8-K

CRH PUBLIC LTD CO 8-K Report (Aug 10, 2016)

Filed August 10, 2016For Securities:CRH

Summary

CRH Public Limited Company filed an 8-K report on August 9, 2016, detailing changes to its segmental reporting structure. These adjustments are a direct result of significant acquisition activity in 2015, notably the integration of the LH Assets and C.R. Laurence (CRL) businesses. The company is implementing a new reporting framework that will be reflected in its 2016 Interim Results announcement on August 25, 2016. This includes the creation of a new 'Asia' reporting segment and the reallocation of previously reported 'LH Assets' into Europe Heavyside, Americas Materials, and the new Asia segment. Proforma figures for the first half of 2015 and restated figures for the full year 2015 are provided to offer investors clearer comparative data under the new structure, including adjustments for currency translation to a constant currency basis.

Key Highlights

  • 1CRH is updating its segmental reporting structure due to significant 2015 acquisitions (LH Assets and CRL).
  • 2A new 'Asia' reporting segment will be introduced.
  • 3LH Assets will be integrated into existing segments (Europe Heavyside, Americas Materials) and the new Asia segment.
  • 4Proforma figures for H1 2015 are provided, adjusted for LH Assets/CRL, divested entities, one-off items, and currency translation.
  • 5FY 2015 segment sales and EBITDA are restated to reflect the new reporting structure.
  • 6The updated reporting will be effective for the 2016 Interim Results, scheduled for announcement on August 25, 2016.
  • 7The company is providing constant currency comparatives to aid investor analysis.

Frequently Asked Questions

CRH is changing its segmental reporting structure to better reflect the integration of significant acquisitions made in 2015, specifically the LH Assets and C.R. Laurence (CRL). This new structure aims to provide more accurate and comparable financial information to investors.

The main changes include the creation of a new 'Asia' reporting segment. The previously reported 'LH Assets' will now be integrated into existing segments (Europe Heavyside and Americas Materials) and this new Asia segment. This will allow for a more streamlined presentation of the group's operations.

These changes will be reflected in CRH's 2016 Interim Results announcement, which is scheduled to be published on Thursday, August 25, 2016. The filing also provides proforma and restated historical data for prior periods to assist with comparisons.

The proforma adjustments are made to include the financial contributions of the LH Assets and CRL acquisitions for the entire comparable periods, even though they were acquired mid-year 2015. The constant currency adjustments translate the 2015 proforma figures to 2016 exchange rates, providing a clearer view of underlying operational performance by removing the impact of currency fluctuations.