BOC Report and accounts 2005 - Alle jaarverslagen

Notes to the financial statements 95
1. Segmental information continued
Joint ventures
Associates
Industrial
Industrial
Process Gas and Special BOC Process Gas and Special BOC Afrox
Solutions Products Edwards Solutions Products Edwards hospitals
£ million £ million £ million £ million £ million £ million £ million
2003
Turnover 1 191.9 221.6 130.8 30.9 8.6 5.7 15.4
Operating profit before exceptional items 1 39.0 25.6 22.2 5.8 0.7 1.4 3.5
Operating exceptional items 1 (2.5) (1.8) (2.5) – – – –
Operating profit 36.5 23.8 19.7 5.8 0.7 1.4 3.5
Capital employed 2 183.8 108.2 118.0 40.8 7.2 3.3 8.3
Capital expenditure 40.7 10.5 20.7 8.0 1.1 0.4 –
Group share 17.7 5.1 10.3 2.5 0.3 0.2 –
Other partners 23.0 5.4 10.4 5.5 0.8 0.2 –
Depreciation and amortisation 1 28.0 10.1 9.6 5.4 1.2 0.6 0.7
1. Group share.
2. Capital employed comprises the Group’s share of the net assets of joint ventures or associates.
e) Joint ventures and associates – regional analysis
Joint ventures
Associates
Americas Asia/Pacific Americas Africa Asia/Pacific
£ million £ million £ million £ million £ million
2005
Turnover 1 140.2 587.6 41.5 57.7 23.3
Operating profit before exceptional items 1 24.1 83.0 3.7 10.2 6.6
Operating exceptional items 1 – – – – –
Operating profit 24.1 83.0 3.7 10.2 6.6
Capital employed 2 (10.8) 302.3 16.0 31.6 33.1
Capital expenditure 103.2 161.1 0.1 17.8 3.7
Group share 64.0 76.9 – 2.0 1.1
Other partners 39.2 84.2 0.1 15.8 2.6
2004
Turnover 1 87.6 559.4 26.5 17.4 23.0
Operating profit before exceptional items 1 17.2 82.2 1.1 4.7 7.3
Operating exceptional items 1 – (2.6) – – –
Operating profit 17.2 79.6 1.1 4.7 7.3
Capital employed 2 (30.0) 288.7 12.5 9.7 30.2
Capital expenditure 6.0 98.1 0.1 – 4.8
Group share 2.4 45.5 – – 1.3
Other partners 3.6 52.6 0.1 – 3.5
2003
Turnover 1 68.0 476.3 19.1 15.4 26.1
Operating profit before exceptional items 1 19.1 67.7 (0.7) 3.5 8.6
Operating exceptional items 1 – (6.8) – – –
Operating profit 19.1 60.9 (0.7) 3.5 8.6
Capital employed 2 26.5 383.5 13.1 8.3 38.2
Capital expenditure 13.8 58.1 6.0 – 3.5
Group share 5.4 27.7 1.8 – 1.2
Other partners 8.4 30.4 4.2 – 2.3
1. Group share.
2. Capital employed comprises the Group’s share of the net assets of joint ventures or associates.
3. The decrease in capital employed of joint ventures in 2004 is principally due to the acquisition of an additional 30 per cent ownership interest in the Cantarell joint venture (see note 28a)).
4. The Afrox hospitals business was accounted for as a subsidiary company until March 2005 and thereafter as an associated company, following the disposal of BOC’s controlling interest.