20645_Scapa_AR_160504

NOTES ON THE ACCOUNTS CONTINUED
FINANCIAL STATEMENTS
4. TANGIBLE FIXED ASSETS
Plant, equipment, fixtures
and computer systems
£m
Cost
At 1 April 2015 12.7
Additions 0.2
At 31 March 2016 12.9
Depreciation
At 1 April 2015 (12.0)
Depreciation (0.2)
At 31 March 2016 (12.2)
Net book value at 31 March 2016 0.7
Net book value at 31 March 2015 0.7
5. INVESTMENTS
Shares in Group
undertakings
£m
Cost
At 1 April 2015 134.8
Capital contribution 0.7
135.5
Provision for impairment
At 1 April 2015 -
Impairment reversal in the year -
Movement prior to disposals -
At 31 March 2016 -
Net book value at 31 March 2016 135.5
Net book value at 31 March 2015 134.8
No further investment impairment was required at 31 March 2016. Capital contributions were made to Scapa Brazil Ltda and Scapa Korea Co.
Ltd in the year.
The recoverable amount has been determined on a value in use basis on each cash-generating unit using the management approved 12-month
forecasts for each cash-generating unit. The base 12-month projection is inflated by 3.0% up to year 5, which management believes does not
exceed the long-term average growth rate for the industry, and then kept constant for years 6 to 20. For one high-growth cash-generating unit
growth rate of 10% has been used to reflect the specific circumstances of that unit. These cash flows are discounted at a pre-tax discount rate
of 10.0% and adjusted for specific risk factors that take into account the sensitivities of the projection.
The Company’s principal subsidiaries are shown in note [15].
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Scapa Group plc Annual Report and Accounts 2016
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ANNUAL REPORT AND ACCOUNTS 2016 SCAPA GROUP PLC