2016_Halma_ARA_160610_2

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Summary Summary 2007 2007 to to 2016 2016 All years are presented under IFRS. 2006/07 £000 2007/08 £000 Notes: 1. Continuing and discontinued operations. 2. Adjusted to remove the amortisation of acquired intangible assets and acquisition transaction costs, release of fair value adjustments to inventory, and adjustments to contingent consideration (collectively ‘acquisition items’). IFRS figures include results of operations up to the date of their sales or closure but exclude material discontinued and continuing profits on sales or closures of operations. In 2013/14 only, the effects of closure to future benefit accrual of the defined benefit pension plans have also been removed. 3. Return on Sales is defined as profit before taxation, the amortisation of acquired intangible assets; acquisition items (from 2010/11); profit or loss on disposal of operations; and the effects of closure to future benefit accrual of the defined benefit pension plans net of associated costs (2013/14 only) expressed as a percentage of revenue. 4. See note 3 to the Report and Accounts for the definitions of ROCE and ROTIC. The ROCE and ROTIC measures were restated in 2014/15 and for all prior years to use an average Capital Employed and Total Invested Capital respectively. This measure is considered to be more representative. 5. IAS 19 (as revised in June 2011) ‘Employee Benefits’ was adopted by the Group in 2013/14. To aid comparison, and as required by IAS 19 (revised), the Consolidated Financial Statements and affected notes for 2012/13 were restated as if IAS 19 (revised) had always applied during that year. Results prior to 2012/13 were not restated. 2008/09 £000 Revenue (note 1) 354,606 397,955 455,928 Overseas sales (note 1) 258,050 288,701 351,522 Profit before taxation, and adjustments (note 2) 66,091 73,215 79,087 Net tangible assets/capital employed 113,048 134,320 173,128 Borrowings (excluding overdrafts) 29,762 72,393 86,173 Cash and cash equivalents (net of overdrafts) 22,051 28,118 34,987 Employees (note 1) 3,326 3,683 4,018 Earnings per ordinary share (note 1) 11.86p 13.49p 14.07p Adjusted earnings per ordinary share (note 2) 12.42p 13.86p 15.30p Year-on-year increase in adjusted earnings per ordinary share 10.9% 11.5% 10.4% Return on Sales (notes 1 and 3) 18.6% 18.4% 17.3% Return on Capital Employed (restated – note 4) 62.2% 60.6% 53.7% Return on Total Invested Capital (restated – note 4) 14.3% 14.8% 14.2% Year-on-year increase in dividends per ordinary share (paid and proposed) 5% 5% 5% Ordinary share price at financial year end 220p 192p 156p Market capitalisation at financial year end £821.8m £717.7m £583.7m 174 172 Halma plc Annual Report and Accounts 2016
2009/10 £000 2010/11 £000 2011/12 £000 2012/13 £000 (Restated) (note 5) 2012/13 £000 2013/14 £000 2014/15 £000 2015/16 £000 459,118 518,428 579,883 619,210 619,210 676,506 726,134 807,805 360,779 412,297 454,270 503,635 503,635 548,629 587,822 662,984 86,214 104,551 120,465 130,661 128,543 140,249 153,618 166,014 145,519 146,964 163,283 188,701 188,701 189,707 219,148 259,373 21,924 79,688 64,014 160,013 160,013 107,622 140,419 296,244 31,006 42,610 45,305 49,723 49,723 33,126 39,525 49,526 3,689 3,875 4,347 4,716 4,716 4,999 5,328 5,604 16.10p 19.23p 23.01p 25.22p 24.79p 28.14p 27.49p 28.76p 16.89p 20.49p 24.46p 26.22p 25.79p 28.47p 31.17p 34.26p 10.4% 21.3% 19.4% 7.2% 5.4% 10.4% 9.5% 9.9% 18.8% 20.2% 20.8% 21.1% 20.8% 20.7% 21.2% 20.6% 55.9% 72.2% 78.6% 76.4% 75.8% 76.6% 77.6% 72.3% 14.0% 16.0% 17.6% 16.9% 16.6% 16.7% 16.3% 15.6% 7% 7% 7% 7% 7% 7% 7% 7% 259p 355p 381p 518p 518p 579p 701p 912p £978.1m £1,342.7m £1,440.8m £1,962.6m £1,962.6m £2,192.6m £2,661.3m £3,462.4m STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS Halma plc Annual Report and Accounts 2016 173 175
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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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Cash and cash equivalents Cash and
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Notes to the Accounts continued 1 S
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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 173 and 174: C12 RESERVES The Capital redemption
Page 175: C14 EXPLANATION OF TRANSITION TO FR
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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