BOC Report and accounts 2005 - Alle jaarverslagen

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112 The BOC Group plc Annual report and accounts 2005 Notes to the financial statements 11. Fixed assets – intangible assets continued b) Analysis of acquisitions and disposals The increase in positive goodwill represents the excess of the fair value of the purchase price over the provisional fair value of the net assets of businesses acquired.The most significant amounts are as follows: Positive Negative Amortisation goodwill goodwill period i) Businesses acquired £ million £ million Years 4 2005 G Van Dongen Holding BV 9.7 – 20 2004 There was no significant goodwill on acquisitions of subsidiary undertakings in the year. 2003 Praxair Polska 10.1 – 20 Environmental Management Corporation 1 32.3 – 15 2002 Seiko Instruments Inc – turbomolecular pumps business 2 59.4 – 20 Unique Gas and Petrochemicals Public Company Limited 17.5 – 20 Enron Teesside Operations Limited – industrial assets 9.6 – 15 Hydromatix Inc 5.6 – 15 Semco 3 3.8 – 15 Minorities in Osaka Sanso Kogyo KK – (5.0) 10 1. Restated in 2005 and 2004 to reflect an adjustment of £0.8 million to the fair value of the consideration. 2. Restated in 2003 to reflect an adjustment of £0.8 million to the fair value of the net assets. 3. Restated in 2003 to reflect an adjustment of £0.6 million to the fair value of the consideration. 4. Amortisation periods are those over which it is estimated that the value of the business acquired will exceed the value of the identifiable net assets of the business acquired. ii) Businesses disposed of Goodwill £ million 2005 Unique Gas and Petrochemicals Public Company Limited 14.8 Afrox Healthcare Limited 13.9 2004 US packaged gas business 9.1 2003 Osaka Sanso Kogyo KK (see note 28c)) (10.5)
Notes to the financial statements 113 12. Fixed assets – tangible assets a) Group summary Plant, Land and machinery Construction buildings and vehicles Cylinders in progress Total £ million £ million £ million £ million £ million Gross book value At 1 October 2004 600.3 4,216.9 571.3 141.9 5,530.4 Exchange adjustment 7.8 124.0 20.6 8.7 161.1 Capital expenditure 2 21.4 99.8 16.1 260.0 397.3 Disposals (7.5) (73.2) (5.7) (1.1) (87.5) Transfers (13.2) 131.7 31.8 (150.3) – Acquisitions of businesses 6.5 10.2 0.3 0.2 17.2 Disposals of businesses (130.7) (95.6) (18.0) (1.7) (246.0) At 30 September 2005 484.6 4,413.8 616.4 257.7 5,772.5 Depreciation At 1 October 2004 193.8 2,450.2 268.0 – 2,912.0 Exchange adjustment 3.1 72.7 8.7 – 84.5 Provided during the year 13.3 248.7 26.9 – 288.9 Disposals (1.3) (68.7) (4.5) – (74.5) Disposals of businesses (17.4) (56.9) (4.0) – (78.3) Transfers (13.7) 10.5 3.2 – – At 30 September 2005 177.8 2,656.5 298.3 – 3,132.6 Net book value at 1 October 2004 3 Owned assets 368.5 1,761.3 278.3 141.9 2,550.0 Leased assets 4 38.0 5.4 25.0 – 68.4 406.5 1,766.7 303.3 141.9 2,618.4 Net book value at 30 September 2005 3 Owned assets 274.9 1,744.9 298.5 257.7 2,576.0 Leased assets 4 31.9 12.4 19.6 – 63.9 306.8 1,757.3 318.1 257.7 2,639.9 1. Net book value of land and buildings at cost was £276.6 million (2004: £369.7 million). 2. Subsidiary undertakings only. Capital expenditure of joint ventures and associates is given in note 1. 3. Net book value includes net interest capitalised of £40.7 million (2004: £47.8 million).The tax effect of this is included in the deferred tax provision. 4. Leased assets are shown net of accumulated depreciation of £107.1 million (2004: £121.1 million). b) Depreciation and operating lease rentals 2005 2004 2003 £ million £ million £ million Depreciation on leased assets included above 6.2 6.5 8.1 Amortisation of capitalised interest included above 5.1 5.5 4.0 Operating lease rentals – hire of plant, machinery and vehicles 40.5 45.4 37.3 – property rent 26.5 31.6 34.3 c) Regional analysis The Group has numerous manufacturing, distribution and office facilities which are located in some 50 countries.At 30 September 2005, the Group’s property, plant and equipment, comprising land and buildings, plant, machinery, vehicles and cylinders were located regionally as follows: £ million % Europe (mainly the UK) 945.1 36 Americas (mainly the US) 805.6 31 Africa 166.3 6 Asia/Pacific 722.9 27 The above amounts are stated at cost net of accumulated depreciation. 2,639.9 100
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BOC Report and accounts 2005
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01 The BOC Group plc is a public li
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Financial highlights 03 Dividends p
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Chairman’s statement 05 Conduct a
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Chief executive’s review 07 Indus
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Board of directors 09 08 09 10 11 1
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Executive management board 11 09 10
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Group five year record 13 Capital e
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Group profile 15 Analysis of result
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Group profile 17 Principal industri
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Group profile 19 In China, signific
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Group profile 21 Sales opportunitie
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Employees 23 At 30 September 2005 t
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Employees 25 Retirement benefit pla
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Social, environmental and ethical p
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Research, development and informati
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Risk factors 39 BOC relies on devel
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Operating review 41 Exceptional ite
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Operating review (comparing 2005 wi
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Financial review 55 Net debt/equity
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Financial review 57 The balance she
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Financial review 59 Manganese litig
Page 63 and 64: Financial review 61 Current asset p
Page 65 and 66: Financial review 63 Average exchang
Page 67 and 68: Corporate governance 65 During the
Page 69 and 70: Corporate governance 67 Performance
Page 71 and 72: Corporate governance 69 During the
Page 73 and 74: Corporate governance 71 There is a
Page 75 and 76: Report on remuneration 73 Variable
Page 77 and 78: Report on remuneration 75 Current m
Page 79 and 80: Report on remuneration 77 Individua
Page 81 and 82: Report on remuneration 79 Executive
Page 83 and 84: Report on remuneration 81 Opening m
Page 85 and 86: Report on remuneration 83 Mr Médor
Page 87 and 88: Report by the independent auditors
Page 89 and 90: Group balance sheet At 30 September
Page 91 and 92: Total recognised gains and losses Y
Page 93 and 94: Accounting policies 91 General •
Page 95 and 96: Notes to the financial statements 9
Page 113: Notes to the financial statements 1
Page 141 and 142: Group undertakings 139 Principal Gr
Page 143 and 144: Shareholder information 141 The tab
Page 145 and 146: Shareholder information 143 Taxatio
Page 147 and 148: Shareholder information 145 Payment
Page 149 and 150: Glossary of terms 147 Terms used in
Page 151 and 152: ©The BOC Group plc 2005. Designed
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