1E DISC ONTINUED OPERA TIONS AND A S SET S HELD F OR S ALE In M ar ch 2018 a decision w as made t o div es t the labor a t o ry servic es c omponen t L abs o f the Oil Gas sec t or In July 2017 the Gr oup div es t ed the ma jorit y o f its as se ts in the Oil Gas t echnical servic es sec t or NonL abs In f orma tion a ttribut able t o disc on tinued oper a tions is as f ol lo ws In mil lions o f A UD C onsolida t ed Disc on tinued oper a tions 2019 2018 Oil Gas L abs R e v enue 77 84 Amor tis a tion and depr ecia tion 15 14 Other Expenses 235 124 R esults fr om oper a ting ac tivities 173 54 Inc ome t a x bene ft 42 14 L os s o f disc on tinued oper a tions ne t o f t a x 131 40 Dilut ed e arnings per shar e fr om disc on tin ued oper a tions 269c 079c Oil Gas NonL abs R e v enue 398 Amor tis a tion and depr ecia tion 35 Other Expenses 360 R esults fr om oper a ting ac tivities 03 Inc ome t a x bene ft 01 R esults fr om oper a ting ac tivities ne t o f inc ome t a x 02 Gain on s ale o f disc on tinued oper a tions 09 F or eign e x change los ses on in t er c ompan y balanc es tr ans f err ed fr om the f or eign curr enc y tr ansla tion r eserv e on div es tmen t o f Oil Gas NonL abs subsidiaries 111 L os s o f disc on tinued oper a tions 100 Dilut ed e arnings per shar e fr om disc on tin ued oper a tions 200c C ash fo ws fr om disc on tinued oper a tions Ne t cash fr om oper a ting ac tivities 28 29 Ne t cash fr om in v es ting ac tivities 19 55 Ne t cash fr om fnancing ac tivities Ne t cash fr om disc on tinued oper a tions 47 84 A s se ts held f or s ale T r ade and o ther r ec eiv ables 77 30 In v en t ories 04 07 Pr oper t y plan t and equipmen t 198 160 In t angible as se ts 23 20 De f err ed t a x as se ts 06 19 Other as se ts 38 17 346 253 Liabilities held f or s ale T r ade and o ther liabilities 140 04 L oans and borr o wings Emplo y ee bene fts 03 03 143 07 T he as se ts and liabilities disclosed as held f or s ale as a t balanc e da t e c onsis t o f those used in the Oil Gas L abs and the China en vir onmen t al t es ting busines ses Ac c oun ting polic y Disc on tinued oper a tions A disc on tinued oper a tion is a c omponen t o f the Gr oup s busines s tha t r epr esen ts a separ a t e ma jor line o f busines s or geogr aphical ar e a o f oper a tions tha t has c e ased or been disposed o f or is held f or s ale W hen an oper a tion is clas si fed as a disc on tinued oper a tion the c ompar a tiv e pr o ft and los s and o ther c ompr ehensiv e inc ome s t a t emen t is r es t a t ed as if the oper a tion had been disc on tinued fr om the s t ar t o f the c ompar a tiv e period Ac c oun ting polic y Held f or S ale Non curr en t as se ts or dispos al gr oups c omprising as se ts and liabilities ar e clas sifed as held f or s ale if it is highly pr obable tha t the y wil l be r ec o v er ed primarily thr ough s ale r a ther than thr ough c on tinuing use Such as se ts or dispos al gr oups ar e gener al ly me asur ed a t the lo w er o f their carrying amoun t and f air v alue les s c os t t o sel l An y impairmen t los s on a dispos al gr oup is al loca t ed frs t t o goodwil l and then t o the r emaining as se ts and liabil ities on a pr o r a t a basis e x c ep t tha t no los s is al loca t ed t o in v en t ories fnancial as se ts de f err ed t a x as se ts emplo y ee bene ft as se ts or in v es tmen t pr oper t y which c on tinue t o be me asur ed in ac c or danc e with the Gr oup s o ther ac c oun ting policies Impairmen t los ses on initial clas sifca tion as held f or s ale and subsequen t gains and los ses on r eme asur e men t ar e r ec ognised in pr o ft or los s 54 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 F INANCIAL S T A TEMENT S N O TES T O THE FINANCIAL S T A TEMENT S Financial o v ervie w