{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "dialightplc": "http://dialightplc.com/xbrl/2024", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://dialightplc.com/xbrl/2024/2138001AD31KKD29Z495-2025-03-31.xsd" ] }, "facts": { "fact-1": { "value": "Dialight has been an LED company for over 50 years, with all our products developed in\u2011house. We offer the largest selection of cutting\u2011edge LED lighting products to suit virtually any industrial application. Our 10\u2011year replacement warranty for our industrial lighting products is market leading.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-7": { "value": "183500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-8": { "value": "226000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-9": { "value": "117000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-10": { "value": "158900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CostOfSales", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-11": { "value": "66500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-12": { "value": "67100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-13": { "value": "29000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DistributionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-14": { "value": "36800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DistributionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-15": { "value": "52800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-16": { "value": "60500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdministrativeExpense", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-17": { "value": "2100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-18": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-19": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnDisposalsOfInvestments", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-20": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:GainsLossesOnDisposalsOfInvestments", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-21": { "value": "-11600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-22": { "value": "-30200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-23": { "value": "6300000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustedProfitLossFromOperatingActivitiesBeforeImpairmentLossesOfFinancialAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-24": { "value": "-4600000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustedProfitLossFromOperatingActivitiesBeforeImpairmentLossesOfFinancialAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-25": { "value": "2100000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustedImpairmentLossesOfFinancialAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-26": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustedImpairmentLossesOfFinancialAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-27": { "value": "4200000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:UnderlyingLossProfitFromOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-28": { "value": "-4600000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:UnderlyingLossProfitFromOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-29": { "value": "21600000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:NonUnderlyingItems", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-30": { "value": "25600000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:NonUnderlyingItems", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-31": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustedGainOnDisposalOfBusiness", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-32": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustedGainOnDisposalOfBusiness", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-33": { "value": "-11600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-34": { "value": "-30200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-35": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-36": { "value": "4100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-37": { "value": "-14100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-38": { "value": "-34300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-39": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-40": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-41": { "value": "-13600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-42": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-43": { "value": "-13800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-44": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-45": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-46": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-47": { "value": "-13600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-48": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-49": { "value": "-0.344", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD/xbrli:shares" } }, "fact-50": { "value": "-0.911", "decimals": 3, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD/xbrli:shares" } }, "fact-51": { "value": "-0.344", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD/xbrli:shares" } }, "fact-52": { "value": "-0.911", "decimals": 3, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD/xbrli:shares" } }, "fact-53": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-54": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-55": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-56": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-57": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-58": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-59": { "value": "-4000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-60": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-61": { "value": "-1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-62": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-63": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-64": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-65": { "value": "-3100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-66": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-67": { "value": "-13600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-68": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-69": { "value": "-16700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-70": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-71": { "value": "-16900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-72": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-73": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-74": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-75": { "value": "-16700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-76": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-77": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-78": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-79": { "value": "12600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-80": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-81": { "value": "13000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-82": { "value": "-1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-83": { "value": "32800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-84": { "value": "63700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-85": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-86": { "value": "63900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-87": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-88": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-89": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-90": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-91": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-92": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-93": { "value": "-13800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-94": { "value": "-13800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-95": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-96": { "value": "-13600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-97": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-98": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-99": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-100": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-101": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-102": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-103": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-104": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-105": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-106": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-107": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-108": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-109": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-110": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-111": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-112": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-113": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-114": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-115": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-116": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-117": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-118": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-119": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-120": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-121": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-122": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-123": { "value": "-3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-124": { "value": "-3100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-125": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-126": { "value": "-3100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-127": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-128": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-129": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-130": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-131": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-132": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-133": { "value": "-16800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-134": { "value": "-16900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-135": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-136": { "value": "-16700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-137": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-138": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-139": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-140": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-141": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-142": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-143": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-144": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-145": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-146": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-147": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-148": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-149": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-150": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-151": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-152": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-153": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-154": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-155": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-156": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-157": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-158": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-159": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-160": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-161": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-162": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-163": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-164": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-165": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-166": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-167": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-168": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-169": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-170": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-171": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-172": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-173": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-174": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-175": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-176": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-177": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-178": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-179": { "value": "12500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-180": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-181": { "value": "13000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-182": { "value": "-1400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-183": { "value": "16300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-184": { "value": "46900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-185": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-186": { "value": "47300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-187": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-188": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-189": { "value": "12200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-190": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-191": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-192": { "value": "-1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-193": { "value": "64200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-194": { "value": "82800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-195": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-196": { "value": "83000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00", "unit": "iso4217:USD" } }, "fact-197": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-198": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-199": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-200": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-201": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-202": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-203": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-204": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-205": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-206": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-207": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-208": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-209": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-210": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-211": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-212": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-213": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-214": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-215": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-216": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-217": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-218": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-219": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-220": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-221": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-222": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-223": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-224": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-225": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-226": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-227": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-228": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-229": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-230": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-231": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-232": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-233": { "value": "-400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-234": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-235": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-236": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-237": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-238": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-239": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-240": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-241": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-242": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-243": { "value": "-32900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-244": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-245": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-246": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-247": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-248": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-249": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-250": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-251": { "value": "12700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-252": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-253": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-254": { "value": "12900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-255": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-256": { "value": "12900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-257": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-258": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-259": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-260": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-261": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-262": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-263": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-264": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-265": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-266": { "value": "900000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:TransactionCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-267": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-268": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-269": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-270": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-271": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-272": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-273": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-274": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-275": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-276": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-277": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-278": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-279": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-280": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-281": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-282": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-283": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-284": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-285": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-286": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfTreasuryShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-287": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-288": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-289": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-290": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-291": { "value": "11800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-292": { "value": "-100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-293": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-294": { "value": "13400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-295": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-296": { "value": "13400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-297": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:USD" } }, "fact-298": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember", "unit": "iso4217:USD" } }, "fact-299": { "value": "12600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:USD" } }, "fact-300": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalRedemptionReserveMember", "unit": "iso4217:USD" } }, "fact-301": { "value": "13000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:USD" } }, "fact-302": { "value": "-1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember", "unit": "iso4217:USD" } }, "fact-303": { "value": "32800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:USD" } }, "fact-304": { "value": "63700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember", "unit": "iso4217:USD" } }, "fact-305": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember", "unit": "iso4217:USD" } }, "fact-306": { "value": "63900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-307": { "value": "13500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-308": { "value": "12700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-309": { "value": "9000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-310": { "value": "8800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RightofuseAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-311": { "value": "9000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-312": { "value": "8100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IntangibleAssetsAndGoodwill", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-313": { "value": "8500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-314": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DeferredTaxAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-315": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-316": { "value": "5400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-317": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherNoncurrentReceivables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-318": { "value": "5900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherNoncurrentReceivables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-319": { "value": "42700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-320": { "value": "46700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-321": { "value": "46600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-322": { "value": "49100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-323": { "value": "34300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-324": { "value": "32300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-325": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-326": { "value": "800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-327": { "value": "7900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-328": { "value": "11500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-329": { "value": "89200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-330": { "value": "93700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-331": { "value": "131900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-332": { "value": "140400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-333": { "value": "40100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-334": { "value": "34300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-335": { "value": "2400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-336": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentProvisions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-337": { "value": "500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-338": { "value": "1400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-339": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-340": { "value": "2000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-341": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ShorttermBorrowings", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-342": { "value": "27900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ShorttermBorrowings", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-343": { "value": "45500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-344": { "value": "66800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-345": { "value": "3800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentPayables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-346": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentPayables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-347": { "value": "2100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-348": { "value": "1600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentProvisions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-349": { "value": "25700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-350": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:LongtermBorrowings", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-351": { "value": "7500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-352": { "value": "8100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-353": { "value": "39100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-354": { "value": "9700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-355": { "value": "84600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-356": { "value": "76500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-357": { "value": "47300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-358": { "value": "63900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-359": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-360": { "value": "1200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-361": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-362": { "value": "1000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:MergerReserve", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-363": { "value": "13000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-364": { "value": "13000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-365": { "value": "15400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-366": { "value": "15700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-367": { "value": "16300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-368": { "value": "32800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-369": { "value": "46900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-370": { "value": "63700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EquityAttributableToOwnersOfParent", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-371": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-372": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:NoncontrollingInterests", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-373": { "value": "47300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-374": { "value": "63900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-2": { "value": "The accompanying notes form part of these financial statements. These financial statements were approved by the Board of Directors on 23 June 2025 and were signed on its behalf by: Steve Blair Mark Fryer Group Chief Executive Officer Group Chief Finance Officer", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-375": { "value": "-13600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-376": { "value": "-32500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-377": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-378": { "value": "4100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForFinanceCosts", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-379": { "value": "-500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-380": { "value": "-1800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-381": { "value": "-11300000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForSanminaLiability", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-382": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForSanminaLiability", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-383": { "value": "5800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-384": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-385": { "value": "300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-386": { "value": "1500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-387": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForDefinedBenefitPensionSchemeServiceCost", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-388": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForDefinedBenefitPensionSchemeServiceCost", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-389": { "value": "3200000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForDepreciationOfPropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-390": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForDepreciationOfPropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-391": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-392": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-393": { "value": "-300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-394": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-395": { "value": "2500000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForDepreciationOfRightOfUseAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-396": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForDepreciationOfRightOfUseAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-397": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForGainOnLeaseModification", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-398": { "value": "-200000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForGainOnLeaseModification", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-399": { "value": "2600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForAmortisationExpense", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-400": { "value": "7700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForAmortisationExpense", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-401": { "value": "2100000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForImpairmentLossesOfFinancialAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-402": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForImpairmentLossesOfFinancialAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-403": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForImpairmentLossesOnIntangibleAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-404": { "value": "15800000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForImpairmentLossesOnIntangibleAssets", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-405": { "value": "5300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-406": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-407": { "value": "2600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-408": { "value": "15700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-409": { "value": "1900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-410": { "value": "5200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-411": { "value": "2200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-412": { "value": "-10900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-413": { "value": "1100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-414": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:AdjustmentsForProvisions", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-415": { "value": "-700000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForPensionContributionsMoreThanLessThanIncomeStatementCharge", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-416": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:AdjustmentsForPensionContributionsMoreThanLessThanIncomeStatementCharge", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-417": { "value": "12400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-418": { "value": "13300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-419": { "value": "1700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-420": { "value": "2600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-421": { "value": "2800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-422": { "value": "4100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-423": { "value": "7900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-424": { "value": "6600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-425": { "value": "5200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-426": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-427": { "value": "4300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-428": { "value": "1400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-429": { "value": "3700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-430": { "value": "5400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-431": { "value": "-2800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-432": { "value": "-6800000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-433": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-434": { "value": "12000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-435": { "value": "3000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-436": { "value": "6200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-437": { "value": "5200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-438": { "value": "5900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-439": { "value": "4000000.0", "decimals": -5, "dimensions": { "concept": "dialightplc:PaymentOfSanminaLiabilityClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-440": { "value": "-0.0", "decimals": -5, "dimensions": { "concept": "dialightplc:PaymentOfSanminaLiabilityClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-441": { "value": "200000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-442": { "value": "100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-443": { "value": "2300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-444": { "value": "2900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-445": { "value": "-8700000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-446": { "value": "9300000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-447": { "value": "-3600000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-448": { "value": "9100000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-449": { "value": "11500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-450": { "value": "2000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-01-01T00:00:00", "unit": "iso4217:USD" } }, "fact-451": { "value": "0.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-452": { "value": "400000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2023-01-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-453": { "value": "7900000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2025-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-454": { "value": "11500000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00", "unit": "iso4217:USD" } }, "fact-457": { "value": "
1. REPORTING ENTITY
Dialight plc is a public listed company which is listed on the London Stock Exchange and is incorporated and domiciled
in England and Wales under registration number 2486024.
Details of the Company\u2019s registered office are set out on page 154 under the \u201cDirectory and shareholder information\u201d section.
The consolidated financial statements of the Company for the 12-month period ended 31 March 2025 comprise the Company
and its subsidiaries (together referred to as the \u2018Group\u2019).
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-3": { "value": "Dialight plc", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-4": { "value": "public listed company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-5": { "value": "England and Wales", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-455": { "value": "England and Wales", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-458": { "value": "
2. BASIS OF PREPARATION
(a) Statement of compliance
The consolidated financial statements have been prepared in accordance with UK-adopted International Accounting Standards.
The consolidated financial statements are presented in US dollars and all values are rounded to the nearest tenth of a million
dollars ($ 0.1 million), except where otherwise indicated.
The Company has elected to present its Parent Company financial statements in accordance with FRS 102 \u201cThe Financial
Reporting Standard applicable in the UK and Republic of Ireland\u201d. The Parent Company financial statements are presented
in pounds Sterling and all values are rounded to the nearest tenth of a million pounds (\u00a3 0.1 million), except where
otherwise indicated.
(b) Consolidated basis of preparation
Going concern
The Group\u2019s business activities, together with the factors likely to affect its future development, performance and position
are set out in the Strategic report on pages 04 to 34. The financial position of the Group, its cash flows, liquidity position and
borrowing facilities are discussed in the Chief Financial Officer\u2019s review on pages 28 to 31.
The Directors\u2019 assessment of the viability of the Group is set out in the Viability statement on page 34. In addition, note
24 to the financial statements includes the Group\u2019s objectives, policies and processes for managing its capital; its financial
risk management objectives; details of its financial instruments and hedging activities; and its exposures to credit risk and
liquidity risk.
The Group\u2019s bank facility comprises a revolving credit facility (\u2018RCF\u2019) of $28.8m from HSBC. A balance of $5.2m was repaid in
August 2024 using the proceeds received from the disposal of the Traffic business after which the facility was reduced by a
corresponding amount from $34.0m to $28.8m. The facility was extended to 21 July 2027 on the same terms as the original
agreement on 5 June 2025.
Net debt increased to $17.8m at 31 March 2025 (31 March 2024: $16.4m) and comprised $25.7m borrowings with $7.9m cash
in hand.
The covenants are tested quarterly and are as follows:
Ratio
Calculation
Threshold
Leverage ratio
Net bank debt: Proforma unaudited EBITDA
<3.0x
Interest cover
Proforma unaudited EBITDA: Interest expense
>4.0x
The interest cover was temporarily reset from 4.0x to 2.5x for the quarter period ending 31 December 2024 only and was reset to
4.0x thereafter. Covenants were met in all four quarters.
In assessing the going concern assumptions, the Directors have prepared three main scenarios over the going concern period
which the Directors have assessed as a 15-month period to 30 June 2026, being:
\u2022 the base case;
\u2022 a plausible downside case in relation to revenue and margin; and
\u2022 a reverse stress test (break-even assessment).
Various upside scenarios also exist, but those result in positive outcomes and have not been included here given the focus of
the Directors, and its auditors, is on the risk to the going concern basis of preparation to the financial statements. Nonetheless,
the Directors consider these upside scenarios as realistic outcomes and continue to drive the Group\u2019s performance and other
activities to seek to achieve those positive results.
The downside scenarios reflect the risk of lower than expected organic revenue growth in core Lighting markets, lower gross
margins than forecast and cost savings not being realised to the full extent forecasted.
Base case
The base case is derived from the Board approved year to 31 March 2026 Budget, which assumes that the margin will improve
over the going concern period through various Group initiatives. The base case is driven by material cost reduction projects
and tight control over the cost-base. In this scenario, the Directors consider that the Group will continue to operate within its
available committed facilities of $28.8m with sufficient headroom and covenant compliance throughout the forecast period.
The key assumptions in the base case include:
\u2022 Decline in net revenue in the year to 31 March 2026 mainly due to the expected disposal of Traffic and Rail in October 2025
(end of MSA).
\u2022 No growth in Lighting net revenue in the year to 31 March 2026 due to the current macroeconomic climate and the uncertainty
surrounding global tariffs.
\u2022 Net revenue for the quarter to 30 June 2026 is forecast to increase by 2.4% compared to the same quarter in 2025. This is
driven by a combination of factors including increasing, benefits from strategic relationships, price increases, and increased
source and sell product range sales.
\u2022 Gross margin improvement as component price premiums continue to reduce and supply becomes more readily available;
freight costs normalise, and the benefits from cost reduction and automation programmes are delivered resulting in a gross
profit margin improvement of 1.9% in the year to 31 March 2026 and a further 4.2% in the quarter to 30 June 2026 respectively.
\u2022 Operating costs are expected to be 33.2% of revenue in the year to 31 March 2026 and the quarter to 30 June 2026.
Plausible downside case
The Directors have assumed:
\u2022 Year to 31 March 2026: reduction of Budget revenue by 5% across Lighting, Obstruction, OE and Vehicle.
