En vir onmen t al r egula tion T he Gr oup is c ommitt ed t o c omplying with en vir onmen t al legisla tion s t andar ds and c odes o f pr ac tic e r ele v an t t o the par ticular busines s in the ar e as in which it oper a t es A number o f hub labor a t ories ar e r egula t ed under S t a t e and local go v ernmen t legisla tion pr edomina t ely f or their ha z ar dous w as t e gener a tion and dispos al Each hub labor a t ory holds a curr en t lic enc e and or c onsen t fr om the r ele v an t en vir onmen t pr o t ec tion authorit y or local c ouncil wher e r equir ed En vir onmen t al managemen t A s par t o f the Gr oup s c omplianc e pr ogr am en vir onmen t al ma tt ers ar e r epor t ed on mon thly b y al l divisional managers In addition in t ernal sign o f fs ar e c omple t ed b y al l man agers on a y e arly basis r epor ting on per f ormanc e agains t r ele v an t en vir onmen t al legisla tion and k e y en vir onmen t al risks in their ar e a o f oper a tions Apar t fr om c omplying with local legal r equir emen ts e ach sit e loca tion acr os s the w orld oper a t es under the c orpor a t e he alth s a f e t y and en vir on men t f ounda tion s t andar d which se ts out 17 k e y s t andar ds including iden tifca tion and managemen t o f k e y en vir on men t al risks emer genc y planning r epor ting en vir onmen t al inciden ts and c onduc ting r egular audits Initia tiv es T her e w er e a number o f en vir onmen t al initia tiv es im plemen t ed during the y e ar acr os s the Gr oup T hese ar e e xplained in de t ail in our Sus t ainabilit y R epor t f or 2019 a c op y o f which can be f ound on our w ebsit e P er f ormanc e agains t en vir onmen t al c omplianc e r equir emen ts T her e w er e no ma t erial br e aches o f en vir onmen t al s t a tut ory r equir emen ts during the r epor ting period One pr osecution w as r ec or ded agains t ALS M ala ysia when the c ompan y br e ached an HSE r egula tion tha t r equir ed an air v elocit y t es t t o be c onduc t ed on a fume cap tur e hood tha t w as situa t ed inside the labor a t ory T he air t es ting had been c onduc t ed in t ernal ly ac c or ding t o the r equir ed fr equenc y ho w e v er the r egula tion r equir ed an e xt ernal ac cr edit ed c ompan y t o per f orm the t es ting ALS appe ar ed in c our t in No v ember 2018 en t er ed a guilt y ple a and w as fned A UD1800 In t ernal and e xt ernal audits and in t ernal r epor ting and monit oring ha v e indica t ed a high le v el o f c omplianc e with sit e lic enc e c onditions r ele v an t legisla tion and c orpor a t e minimum s t andar ds Ev en ts subsequen t t o r epor ting da t e Sinc e the in t erv al be tw een the end o f the fnancial y e ar and the da t e o f this r epor t ther e ha v e been the f ol lo wing Subsequen t Ev en ts On 17 April 2019 the Gr oup announc ed tha t it had suc c es s ful ly plac ed ne w long t erm USPP senior no t es t o t al ling 252 mil lion equiv alen t T he ne w USPP is suanc e is c omprised o f thr ee tr anches e ach o f 15 y e ars t enor denomina t ed A UD125 mil lion EUR 40 mil lion and S T G 35 mil lion T he w eigh t ed a v er age c os t o f funds in r ela tion t o the ne w 15 y e ar fx ed r a t e USPP no t es is 33 per c en t T he mix o f curr encies sough t via the ne w is suanc e al lo ws the Gr oup s global cash fo ws and oper a ting as se t mix t o be appr opria t ely balanc ed b y funding in similarly denomina t ed curr encies T he e xt ended deb t ma turi t y pr o fle c omplemen ts the Gr oup s long t erm capit al managemen t s tr a t egy and suppor ts planned capit al in v es tmen t On 29 April 2019 the Gr oup announc ed the c omple tion o f the s ale o f its en vir onmen t al and analy tical t es ting busines s in China f or USD573 mil lion and ad jus t ed ne t cash t o SUEZ T he Gr oup s ne t as se ts which r ela t e t o this s tr a t egic div es tmen t ar e appr opria t ely clas sifed within A s se ts and Liabilities Held f or S ale in the Gr oup s B alanc e Shee t as a t 31 M ar ch 2019 A s a t B alanc e Da t e the fnancial gain r ela ting t o this tr ans ac tion has no t been r ec ognised in the Gr oup s Pr o ft and L os s S t a t emen t Other than those e v en ts separ a t ely described abo v e ther e ha v e been no o ther Subsequen t Ev en ts r equiring separ a t e disclosur e in the in t erv al be tw een the end o f the fnancial y e ar and the da t e o f this r epor t Lik ely de v elopmen ts T he Gr oup s objec tiv e during the ne xt fnancial y e ar wil l be t o ma ximise e arnings and in v es tmen t r e turns acr os s al l busines s units in its div ersifed por tf olio F or c ommen ts on divisional outlooks r e f er t o the r e vie w o f r esults and oper a tions in this r epor t 40 ALS LIMITED AND IT S SUBSIDIARIES A NNU AL F INANCIAL R EPOR T F OR THE Y EAR E NDED 31 M AR CH 2019 F INANCIAL REPOR T D IRE CT ORS REPOR T E NVIR ONMENT AL RE GUL A TION