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Management currently identify the Group's three operating segments based on trading activity (see note 2.18). These operating segments are monitored by the Group's Chief Operating Decision Maker and strategic decisions are made on the basis of adjusted segment operating results. Inter-segment revenue arises on the sale of goods between Group undertakings.

The Directors believe that the underlying operating profit provides additional useful information on underlying trends to Shareholders. The term 'underlying' is not a defined term under IFRS and may not be comparable with similarly titled profit measurements reported by other companies. A reconciliation of the underlying operating result to operating result from continuing operations is shown below. The principal adjustments made are in respect of the separately disclosed items as detailed in note 4; the Directors consider that these should be reported separately as they do not relate to the performance of the segments.

Segment information for the reporting periods is as follows:

For the year ended 31 December 2017
Flowtechnology
£000
Power
Motion
Control
£000
Process
£000
Inter-
segmental
transactions
£000
Central
costs
£000
Total
continuing
operations
£000
Income statement – continuing operations:
Revenue from external customers37,23934,8066,24278,287
Inter-segment revenue1,746340105(2,191)
Total revenue38,98535,1466,347(2,191)78,287
Underlying operating result7,5242,7881,105(2,336)9,081
Net financing (costs)/income(13)(15)(19)(528)(575)
Underlying segment result7,5112,7731,086(2,864)8,506
Separately disclosed items (see note 4)(103)(1,018)(200)(1,146)(2,467)
Profit before tax7,4081,755886(4,010)6,039
Specific disclosure items
Depreciation44717924650
Amortisation19609140768
Reconciliation of underlying operating result to operating profit:
Underlying operating result7,5242,7881,105(2,336)9 081
Separately disclosed items (see note 4)(103)(1,018)(200)(1,146)(2,467)
Operating profit/(loss)7,4211,770905(3,482)6,614
For the year ended 31 December 2016
Flowtechnology £000Power Motion Control
£000
Process £000Inter- segmental transactions £000Central
costs
£000
Total continuing operations £000
Income statement – continuing operations:
Revenue from external customers35,11315,8302,83753,780
Inter-segment revenue1,645585199(2,429)
Total revenue36,75816,4153,036(2,429)53,780
Underlying operating result7,6261,823402(2,397)7,454
Net financing (costs)/income(1)(65)(39)(505)(610)
Underlying segment result7,6251,758363(2,902)6,844
Separately disclosed items (see note 4)(180)40(58)(1,119)(1,317)
Profit before tax7,4451,798305(4,021)5,527
Specific disclosure items
Depreciation38911224526
Amortisation1648865569
Reconciliation of underlying operating result to operating profit:
Underlying operating result7,6261,823401(2,397)7,454
Separately disclosed items (see note 4)(180)40(57)(1,119)(1,317)
Operating profit/(loss)7,4461,863344(3,516)6,137

The Group's revenue from external customers for each sales category is as follows:

2017
£000
2016
£000
Sales of goods76,68853,780
Supply, installation and commissioning1,599
78,28753,780

The Group's revenues from external customers and its non-current assets (other than financial instruments and deferred tax assets) are divided into the following geographic areas:

31 December 201731 December 2016
Revenue
£000
Non-current assets
£000
Revenue
£000
Non-current assets
£000
United Kingdom64,50465,75444,13355,118
Europe12,2995,6848,8061,488
Rest of the World1,484841
Total78,28771,43853,78056,606

No customers of the Group account for 10% or more of the Group's revenue for either of the years ended 31 December 2016 or 2017. Non-current assets are allocated based on their physical location.

Central costs relate to the Service Centre team and central activities, Executive Management team, plc costs and finance expenses associated with Group loans as detailed in note 6 and separately disclosed items, as detailed in note 4.