\u2022 Quarter to 30 June 2026: no growth in core revenue and a 75% reduction of the forecast product cost savings and
discounting decrease.
\u2022 No mitigating actions are assumed apart from the removal of a bonus provision for the year to 31 March 2026 and the quarter
to 30 June 2026.
Reverse stress test (break-even assessment)
The Directors have assumed:
\u2022 Year to 31 March 2026: reduction of Budget revenue by 9% across Lighting, Obstruction, OE and Vehicle.
\u2022 Quarter to 30 June 2026: no growth in core revenue and a 85% reduction of the forecast product cost savings
and discounting decrease.
\u2022 No mitigating actions are assumed apart from the removal of a bonus provision for the year to 31 March 2026 and the quarter
to 30 June 2026.
As indicated above, the downside and reverse stress testing scenarios do not consider any mitigating actions apart from the
removal of a bonus provision. In all these scenarios, the Group has a series of controllable mitigating actions that can be taken
swiftly, including various temporary and permanent cost and cash saving measures.
All scenarios include the settlement payments to be made to Sanmina. An initial $4.0m has been paid in March 2025 with a
further $1.0m to be made per quarter until March 2027, rising to $1.5m if Dialight\u2019s market capitalisation rises above \u00a3100m for 30
consecutive days. Cumulative total payments to Sanmina under this scenario will not exceed $12.0m. The Directors are confident
the payments will be funded out of operating cash flows, with sufficient headroom to meet business needs.
In the base case and downside scenarios, the Group is forecast to have sufficient liquidity and not breach any covenants in the
going concern period. In the reverse stress test, the leverage covenant ratio is forecast to breach in the quarter to 31 March 2026
and the quarter to 30 June 2026. The interest cover is expected to breach in the quarter to 30 June 2026.
Whilst the Directors believe the Group will deliver on its plan, the Directors recognise that the results in recent years have
fluctuated from the forecast. In the reverse stress test, whilst core revenue is forecast to decrease from the year to 31 March 2025
to the quarter to 30 June 2026, gross profit margin is forecast to increase by 1.3% in the same period. As a result, the Group will
require a gross profit margin increase more than this to avoid breaching covenants. The Directors have therefore concluded
that while the scenario itself is unlikely given the mitigating actions that can be implemented, there is a plausible risk of a
covenant breach.
Accordingly, the Directors have identified circumstances which give rise to a material uncertainty which may cast significant
doubt on the entity\u2019s ability to continue as a going concern, meaning it may be unable to realise it assets and discharge
its liabilities in the normal course of business. Notwithstanding this material uncertainty, the Directors consider it remains
appropriate to continue to adopt the going concern basis in the preparation of the financial statements. The HSBC facility was
extended on 5 June through to 21 July 2027, which covers the going concern period.
(c) Use of estimates, judgements and assumptions
The preparation of the consolidated financial statements requires management to make judgements, estimates and
assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.
These estimates, judgements and assumptions are based on historical experience and other factors that are believed to be
reasonable under the circumstances. Actual results may differ from these estimates. The areas which require the most use
of management estimation and judgement are set out below.
Significant judgements
Going concern
The determination by the Directors of the entity\u2019s ability to continue as a going concern involves areas of judgement including
preparation and assessment of budgets, forecasts and various scenarios. Refer to note 2(b) for a fuller discussion.
Development and patent costs
The Group capitalises development costs and patent costs provided they meet all criteria in the respective accounting policy.
Costs are only capitalised when management applies judgement that is satisfied as to the ultimate commercial viability of the
projects based on review of the relevant business case. The capitalised costs are amortised over the expected useful economic
life, which is determined based on the reasonable commercial prospects of the product and a comparison to similar products
being sold by the Group.
The Group has $8.6m (2024: $7.4m) of development and patent costs that relate to the current product portfolio and new
products expected to launch over the next one to two years. An impairment review of the total balance was performed resulting
in impairment of $0.1m recorded in underlying EBIT (2024: $4.6m recorded as a non-recurring expenses (note 6)).
All of the development projects are within the Lighting CGU and are tested for impairment at the CGU level. However,
management also performs a review of each individual project to see if there are any indications of specific impairment by
comparing the carrying amount of the asset with the net present value derived from the Board approved strategic plan.
Directors recognise that the results in recent years have fluctuated from the forecast. Consideration was therefore given to the
reversal of impairments recognised in prior periods. Given the sensitivity of the tests to the growth assumptions utilised in the
forecasts, it was deemed to be appropriate to not recognise any such reversal at this time.
Deferred tax assets
The Group must determine the extent to which deferred tax assets can be recognised and this determination is based on an
assessment of the probability that future taxable income will be available against which the deductible temporary differences
and tax loss carry-forwards can be utilised. In addition, significant judgement is required in assessing the impact of any legal or
economic limits or uncertainties in various tax jurisdictions.
The Group has recognised a net deferred tax asset of $8.5m (2024: $5.8m). Of this balance, $6.4m (2024: $5.4m) arises in the US
with $4.4m (2024: $3.2m) relating to short-term timing differences that typically unwind on a yearly basis, $0.4m (2024: $0.7m)
arising on intangible assets, $0.3m (2024: nil) arising on other items, $1.9m (2024: $1.5m) arising on losses and restricted interest
deductions which have no expiry dates. This is offset by a US deferred tax liability of $0.7m (2024: $0.7m) arising on property,
plant and equipment.
The Group considers it highly probably that sufficient future taxable profits will arise in the US based on both the earning
history and the future forecasted profits. In addition, the Group is satisfied that the losses will unwind in the same period as the
forecasted taxable profits.
The remaining $2.1m of the recognised net deferred tax asset arises in respect of deferred tax assets on right-of-use assets and
lease liabilities ($0.4m), provisions ($1.0m), losses ($1.0m), offset by deferred tax liabilities arising on employee benefits ($0.2m)
and individually immaterial net DTAs recognised by the Group\u2019s subsidiary entities in various geographical locations.
Non-underlying items
The Group incurs costs and earns income that is non-underlying in nature or that, in the Directors\u2019 judgement, needs to be
disclosed separately by virtue of its size and incidence in order for users of the consolidated financial statements to obtain a
proper understanding of the financial information and the underlying performance of the business. Judgement is required in
determining whether an item should be classified as non-underlying or included within the underlying results. Refer to note 6 for
further information.
Estimates
Inventory reserve
The total value of the inventory provision for all categories of inventory over which judgement has been exercised was $5.9m
(2024: $6.6m) and this represents 11.2% (2024: 11.8%) of the gross inventory value.
Details of the inventory reserve are set out in note 17.
Inventory reserve \u2013 raw materials and sub-assemblies
The Group\u2019s policy is that all raw material and sub-assembly inventory that is over 24-months old at the balance sheet date is
provided for. This basis for estimate reduces estimation subjectivity, while allowing for the adverse impact from component
shortages that have led to high inventory levels and some components being held for longer than expected. Two years has
been assessed to be appropriate as the components have a long shelf life, continue to be used in production and the product
demand mix between project and MRO. The inventory ageing continues to be skewed as a result of post COVID-19 supply chain
disruption leading to inventory which is now two years old.
The value of the inventory provision for raw materials and sub-assemblies as at 31 March 2025 was $4.4m (2024: $5.9m).
If all raw material and sub-assembly inventory over 18-months old at the balance sheet date was to be provided for, the inventory
provision would be $4.9m. Alternatively, if all raw material and sub-assembly inventory over 36-months old at the balance sheet
date was to be provided for, the inventory provision in that scenario would be $1.7m.
Inventory reserve \u2013 finished goods
The review of finished goods inventory was based on all inventory over 365 days old. Inventory on hand was compared
to historical sales, current orders, sales pipeline and whether the product had been recently launched.
Management judgement was then applied to determine whether there was a reasonable probability that the inventory would
be sold, with a provision being required for any inventory that failed this assessment.
Management believes that any reasonably possible change in the assumption would not cause any significant change in the
provision estimate for finished goods.
The value of the inventory provision for finished goods as at 31 March 2025 was $1.5m (2024: $0.7m).
Inventory reserve and onerous contract provision \u2013 disposal of traffic business
Following the disposal of the traffic business, an estimate was made of the provision for excess or obsolete inventory and to
provide for inventory expected to be sold at below cost. The provision, which is included in the inventory provisions noted
above, is $0.8m as at 31 March 2025 (2024: $3.0m); during the 12-month period ended 31 March 2025, $2.2m of the inventory
provision was released as it was deemed to be in excess of current requirements. Inventory is being utilised or sold to Leotek
and as at the balance sheet date future inventory utilisation/sales are inherently an estimate.
Additionally, during the current financial period, an onerous contract provision relating to the Leotek contract of $0.9m (2024: nil)
was made. The provision is for estimated expected losses until the end of the Leotek contract in October 2025.
These are recognised within cost of goods sold and are disclosed as a non-underlying item within note 6.
Inventory \u2013 absorbed overhead costs
The valuation of inventory, detailed in note 17, requires the use of estimates in the amount of costs to be absorbed into
inventory valuation.
The costs of purchase of inventories comprise the purchase price, import duties/other taxes and freight, handling and other
costs directly attributable to the acquisition of inventory.
The costs of conversion of inventories include costs directly related to the units of production and also include a systematic
allocation of fixed and variable production overheads that are incurred in converting materials into finished goods. Costs related
to production comprise labour and direct overheads attributable to the production process. They are assessed to ensure that
costs unrelated to production are excluded. Unallocated overheads are recognised as an expense in the period in which they
are incurred.
Consistent with prior year, the Group absorbs costs using weighted average inventory turns. The value of directly attributable
costs over which judgement was exercised was $6.9m (2024: $7.6m) and this represents 15% (2024: 15%) of the inventory value.
For every day that the estimate of the days used for the overheads absorbed changes, it changes the calculation by $78.0k (2024:
$96.9k). In relation to the amount of freight costs that are included in the inventory valuation, the value of freight costs over which
judgement was exercised was $3.2m (2024: $2.8m) and this represents 7% (2024: 6%) of the inventory value. For every day that
the estimate of the days used for the freight costs absorbed changes, it changes the calculation by $16.6k (2024: $17.1k).
Management believes that any reasonably possible change in the assumptions would not cause any significant change in the
amount of costs absorbed into inventory.
Pension plans
The key actuarial assumptions used to value the pension plan liabilities and could have a significant impact on the valuation
of the liabilities. The Group\u2019s assumptions are disclosed in note 16 with associated sensitivity analysis. The key assumptions
are mortality rates, inflation and market yields. These assumptions are set with close reference to market conditions.
Impairment losses of financial assets
Expected credit losses of financial assets contain a number of measurement uncertainties relating to management\u2019s view
of the expected future cash flows receivable from financial assets due from customers and the inherent creditworthiness of
those customers. Judgement is based on the Group\u2019s past experience as well as taking into consideration current market and
economic conditions, and any factors relating to a specific customer or sale. Changes in judgements and assumptions could
result in a material adjustment to those estimates in future reporting periods.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-506": { "value": "(a) Statement of compliance The consolidated financial statements have been prepared in accordance with UK-adopted International Accounting Standards. The consolidated financial statements are presented in US dollars and all values are rounded to the nearest tenth of a million dollars ($ 0.1 million), except where otherwise indicated. The Company has elected to present its Parent Company financial statements in accordance with FRS 102 \u201cThe Financial Reporting Standard applicable in the UK and Republic of Ireland\u201d. The Parent Company financial statements are presented in pounds Sterling and all values are rounded to the nearest tenth of a million pounds (\u00a3 0.1 million), except where otherwise indicated. ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-507": { "value": "(b) Consolidated basis of preparation Going concern The Group\u2019s business activities, together with the factors likely to affect its future development, performance and position are set out in the Strategic report on pages 04 to 34. The financial position of the Group, its cash flows, liquidity position and borrowing facilities are discussed in the Chief Financial Officer\u2019s review on pages 28 to 31. The Directors\u2019 assessment of the viability of the Group is set out in the Viability statement on page 34. In addition, note 24 to the financial statements includes the Group\u2019s objectives, policies and processes for managing its capital; its financial risk management objectives; details of its financial instruments and hedging activities; and its exposures to credit risk and liquidity risk. The Group\u2019s bank facility comprises a revolving credit facility (\u2018RCF\u2019) of $28.8m from HSBC. A balance of $5.2m was repaid in August 2024 using the proceeds received from the disposal of the Traffic business after which the facility was reduced by a corresponding amount from $34.0m to $28.8m. The facility was extended to 21 July 2027 on the same terms as the original agreement on 5 June 2025. Net debt increased to $17.8m at 31 March 2025 (31 March 2024: $16.4m) and comprised $25.7m borrowings with $7.9m cash in hand. The covenants are tested quarterly and are as follows:
Ratio
Calculation
Threshold
Leverage ratio
Net bank debt: Proforma unaudited EBITDA
<3.0x
Interest cover
Proforma unaudited EBITDA: Interest expense
>4.0x
The interest cover was temporarily reset from 4.0x to 2.5x for the quarter period ending 31 December 2024 only and was reset to 4.0x thereafter. Covenants were met in all four quarters. In assessing the going concern assumptions, the Directors have prepared three main scenarios over the going concern period which the Directors have assessed as a 15-month period to 30 June 2026, being: \u2022 the base case; \u2022 a plausible downside case in relation to revenue and margin; and \u2022 a reverse stress test (break-even assessment). Various upside scenarios also exist, but those result in positive outcomes and have not been included here given the focus of the Directors, and its auditors, is on the risk to the going concern basis of preparation to the financial statements. Nonetheless, the Directors consider these upside scenarios as realistic outcomes and continue to drive the Group\u2019s performance and other activities to seek to achieve those positive results. The downside scenarios reflect the risk of lower than expected organic revenue growth in core Lighting markets, lower gross margins than forecast and cost savings not being realised to the full extent forecasted. Base case The base case is derived from the Board approved year to 31 March 2026 Budget, which assumes that the margin will improve over the going concern period through various Group initiatives. The base case is driven by material cost reduction projects and tight control over the cost-base. In this scenario, the Directors consider that the Group will continue to operate within its available committed facilities of $28.8m with sufficient headroom and covenant compliance throughout the forecast period. The key assumptions in the base case include: \u2022 Decline in net revenue in the year to 31 March 2026 mainly due to the expected disposal of Traffic and Rail in October 2025 (end of MSA). \u2022 No growth in Lighting net revenue in the year to 31 March 2026 due to the current macroeconomic climate and the uncertainty surrounding global tariffs. \u2022 Net revenue for the quarter to 30 June 2026 is forecast to increase by 2.4% compared to the same quarter in 2025. This is driven by a combination of factors including increasing, benefits from strategic relationships, price increases, and increased source and sell product range sales. \u2022 Gross margin improvement as component price premiums continue to reduce and supply becomes more readily available; freight costs normalise, and the benefits from cost reduction and automation programmes are delivered resulting in a gross profit margin improvement of 1.9% in the year to 31 March 2026 and a further 4.2% in the quarter to 30 June 2026 respectively. \u2022 Operating costs are expected to be 33.2% of revenue in the year to 31 March 2026 and the quarter to 30 June 2026. Plausible downside case The Directors have assumed: \u2022 Year to 31 March 2026: reduction of Budget revenue by 5% across Lighting, Obstruction, OE and Vehicle. \u2022 Quarter to 30 June 2026: no growth in core revenue and a 75% reduction of the forecast product cost savings and discounting decrease. \u2022 No mitigating actions are assumed apart from the removal of a bonus provision for the year to 31 March 2026 and the quarter to 30 June 2026. Reverse stress test (break-even assessment) The Directors have assumed: \u2022 Year to 31 March 2026: reduction of Budget revenue by 9% across Lighting, Obstruction, OE and Vehicle. \u2022 Quarter to 30 June 2026: no growth in core revenue and a 85% reduction of the forecast product cost savings and discounting decrease. \u2022 No mitigating actions are assumed apart from the removal of a bonus provision for the year to 31 March 2026 and the quarter to 30 June 2026. As indicated above, the downside and reverse stress testing scenarios do not consider any mitigating actions apart from the removal of a bonus provision. In all these scenarios, the Group has a series of controllable mitigating actions that can be taken swiftly, including various temporary and permanent cost and cash saving measures. All scenarios include the settlement payments to be made to Sanmina. An initial $4.0m has been paid in March 2025 with a further $1.0m to be made per quarter until March 2027, rising to $1.5m if Dialight\u2019s market capitalisation rises above \u00a3100m for 30 consecutive days. Cumulative total payments to Sanmina under this scenario will not exceed $12.0m. The Directors are confident the payments will be funded out of operating cash flows, with sufficient headroom to meet business needs. In the base case and downside scenarios, the Group is forecast to have sufficient liquidity and not breach any covenants in the going concern period. In the reverse stress test, the leverage covenant ratio is forecast to breach in the quarter to 31 March 2026 and the quarter to 30 June 2026. The interest cover is expected to breach in the quarter to 30 June 2026. Whilst the Directors believe the Group will deliver on its plan, the Directors recognise that the results in recent years have fluctuated from the forecast. In the reverse stress test, whilst core revenue is forecast to decrease from the year to 31 March 2025 to the quarter to 30 June 2026, gross profit margin is forecast to increase by 1.3% in the same period. As a result, the Group will require a gross profit margin increase more than this to avoid breaching covenants. The Directors have therefore concluded that while the scenario itself is unlikely given the mitigating actions that can be implemented, there is a plausible risk of a covenant breach. Accordingly, the Directors have identified circumstances which give rise to a material uncertainty which may cast significant doubt on the entity\u2019s ability to continue as a going concern, meaning it may be unable to realise it assets and discharge its liabilities in the normal course of business. Notwithstanding this material uncertainty, the Directors consider it remains appropriate to continue to adopt the going concern basis in the preparation of the financial statements. The HSBC facility was extended on 5 June through to 21 July 2027, which covers the going concern period. ", "dimensions": { "concept": "dialightplc:DisclosureOfConsolidatedBasisOfPreparation", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-540": { "value": "Going concern The Group\u2019s business activities, together with the factors likely to affect its future development, performance and position are set out in the Strategic report on pages 04 to 34. The financial position of the Group, its cash flows, liquidity position and borrowing facilities are discussed in the Chief Financial Officer\u2019s review on pages 28 to 31. The Directors\u2019 assessment of the viability of the Group is set out in the Viability statement on page 34. In addition, note 24 to the financial statements includes the Group\u2019s objectives, policies and processes for managing its capital; its financial risk management objectives; details of its financial instruments and hedging activities; and its exposures to credit risk and liquidity risk. The Group\u2019s bank facility comprises a revolving credit facility (\u2018RCF\u2019) of $28.8m from HSBC. A balance of $5.2m was repaid in August 2024 using the proceeds received from the disposal of the Traffic business after which the facility was reduced by a corresponding amount from $34.0m to $28.8m. The facility was extended to 21 July 2027 on the same terms as the original agreement on 5 June 2025. Net debt increased to $17.8m at 31 March 2025 (31 March 2024: $16.4m) and comprised $25.7m borrowings with $7.9m cash in hand. The covenants are tested quarterly and are as follows:
