95
Annual Report and Accounts 2014
The following table illustrates how the segmental assets and liabilities reconcile to the overall total assets and liabilities reported in the balance sheet.
Assets
Liabilities
2014
2013
2014
2013
£m
£m
£m
£m
Continuing operations
1,170.5
1,239.4
321.3
342.7
IMI Critical Engineering
590.2
642.4
183.6
187.3
IMI Precision Engineering
430.6
434.6
91.9
102.9
IMI Hydronic Engineering
149.7
162.4
45.8
52.5
Retail Dispense (Classified as held for sale in 2013)
-
257.1
-
61.6
Beverage Dispense
-
158.4
-
37.3
Merchandising
-
98.7
-
24.3
Total segmental assets/liabilities
1,170.5
1,496.5
321.3
404.3
Corporate items
17.4
32.4
71.4
79.8
Employee benefits
60.2
0.3
94.9
159.0
Investments
26.9
20.3
-
-
Net debt items
43.8
99.9
243.8
299.3
Net taxation and others
54.2
52.1
87.5
111.6
Total assets and liabilities in Group balance sheet
1,373.0
1,701.5
818.9
1,054.0
The table above includes the following assets and liabilities classified as held for sale:
Assets
Liabilities
2014
2013
2014
2013
£m
£m
£m
£m
Total segmental assets/liabilities held for sale
-
257.1
-
61.6
Employee benefits
-
-
-
0.8
Investments
-
0.1
-
-
Net taxation and others
-
32.2
-
14.9
Total assets/liabilities held for sale (section 2.5)
-
289.4
-
77.3
The following table includes other information to show how certain elements of cost reported in the income statement are allocated between the segments
of the Group. The comparative restructuring costs, depreciation and amortisation for the Retail Dispense businesses were reported in discontinued operations
and the capital expenditure for these businesses was included in assets held for sale at 31 December 2013.
Restructuring
Capital
costs*
Expenditure
Amortisation**
Depreciation
2014
2013
2014
2013
2014
2013
2014
2013
£m
£m
£m
£m
£m
£m
£m
£m
Continuing operations
11.2
14.2
65.3
44.8
24.6
27.1
32.5
33.5
IMI Critical Engineering
5.1
2.1
27.0
14.9
18.8
20.4
10.6
10.8
IMI Precision Engineering
5.8
8.8
25.6
22.9
4.3
5.2
15.3
15.8
IMI Hydronic Engineering
0.3
3.3
12.7
7.0
1.5
1.5
6.6
6.9
Retail Dispense - discontinued operations
-
3.0
-
8.4
-
1.3
-
3.9
Beverage Dispense
-
1.7
-
6.7
-
1.3
-
3.4
Merchandising
-
1.3
-
1.7
-
-
-
0.5
Subtotal
11.2
17.2
65.3
53.2
24.6
28.4
32.5
37.4
Corporate
-
-
5.5
0.2
-
-
0.5
0.5
Total
11.2
17.2
70.8
53.4
24.6
28.4
33.0
37.9
* Restructuring costs in 2014 include both exceptional and non-exceptional.
** The amortisation figures above include the amortisation of acquired intangibles. £17.2m (2013: £18.9m) is included in respect of Critical Engineering,
£2.1m (2013: £2.7m) is included in respect of Precision Engineering and £0.3m (2013: £0.3m) is included in respect of Hydronic Engineering.