Discontinued operations in 2012 comprise the results of the Alent group of companies for the period up to 19 December 2012, when they were demerged from Vesuvius, together with the results of the US Precious Metals Processing business for the period up to 1 May 2012 when it was sold and the European Precious Metals Processing business, which was held for sale as at 31 December 2012, for the whole of the year. Prior year comparatives in the Group income statement have been restated accordingly.
Further details, along with the effects of the disposals on the financial position of the Group, can be found in note 24.
25.1 Results of discontinued operations
|Profit before tax||102.3||105.1|
|Income tax costs||(31.1)||(22.7)|
|Profit/(loss) on disposal of discontinued operations||24||541.3||(34.9)|
|Profit for the year attributable to owners of the parent||612.5||47.5|
|Earnings per share — pence|
25.2 Cash flows from discontinued operations
|Net cash inflow/(outflow) from:|
|— operating activities||22.5||73.1|
|— investing activities||(80.7)||(23.4)|
|— financing activities||0.4||—|
|Net cash (outflow)/inflow for the year||(57.8)||49.7|