Ratio
Calculation
Threshold
Leverage ratio
Net bank debt: Proforma unaudited EBITDA
<3.0x
Interest cover
Proforma unaudited EBITDA: Interest expense
>4.0x
The interest cover was temporarily reset from 4.0x to 2.5x for the quarter period ending 31 December 2024 only and was reset to 4.0x thereafter. Covenants were met in all four quarters. In assessing the going concern assumptions, the Directors have prepared three main scenarios over the going concern period which the Directors have assessed as a 15-month period to 30 June 2026, being: \u2022 the base case; \u2022 a plausible downside case in relation to revenue and margin; and \u2022 a reverse stress test (break-even assessment). Various upside scenarios also exist, but those result in positive outcomes and have not been included here given the focus of the Directors, and its auditors, is on the risk to the going concern basis of preparation to the financial statements. Nonetheless, the Directors consider these upside scenarios as realistic outcomes and continue to drive the Group\u2019s performance and other activities to seek to achieve those positive results. The downside scenarios reflect the risk of lower than expected organic revenue growth in core Lighting markets, lower gross margins than forecast and cost savings not being realised to the full extent forecasted. Base case The base case is derived from the Board approved year to 31 March 2026 Budget, which assumes that the margin will improve over the going concern period through various Group initiatives. The base case is driven by material cost reduction projects and tight control over the cost-base. In this scenario, the Directors consider that the Group will continue to operate within its available committed facilities of $28.8m with sufficient headroom and covenant compliance throughout the forecast period. The key assumptions in the base case include: \u2022 Decline in net revenue in the year to 31 March 2026 mainly due to the expected disposal of Traffic and Rail in October 2025 (end of MSA). \u2022 No growth in Lighting net revenue in the year to 31 March 2026 due to the current macroeconomic climate and the uncertainty surrounding global tariffs. \u2022 Net revenue for the quarter to 30 June 2026 is forecast to increase by 2.4% compared to the same quarter in 2025. This is driven by a combination of factors including increasing, benefits from strategic relationships, price increases, and increased source and sell product range sales. \u2022 Gross margin improvement as component price premiums continue to reduce and supply becomes more readily available; freight costs normalise, and the benefits from cost reduction and automation programmes are delivered resulting in a gross profit margin improvement of 1.9% in the year to 31 March 2026 and a further 4.2% in the quarter to 30 June 2026 respectively. \u2022 Operating costs are expected to be 33.2% of revenue in the year to 31 March 2026 and the quarter to 30 June 2026. Plausible downside case The Directors have assumed: \u2022 Year to 31 March 2026: reduction of Budget revenue by 5% across Lighting, Obstruction, OE and Vehicle. \u2022 Quarter to 30 June 2026: no growth in core revenue and a 75% reduction of the forecast product cost savings and discounting decrease. \u2022 No mitigating actions are assumed apart from the removal of a bonus provision for the year to 31 March 2026 and the quarter to 30 June 2026. Reverse stress test (break-even assessment) The Directors have assumed: \u2022 Year to 31 March 2026: reduction of Budget revenue by 9% across Lighting, Obstruction, OE and Vehicle. \u2022 Quarter to 30 June 2026: no growth in core revenue and a 85% reduction of the forecast product cost savings and discounting decrease. \u2022 No mitigating actions are assumed apart from the removal of a bonus provision for the year to 31 March 2026 and the quarter to 30 June 2026. As indicated above, the downside and reverse stress testing scenarios do not consider any mitigating actions apart from the removal of a bonus provision. In all these scenarios, the Group has a series of controllable mitigating actions that can be taken swiftly, including various temporary and permanent cost and cash saving measures. All scenarios include the settlement payments to be made to Sanmina. An initial $4.0m has been paid in March 2025 with a further $1.0m to be made per quarter until March 2027, rising to $1.5m if Dialight\u2019s market capitalisation rises above \u00a3100m for 30 consecutive days. Cumulative total payments to Sanmina under this scenario will not exceed $12.0m. The Directors are confident the payments will be funded out of operating cash flows, with sufficient headroom to meet business needs. In the base case and downside scenarios, the Group is forecast to have sufficient liquidity and not breach any covenants in the going concern period. In the reverse stress test, the leverage covenant ratio is forecast to breach in the quarter to 31 March 2026 and the quarter to 30 June 2026. The interest cover is expected to breach in the quarter to 30 June 2026. Whilst the Directors believe the Group will deliver on its plan, the Directors recognise that the results in recent years have fluctuated from the forecast. In the reverse stress test, whilst core revenue is forecast to decrease from the year to 31 March 2025 to the quarter to 30 June 2026, gross profit margin is forecast to increase by 1.3% in the same period. As a result, the Group will require a gross profit margin increase more than this to avoid breaching covenants. The Directors have therefore concluded that while the scenario itself is unlikely given the mitigating actions that can be implemented, there is a plausible risk of a covenant breach. Accordingly, the Directors have identified circumstances which give rise to a material uncertainty which may cast significant doubt on the entity\u2019s ability to continue as a going concern, meaning it may be unable to realise it assets and discharge its liabilities in the normal course of business. Notwithstanding this material uncertainty, the Directors consider it remains appropriate to continue to adopt the going concern basis in the preparation of the financial statements. The HSBC facility was extended on 5 June through to 21 July 2027, which covers the going concern period. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-508": { "value": "(c) Use of estimates, judgements and assumptions The preparation of the consolidated financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. These estimates, judgements and assumptions are based on historical experience and other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. The areas which require the most use of management estimation and judgement are set out below. Significant judgements Going concern The determination by the Directors of the entity\u2019s ability to continue as a going concern involves areas of judgement including preparation and assessment of budgets, forecasts and various scenarios. Refer to note 2(b) for a fuller discussion. Development and patent costs The Group capitalises development costs and patent costs provided they meet all criteria in the respective accounting policy. Costs are only capitalised when management applies judgement that is satisfied as to the ultimate commercial viability of the projects based on review of the relevant business case. The capitalised costs are amortised over the expected useful economic life, which is determined based on the reasonable commercial prospects of the product and a comparison to similar products being sold by the Group. The Group has $8.6m (2024: $7.4m) of development and patent costs that relate to the current product portfolio and new products expected to launch over the next one to two years. An impairment review of the total balance was performed resulting in impairment of $0.1m recorded in underlying EBIT (2024: $4.6m recorded as a non-recurring expenses (note 6)). All of the development projects are within the Lighting CGU and are tested for impairment at the CGU level. However, management also performs a review of each individual project to see if there are any indications of specific impairment by comparing the carrying amount of the asset with the net present value derived from the Board approved strategic plan. Directors recognise that the results in recent years have fluctuated from the forecast. Consideration was therefore given to the reversal of impairments recognised in prior periods. Given the sensitivity of the tests to the growth assumptions utilised in the forecasts, it was deemed to be appropriate to not recognise any such reversal at this time. Deferred tax assets The Group must determine the extent to which deferred tax assets can be recognised and this determination is based on an assessment of the probability that future taxable income will be available against which the deductible temporary differences and tax loss carry-forwards can be utilised. In addition, significant judgement is required in assessing the impact of any legal or economic limits or uncertainties in various tax jurisdictions. The Group has recognised a net deferred tax asset of $8.5m (2024: $5.8m). Of this balance, $6.4m (2024: $5.4m) arises in the US with $4.4m (2024: $3.2m) relating to short-term timing differences that typically unwind on a yearly basis, $0.4m (2024: $0.7m) arising on intangible assets, $0.3m (2024: nil) arising on other items, $1.9m (2024: $1.5m) arising on losses and restricted interest deductions which have no expiry dates. This is offset by a US deferred tax liability of $0.7m (2024: $0.7m) arising on property, plant and equipment. The Group considers it highly probably that sufficient future taxable profits will arise in the US based on both the earning history and the future forecasted profits. In addition, the Group is satisfied that the losses will unwind in the same period as the forecasted taxable profits. The remaining $2.1m of the recognised net deferred tax asset arises in respect of deferred tax assets on right-of-use assets and lease liabilities ($0.4m), provisions ($1.0m), losses ($1.0m), offset by deferred tax liabilities arising on employee benefits ($0.2m) and individually immaterial net DTAs recognised by the Group\u2019s subsidiary entities in various geographical locations. Non-underlying items The Group incurs costs and earns income that is non-underlying in nature or that, in the Directors\u2019 judgement, needs to be disclosed separately by virtue of its size and incidence in order for users of the consolidated financial statements to obtain a proper understanding of the financial information and the underlying performance of the business. Judgement is required in determining whether an item should be classified as non-underlying or included within the underlying results. Refer to note 6 for further information. Estimates Inventory reserve The total value of the inventory provision for all categories of inventory over which judgement has been exercised was $5.9m (2024: $6.6m) and this represents 11.2% (2024: 11.8%) of the gross inventory value. Details of the inventory reserve are set out in note 17. Inventory reserve \u2013 raw materials and sub-assemblies The Group\u2019s policy is that all raw material and sub-assembly inventory that is over 24-months old at the balance sheet date is provided for. This basis for estimate reduces estimation subjectivity, while allowing for the adverse impact from component shortages that have led to high inventory levels and some components being held for longer than expected. Two years has been assessed to be appropriate as the components have a long shelf life, continue to be used in production and the product demand mix between project and MRO. The inventory ageing continues to be skewed as a result of post COVID-19 supply chain disruption leading to inventory which is now two years old. The value of the inventory provision for raw materials and sub-assemblies as at 31 March 2025 was $4.4m (2024: $5.9m). If all raw material and sub-assembly inventory over 18-months old at the balance sheet date was to be provided for, the inventory provision would be $4.9m. Alternatively, if all raw material and sub-assembly inventory over 36-months old at the balance sheet date was to be provided for, the inventory provision in that scenario would be $1.7m. Inventory reserve \u2013 finished goods The review of finished goods inventory was based on all inventory over 365 days old. Inventory on hand was compared to historical sales, current orders, sales pipeline and whether the product had been recently launched. Management judgement was then applied to determine whether there was a reasonable probability that the inventory would be sold, with a provision being required for any inventory that failed this assessment. Management believes that any reasonably possible change in the assumption would not cause any significant change in the provision estimate for finished goods. The value of the inventory provision for finished goods as at 31 March 2025 was $1.5m (2024: $0.7m). Inventory reserve and onerous contract provision \u2013 disposal of traffic business Following the disposal of the traffic business, an estimate was made of the provision for excess or obsolete inventory and to provide for inventory expected to be sold at below cost. The provision, which is included in the inventory provisions noted above, is $0.8m as at 31 March 2025 (2024: $3.0m); during the 12-month period ended 31 March 2025, $2.2m of the inventory provision was released as it was deemed to be in excess of current requirements. Inventory is being utilised or sold to Leotek and as at the balance sheet date future inventory utilisation/sales are inherently an estimate. Additionally, during the current financial period, an onerous contract provision relating to the Leotek contract of $0.9m (2024: nil) was made. The provision is for estimated expected losses until the end of the Leotek contract in October 2025. These are recognised within cost of goods sold and are disclosed as a non-underlying item within note 6. Inventory \u2013 absorbed overhead costs The valuation of inventory, detailed in note 17, requires the use of estimates in the amount of costs to be absorbed into inventory valuation. The costs of purchase of inventories comprise the purchase price, import duties/other taxes and freight, handling and other costs directly attributable to the acquisition of inventory. The costs of conversion of inventories include costs directly related to the units of production and also include a systematic allocation of fixed and variable production overheads that are incurred in converting materials into finished goods. Costs related to production comprise labour and direct overheads attributable to the production process. They are assessed to ensure that costs unrelated to production are excluded. Unallocated overheads are recognised as an expense in the period in which they are incurred. Consistent with prior year, the Group absorbs costs using weighted average inventory turns. The value of directly attributable costs over which judgement was exercised was $6.9m (2024: $7.6m) and this represents 15% (2024: 15%) of the inventory value. For every day that the estimate of the days used for the overheads absorbed changes, it changes the calculation by $78.0k (2024: $96.9k). In relation to the amount of freight costs that are included in the inventory valuation, the value of freight costs over which judgement was exercised was $3.2m (2024: $2.8m) and this represents 7% (2024: 6%) of the inventory value. For every day that the estimate of the days used for the freight costs absorbed changes, it changes the calculation by $16.6k (2024: $17.1k). Management believes that any reasonably possible change in the assumptions would not cause any significant change in the amount of costs absorbed into inventory. Pension plans The key actuarial assumptions used to value the pension plan liabilities and could have a significant impact on the valuation of the liabilities. The Group\u2019s assumptions are disclosed in note 16 with associated sensitivity analysis. The key assumptions are mortality rates, inflation and market yields. These assumptions are set with close reference to market conditions. Impairment losses of financial assets Expected credit losses of financial assets contain a number of measurement uncertainties relating to management\u2019s view of the expected future cash flows receivable from financial assets due from customers and the inherent creditworthiness of those customers. Judgement is based on the Group\u2019s past experience as well as taking into consideration current market and economic conditions, and any factors relating to a specific customer or sale. Changes in judgements and assumptions could result in a material adjustment to those estimates in future reporting periods.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-460": { "value": "
3. CHANGES IN SIGNIFICANT ACCOUNTING POLICIES
The following accounting standards, interpretations, improvements and amendments have become applicable for the current
period and although the Group has adopted them, they have had no material impact on the Group. These comprise:
\u2022 Non-current Liabilities with Covenants and classification of Liabilities as Current or Non-current (Amendments to IAS 1);
\u2022 Lease liability in a Sale and Leaseback (Amendments to IFRS 16); and
\u2022 Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7).
The following amendments to standards and interpretations have also been issued, but are not yet effective and have not been
early adopted for the period ended 31 March 2025:
\u2022 Lack of Exchangeability (Amendments to IAS 21);
\u2022 Presentation and Disclosures in Financial Statements (IFRS 18);
\u2022 Subsidiaries without Public Accountability: Disclosures (IFRS 19);
\u2022 Amendments to the Classification and Measurement of Financial Instruments (amendments to IFRS 9 and IFRS 7);
\u2022 Contracts Referencing Nature-dependent Electricity (amendments to IFRS 9 and IFRS 7); and
\u2022 Annual Improvements to IFRS Accounting Standards (amendments to IFRS 10, IFRS 9, IFRS 1, IAS 7 and IFRS 7).
