QinetiQ Annual Report 2017

114
114
Financial
Financial statements
statements QinetiQ
QinetiQ Group
Group
plc
plc
Annual
Annual
Report
Report
and
and
Accounts
Accounts
2017
2017
www.qinetiq.com
Notes to the financial statements continued
3. Segmental analysis continued
Depreciation and amortisation by business segment – excluding specific adjusting items
For the year ended 31 March 2017
all figures in £ million EMEA Services Global Products Total
Depreciation of property, plant and equipment 24.8 1.6 26.4
Amortisation of purchased or internally developed
intangible assets 1.4 1.2 2.6
26.2 2.8 29.0
For the year ended 31 March 2016
all figures in £ million EMEA Services Global Products Total
Depreciation of property, plant and equipment 21.1 1.9 23.0
Amortisation of purchased or internally developed
intangible assets 1.3 1.5 2.8
Excludes specific adjusting items not included within the measure of operating profit reported to the chief operating decision maker.
Non-current assets* by geographic location
22.4 3.4 25.8
all figures in £ million UK Rest of World Total
Year ended 31 March 2017 303.0 78.3 381.3
UK Rest of World Total
Year ended 31 March 2016 264.3 50.5 314.8
* excluding deferred tax, financial instruments and retirement benefit surplus.
4. ‘Specific adjusting items’
In the income statement, the Group presents specific adjusting items separately. In the judgement of the Directors, for the reader to obtain a proper understanding
of the financial information, specific adjusting items need to be disclosed separately because of their size and nature. Underlying measures of performance exclude
specific adjusting items. The following specific adjusting items have been (charged)/credited in the consolidated income statement:
all figures in £ million Note 2017 2016
Profit on disposal of property 18.4 0.3
Acquisition costs (1.0) –
Specific adjusting items before amortisation, depreciation and impairment 17.4 0.3
Impairment of goodwill 13 – (31.9)
Amortisation of intangible assets arising from acquisitions (1.0) (2.0)
Specific adjusting items operating profit/(loss) 16.4 (33.6)
Gain on business divestments (sale of Cyveillance) – 16.2
Defined benefit pension scheme net finance expense (1.0) (1.1)
Specific adjusting items profit/(loss) before tax 15.4 (18.5)
Specific adjusting items – tax 8 4.1 21.2
Specific adjusting items profit after tax – continuing operations 19.5 2.7
Profit on disposal of subsidiary – discontinued operations – 7.5
Total specific adjusting items profit after tax 19.5 10.2
Reconciliation of underlying profit for the year to total profit for the year
Underlying profit after tax – total Group 103.8 95.9
Total specific adjusting items profit after tax 19.5 10.2
Total profit for the year attributable to equity shareholders 123.3 106.1