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Accounting Policies continued Cash
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Page 121 and 122: Notes to the Accounts continued 1 S
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Page 125 and 126: Notes to the Accounts continued 3 N
Page 127 and 128: Notes to the Accounts continued 6 P
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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 and 168: Notes to the Company Accounts conti
Page 169: 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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