The adoption of these amendments is not expected to have a material impact on the financial results of the Group but could
impact the presentation of the financial statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-510": { "value": "3. CHANGES IN SIGNIFICANT ACCOUNTING POLICIES The following accounting standards, interpretations, improvements and amendments have become applicable for the current period and although the Group has adopted them, they have had no material impact on the Group. These comprise: \u2022 Non-current Liabilities with Covenants and classification of Liabilities as Current or Non-current (Amendments to IAS 1); \u2022 Lease liability in a Sale and Leaseback (Amendments to IFRS 16); and \u2022 Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7). The following amendments to standards and interpretations have also been issued, but are not yet effective and have not been early adopted for the period ended 31 March 2025: \u2022 Lack of Exchangeability (Amendments to IAS 21); \u2022 Presentation and Disclosures in Financial Statements (IFRS 18); \u2022 Subsidiaries without Public Accountability: Disclosures (IFRS 19); \u2022 Amendments to the Classification and Measurement of Financial Instruments (amendments to IFRS 9 and IFRS 7); \u2022 Contracts Referencing Nature-dependent Electricity (amendments to IFRS 9 and IFRS 7); and \u2022 Annual Improvements to IFRS Accounting Standards (amendments to IFRS 10, IFRS 9, IFRS 1, IAS 7 and IFRS 7). The adoption of these amendments is not expected to have a material impact on the financial results of the Group but could impact the presentation of the financial statements.", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-542": { "value": "The following amendments to standards and interpretations have also been issued, but are not yet effective and have not been early adopted for the period ended 31 March 2025: \u2022 Lack of Exchangeability (Amendments to IAS 21); \u2022 Presentation and Disclosures in Financial Statements (IFRS 18); \u2022 Subsidiaries without Public Accountability: Disclosures (IFRS 19); \u2022 Amendments to the Classification and Measurement of Financial Instruments (amendments to IFRS 9 and IFRS 7); \u2022 Contracts Referencing Nature-dependent Electricity (amendments to IFRS 9 and IFRS 7); and \u2022 Annual Improvements to IFRS Accounting Standards (amendments to IFRS 10, IFRS 9, IFRS 1, IAS 7 and IFRS 7). The adoption of these amendments is not expected to have a material impact on the financial results of the Group but could impact the presentation of the financial statements.", "dimensions": { "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-456": { "value": "
4. SIGNIFICANT ACCOUNTING POLICIES
The accounting policies set out below have been applied consistently to all periods presented in these consolidated financial
statements and have been applied consistently by Group entities.
(a) Basis of consolidation
The consolidated financial statements comprise the financial statements of the parent and its subsidiaries as at 31 March 2025.
Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has
the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if, and only if,
the Group has (a) power over the investee; (b) exposure, or rights, to variable returns from the investee; and (c) ability to use its
power to affect those returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate
that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group
obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and
expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the
date the Group gains control until the date the Group ceases to control the subsidiary. If the Group loses control of a subsidiary,
it derecognises the related assets (including goodwill), liabilities and other components of equity, while any resultant gain or loss
is recognised in the income statement.
Intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated.
Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Accounting policies as applied to subsidiaries have been changed where necessary to ensure consistency with the policies
adopted by the Group.
Acquisitions prior to 1 January 2004 (date of transition to IFRSs) As part of its transition to IFRSs, the Group elected to restate only those business combinations that occurred on or after 1 January 2003. In respect of acquisitions prior to 1 January 2003, goodwill represents the amount recognised under the Group\u2019s previous accounting framework, UK GAAP. Subsidiaries are entities controlled by the Group. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Changes in ownership interest The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognised in retained earnings within the statement of changes in equity. (c) Non-underlying items The Group incurs costs and earns income that is non-underlying in nature or that, in the Directors\u2019 judgement, needs to be disclosed separately by virtue of its size and incidence in order for users of the consolidated financial statements to obtain a proper understanding of the financial information and the underlying performance of the business. These items could include (but are not limited to): \u2022 the costs related to transferring production back from an outsourced manufacturer; \u2022 the impairment of tangible or intangible assets including goodwill; \u2022 the impairment of inventory as a result of a significant change in product design; \u2022 individual restructuring projects which are material or relate to the closure of a part of the business and are not expected to recur; \u2022 gains or losses on disposal of businesses; \u2022 gains or losses arising on significant changes to closed defined benefit pension plans; and \u2022 costs arising from legal disputes including that with Sanmina Corporation (see note 6). Determining whether an item is part of specific non-underlying items requires judgement to determine the nature and the intention of the transaction. (d) Foreign currency translation Functional and presentation currency The consolidated financial statements are presented in US dollars to provide greater transparency in the Group\u2019s performance for investors and other stakeholders and to reduce exchange rate volatility in reported figures. The functional currency of Dialight plc is considered to be GBP Sterling because that is the currency of the primary economic environment in which the Company operates. Foreign operations For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group\u2019s overseas operations, including goodwill and fair value adjustments arising on consolidation, are translated using exchange rates prevailing on the balance sheet date. Foreign currency transactions and balances Income and expense items of overseas operations are translated at average exchange rates for the period. The resulting exchange differences are recognised as a separate component of equity within the Group\u2019s translation reserve. Such translation differences are recognised in the income statement in the period in which the foreign operation is disposed of. Foreign currency transactions are accounted for at the exchange rate prevailing at the date of the transaction. Gains and losses resulting from the settlement of such transactions and from the translation of monetary and non-monetary assets and liabilities denominated in foreign currencies are recognised in the income statement. (e) Derivative financial instruments Derivative financial instruments are recorded initially at cost and are remeasured to fair value at subsequent reporting dates. The gain or loss on remeasurement to fair value is recognised immediately in the income statement. (f) Property, plant and equipment All items of property, plant and equipment are stated at cost less accumulated depreciation and provision for impairment. Subsequent costs are included in the asset carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost can be measured reliably. All other repair and maintenance costs are charged to the income statement in the financial period they are incurred. (g) Other intangible assets Other intangible assets that are acquired by the Group and have finite useful lives are measured at cost less accumulated amortisation and accumulated impairment losses. (h) Depreciation and amortisation Depreciation Depreciation is charged to the income statement on a straight-line basis over the estimated useful lives of each part of an item of property, plant and equipment, except for right-of-use assets which are depreciated over the shorter of the lease contract period and their useful lives. Land is not depreciated. The estimated useful lives are as follows: Plant, equipment and vehicles 3\u201310 years Right-of-use assets 2\u20139 years Amortisation Amortisation is recognised in profit and loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives are as follows: Patents and trademarks 3\u20135 years Development costs Product upgrades 3 years New product 4 years Control and technology-related products 5 years Goodwill that arises upon acquisition of subsidiaries is included in intangible assets. For the measurement of goodwill at initial recognition, see note 4(b). Subsequent measurement After initial recognition, goodwill is measured at cost less any accumulated impairment losses until disposal or termination of the cash generating unit (\u2018CGU\u2019). Goodwill is allocated to the CGUs and is tested at least annually for impairment. An impairment loss recognised for goodwill is not reversed in a subsequent period. (i) Research and development costs Expenditure on research activities undertaken with the prospect of gaining new scientific or technical knowledge and understanding is immediately recognised in the income statement as an expense. Development expenditure is capitalised only if the expenditure can be measured reliably, the product and process is technically and commercially viable, future economic benefits are probable and the Group intends and has sufficient resources to complete the development and to use or sell the asset. Costs are only capitalised once the initial research phase has been completed and the business case for development has been approved by management. The expenditure capitalised includes direct cost of material, direct labour and directly attributable overheads. Other development expenditure is recognised in the income statement as an expense as incurred. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses. (j) Impairment The carrying amounts of the Group\u2019s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset\u2019s recoverable amount is estimated. For goodwill and intangible assets that have indefinite lives or that are not yet available for use, the recoverable amount is estimated at each reporting date. An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its recoverable amount. A CGU is the smallest identifiable asset group that generates cash flows that are largely independent from other assets and groups. Impairment losses are recognised in the income statement. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit (group of units) on a pro-rata basis. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Any impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. A financial asset, in particular the carrying value of trade receivables, is considered to be impaired if one or more events have had a negative effect on the estimated future cash flows expected to arise from that asset. Any impairment losses are recognised through the income statement. (k) Inventories Inventories are stated at the lower of cost and net realisable value. Cost includes all expenses directly attributable to the manufacturing process as well as suitable portions of related production overheads, based on normal operating capacity. Costs of ordinarily interchangeable items are assigned using the first in, first out cost formula. Net realisable value is the estimated selling price in the ordinary course of business less any directly attributable selling expenses. When calculating inventory reserves, management considers the nature and condition of the inventory, as well as taking into consideration an assessment of market developments, change in strategy or business model, regulatory and technology evolvement, and analysis of historical and projected usage with regard to quantities held. (l) Cash and cash equivalents Cash and cash equivalents comprise cash balances and call deposits. (m) Share capital Dividends are recognised in the period in which they are approved by the Company\u2019s shareholders, or, in the case of an interim dividend, when the dividend is paid. Under the terms of the PSP, RSP and deferred bonus schemes, dividends accrue on shares not yet vested; however, in the event that the shares lapse or are forfeited then the dividends will not be paid and the accrual is reversed. Own shares Company shares held by the employee benefit trusts (\u2018EBT\u2019) are held at the consideration paid. It has been concluded that Dialight Plc controls the EBT and consequently the EBT has been incorporated into the Group financial statements. Purchases of shares made by the EBT are shown in the statement of changes in equity as own shares. (n) Employee benefits (i) Defined contribution pension plans Obligations for contributions to defined contribution pension plans are recognised as an expense in the income statement when they are due. (ii) Defined benefit pension plans The Group\u2019s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned for their service in prior periods, discounting that amount and deducting the fair value of any plan assets. The calculation is performed by an independent qualified actuary using the projected unit credit method. In accordance with IFRIC 14 \u2013 IAS 19 \u201cThe Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction\u201d, the pension surplus can be recognised as an asset on the balance sheet, limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. To calculate the present value of economic benefits, consideration is given to any applicable minimum funding requirements. Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest) are recognised immediately in other comprehensive income. The Group determines the net interest expense/(income) on the net defined benefit liability/(asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then net defined benefit liability/(asset), taking into account any changes in the net defined benefit liability/(asset) during the period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognised in the income statement. When the benefits of a plan are changed, or when a plan is curtailed, the resulting change in benefit that relates to past service, or the gain or loss on curtailment, is recognised immediately in the income statement. The Group recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs. (iii) Share-based payments and deferred bonus transactions The PSP and RSP allows Group employees to acquire shares of the Company. The fair value of the grants is measured using the five-day weighted average prior to grant, taking into account the terms and conditions upon which the grants were made. The amount recognised as an expense is only adjusted to reflect forfeitures resulting from failures to meet non-market conditions. The share-based payments are equity-settled. Key Group employees can be awarded shares in the Company under the Annual Performance Bonus Plan (\u2018APBP\u2019). The fair value of the award granted is recognised as an employee expense with a corresponding increase in equity. The fair value is measured at the grant date and spread over the performance period, during which the employees become unconditionally entitled to the award. All of the share awards are based on three-year continued service conditions, except under the APBP where 50% vest after two years. Executive Directors are eligible for awards under the Value Creation Plan (\u2018VCP\u2019). Participants will be eligible for a share in a pool of excess value created over three and four-year periods. The total pool will be calculated as 7.5% of value created through share price growth plus dividends (\u2018TSR\u2019) in excess of 350p vs a four-week average share price ending 1 April of approximately 166p; i.e. growth of approximately 110%. The award will have two independent three and four-year performance measurement periods. Each period will determine 50% of the award. A three-month average opening and closing share price will be used to measure value creation for the pool. Awards will be granted as a number of units in the pool. At the end of each performance period, units will be converted into an award of shares/nil cost options with participants required to hold onto their vested shares after any sales required to settle tax and withholdings on vesting for a period of five years from grant. The fair value is measured at the grant date and spread over the performance period during which the participants become unconditionally entitled to the award. (iv) Bonus plan The Group recognises a liability in respect of the best estimate of bonus payable where contractually obliged to or where past practice has created a constructive obligation. (o) Other provisions A provision is recognised in the balance sheet when the Group has a present legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation. A warranty provision is made for the expected costs of future warranty claims relating to past product sales. This provision is estimated based on historical trends for returns, product-specific warranty terms, internal knowledge of product performance characteristics and the expected costs of remedying warranty-returned products. All other provisions are based on management\u2019s best estimate of a probable expected outcome. (p) Trade and other receivables Trade and other receivables are recognised at fair value except for trade receivables that do not have a significant financing component which are measured at transaction price and carried at amortised cost, less an allowance for expected lifetime losses as permitted under the simplified approach in IFRS 9. Fully provided balances are not written off from the balance sheet until the Group has decided to cease enforcement activity. The Group has applied the simplified approach as permitted by IFRS 9. The expected credit loss (\u2018ECL\u2019) model considers the Group\u2019s historical credit loss, factors specific to each receivable, the current economic environment and expected changes in future forecasts (see note 24). (q) Trade and other payables Trade and other payables are initially recorded at fair value and then subsequently stated at amortised cost. (r) Revenue recognition The Group\u2019s revenue is derived from the single performance obligation to transfer lighting products under arrangements in which the transfer of control of the products and the fulfilment of the Group\u2019s performance obligations occur at the same time. Revenue from the sale of goods is recognised when the Group has transferred control of the goods to the buyer and the buyer obtains the benefits from the goods based on Incoterms, the potential cash flows and the amount of revenue (the transaction price) can be measured reliably, and it is probable the Group will collect the consideration to which it is entitled to in exchange for the goods. The majority of sales are on an ex works basis with revenue recognised on dispatch of finished goods. Warranty is not a separable performance obligation so has no impact on revenue recognition. The Group does not have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the Group does not adjust any of the transaction prices for the time value of money. Where rebates agreements are in place revenue is recognised based on the price specified in the contract net of the estimated rebate discount. Accumulated experience is used to estimate and provide for the discounts and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. A contract liability is recognised for expected rebate discounts payable to customers in relation to sales made until the end of the reporting period. (s) Government grants Government grants are not recognised until there is reasonable assurance that the Group will comply with the conditions attaching to them and that the grants will be received. Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Group with no future related costs are recognised in profit or loss in the period in which they become receivable. (t) Net financing costs Net financing costs comprise interest receivable, interest payable on borrowings, arrangement fees on revised or new borrowing facilities, interest payable on lease liabilities, interest on pension assets and liabilities, foreign exchange gains and losses. (u) Income tax expense Income tax expense comprises current and deferred tax. Income tax expense is recognised in the income statement except to the extent that it relates to items recognised directly in equity. The tax currently payable is based on the taxable profit for the year. Taxable profit differs from profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are not taxable or deductible. The tax rate and laws used to compute the amount are those that are enacted, or substantially enacted, by the reporting date. Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the assets to be recovered. Deferred tax is calculated using tax rates that are enacted or substantively enacted at the balance sheet date. Deferred tax is charged or credited to profit and loss, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax is determined using tax rates (and laws) that have been enacted, or substantially enacted, by the balance sheet date and are expected to apply when the deferred tax assets is released or the deferred tax liability is settled. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. Additional income taxes that arise from the distribution of dividends are recognised at the same time as the liability to pay the related dividend is recognised. (v) Leases At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group uses the definition of a lease in IFRS 16. (i) As a lessee At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. However, for the leases of property the Group has elected not to separate non-lease components and accounts for the lease and non-lease components as a single lease component. The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. The Group operates in multiple economic environments so the incremental borrowing rate (\u2018IBR\u2019) that applies will vary from lease to lease. Discount rates applied for different jurisdictions IFRS 16 allows the use of two possible discount rates, namely the interest rate implicit in the lease from the perspective of the lessor (implicit rate) or the Group\u2019s IBR. The IBR is the rate of interest that Dialight pays to borrow (a) over a similar term; (b) with a similar security; (c) the funds necessary to obtain an asset of a similar value to the right-of-use asset; and (d) in a similar economic environment. The rate reflects the amount that the Group could borrow over the term of the lease. The Group operates in multiple jurisdictions and the economic environment in those jurisdictions would also influence the IBR. This is expected to lead to a different IBR for every lease in a different territory. Key information that the Group considered while determining the IBR relates to the region where the lease is domiciled, the functional currency and the currency of the lease, the asset being leased and the remaining years left on the lease. The Group has property leases in the US, Mexico, UK, Australia and Malaysia. The Mexican and Malaysian leases are for industrial premises with the remaining leases being for office buildings. The IBR is determined based on the interest rates available to the Group entities in which the underlying leases are held, based on the credit rating of each of these entities. Certain adjustments are made to these interest rates to reflect the terms of the individual leases and the types of assets leased. The IBRs calculated for use by the Group vary between 2.5% and 8.0%. Lease payments included in the measurement of the lease liability comprise the following: Fixed payments, including in-substance fixed payments; variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; amounts expected to be payable under a residual value guarantee; and the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group\u2019s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Group presents right-of-use assets that do not meet the definition of investment property in right-of-use assets and lease liabilities separately in the statement of financial position. The Group has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and short-term leases, including IT equipment. The Group recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term. (ii) As a lessor When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with reference to the underlying asset. The Group classifies the sub-lease as an operating lease as the lease does not transfer substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease. The Group recognises lease payments received under operating leases as income on a straight-line basis over the lease term. (w) Measurement of fair values A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities. The Group has an established control framework, appropriate for the size and complexity of the Group, with respect to the measurement of fair values. When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows: Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the inputs used to measure the fair value of an asset or a liability might be categorised in different levels of the fair value hierarchy, then the fair value measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. (x) Contingent liabilities A contingent liability arises from past events and includes possible obligations (50% certain or less) whose existence will be confirmed only by the occurrence of uncertain future events not wholly within the entity\u2019s control and present obligations, which are not recognised because it is not probable that a transfer of economic benefits will be required to settle the obligation or the obligations cannot be measured reliably. It includes guarantees to third parties and certain lawsuits.", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-459": { "value": "(a) Basis of consolidation The consolidated financial statements comprise the financial statements of the parent and its subsidiaries as at 31 March 2025. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if, and only if, the Group has (a) power over the investee; (b) exposure, or rights, to variable returns from the investee; and (c) ability to use its power to affect those returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. If the Group loses control of a subsidiary, it derecognises the related assets (including goodwill), liabilities and other components of equity, while any resultant gain or loss is recognised in the income statement. Intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies as applied to subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-511": { "value": "The consolidated financial statements comprise the financial statements of the parent and its subsidiaries as at 31 March 2025. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if, and only if, the Group has (a) power over the investee; (b) exposure, or rights, to variable returns from the investee; and (c) ability to use its power to affect those returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary. If the Group loses control of a subsidiary, it derecognises the related assets (including goodwill), liabilities and other components of equity, while any resultant gain or loss is recognised in the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-509": { "value": "
(b) Business combinations and goodwill
Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which
control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights that were
then currently exercisable.
