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ELN » Topics » Restructuring Accrual

This excerpt taken from the ELN 6-K filed Mar 30, 2009.
Restructuring Accrual
 
The following summarises activities related to the restructuring accrual:
 
                                 
                Other
 		       
    Facilities
 		    Severance
 		    costs
 		    Total
 		 
    $m     $m     $m     $m  
 
 
Balances at 1 January 2007
    0.6       6.2       —       6.8  
Restructuring and other charges
    1.3       30.7       1.3       33.3  
Reversal of prior year accrual
    —       (0.9 )     —       (0.9 )
Cash payments
    (0.8 )     (24.8 )     (0.1 )     (25.7 )
Non-cash charges
    —       (1.7 )     (1.2 )     (2.9 )
                                 
Balances at 31 December 2007
    1.1       9.5       —       10.6  
                                 
Restructuring and other charges
    0.8       20.3       1.6       22.7  
Reversal of prior year accrual
    —       (0.6 )     —       (0.6 )
Cash payments
    (1.9 )     (17.2 )     —       (19.1 )
Non-cash charges
    —       (1.3 )     (1.4 )     (2.7 )
                                 
Balances at 31 December 2008
    —       10.7       0.2       10.9  
 
During 2008, we incurred severance, restructuring and other costs of $22.1 million (2007: $32.4 million) arising principally from restructuring activities. For additional information, refer to Note 5.
 
This excerpt taken from the ELN 6-K filed Mar 31, 2008.
Restructuring Accrual
 
The following summarises activities related to the restructuring accrual:
 
                                 
                Other
 		       
    Facilities
 		    Severance
 		    costs
 		    Total
 		 
    $m     $m     $m     $m  
 
 
Balances at 1 January 2006
    12.6       5.8       0.5       18.9  
Restructuring and other charges—continuing operations
    1.1       14.8       1.1       17.0  
Reversal of prior year accrual
    (9.4 )     (0.1 )     —       (9.5 )
Cash payments
    (3.7 )     (14.3 )     (0.5 )     (18.5 )
Non-cash charges
    —       —       (1.1 )     (1.1 )
                                 
Balances at 31 December 2006
    0.6       6.2       —       6.8  
                                 
Restructuring and other charges—continuing operations
    1.3       30.7       1.3       33.3  
Reversal of prior year accrual
    —       (0.9 )     —       (0.9 )
Cash payments
    (0.8 )     (24.8 )     (0.1 )     (25.7 )
Non-cash charges
    —       (1.7 )     (1.2 )     (2.9 )
                                 
Balances at 31 December 2007
    1.1       9.5       —       10.6  
                                 
 
During 2007, we incurred severance, restructuring and other costs of $32.4 million (2006: $7.5 million) arising principally from restructuring activities. For additional information, refer to Note 5.
 

EXCERPTS ON THIS PAGE:

6-K
Mar 30, 2009
6-K
Mar 31, 2008

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