Vesuvius plc Prospectus

5.2 Income statement
HY 2011
(Unaudited)
Precious
Metals
Steel Foundry Processing
(£m)
Unallocated Total
Segment revenue ........................ 538.4 312.9 151.5 — 1,002.8
Net sales value .......................... 538.4 312.9 65.1 — 916.4
Segment EBITDA ....................... 68.1 52.1 8.5 — 128.7
Segment depreciation ..................... (12.2) (9.5) (1.8) — (23.5)
Segment result .......................... 55.9 42.6 6.7 — 105.2
Corporate costs .......................... — — — (4.3) (4.3)
Trading profit .......................... 55.9 42.6 6.7 (4.3) 100.9
Amortisation of intangible assets ............ — — — (8.9) (8.9)
Restructuring charges ..................... (0.3) (1.2) (0.1) — (1.6)
Profit/(loss) from operations ............... 55.6 41.4 6.6 (13.2) 90.4
Finance costs:
– Ordinary activities ...................... (30.6)
– Exceptional items ....................... (1.9)
Finance income .......................... 18.3
Share of post-tax loss of joint ventures ........ (0.8)
Profit before tax ......................... 75.4
Return on sales (%) ...................... 10.4 13.6 4.4 — 10.1
Return on net sales value (%) ............. 10.4 13.6 10.3 — 11.0
Capital expenditure additions (£m) ......... 9.4 9.4 1.0 — 19.8
Steel Foundry
HY 2012
(Unaudited)
Precious
Metals
Processing
(£m)
Unallocated Total
Segment revenue .......................... 530.4 288.8 118.6 — 937.8
Net sales value ............................ 530.4 288.8 55.1 — 874.3
Segment EBITDA ......................... 68.2 41.1 10.0 — 119.3
Segment depreciation ....................... (12.7) (10.0) (0.4) — (23.1)
Segment result ............................ 55.5 31.1 9.6 — 96.2
Corporate costs ............................ — — (5.0) (5.0)
Trading profit ............................ 55.5 31.1 9.6 (5.0) 91.2
Amortisation of intangible assets .............. — — — (8.8) (8.8)
Restructuring charges ....................... (0.4) (15.3) 0.3 — (15.4)
Profit/(loss) from operations ................ 55.1 15.8 9.9 (13.8) 67.0
Finance costs ............................. (27.5)
Finance income ............................ 15.2
Share of post-tax loss of joint ventures ......... (0.6)
Loss on disposal of continuing operations ....... (7.1)
Profit before tax .......................... 47.0
Return on sales (%) ....................... 10.5 10.8 8.1 — 9.7
Return on net sales value (%) ............... 10.5 10.8 17.4 — 10.4
Capital expenditure additions (£m) .......... 14.6 4.5 0.6 — 19.7
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