Acquisitions on or after 1 January 2010
For acquisitions on or after 1 January 2010, the Group measures goodwill at the acquisition date as:
\u2022 the fair value of the consideration transferred; plus
\u2022 the recognised amount of any non-controlling interests in the acquiree; less
\u2022 the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed.
When the excess is negative, a gain is recognised immediately in profit or loss. Costs related to the acquisition, other than those
associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are
expensed as incurred.
Acquisitions between 1 January 2004 and 1 January 2010
For acquisitions between 1 January 2004 and 1 January 2010, goodwill represents the excess of the cost of the acquisition over
the Group\u2019s interest in the recognised amount (generally fair value) of the identifiable assets, liabilities and contingent liabilities
of the acquiree.
Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurred in connection
with business combinations were capitalised as part of the acquisition.
Acquisitions prior to 1 January 2004 (date of transition to IFRSs) As part of its transition to IFRSs, the Group elected to restate only those business combinations that occurred on or after 1 January 2003. In respect of acquisitions prior to 1 January 2003, goodwill represents the amount recognised under the Group\u2019s previous accounting framework, UK GAAP. Subsidiaries are entities controlled by the Group. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Changes in ownership interest The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognised in retained earnings within the statement of changes in equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-461": { "value": "(b) Business combinations and goodwill Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights that were then currently exercisable. Acquisitions on or after 1 January 2010 For acquisitions on or after 1 January 2010, the Group measures goodwill at the acquisition date as: \u2022 the fair value of the consideration transferred; plus \u2022 the recognised amount of any non-controlling interests in the acquiree; less \u2022 the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed. When the excess is negative, a gain is recognised immediately in profit or loss. Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Acquisitions between 1 January 2004 and 1 January 2010 For acquisitions between 1 January 2004 and 1 January 2010, goodwill represents the excess of the cost of the acquisition over the Group\u2019s interest in the recognised amount (generally fair value) of the identifiable assets, liabilities and contingent liabilities of the acquiree. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurred in connection with business combinations were capitalised as part of the acquisition.
Acquisitions prior to 1 January 2004 (date of transition to IFRSs)
As part of its transition to IFRSs, the Group elected to restate only those business combinations that occurred on or after
1 January 2003. In respect of acquisitions prior to 1 January 2003, goodwill represents the amount recognised under the Group\u2019s
previous accounting framework, UK GAAP.
Subsidiaries are entities controlled by the Group. The financial statements of subsidiaries are included in the consolidated
financial statements from the date that control commences until the date that control ceases. Intra-group balances, and
any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated
financial statements.
Changes in ownership interest
The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity
owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling
and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the
adjustment to non-controlling interests and any consideration paid or received is recognised in retained earnings within the
statement of changes in equity.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-563": { "value": "(b) Business combinations and goodwill Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights that were then currently exercisable. Acquisitions on or after 1 January 2010 For acquisitions on or after 1 January 2010, the Group measures goodwill at the acquisition date as: \u2022 the fair value of the consideration transferred; plus \u2022 the recognised amount of any non-controlling interests in the acquiree; less \u2022 the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed. When the excess is negative, a gain is recognised immediately in profit or loss. Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Acquisitions between 1 January 2004 and 1 January 2010 For acquisitions between 1 January 2004 and 1 January 2010, goodwill represents the excess of the cost of the acquisition over the Group\u2019s interest in the recognised amount (generally fair value) of the identifiable assets, liabilities and contingent liabilities of the acquiree. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurred in connection with business combinations were capitalised as part of the acquisition. Acquisitions prior to 1 January 2004 (date of transition to IFRSs) As part of its transition to IFRSs, the Group elected to restate only those business combinations that occurred on or after 1 January 2003. In respect of acquisitions prior to 1 January 2003, goodwill represents the amount recognised under the Group\u2019s previous accounting framework, UK GAAP. Subsidiaries are entities controlled by the Group. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Changes in ownership interest The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognised in retained earnings within the statement of changes in equity.
(g) Other intangible assets
Other intangible assets that are acquired by the Group and have finite useful lives are measured at cost less accumulated
amortisation and accumulated impairment losses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-541": { "value": "(b) Business combinations and goodwill Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. In assessing control, the Group takes into consideration potential voting rights that were then currently exercisable. Acquisitions on or after 1 January 2010 For acquisitions on or after 1 January 2010, the Group measures goodwill at the acquisition date as: \u2022 the fair value of the consideration transferred; plus \u2022 the recognised amount of any non-controlling interests in the acquiree; less \u2022 the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed. When the excess is negative, a gain is recognised immediately in profit or loss. Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Acquisitions between 1 January 2004 and 1 January 2010 For acquisitions between 1 January 2004 and 1 January 2010, goodwill represents the excess of the cost of the acquisition over the Group\u2019s interest in the recognised amount (generally fair value) of the identifiable assets, liabilities and contingent liabilities of the acquiree. Transaction costs, other than those associated with the issue of debt or equity securities, that the Group incurred in connection with business combinations were capitalised as part of the acquisition. Acquisitions prior to 1 January 2004 (date of transition to IFRSs) As part of its transition to IFRSs, the Group elected to restate only those business combinations that occurred on or after 1 January 2003. In respect of acquisitions prior to 1 January 2003, goodwill represents the amount recognised under the Group\u2019s previous accounting framework, UK GAAP. Subsidiaries are entities controlled by the Group. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances, and any unrealised income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Changes in ownership interest The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognised in retained earnings within the statement of changes in equity. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-462": { "value": "
(c) Non-underlying items
The Group incurs costs and earns income that is non-underlying in nature or that, in the Directors\u2019 judgement, needs to be
disclosed separately by virtue of its size and incidence in order for users of the consolidated financial statements to obtain
a proper understanding of the financial information and the underlying performance of the business.
These items could include (but are not limited to):
\u2022 the costs related to transferring production back from an outsourced manufacturer;
\u2022 the impairment of tangible or intangible assets including goodwill;
\u2022 the impairment of inventory as a result of a significant change in product design;
\u2022 individual restructuring projects which are material or relate to the closure of a part of the business and are not expected
to recur;
\u2022 gains or losses on disposal of businesses;
\u2022 gains or losses arising on significant changes to closed defined benefit pension plans; and
\u2022 costs arising from legal disputes including that with Sanmina Corporation (see note 6).
Determining whether an item is part of specific non-underlying items requires judgement to determine the nature and the
intention of the transaction.
", "dimensions": { "concept": "dialightplc:DescriptionOfAccountingPolicyForNonUnderlyingItems", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-464": { "value": "
(d) Foreign currency translation
Functional and presentation currency
The consolidated financial statements are presented in US dollars to provide greater transparency in the Group\u2019s performance
for investors and other stakeholders and to reduce exchange rate volatility in reported figures. The functional currency of
Dialight plc is considered to be GBP Sterling because that is the currency of the primary economic environment in which the
Company operates.
Foreign operations
For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group\u2019s overseas operations,
including goodwill and fair value adjustments arising on consolidation, are translated using exchange rates prevailing on the
balance sheet date.
Foreign currency transactions and balances
Income and expense items of overseas operations are translated at average exchange rates for the period. The resulting
exchange differences are recognised as a separate component of equity within the Group\u2019s translation reserve. Such translation
differences are recognised in the income statement in the period in which the foreign operation is disposed of. Foreign currency
transactions are accounted for at the exchange rate prevailing at the date of the transaction.
Gains and losses resulting from the settlement of such transactions and from the translation of monetary and non-monetary
assets and liabilities denominated in foreign currencies are recognised in the income statement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-513": { "value": "Functional and presentation currency The consolidated financial statements are presented in US dollars to provide greater transparency in the Group\u2019s performance for investors and other stakeholders and to reduce exchange rate volatility in reported figures. The functional currency of Dialight plc is considered to be GBP Sterling because that is the currency of the primary economic environment in which the Company operates. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-463": { "value": "
(e) Derivative financial instruments
Derivative financial instruments are recorded initially at cost and are remeasured to fair value at subsequent reporting dates.
The gain or loss on remeasurement to fair value is recognised immediately in the income statement.
(w) Measurement of fair values
A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both financial and
non-financial assets and liabilities.
The Group has an established control framework, appropriate for the size and complexity of the Group, with respect to the
measurement of fair values. When measuring the fair value of an asset or liability, the Group uses market observable data as far
as possible. Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation
techniques as follows:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly
or indirectly.
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
If the inputs used to measure the fair value of an asset or a liability might be categorised in different levels of the fair value
hierarchy, then the fair value measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest
level input that is significant to the entire measurement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-543": { "value": "(e) Derivative financial instruments Derivative financial instruments are recorded initially at cost and are remeasured to fair value at subsequent reporting dates. The gain or loss on remeasurement to fair value is recognised immediately in the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-512": { "value": "(e) Derivative financial instruments Derivative financial instruments are recorded initially at cost and are remeasured to fair value at subsequent reporting dates. The gain or loss on remeasurement to fair value is recognised immediately in the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-468": { "value": "
(f) Property, plant and equipment
All items of property, plant and equipment are stated at cost less accumulated depreciation and provision for impairment.
Subsequent costs are included in the asset carrying amount or recognised as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item will flow to the Group and the cost can be measured reliably.
All other repair and maintenance costs are charged to the income statement in the financial period they are incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-465": { "value": "(g) Other intangible assets Other intangible assets that are acquired by the Group and have finite useful lives are measured at cost less accumulated amortisation and accumulated impairment losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-544": { "value": "
(h) Depreciation and amortisation
Depreciation
Depreciation is charged to the income statement on a straight-line basis over the estimated useful lives of each part of an item
of property, plant and equipment, except for right-of-use assets which are depreciated over the shorter of the lease contract
period and their useful lives. Land is not depreciated.
The estimated useful lives are as follows:
Plant, equipment and vehicles 3\u201310 years
Right-of-use assets 2\u20139 years
Amortisation
Amortisation is recognised in profit and loss on a straight-line basis over the estimated useful lives of intangible assets, other
than goodwill, from the date that they are available for use.
The estimated useful lives are as follows:
Patents and trademarks 3\u20135 years
Development costs
Product upgrades 3 years
New product 4 years
Control and technology-related products 5 years
Goodwill that arises upon acquisition of subsidiaries is included in intangible assets. For the measurement of goodwill at initial
recognition, see note 4(b).
Subsequent measurement
After initial recognition, goodwill is measured at cost less any accumulated impairment losses until disposal or termination of the
cash generating unit (\u2018CGU\u2019). Goodwill is allocated to the CGUs and is tested at least annually for impairment. An impairment
loss recognised for goodwill is not reversed in a subsequent period.
(i) Research and development costs
Expenditure on research activities undertaken with the prospect of gaining new scientific or technical knowledge and
understanding is immediately recognised in the income statement as an expense.
Development expenditure is capitalised only if the expenditure can be measured reliably, the product and process is technically
and commercially viable, future economic benefits are probable and the Group intends and has sufficient resources to complete
the development and to use or sell the asset. Costs are only capitalised once the initial research phase has been completed
and the business case for development has been approved by management. The expenditure capitalised includes direct cost
of material, direct labour and directly attributable overheads. Other development expenditure is recognised in the income
statement as an expense as incurred. Capitalised development expenditure is stated at cost less accumulated amortisation and
impairment losses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-469": { "value": "(h) Depreciation and amortisation Depreciation Depreciation is charged to the income statement on a straight-line basis over the estimated useful lives of each part of an item of property, plant and equipment, except for right-of-use assets which are depreciated over the shorter of the lease contract period and their useful lives. Land is not depreciated. The estimated useful lives are as follows: Plant, equipment and vehicles 3\u201310 years Right-of-use assets 2\u20139 years Amortisation Amortisation is recognised in profit and loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives are as follows: Patents and trademarks 3\u20135 years Development costs Product upgrades 3 years New product 4 years Control and technology-related products 5 years Goodwill that arises upon acquisition of subsidiaries is included in intangible assets. For the measurement of goodwill at initial recognition, see note 4(b). Subsequent measurement After initial recognition, goodwill is measured at cost less any accumulated impairment losses until disposal or termination of the cash generating unit (\u2018CGU\u2019). Goodwill is allocated to the CGUs and is tested at least annually for impairment. An impairment loss recognised for goodwill is not reversed in a subsequent period. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-466": { "value": "(i) Research and development costs Expenditure on research activities undertaken with the prospect of gaining new scientific or technical knowledge and understanding is immediately recognised in the income statement as an expense. Development expenditure is capitalised only if the expenditure can be measured reliably, the product and process is technically and commercially viable, future economic benefits are probable and the Group intends and has sufficient resources to complete the development and to use or sell the asset. Costs are only capitalised once the initial research phase has been completed and the business case for development has been approved by management. The expenditure capitalised includes direct cost of material, direct labour and directly attributable overheads. Other development expenditure is recognised in the income statement as an expense as incurred. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-467": { "value": "
(j) Impairment
The carrying amounts of the Group\u2019s non-financial assets, other than inventories and deferred tax assets, are reviewed at
each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset\u2019s
recoverable amount is estimated. For goodwill and intangible assets that have indefinite lives or that are not yet available for
use, the recoverable amount is estimated at each reporting date.
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its recoverable amount. A CGU is
the smallest identifiable asset group that generates cash flows that are largely independent from other assets and groups.
Impairment losses are recognised in the income statement. Impairment losses recognised in respect of CGUs are allocated first
to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amount of the other assets
in the unit (group of units) on a pro-rata basis.
The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value
in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
market assessments of the time value of money and the risks specific to the asset.
Any impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior
periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment
loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss
is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been
determined, net of depreciation or amortisation, if no impairment loss had been recognised.
A financial asset, in particular the carrying value of trade receivables, is considered to be impaired if one or more events
have had a negative effect on the estimated future cash flows expected to arise from that asset. Any impairment losses are
recognised through the income statement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-545": { "value": "(j) Impairment The carrying amounts of the Group\u2019s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset\u2019s recoverable amount is estimated. For goodwill and intangible assets that have indefinite lives or that are not yet available for use, the recoverable amount is estimated at each reporting date. An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its recoverable amount. A CGU is the smallest identifiable asset group that generates cash flows that are largely independent from other assets and groups. Impairment losses are recognised in the income statement. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit (group of units) on a pro-rata basis. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Any impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. A financial asset, in particular the carrying value of trade receivables, is considered to be impaired if one or more events have had a negative effect on the estimated future cash flows expected to arise from that asset. Any impairment losses are recognised through the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-514": { "value": "(j) Impairment The carrying amounts of the Group\u2019s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset\u2019s recoverable amount is estimated. For goodwill and intangible assets that have indefinite lives or that are not yet available for use, the recoverable amount is estimated at each reporting date. An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its recoverable amount. A CGU is the smallest identifiable asset group that generates cash flows that are largely independent from other assets and groups. Impairment losses are recognised in the income statement. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit (group of units) on a pro-rata basis. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Any impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. A financial asset, in particular the carrying value of trade receivables, is considered to be impaired if one or more events have had a negative effect on the estimated future cash flows expected to arise from that asset. Any impairment losses are recognised through the income statement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-471": { "value": "
(k) Inventories
Inventories are stated at the lower of cost and net realisable value. Cost includes all expenses directly attributable to the
manufacturing process as well as suitable portions of related production overheads, based on normal operating capacity.
