| | | |
| | | |
| | | |
| | 41 Discontinued operations | |
| | The results of the discontinued operations included in the consolidated income statement were: | |
| | | |
| | | | 2009 £ million | | 2008 £ million | | |
| |
| | Profit of the Insulators and Alumina businesses | 0.9 | | 0.3 | | Costs accrued on disposal of Ceramics Division | 0.3 | | - | | |
| |
| | Profit for the year from discontinued operations | 1.2 | | 0.3 | | |
| |
| | |
| | | |
| | On the 26th November 2008 the group sold its non-core Insulators and Alumina businesses, that it acquired as part of the Argillon Group in February 2008, to Lapp Insulator GmbH & Co. These businesses had been classified as held for sale since acquisition. The proceeds received were £20.1 million in cash and a £1.7 million loan note. Costs incurred were £2.3 million. On 28th February 2007 the group sold its Ceramics Division and costs were accrued at that time. £0.2 million of those costs were paid in the year ended 31st March 2009 and a further £0.3 million will not be incurred and so the accrual for these has been released. | |
| | | |