1 Accounting
policies
Basis of
preparation The financial
information for the first six
months of 2004 and 2003, which
is unaudited but has been reviewed
by the Company's auditor, does
not constitute statutory accounts
within the meaning of section
240 of the Companies Act 1985
and, is presented on the basis
of accounting policies set out
in the financial statements of
Elementis plc for the year ended
31 December 2003.
2 Segmental information
| |
Group
turnover
|
Group
operating profit/(loss)
|
| |
2004
|
|
2003
|
|
2003
|
|
2004
|
|
2003
|
|
2003
|
|
| |
Six
months
to
30 June
|
|
Six
months
to 30
June
|
|
Year
to
31 Dec
|
|
Six
months
to
30 June
|
|
Six
months
to 30
June
|
|
Year
to
31 Dec
|
|
| |
£million
|
|
£million
|
|
£million
|
|
£million
|
|
£million
|
|
£million
|
|
 |
| a)
Before goodwill amortisation
and exceptionals
|
|
| Analysis
by activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chromium |
53.1
|
|
62.4
|
|
121.9
|
|
(1.3
|
) |
4.8
|
|
6.8
|
|
|
| Inter-group turnover |
(3.0
|
) |
(3.0
|
) |
(5.7
|
) |
-
|
|
-
|
|
-
|
|
|
|
50.1
|
|
59.4
|
|
116.2
|
|
(1.3
|
) |
4.8
|
|
6.8
|
|
|
| Specialties and Pigments |
104.0
|
|
108.1
|
|
209.3
|
|
7.2
|
|
9.7
|
|
17.6
|
|
|
| Specialty Rubber |
22.7
|
|
21.2
|
|
42.7
|
|
(0.2
|
) |
-
|
|
-
|
|
|
| Associates |
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
0.1
|
|
|
|
176.8
|
|
188.7
|
|
368.2
|
|
5.7
|
|
14.5
|
|
24.5
|
|
|
| Analysis
by area of operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
88.6
|
|
101.2
|
|
198.2
|
|
7.7
|
|
10.6
|
|
18.7
|
|
|
| Europe |
74.0
|
|
75.7
|
|
144.6
|
|
(3.3
|
) |
2.9
|
|
3.9
|
|
|
| Rest of the World |
14.2
|
|
11.8
|
|
25.4
|
|
1.3
|
|
1.0
|
|
1.9
|
|
|
|
176.8
|
|
188.7
|
|
368.2
|
|
5.7
|
|
14.5
|
|
24.5
|
|
|
| |
|
| b)
After goodwill amortisation
and exceptionals |
|
| Analysis
by activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Chromium |
53.1
|
|
62.4
|
|
121.9
|
|
(2.3
|
) |
5.4
|
|
7.4
|
|
|
| Inter-group turnover |
(3.0
|
) |
(3.0
|
) |
(5.7
|
) |
-
|
|
-
|
|
-
|
|
|
|
50.1
|
|
59.4
|
|
116.2
|
|
(2.3
|
) |
5.4
|
|
7.4
|
|
|
| Specialties and Pigments |
104.0
|
|
108.1
|
|
209.3
|
|
1.6
|
|
2.0
|
|
3.7
|
|
|
| Specialty Rubber |
22.7
|
|
21.2
|
|
42.7
|
|
(0.2
|
) |
(0.1
|
) |
(0.3
|
) |
|
| Associates |
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
0.1
|
|
|
|
176.8
|
|
188.7
|
|
368.2
|
|
(0.9
|
) |
7.3
|
|
10.9
|
|
|
| Analysis
by area of operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
88.6
|
|
101.2
|
|
198.2
|
|
2.6
|
|
4.3
|
|
7.0
|
|
|
| Europe |
74.0
|
|
75.7
|
|
144.6
|
|
(4.8
|
) |
2.0
|
|
2.0
|
|
|
| Rest of the World |
14.2
|
|
11.8
|
|
25.4
|
|
1.3
|
|
1.0
|
|
1.9
|
|
|
|
176.8
|
|
188.7
|
|
368.2
|
|
(0.9
|
) |
7.3
|
|
10.9
|
|
|
Notes
to the financial statements
continues on the next page >
[Page
1 of 4]
|