Costs of ordinarily interchangeable items are assigned using the first in, first out cost formula. Net realisable value is the
estimated selling price in the ordinary course of business less any directly attributable selling expenses. When calculating
inventory reserves, management considers the nature and condition of the inventory, as well as taking into consideration an
assessment of market developments, change in strategy or business model, regulatory and technology evolvement, and analysis
of historical and projected usage with regard to quantities held.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-470": { "value": "
(l) Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-473": { "value": "
(m) Share capital
Dividends are recognised in the period in which they are approved by the Company\u2019s shareholders, or, in the case of an interim
dividend, when the dividend is paid. Under the terms of the PSP, RSP and deferred bonus schemes, dividends accrue on shares
not yet vested; however, in the event that the shares lapse or are forfeited then the dividends will not be paid and the accrual
is reversed.
Own shares
Company shares held by the employee benefit trusts (\u2018EBT\u2019) are held at the consideration paid. It has been concluded that Dialight Plc
controls the EBT and consequently the EBT has been incorporated into the Group financial statements. Purchases of shares
made by the EBT are shown in the statement of changes in equity as own shares.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-515": { "value": "Dividends are recognised in the period in which they are approved by the Company\u2019s shareholders, or, in the case of an interim dividend, when the dividend is paid. Under the terms of the PSP, RSP and deferred bonus schemes, dividends accrue on shares not yet vested; however, in the event that the shares lapse or are forfeited then the dividends will not be paid and the accrual is reversed. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-516": { "value": "Own shares Company shares held by the employee benefit trusts (\u2018EBT\u2019) are held at the consideration paid. It has been concluded that Dialight Plc controls the EBT and consequently the EBT has been incorporated into the Group financial statements. Purchases of shares made by the EBT are shown in the statement of changes in equity as own shares. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-472": { "value": "
(n) Employee benefits
(i) Defined contribution pension plans
Obligations for contributions to defined contribution pension plans are recognised as an expense in the income statement when
they are due.
(ii) Defined benefit pension plans
The Group\u2019s net obligation in respect of defined benefit pension plans is calculated separately for each plan by estimating the
amount of future benefit that employees have earned for their service in prior periods, discounting that amount and deducting
the fair value of any plan assets.
The calculation is performed by an independent qualified actuary using the projected unit credit method. In accordance with
IFRIC 14 \u2013 IAS 19 \u201cThe Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction\u201d, the pension
surplus can be recognised as an asset on the balance sheet, limited to the present value of economic benefits available in the
form of any future refunds from the plan or reductions in future contributions to the plan. To calculate the present value of
economic benefits, consideration is given to any applicable minimum funding requirements.
Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets
(excluding interest) and the effect of the asset ceiling (if any, excluding interest) are recognised immediately in other
comprehensive income.
The Group determines the net interest expense/(income) on the net defined benefit liability/(asset) for the period by applying
the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then net defined
benefit liability/(asset), taking into account any changes in the net defined benefit liability/(asset) during the period as a result
of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognised
in the income statement.
When the benefits of a plan are changed, or when a plan is curtailed, the resulting change in benefit that relates to past service,
or the gain or loss on curtailment, is recognised immediately in the income statement. The Group recognises gains and losses
on the settlement of a defined benefit plan when the settlement occurs.
(iii) Share-based payments and deferred bonus transactions
The PSP and RSP allows Group employees to acquire shares of the Company. The fair value of the grants is measured using
the five-day weighted average prior to grant, taking into account the terms and conditions upon which the grants were
made. The amount recognised as an expense is only adjusted to reflect forfeitures resulting from failures to meet non-market
conditions. The share-based payments are equity-settled.
Key Group employees can be awarded shares in the Company under the Annual Performance Bonus Plan (\u2018APBP\u2019). The fair value
of the award granted is recognised as an employee expense with a corresponding increase in equity. The fair value is measured
at the grant date and spread over the performance period, during which the employees become unconditionally entitled to the
award. All of the share awards are based on three-year continued service conditions, except under the APBP where 50% vest
after two years.
Executive Directors are eligible for awards under the Value Creation Plan (\u2018VCP\u2019). Participants will be eligible for a share in a pool
of excess value created over three and four-year periods. The total pool will be calculated as 7.5% of value created through share
price growth plus dividends (\u2018TSR\u2019) in excess of 350p vs a four-week average share price ending 1 April of approximately 166p;
i.e. growth of approximately 110%. The award will have two independent three and four-year performance measurement periods.
Each period will determine 50% of the award. A three-month average opening and closing share price will be used to measure
value creation for the pool. Awards will be granted as a number of units in the pool. At the end of each performance period, units
will be converted into an award of shares/nil cost options with participants required to hold onto their vested shares after any sales
required to settle tax and withholdings on vesting for a period of five years from grant. The fair value is measured at the grant date
and spread over the performance period during which the participants become unconditionally entitled to the award.
(iv) Bonus plan
The Group recognises a liability in respect of the best estimate of bonus payable where contractually obliged to or where past
practice has created a constructive obligation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-517": { "value": "(iii) Share-based payments and deferred bonus transactions The PSP and RSP allows Group employees to acquire shares of the Company. The fair value of the grants is measured using the five-day weighted average prior to grant, taking into account the terms and conditions upon which the grants were made. The amount recognised as an expense is only adjusted to reflect forfeitures resulting from failures to meet non-market conditions. The share-based payments are equity-settled. Key Group employees can be awarded shares in the Company under the Annual Performance Bonus Plan (\u2018APBP\u2019). The fair value of the award granted is recognised as an employee expense with a corresponding increase in equity. The fair value is measured at the grant date and spread over the performance period, during which the employees become unconditionally entitled to the award. All of the share awards are based on three-year continued service conditions, except under the APBP where 50% vest after two years. Executive Directors are eligible for awards under the Value Creation Plan (\u2018VCP\u2019). Participants will be eligible for a share in a pool of excess value created over three and four-year periods. The total pool will be calculated as 7.5% of value created through share price growth plus dividends (\u2018TSR\u2019) in excess of 350p vs a four-week average share price ending 1 April of approximately 166p; i.e. growth of approximately 110%. The award will have two independent three and four-year performance measurement periods. Each period will determine 50% of the award. A three-month average opening and closing share price will be used to measure value creation for the pool. Awards will be granted as a number of units in the pool. At the end of each performance period, units will be converted into an award of shares/nil cost options with participants required to hold onto their vested shares after any sales required to settle tax and withholdings on vesting for a period of five years from grant. The fair value is measured at the grant date and spread over the performance period during which the participants become unconditionally entitled to the award. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-474": { "value": "
(o) Other provisions
A provision is recognised in the balance sheet when the Group has a present legal or constructive obligation as a result of a
past event and it is probable that an outflow of economic benefits will be required to settle the obligation. A warranty provision
is made for the expected costs of future warranty claims relating to past product sales. This provision is estimated based on
historical trends for returns, product-specific warranty terms, internal knowledge of product performance characteristics and
the expected costs of remedying warranty-returned products. All other provisions are based on management\u2019s best estimate
of a probable expected outcome.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-475": { "value": "
(p) Trade and other receivables
Trade and other receivables are recognised at fair value except for trade receivables that do not have a significant financing
component which are measured at transaction price and carried at amortised cost, less an allowance for expected lifetime
losses as permitted under the simplified approach in IFRS 9. Fully provided balances are not written off from the balance sheet
until the Group has decided to cease enforcement activity.
The Group has applied the simplified approach as permitted by IFRS 9. The expected credit loss (\u2018ECL\u2019) model considers the
Group\u2019s historical credit loss, factors specific to each receivable, the current economic environment and expected changes
in future forecasts (see note 24).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-476": { "value": "
(q) Trade and other payables
Trade and other payables are initially recorded at fair value and then subsequently stated at amortised cost.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-477": { "value": "
(r) Revenue recognition
The Group\u2019s revenue is derived from the single performance obligation to transfer lighting products under arrangements in
which the transfer of control of the products and the fulfilment of the Group\u2019s performance obligations occur at the same time.
Revenue from the sale of goods is recognised when the Group has transferred control of the goods to the buyer and the buyer
obtains the benefits from the goods based on Incoterms, the potential cash flows and the amount of revenue (the transaction
price) can be measured reliably, and it is probable the Group will collect the consideration to which it is entitled to in exchange
for the goods.
The majority of sales are on an ex works basis with revenue recognised on dispatch of finished goods. Warranty is not a separable
performance obligation so has no impact on revenue recognition.
The Group does not have any contracts where the period between the transfer of the promised goods or services to the
customer and payment by the customer exceeds one year. As a consequence, the Group does not adjust any of the transaction
prices for the time value of money.
Where rebates agreements are in place revenue is recognised based on the price specified in the contract net of the estimated
rebate discount. Accumulated experience is used to estimate and provide for the discounts and revenue is only recognised to
the extent that it is highly probable that a significant reversal will not occur. A contract liability is recognised for expected rebate
discounts payable to customers in relation to sales made until the end of the reporting period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-480": { "value": "
(s) Government grants
Government grants are not recognised until there is reasonable assurance that the Group will comply with the conditions
attaching to them and that the grants will be received. Government grants that are receivable as compensation for expenses or
losses already incurred or for the purpose of giving immediate financial support to the Group with no future related costs are
recognised in profit or loss in the period in which they become receivable.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-478": { "value": "
(t) Net financing costs
Net financing costs comprise interest receivable, interest payable on borrowings, arrangement fees on revised or new borrowing
facilities, interest payable on lease liabilities, interest on pension assets and liabilities, foreign exchange gains and losses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-546": { "value": "(t) Net financing costs Net financing costs comprise interest receivable, interest payable on borrowings, arrangement fees on revised or new borrowing facilities, interest payable on lease liabilities, interest on pension assets and liabilities, foreign exchange gains and losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-518": { "value": "(t) Net financing costs Net financing costs comprise interest receivable, interest payable on borrowings, arrangement fees on revised or new borrowing facilities, interest payable on lease liabilities, interest on pension assets and liabilities, foreign exchange gains and losses. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-479": { "value": "
(u) Income tax expense
Income tax expense comprises current and deferred tax. Income tax expense is recognised in the income statement except to the
extent that it relates to items recognised directly in equity. The tax currently payable is based on the taxable profit for the year.
Taxable profit differs from profit as reported in the income statement because it excludes items of income or expense that are
taxable or deductible in other years and it further excludes items that are not taxable or deductible. The tax rate and laws used
to compute the amount are those that are enacted, or substantially enacted, by the reporting date.
Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial statements
and the corresponding tax bases used in the computation of taxable profit and is accounted for using the balance sheet
liability method.
Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised
to the extent that it is probable that taxable profits will be available against which temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no
longer probable that sufficient taxable profits will be available to allow all or part of the assets to be recovered. Deferred tax
is calculated using tax rates that are enacted or substantively enacted at the balance sheet date. Deferred tax is charged or
credited to profit and loss, except when it relates to items charged or credited directly to equity, in which case the deferred
tax is also dealt with in equity. Deferred tax is determined using tax rates (and laws) that have been enacted, or substantially
enacted, by the balance sheet date and are expected to apply when the deferred tax assets is released or the deferred tax
liability is settled.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current
tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current
tax assets and liabilities on a net basis. Additional income taxes that arise from the distribution of dividends are recognised at the
same time as the liability to pay the related dividend is recognised.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-519": { "value": "(u) Income tax expense Income tax expense comprises current and deferred tax. Income tax expense is recognised in the income statement except to the extent that it relates to items recognised directly in equity. The tax currently payable is based on the taxable profit for the year. Taxable profit differs from profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are not taxable or deductible. The tax rate and laws used to compute the amount are those that are enacted, or substantially enacted, by the reporting date. Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the assets to be recovered. Deferred tax is calculated using tax rates that are enacted or substantively enacted at the balance sheet date. Deferred tax is charged or credited to profit and loss, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax is determined using tax rates (and laws) that have been enacted, or substantially enacted, by the balance sheet date and are expected to apply when the deferred tax assets is released or the deferred tax liability is settled. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. Additional income taxes that arise from the distribution of dividends are recognised at the same time as the liability to pay the related dividend is recognised. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-481": { "value": "
(v) Leases
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the
contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess
whether a contract conveys the right to control the use of an identified asset, the Group uses the definition of a lease in IFRS 16.
(i) As a lessee
At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration
in the contract to each lease component on the basis of its relative stand-alone prices. However, for the leases of property the
Group has elected not to separate non-lease components and accounts for the lease and non-lease components as a single
lease component.
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially
measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before
the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying
asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end
of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or
the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will
be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and
equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain
remeasurements of the lease.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date,
discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental
borrowing rate. The Group operates in multiple economic environments so the incremental borrowing rate (\u2018IBR\u2019) that applies
will vary from lease to lease.
Discount rates applied for different jurisdictions
IFRS 16 allows the use of two possible discount rates, namely the interest rate implicit in the lease from the perspective of the
lessor (implicit rate) or the Group\u2019s IBR.
The IBR is the rate of interest that Dialight pays to borrow (a) over a similar term; (b) with a similar security; (c) the funds necessary
to obtain an asset of a similar value to the right-of-use asset; and (d) in a similar economic environment. The rate reflects the
amount that the Group could borrow over the term of the lease.
The Group operates in multiple jurisdictions and the economic environment in those jurisdictions would also influence the IBR.
This is expected to lead to a different IBR for every lease in a different territory. Key information that the Group considered while
determining the IBR relates to the region where the lease is domiciled, the functional currency and the currency of the lease,
the asset being leased and the remaining years left on the lease.
The Group has property leases in the US, Mexico, UK, Australia and Malaysia. The Mexican and Malaysian leases are for
industrial premises with the remaining leases being for office buildings.
The IBR is determined based on the interest rates available to the Group entities in which the underlying leases are held, based
on the credit rating of each of these entities. Certain adjustments are made to these interest rates to reflect the terms of the
individual leases and the types of assets leased. The IBRs calculated for use by the Group vary between 2.5% and 8.0%.
Lease payments included in the measurement of the lease liability comprise the following:
Fixed payments, including in-substance fixed payments; variable lease payments that depend on an index or a rate, initially
measured using the index or rate as at the commencement date; amounts expected to be payable under a residual value
guarantee; and the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in
an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination
of a lease unless the Group is reasonably certain not to terminate early.
The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change
in future lease payments arising from a change in an index or rate, if there is a change in the Group\u2019s estimate of the amount
expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a
purchase, extension or termination option or if there is a revised in-substance fixed lease payment. When the lease liability
is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded
in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
The Group presents right-of-use assets that do not meet the definition of investment property in right-of-use assets and lease
liabilities separately in the statement of financial position.
The Group has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and short-term
leases, including IT equipment. The Group recognises the lease payments associated with these leases as an expense on
a straight-line basis over the lease term.
(ii) As a lessor
When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses
the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with reference
to the underlying asset. The Group classifies the sub-lease as an operating lease as the lease does not transfer substantially
all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease.
The Group recognises lease payments received under operating leases as income on a straight-line basis over the lease term.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-520": { "value": "(w) Measurement of fair values A number of the Group\u2019s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities. The Group has an established control framework, appropriate for the size and complexity of the Group, with respect to the measurement of fair values. When measuring the fair value of an asset or liability, the Group uses market observable data as far as possible. Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows: Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the inputs used to measure the fair value of an asset or a liability might be categorised in different levels of the fair value hierarchy, then the fair value measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-482": { "value": "
(x) Contingent liabilities
A contingent liability arises from past events and includes possible obligations (50% certain or less) whose existence will be
confirmed only by the occurrence of uncertain future events not wholly within the entity\u2019s control and present obligations, which
are not recognised because it is not probable that a transfer of economic benefits will be required to settle the obligation or the
obligations cannot be measured reliably. It includes guarantees to third parties and certain lawsuits.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-483": { "value": "
5. OPERATING SEGMENTS
The Group has two reportable operating segments.
