Glossary of terms
   
 
$, US dollar, cents, c US dollar ($) and cents, the currency of the US
£, sterling, pence, p Pound sterling (£) and pence, the currency of the UK
€, euro The currency of certain member states of the European Union
ABI Architecture Billings Index, an indicator of non-residential construction activity in the US produced by the American Institute of Architects
ABIP The Tomkins Annual Bonus Incentive Plan
Adjusted earnings per share See “Performance measures”
Adjusted operating profit See “Performance measures”
Adjusted operating margin See “Performance measures”
ADR American Depositary Receipt, a negotiable certificate evidencing an ADS
ADS American Depositary Share (representing four ordinary shares) held by the Depositary
AGM Annual General Meeting
Articles The current Memorandum and Articles of Association of Tomkins plc
ASC Air Systems Components
ASIC Application Specific Integrated Circuit
the Board The Board of Directors of Tomkins plc
Cash conversion See “Performance measures”
CGU Cash-generating unit
the Code The US Internal Revenue Code of 1986, as amended
the Combined Code The Combined Code on Corporate Governance issued by the UK Financial Reporting Council in June 2006
Companies Act 1985 The Companies Act of England and Wales 1985, as amended
Companies Act 2006 The Companies Act of England and Wales 2006
the Company Tomkins plc
CSM Database of automotive information and analysis prepared by CSM Worldwide, a provider of automotive market forecasting services and strategic advisory solutions to automotive manufacturers, suppliers and financial organisations
CSR Corporate Social Responsibility
Deferred shares The deferred shares of £1 each in the capital of the Company, created pursuant to Resolution 16 at the Company’s AGM on 1 May 2008
Depositary JPMorgan Chase Bank, N.A
Detroit Three General Motors, Ford and Chrysler, automotive OEMs
Director A director of Tomkins plc
EMTN Programme The Euro Medium Term Note Programme
EPS Earnings per share
ESOP Employee Share Ownership Plan
ESOS 3 and ESOS 4 The Tomkins Executive Share Option Scheme No. 3 and the Tomkins Executive Share Option Scheme No. 4, which both lapsed for grant purposes in 2005
the Estate and Gift Tax Convention The convention between the US and the UK for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on estates of deceased persons and on gifts
the Exchange Act The convention between the US and the UK for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on estates of deceased persons and on gifts
Free cash flow See “Performance measures”
Gates The businesses and operations of the Gates Corporation, a subsidiary of the Company
Gates E&S Gates Engineering & Services
the Group The Company together with its subsidiaries
HSE Health, Safety and the Environment
HVAC Heating, Ventilation and Air Conditioning
I&A Industrial & Automotive
IASB International Accounting Standards Board
Ideal The businesses and operations of Epicor Industries Inc, a subsidiary of the Company, trading as Ideal
IFRIC International Financial Reporting Interpretations Committee
IFRS International Financial Reporting Standards
Incident rate The number of reportable incidents per 100 workers over a period of one year
Independent auditor Deloitte LLP
ISIN International Securities Identification Number
KPI Key Performance Indicator
LEED Leadership in Energy and Environmental Design
NAHB National Association of Homebuilders, a trade association of the residential construction industry and related activities in the US
NAPA National Automotive Parts Association, a co-operative that distributes automotive parts to retail outlets principally in the US
Net capital expenditure : depreciation See “Performance measures”
Net debt See “Performance measures”
Non-GAAP measure A measure of historical or future financial performance, financial position or cash flows which is adjusted to exclude or include amounts that would not be so adjusted in the most comparable measure prescribed by IFRS
NYSE The New York Stock Exchange
OE Original equipment
OEM Original equipment manufacturer
OFR Operating and financial review
Operating cash flow See “Performance measures”
Ordinary shares The ordinary shares in the capital of the Company that, with effect from 22 May 2008, have a nominal value of 9 cents each
PFIC Passive Foreign Investment Company
Preference shares The convertible cumulative preference shares of $50 each in the capital of the Company, of which the remaining shares outstanding were redeemed in 2007
Project Eagle The convertible cumulative preference shares of $50 each in the capital of the Company, of which the remaining shares outstanding were redeemed in 2007
Project Cheetah A more extensive set of actions announced in 2009 to reset the Group’s manufacturing footprint to lower-cost locations and further take advantage of opportunities in higher growth markets
PSP The Tomkins 2006 Performance Share Plan
QEF Qualified Electing Fund
Registrar Equiniti Limited
Restructuring initiatives Expenses incurred in major projects undertaken to rationalise and improve the cost competitiveness of the Group and consequential gains and losses arising on the exit and disposal of businesses or on the disposal of assets
RTPMS Remote Tyre Pressure Monitoring System
RVIA Recreation Vehicle Industry Association, a national trade association representing recreation vehicle manufacturers and their component parts suppliers in the US
SAAR Seasonally Adjusted Annual Rate
SAYE 2 The Tomkins Savings Related Share Option Scheme No. 2, that lapsed for grant purposes in 2005
SDRT Stamp Duty Reserve Tax, payable on paperless transactions for shares in the UK
SEC US Securities and Exchange Commission
SEDOL Stock Exchange Daily Official List, a list of security identifiers used in the UK for clearing purposes.
Severity rate Average number of lost workdays per 100 employees over a period of one year
Sharesave scheme The Tomkins 2005 Sharesave Scheme
SMS The Tomkins Share Matching Scheme, that expired in 2007
Sarbanes-Oxley The US Sarbanes-Oxley Act of 2002
the Securities Act US Securities Act of 1933, as amended
Stamp Duty A tax payable on paper transactions for shares in the UK
Subsidiary An entity that is controlled, either directly or indirectly, by the Company
the Tax Convention The convention between the government of the US and the government of the UK for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains dated 24 July 2001, as ratified on 31 March 2003 and amended
TREAD Act US Transportation Recall Enhancement, Accountability, and Documentation Act of 2000
Trico Trico Products Corporation and its related businesses, which constituted the Group’s former Wiper Systems business segment (sold during 2007)
TSR Total Shareholder Return, comprising dividends paid on ordinary shares and the increase or decrease in the market price of ordinary shares
UK GAAP United Kingdom Generally Accepted Accounting Practice
UK The United Kingdom of Great Britain and Northern Ireland
UKLA United Kingdom Listing Authority
Underlying change in sales
and adjusted operating profit		 See “Performance measures”
US The United States of America, its territories and possessions, any state of the United States and the District of Columbia
uPVC Unplasticised Poly Vinyl Chloride