| ABIP |
The Tomkins Annual Bonus Incentive Plan
|
| Accident incident rate |
The number of reportable incidents per 100 workers over a period of one year
|
| Adjusted operating profit |
Operating profit from continuing operations before restructuring costs, gains on disposal and exit of businesses and amortisation of intangible assets arising on acquisition
|
| ADR |
American Depository Receipt
|
| AGM |
Annual General Meeting
|
| ASC |
Air Systems Components
|
| ASIC |
Application Specific Integrated Circuit
|
| Average invested capital |
Average invested capital represents average operating assets plus average taxes plus average total goodwill and intangible assets arising on the acquisition of businesses
|
Average net
operating assets |
Average net operating assets represent average tangible fixed assets, investments in associates, net working capital and provisions
|
| Average operating working capital |
Average operating working capital represents the average of total current assets less total capital current liabilities
|
Average operating working capital
as a % of sales |
The average operating working capital for the past 13 months expressed as a percentage of total sales
|
| Cash conversion |
The percentage of adjusted operating profit converted to operating cash flow
|
| Cash cover |
The number of times by which the free cash flow to equity shareholders exceeds the dividend paid
|
Cash flow after interest, tax and dividends
|
Operating cash flow after adjusting for interest, tax and dividends
|
CEO
|
Chief Executive Officer
|
| CFO |
Chief Financial Officer
|
Companies Act
1985 |
The Companies Act of England and Wales 1985, as amended
|
| COO |
Chief Operating Officer
|
| Current service cost |
The increase in the present value of a defined benefit obligation which arises from employee service in the current period
|
| Dearborn Mid-West |
Dearborn Mid-West Conveyor Company
|
| Detroit Three (‘D3’) |
General Motors, Ford and Chrysler
|
| Dividend earnings cover |
The number of times by which the profit for the period attributable to equity shareholders exceeds the dividend paid
|
| EBITDA |
Adjusted operating profit before interest, tax, depreciation and amortisation
|
| EBITDA margin |
EBITDA as a percentage of sales for the period
|
| EMTN Programme |
The Euro Medium Term Note Programme
|
| ESOS 3 |
The Tomkins Executive Share Option Scheme No. 3
|
| ESOS 4 |
The Tomkins Executive Share Option Scheme No. 4
|
| Free cash flow |
Operating cash flow adjusted for cash flows arising from tax paid/refunded, interest paid/received, development costs capitalised, dividends received from associates, investments by minority shareholders and dividends paid to minority shareholders
|
| HSE |
Health, safety and the environment
|
| HVAC |
Heating, Ventilation and Air Conditioning
|
| I&A |
Industrial and Automotive
|
| IFRS |
International Financial Reporting Standards
|
Independent
Auditors
|
Deloitte & Touche LLP
|
Interest cost
on benefit
obligation |
The increase during the period in the present value of a defined benefit obligation which arises because the benefits are one period closer to settlement
|
| Interest cover |
The number of times that operating profit from continuing operations exceeds the net interest payable by continuing operations on borrowings
|
| KPI |
Key performance indicator
|
| NAHB |
National Association of Homebuilders
|
| NAPA |
National Automotive Parts Association
|
| Net capital expenditure : depreciation |
The ratio of capital expenditure (net of disposals of fixed assets) to the depreciation charge for the period
|
| Net debt |
Total borrowings (including obligations under finance leases and outstanding preference shares), less cash and cash equivalents (including collateralised cash), and plus the fair value of financial instruments hedging translational exposures
|
| New products |
New products include products introduced in the past five years. The definition includes new product ranges, as well as existing products that have been subject a significant design change or refinement
|
| NYSE |
The New York Stock Exchange
|
| OE |
Original equipment
|
| OEM |
Original equipment manufacturer
|
| Operating cash flow |
Cash generated from operations as disclosed in the Cash Flow Statement adjusted for net capital expenditure
|
| Operating margin |
Adjusted operating profit expressed as a percentage of sales for the period
|
| Ordinary Shares |
The ordinary shares of 5 pence each in the capital of the Company
|
| Preference Shares |
The convertible cumulative preference shares of US$50 each in the capital of the Company
|
| PSP |
The Tomkins 2006 Performance Share Plan
|
| Restructuring initiatives |
Major projects undertaken to rationalise and improve the cost competitiveness of the Group. They comprise expenses incurred in the course of strategic cost management and restructuring projects and gains and losses arising on the exit and disposal of businesses and assets as a result of the initiatives
|
Return on
average net
operating assets
|
Adjusted profit from operations divided by average net operating assets
|
| RTPMS |
Remote tyre pressure monitoring system
|
| Severity rate |
Average number of lost workdays per 100 employees over a period of one year
|
| Shares |
Tomkins ordinary shares of 5 pence each
|
| Sharesave |
The Tomkins 2005 Sharesave Scheme
|
| SMS |
The Tomkins Share Matching Scheme
|
| Subsidiary |
A subsidiary as that term is defined in section 736 of the Companies Act
|
| Subsidiary undertaking |
A subsidiary undertaking as that term is defined in section 258 of the Companies Act
|
| The Group |
The Company together with its subsidiaries and subsidiary undertakings
|
| Tomkins or the Company |
Tomkins plc, a company incorporated in England and Wales with registered number 203531, whose registered office is at East Putney House, 84 Upper Richmond Road, London SW15 2ST, United Kingdom
|
| Trico |
Trico Products Corporation and its related businesses, which constituted the Group’s former Wiper Systems business segment
|
| UK GAAP |
Generally accepted accounting principles of the United Kingdom
|
United Kingdom
or UK |
The United Kingdom of Great Britain and Northern Ireland
|
United States
or US |
The United States of America, its territories and possessions, any state of the United States and the District of Columbia
|
| US GAAP |
Generally accepted accounting principles in the United States of America |