These segments have been identified based on the internal information that is supplied regularly to the Group\u2019s chief operating
decision maker for the purposes of assessing performance and allocating resources. The chief operating decision maker is
considered to be the Group Chief Executive Officer.
The two reportable operating segments are:
\u2022 Lighting, which develops, manufactures and supplies highly efficient LED lighting solutions for hazardous and industrial
applications in which lighting performance is critical and includes anti-collision obstruction lighting; and
\u2022 Signals & Components, which develops, manufactures and supplies status indication components for electronics OEMs,
together with niche industrial and automotive electronic components and highly efficient LED signalling solutions for the
traffic and signals markets.
There is no inter-segment revenue and there are no individual customers that represent more than 10% of revenue.
All revenue relates to the sale of goods. Segment gross profit is revenue less the costs of materials, labour, production and
freight that are directly attributable to a segment. Central and unallocated overheads comprise operations management plus
corporate costs, which include share-based payments.
Segmental assets and liabilities are not reported internally and are, therefore, not presented below.
Reportable segments
Signals & Central &
Lighting Components Unallocated Total
for the 12-month period ended 31 March 2025 $m $m $m $m
Revenue
138.0
45.5
\u2013
183.5
Underlying gross profit
54.1
11.2
\u2013
65.3
Underlying overheads
(41.2)
(7.9)
(12.0)
(61.1)
Underlying profit/(loss) from operating activities
12.9
3.3
(12.0)
4.2
Non-underlying items (note 6)
(18.6)
0.9
(3.9)
(21.6)
Gain on disposal of business
\u2013
5.8
\u2013
5.8
(Loss)/profit from operating activities
(5.7)
10.0
(15.9)
(11.6)
Financial expense
\u2013
\u2013
(2.5)
(2.5)
(Loss)/profit before tax
(5.7)
10.0
(18.4)
(14.1)
Taxation
\u2013
\u2013
0.5
0.5
(Loss)/profit after tax
(5.7)
10.0
(17.9)
(13.6)
Signals & Central &
Lighting Components Unallocated Total
for the 15-month period ended 31 March 2024 $m $m $m $m
Revenue
171.1
54.9
\u2013
226.0
Underlying gross profit
57.6
12.5
\u2013
70.1
Underlying overheads
(50.8)
(12.3)
(11.6)
(74.7)
Underlying profit/(loss) from operating activities
6.8
0.2
(11.6)
(4.6)
Non-underlying items (note 6)
(20.6)
(3.6)
(1.4)
(25.6)
Gain on disposal of business
\u2013
\u2013
\u2013
\u2013
(Loss)/profit from operating activities
(13.8)
(3.4)
(13.0)
(30.2)
Financial expense
\u2013
\u2013
(4.1)
(4.1)
(Loss)/profit before tax
(13.8)
(3.4)
(17.1)
(34.3)
Taxation
\u2013
\u2013
1.8
1.8
(Loss)/profit after tax
(13.8)
(3.4)
(15.3)
(32.5)
12-month period ended 31 March 2025
15-month period ended 31 March 2024
Signals & Central & Signals & Central &
Lighting Components Unallocated Total Lighting Components Unallocated Total
Other segmental data $m $m $m $m $m $m $m $m
Cost of inventories recognised as expense
47.9
19.3
\u2013
67.2
65.8
25.0
\u2013
90.8
Total personnel expenses
35.6
10.8
3.3
49.7
46.6
13.9
4.0
64.5
Depreciation of property, plant and equipment
2.4
0.8
\u2013
3.2
3.3
1.0
\u2013
4.3
Depreciation of right-of-use assets
1.9
0.6
\u2013
2.5
2.3
0.7
\u2013
3.0
Amortisation of intangible assets
2.6
\u2013
\u2013
2.6
7.7
\u2013
\u2013
7.7
Impairment of property, plant and equipment
\u2013
\u2013
\u2013
\u2013
1.1
\u2013
\u2013
1.1
Impairment of goodwill
\u2013
\u2013
\u2013
\u2013
11.2
\u2013
\u2013
11.2
Impairment of other intangible assets
0.1
0.1
\u2013
0.2
4.1
0.5
\u2013
4.6
Geographical segments
Lighting and Signals & Components segments are managed on a worldwide basis, but operate in three principal geographic
areas: North America, EMEA and Rest of the World. The following table provides an analysis of the Group\u2019s sales by geographical
market, irrespective of the origin of the goods. All revenue relates to the sale of goods.
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Sales revenue by geographical market $m $m
North America
155.3
183.7
EMEA
10.7
18.3
Rest of the World
17.5
24.0
Revenue
183.5
226.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-521": { "value": "5. OPERATING SEGMENTS The Group has two reportable operating segments. These segments have been identified based on the internal information that is supplied regularly to the Group\u2019s chief operating decision maker for the purposes of assessing performance and allocating resources. The chief operating decision maker is considered to be the Group Chief Executive Officer. The two reportable operating segments are: \u2022 Lighting, which develops, manufactures and supplies highly efficient LED lighting solutions for hazardous and industrial applications in which lighting performance is critical and includes anti-collision obstruction lighting; and \u2022 Signals & Components, which develops, manufactures and supplies status indication components for electronics OEMs, together with niche industrial and automotive electronic components and highly efficient LED signalling solutions for the traffic and signals markets. There is no inter-segment revenue and there are no individual customers that represent more than 10% of revenue. All revenue relates to the sale of goods. Segment gross profit is revenue less the costs of materials, labour, production and freight that are directly attributable to a segment. Central and unallocated overheads comprise operations management plus corporate costs, which include share-based payments. Segmental assets and liabilities are not reported internally and are, therefore, not presented below. Reportable segments
Signals & Central &
Lighting Components Unallocated Total
for the 12-month period ended 31 March 2025 $m $m $m $m
Revenue
138.0
45.5
\u2013
183.5
Underlying gross profit
54.1
11.2
\u2013
65.3
Underlying overheads
(41.2)
(7.9)
(12.0)
(61.1)
Underlying profit/(loss) from operating activities
12.9
3.3
(12.0)
4.2
Non-underlying items (note 6)
(18.6)
0.9
(3.9)
(21.6)
Gain on disposal of business
\u2013
5.8
\u2013
5.8
(Loss)/profit from operating activities
(5.7)
10.0
(15.9)
(11.6)
Financial expense
\u2013
\u2013
(2.5)
(2.5)
(Loss)/profit before tax
(5.7)
10.0
(18.4)
(14.1)
Taxation
\u2013
\u2013
0.5
0.5
(Loss)/profit after tax
(5.7)
10.0
(17.9)
(13.6)
Signals & Central &
Lighting Components Unallocated Total
for the 15-month period ended 31 March 2024 $m $m $m $m
Revenue
171.1
54.9
\u2013
226.0
Underlying gross profit
57.6
12.5
\u2013
70.1
Underlying overheads
(50.8)
(12.3)
(11.6)
(74.7)
Underlying profit/(loss) from operating activities
6.8
0.2
(11.6)
(4.6)
Non-underlying items (note 6)
(20.6)
(3.6)
(1.4)
(25.6)
Gain on disposal of business
\u2013
\u2013
\u2013
\u2013
(Loss)/profit from operating activities
(13.8)
(3.4)
(13.0)
(30.2)
Financial expense
\u2013
\u2013
(4.1)
(4.1)
(Loss)/profit before tax
(13.8)
(3.4)
(17.1)
(34.3)
Taxation
\u2013
\u2013
1.8
1.8
(Loss)/profit after tax
(13.8)
(3.4)
(15.3)
(32.5)
12-month period ended 31 March 2025
15-month period ended 31 March 2024
Signals & Central & Signals & Central &
Lighting Components Unallocated Total Lighting Components Unallocated Total
Other segmental data $m $m $m $m $m $m $m $m
Cost of inventories recognised as expense
47.9
19.3
\u2013
67.2
65.8
25.0
\u2013
90.8
Total personnel expenses
35.6
10.8
3.3
49.7
46.6
13.9
4.0
64.5
Depreciation of property, plant and equipment
2.4
0.8
\u2013
3.2
3.3
1.0
\u2013
4.3
Depreciation of right-of-use assets
1.9
0.6
\u2013
2.5
2.3
0.7
\u2013
3.0
Amortisation of intangible assets
2.6
\u2013
\u2013
2.6
7.7
\u2013
\u2013
7.7
Impairment of property, plant and equipment
\u2013
\u2013
\u2013
\u2013
1.1
\u2013
\u2013
1.1
Impairment of goodwill
\u2013
\u2013
\u2013
\u2013
11.2
\u2013
\u2013
11.2
Impairment of other intangible assets
0.1
0.1
\u2013
0.2
4.1
0.5
\u2013
4.6
Geographical segments Lighting and Signals & Components segments are managed on a worldwide basis, but operate in three principal geographic areas: North America, EMEA and Rest of the World. The following table provides an analysis of the Group\u2019s sales by geographical market, irrespective of the origin of the goods. All revenue relates to the sale of goods.
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Sales revenue by geographical market $m $m
North America
155.3
183.7
EMEA
10.7
18.3
Rest of the World
17.5
24.0
Revenue
183.5
226.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-547": { "value": "Geographical segments Lighting and Signals & Components segments are managed on a worldwide basis, but operate in three principal geographic areas: North America, EMEA and Rest of the World. The following table provides an analysis of the Group\u2019s sales by geographical market, irrespective of the origin of the goods. All revenue relates to the sale of goods.
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Sales revenue by geographical market $m $m
North America
155.3
183.7
EMEA
10.7
18.3
Rest of the World
17.5
24.0
Revenue
183.5
226.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-484": { "value": "
6. NON-UNDERLYING ITEMS
The Group incurs cost and earns income that is non-recurring in nature or that, in the Director\u2019s judgement, need to be
separately disclosed for users of the consolidated financial statements to obtain a full understanding of the financial information
and the best indication of the underlying performance of the Group.
The table below presents the components of non-underlying items recognised in the income statement. All costs are
recognised within administrative expenses unless otherwise stated.
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Transformation Plan
4.1
4.5
Impairment of goodwill (note 14)
\u2013
11.2
Impairment of other intangible assets (excluding business disposal impairment)
\u2013
4.1
Litigation costs
17.8
2.3
Other non-underlying costs
0.6
\u2013
Business disposal (income)/costs
(0.9)
3.5
Non-underlying items
21.6
25.6
The Group has incurred $4.1m (15-months ended 31 March 2024: $4.5m) of non-underlying costs relating to the Transformation
Plan. This is a significant multi-year change programme for the Group, which is designed to address legacy issues associated
with excess cost and complexity within the organisation, while at the same time focusing more resources on the most attractive
growth opportunities within its core industrial LED lighting market. Implementation of the Transformation Plan is expected to
be complete by 31 March 2026. The multi-year Transformation Plan is a material, infrequent programme and is not considered
to be part of the underlying performance of the business. The costs incurred in the 12-month period to 31 March 2025 relate
to resetting and realigning the Group\u2019s cost base including severance costs, and legal and professional fees. In the prior period,
an impairment charge of $1.1m for property, plant, and equipment (note 12) and dilapidation costs of $0.4m (note 22) were
recognised in relation to the vacation of the Malaysian facility that occurred during the year.
Please refer to note 14 for details of the impairment of goodwill and other intangible assets in the prior year, there were no
impairments recognised through non-underlying in the 12-month period ended 31 March 2025.
During the 12-month period ended 31 March 2025 costs of $17.8m have been expensed (2024: $1.9m) relating to the legal
settlement with Sanmina. On 31 March 2025 the Group settled its long-standing litigation with Sanmina for $12.0m to be paid by
instalments. This required payment of $4.0m on 31 March 2025 and eight quarterly payments of $1.0m per quarter with the final
payment due on 27 March 2027. The discounted expense of these future payments is $11.3m, with additional legal expenses of
$5.6m in the period and other irrecoverable amounts expensed of $0.9m. Please refer to note 26 for further details of this claim.
In the prior period, other litigation costs of $0.4m relate to a contractual litigation case relating to the use of intellectual property
which was concluded in 2023.
Other non-underlying costs of $0.6m are one-off costs relating to previous financial periods, as such have been recognised
through non-underlying to enable full comparability of the Group\u2019s financial performance with previous periods.
Business disposal (income)/costs relate to the disposal of the Traffic business in July 2024. The (income)/costs relate to a $0.1m
impairment of development costs (2024: $0.5m) for projects that will no longer be pursued, net income of $2.0m being a release
of inventory excess and obsolescence provision, which has been recognised within costs of goods sold (2024: expense of $3.0m),
$0.1m of staff retention costs (2024: nil) and an onerous contract provision of $0.9m in relation to the Leotek contract (2024: nil).
", "dimensions": { "concept": "dialightplc:DisclosureOfNonUnderlyingItems", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-485": { "value": "
7. PERSONNEL EXPENSES
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Wages and salaries
42.9
54.9
Social security costs
5.5
6.9
Equity-settled share-based payment transactions
0.3
1.5
Contributions to defined contribution plans
1.0
1.1
Total charge for defined benefit plans
\u2013
0.1
Total personnel expenses
49.7
64.5
The average number of employees by geographical location was:
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Number Number
US and Mexico
1,254
1,335
Rest of the World
171
226
Total average number of employees
1,425
1,561
The Group employed an average of 875 direct staff (2024: 948) and 550 indirect staff (2024: 613).
The main Board Directors are considered to be the Group\u2019s key management personnel. Key management personnel
compensation comprised the following:
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Short-term employee benefits
1.4
2.3
Termination benefits
0.2
\u2013
Share-based payments
0.3
1.5
1.9
3.8
The aggregate of remuneration and amounts receivable under long-term incentive schemes of the highest-paid Director was
$0.5m (15-months to 31 March 2024: $1.0m), and pension contributions of $0.0m (15-months to 31 March 2024: $0.0m) were made
to a money purchase scheme on their behalf. During the period, the highest-paid Director was awarded 335 units under the VCP
(15-months to 31 March 2024: 151,547 shares under a long-term incentive scheme).
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Number of Directors accruing benefits under money purchase schemes
3
4
Number of Directors who exercised share options
\u2013
1
Number of Directors whose qualifying services shares were received or receivable under long-term
2
2
incentive schemes
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-548": { "value": "The main Board Directors are considered to be the Group\u2019s key management personnel. Key management personnel compensation comprised the following:
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Short-term employee benefits
1.4
2.3
Termination benefits
0.2
\u2013
Share-based payments
0.3
1.5
1.9
3.8
Transactions with key management personnel Only Directors are considered to be key management personnel and transactions with them are disclosed in note 7. Directors of the Company and their immediate relatives control less than 1% of the Company. ", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-486": { "value": "
8. FINANCIAL EXPENSES
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Net interest income on defined benefit pension asset
(0.3)
(0.3)
Interest expense on financial liabilities, excluding lease liabilities
2.2
3.3
Facility arrangement fee expense
\u2013
0.4
Interest expense on lease liabilities
0.6
0.7
Net financing expense recognised in the consolidated income statement
2.5
4.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-564": { "value": "8. FINANCIAL EXPENSES
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Net interest income on defined benefit pension asset
(0.3)
(0.3)
Interest expense on financial liabilities, excluding lease liabilities
2.2
3.3
Facility arrangement fee expense
\u2013
0.4
Interest expense on lease liabilities
0.6
0.7
Net financing expense recognised in the consolidated income statement
2.5
4.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-549": { "value": "8. FINANCIAL EXPENSES
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Net interest income on defined benefit pension asset
(0.3)
(0.3)
Interest expense on financial liabilities, excluding lease liabilities
2.2
3.3
Facility arrangement fee expense
\u2013
0.4
Interest expense on lease liabilities
0.6
0.7
Net financing expense recognised in the consolidated income statement
2.5
4.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-522": { "value": "8. FINANCIAL EXPENSES
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Net interest income on defined benefit pension asset
(0.3)
(0.3)
Interest expense on financial liabilities, excluding lease liabilities
2.2
3.3
Facility arrangement fee expense
\u2013
0.4
Interest expense on lease liabilities
0.6
0.7
Net financing expense recognised in the consolidated income statement
2.5
4.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-487": { "value": "
9. TAXATION
Recognised in the income statement
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Current tax expense
Current period
1.2
1.2
Adjustment for prior years
\u2013
(0.1)
Total current tax expense
1.2
1.1
Deferred tax expense
Origination and reversal of temporary differences
(1.1)
(4.0)
Adjustment for prior years
(0.3)
0.7
Impact of change in tax laws and rates
(0.3)
0.4
Total deferred tax credit
(1.7)
(2.9)
Total tax credit
(0.5)
(1.8)
Reconciliation of effective tax rate
12-month 12-month 15-month 15-month
period ended period ended period ended period ended
31 March 31 March 31 March 31 March
2025 2025 2024 2024
% $m % $m
Loss for the period after tax
(13.6)
(32.5)
Total tax credit
0.5
1.8
Loss for the period before tax
(14.1)
(34.3)
Income tax using the corporation rate of 25.0% (2024: 23.8%)
25.0
(3.5)
23.8
(8.2)
Effect of higher taxes on overseas earnings
(7.8)
1.1
(1.5)
0.5
Change in tax laws and rates
2.1
(0.3)
(1.2)
0.4
Expenses not deductible for tax purposes
\u2013
\u2013
(8.5)
2.9
Current year losses for which no deferred tax is recognised
(17.7)
2.5
(2.9)
1.0
Adjustment for prior years
2.1
(0.3)
(1.5)
0.5
Other
(0.7)
0.1
\u2013
\u2013
Research and development credits
0.7
(0.1)
0.3
(0.1)
Foreign taxes incurred
\u2013
\u2013
(3.5)
1.2
3.5
(0.5)
5.2
(1.8)
The effective tax rate for the period is 3.5% compared with 5.2% in the prior year and the standard rate of 25.0% (2024: 23.8%)
in the UK. During the period, the Group made a loss before tax of $14.1m (2024: loss of $34.3m), which resulted in a tax credit
in the period of $0.5m (2024: tax credit of $1.8m).
The normalised tax rate for the Group in the period is 25.0% (tax rate before adjustments) and based on a pre-tax loss of $14.1m
this would generate a tax credit of $3.5m. The Group\u2019s overall tax rate was 3.5% which is significantly lower than the normalised
tax rate as a result of the following major adjustments:
\u2022 unrecognised losses in the European Lighting business resulting in $2.5m of tax losses not being recognised in the period; and
\u2022 Mexican taxes of $1.1m.
Tax credit recognised directly in equity
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Employee benefits
(1.0)
(0.1)
Current tax
Current tax is calculated with reference to the profit or loss of the Company and its subsidiaries in their respective countries of
operation. Set out below are details in respect of the significant jurisdictions where the Group operates and the factors that
influenced the current and deferred taxation in those jurisdictions.
UK
The UK companies are subject to a corporate tax rate of 25.0% (2024: 23.8%).
Group
The majority of the Group\u2019s profits arise in the US where the corporation tax rate is 23%, including 21% federal tax and 2% state
tax (2024: 24%, including 21% federal tax and 3% state tax).
15. DEFERRED TAX
(i) Recognised deferred tax assets and liabilities
Deferred tax assets and liabilities are attributable to the following:
Assets
Liabilities
Net
31 March 31 March 31 March 31 March 31 March 31 March
2025 2024 2025 2024 2025 2024
$m $m $m $m $m $m
Property, plant and equipment
\u2013
\u2013
(0.6)
(0.5)
(0.6)
(0.5)
Intangible assets
0.4
0.7
\u2013
\u2013
0.4
0.7
Employee benefits
0.2
\u2013
\u2013
(1.0)
0.2
(1.0)
Provisions
5.0
3.4
\u2013
\u2013
5.0
3.4
Right-of-use assets
\u2013
\u2013
(2.0)
(2.0)
(2.0)
(2.0)
Lease liabilities
2.3
2.4
\u2013
\u2013
2.3
2.4
Restricted interest
1.1
0.8
\u2013
\u2013
1.1
0.8
Losses and other items
2.1
2.0
\u2013
\u2013
2.1
2.0
Tax assets/(liabilities)
11.1
9.3
(2.6)
(3.5)
8.5
5.8
(ii) Movement in temporary differences during the year
Property,
plant and Intangible Employee Right-of-use Lease Restricted Losses and
equipment assets benefits Provisions asset liabilities interest other items Total
$m $m $m $m $m $m $m $m $m
At 1 January 2023
(1.1)
(0.2)
(1.1)
3.1
(2.9)
3.3
0.4
1.3
2.8
Recognised in income
0.6
0.9
\u2013
0.3
0.9
(0.9)
0.4
0.7
2.9
Recognised in equity
\u2013
\u2013
0.1
\u2013
\u2013
\u2013
\u2013
\u2013
0.1
Foreign exchange
movements
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
At 31 March 2024
(0.5)
0.7
(1.0)
3.4
(2.0)
2.4
0.8
2.0
5.8
Recognised in income
(0.1)
(0.3)
0.2
1.6
\u2013
(0.1)
0.3
0.1
1.7
Recognised in equity
\u2013
\u2013
1.0
\u2013
\u2013
\u2013
\u2013
\u2013
1.0
Foreign exchange
movements
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March
(0.6)
0.4
0.2
5.0
(2.0)
2.3
1.1
2.1
8.5
2025
The Group has recognised a net deferred tax asset of $8.5m (2024: $5.8m). Of this balance, $6.4m (2024: $4.8m) arises in the US
with $4.4m (2024: $3.2m) relating to short-term timing differences that typically unwind on a yearly basis, $0.4m (2024: $0.7m)
arising on intangible assets, $0.3m (2024: nil) arising on other items, $1.9m (2024: $1.5m) arising on losses and restricted interest
deductions which have no expiry dates. This is offset by a US deferred tax liability of $0.7m (2024: $0.7m) arising on property,
plant and equipment.
The Group considers it highly probably that sufficient future taxable profits will arise in the US based on both the earning
history and the future forecasted profits. In addition, the Group is satisfied that the losses will unwind in the same period as the
forecasted taxable profits.
The remaining $2.1m of the recognised net deferred tax asset arises in respect of deferred tax assets on right-of-use assets and
lease liabilities ($0.4m), provisions ($1.0m), losses ($1.0m), offset by deferred tax liabilities arising on employee benefits ($0.2m)
and individually immaterial net DTAs recognised by the Group\u2019s subsidiary entities in various geographical locations.
Provisions
This deferred tax item amounting to $5.0m (2024: $3.4m) primarily arises respect of amounts recorded in the US and comprises
of a provision recorded in respect of the Sanmina dispute of $1.7m (2024: $0.8m), inventory reserves of $1.5m (2024: $1.1m), trade
receivable allowance of $0.9m (2024: $0.4m), warranty reserves of $0.6m (2024: $0.4m) and UNICAP adjustments held in the US
of $0.4m (2024: $0.3m).
Losses and other items
Of the $2.1m (2024: $2.0m) deferred tax asset relating to losses and other items, $0.3m (2024: $1.0m) arises in the UK and has
been recognised to offset a deferred tax liability arising on employee benefits in that territory. No losses over and above the
offset of the deferred tax liability have been recognised in the UK as the Group do not consider that sufficient taxable profits will
arise against which further losses can be recognised. The remaining deferred tax asset of $1.8m (2024: $1.0m) arises in respect of
carried forward unused tax losses in the US of $1.0m (2024: $0.8m); Singapore $0.2m (2024: $0.2m) which have no expiry dates;
and Malaysia of $0.5m (2024: nil) which expire 10 years after origination.
(iii) Unrecognised deferred tax assets
Deferred tax assets have not been recognised in respect of the following items, because it is not probable that future taxable
profit will be available against which the Group can use the benefits.
31 March 2025 31 March 2024
$m $m
Gross Tax Gross Tax
amount effect amount effect
Deductible temporary differences
0.8
0.2
\u2013
\u2013
Tax losses
61.1
15.4
51.1
12.9
61.9
15.6
51.1
12.9
(iv) Tax losses carried forward
Tax losses for which no deferred tax assets were recognised expire as follows:
31 March 31 March
2025 Expiry 2024 Expiry
$m date $m date
Expire
\u2013
\u2013
\u2013
\u2013
Never expire
61.1
\u2013
51.1
\u2013
In accordance with IAS 12, management have determined that the recoverability of deferred tax assets is not supportable in
excess of deferred tax liabilities based on current three-year forecasts.
At 31 March 2025, the Group has unrecognised deferred tax assets of $15.4m (2024: $12.9m), which are not expected to be
realised in the near future.
The Group has gross tax losses of $61.1m (2024: $51.1m) arising in Dialight Europe $35.1m (2024: $33.5m), Dialight plc $24.0m
(2024: $15.9m) and Dialight GmbH $2.0m (2024: $1.7m), which are available to offset against the future profits of the businesses
and are not subject to expiration.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-488": { "value": "
10. LOSS FOR THE PERIOD
Loss for the period has been arrived at after charging:
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Research and development costs:
Expensed as incurred
3.4
4.2
Amortisation of development costs (note 14)
1.5
6.0
Total research and development costs
4.9
10.2
Depreciation of property, plant and equipment (note 12)
3.2
4.3
Depreciation of right-of-use assets (note 13)
2.5
3.0
Amortisation of other intangible assets (note 14)
1.1
1.7
Impairment of property, plant, and equipment (note 12)
\u2013
1.1
Impairment of goodwill (note 14)
\u2013
11.2
Impairment of other intangible assets (note 14)
0.2
4.6
Gain on lease modification
\u2013
(0.2)
Credit loss recognised in the period (note 24)
2.1
\u2013
Cost of inventories recognised as expense (note 17)
67.2
90.8
Employee benefit expense (note 7)
49.7
64.5
Auditor\u2019s remuneration
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Audit of these financial statements
1.1
1.3
Audit of financial statements of subsidiaries pursuant to legislation
0.1
0.1
Fees payable to the Group\u2019s auditor for non-audit services:
Assurance related services
\u2013
0.1
1.2
1.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-523": { "value": "10. LOSS FOR THE PERIOD Loss for the period has been arrived at after charging:
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Research and development costs:
Expensed as incurred
3.4
4.2
Amortisation of development costs (note 14)
1.5
6.0
Total research and development costs
4.9
10.2
Depreciation of property, plant and equipment (note 12)
3.2
4.3
Depreciation of right-of-use assets (note 13)
2.5
3.0
Amortisation of other intangible assets (note 14)
1.1
1.7
Impairment of property, plant, and equipment (note 12)
\u2013
1.1
Impairment of goodwill (note 14)
\u2013
11.2
Impairment of other intangible assets (note 14)
0.2
4.6
Gain on lease modification
\u2013
(0.2)
Credit loss recognised in the period (note 24)
2.1
\u2013
Cost of inventories recognised as expense (note 17)
67.2
90.8
Employee benefit expense (note 7)
49.7
64.5
Auditor\u2019s remuneration
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Audit of these financial statements
1.1
1.3
Audit of financial statements of subsidiaries pursuant to legislation
0.1
0.1
Fees payable to the Group\u2019s auditor for non-audit services:
Assurance related services
\u2013
0.1
1.2
1.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-550": { "value": "
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Research and development costs:
Expensed as incurred
3.4
4.2
Amortisation of development costs (note 14)
1.5
6.0
Total research and development costs
4.9
10.2
Depreciation of property, plant and equipment (note 12)
3.2
4.3
Depreciation of right-of-use assets (note 13)
2.5
3.0
Amortisation of other intangible assets (note 14)
1.1
1.7
Impairment of property, plant, and equipment (note 12)
\u2013
1.1
Impairment of goodwill (note 14)
\u2013
11.2
Impairment of other intangible assets (note 14)
0.2
4.6
Gain on lease modification
\u2013
(0.2)
Credit loss recognised in the period (note 24)
2.1
\u2013
Cost of inventories recognised as expense (note 17)
67.2
90.8
Employee benefit expense (note 7)
49.7
64.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-551": { "value": "Auditor\u2019s remuneration
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Audit of these financial statements
1.1
1.3
Audit of financial statements of subsidiaries pursuant to legislation
0.1
0.1
Fees payable to the Group\u2019s auditor for non-audit services:
Assurance related services
\u2013
0.1
1.2
1.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-489": { "value": "
11. EARNINGS PER SHARE
Basic earnings per share
The calculation of basic earnings per share (\u2018EPS\u2019) at 31 March 2025 was based on a loss for the year of $13.6m (2024: loss of
$32.5m) and the weighted average number of ordinary shares outstanding during the year of 39,586,489 (2024: 35,603,515).
Weighted average number of ordinary shares
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
000s 000s
Weighted average number of ordinary shares
39,586
35,604
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Basic (loss)/earnings per share
(34.4) cents
(91.1) cents
Diluted earnings per share
The calculation of diluted earnings per share at 31 March 2025 was based on a loss for the year of $13.6m (2024: loss of $32.5m)
and the weighted average number of ordinary shares outstanding during the year of 39,586,489 (2024: 35,603,515).
Where a loss has been recognised the same number of shares are used in both the basic and diluted loss per share calculation
as there is no dilutive effect when the Group is in a loss-making position. The number of shares that would be used in the diluted
EPS calculation is 40,646,358 (2024: 36,457,712).
Weighted average number of ordinary shares
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
000s 000s
Weighted average number of ordinary shares
39,586
35,604
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
Diluted (loss)/earnings per share
(34.4) cents
(91.1) cents
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-490": { "value": "
12. PROPERTY, PLANT AND EQUIPMENT
Plant,
Land and equipment
buildings and vehicles Total
$m $m $m
Cost
At 1 January 2023
4.0
67.7
71.7
Additions
\u2013
1.4
1.4
Disposals
\u2013
\u2013
\u2013
Transfers
1.0
(1.0)
\u2013
Foreign exchange movements
0.4
\u2013
0.4
At 31 March 2024
5.4
68.1
73.5
Additions
\u2013
4.3
4.3
Disposals
(0.1)
(8.4)
(8.5)
Foreign exchange movements
\u2013
0.5
0.5
Balance at 31 March 2025
5.3
64.5
69.8
Accumulated depreciation and impairment losses
At 1 January 2023
(4.0)
(50.9)
(54.9)
Charge for period
(0.2)
(4.1)
(4.3)
Impairment charge
\u2013
(1.1)
(1.1)
Foreign exchange movements
\u2013
(0.5)
(0.5)
At 31 March 2024
(4.2)
(56.6)
(60.8)
Charge for period
(0.2)
(3.0)
(3.2)
Disposals
0.1
8.1
8.2
Foreign exchange movements
\u2013
(0.5)
(0.5)
Balance at 31 March 2025
(4.3)
(52.0)
(56.3)
Carrying amount at 31 March 2025
1.0
12.5
13.5
Carrying amount at 31 March 2024
1.2
11.5
12.7
Carrying amount at 1 January 2023
\u2013
16.8
16.8
During the prior period, a review of property, plant, and equipment was performed where it was identified that certain
assets relating to the Malaysian facility are no longer in use following the planned vacation of the existing Malaysian site.
As a result, an impairment loss was recognised in the prior period within non-underlying items (note 6) given it related to the
Transformation Plan.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-491": { "value": "
13. LEASES
Right-of-use assets
Non-property
Buildings leases Total
$m $m $m
Cost
At 1 January 2023
20.0
0.6
20.6
Additions including modifications
0.6
\u2013
0.6
Disposals including modifications
(2.1)
(0.6)
(2.7)
Foreign exchange movements
(0.8)
\u2013
(0.8)
At 31 March 2024
17.7
\u2013
17.7
Additions including modifications
2.6
\u2013
2.6
Disposals including modifications
(1.8)
\u2013
(1.8)
Foreign exchange movements
0.2
\u2013
0.2
Balance at 31 March 2025
18.7
\u2013
18.7
Accumulated depreciation and impairment losses
At 1 January 2023
(7.3)
(0.6)
(7.9)
Charge for the period
(3.0)
\u2013
(3.0)
Disposals
1.2
0.6
1.8
Foreign exchange movements
0.2
\u2013
0.2
At 31 March 2024
(8.9)
\u2013
(8.9)
Charge for year
(2.5)
\u2013
(2.5)
Disposals
1.8
\u2013
1.8
Foreign exchange movements
(0.1)
\u2013
(0.1)
Balance at 31 March 2025
(9.7)
\u2013
(9.7)
Carrying amount at 31 March 2025
9.0
\u2013
9.0
Carrying amount at 31 March 2024
8.8
\u2013
8.8
Carrying amount at 1 January 2023
12.7
\u2013
12.7
Lease liabilities
Non-property
Buildings leases Total
$m $m $m
At 1 January 2023
(13.7)
\u2013
(13.7)
Interest expense
(0.7)
\u2013
(0.7)
Repayment of lease liabilities
3.6
\u2013
3.6
Additions
(0.6)
\u2013
(0.6)
Disposals
1.2
\u2013
1.2
Foreign exchange movements
0.1
\u2013
0.1
At 31 March 2024
(10.1)
\u2013
(10.1)
Interest expense
(0.6)
\u2013
(0.6)
Repayment of lease liabilities
2.9
\u2013
2.9
Additions
(2.1)
\u2013
(2.1)
Disposals
\u2013
\u2013
\u2013
Foreign exchange movements
(0.1)
\u2013
(0.1)
Balance at 31 March 2025
(10.0)
\u2013
(10.0)
Group as lessee
The Group leases various industrial premises and office buildings.
The leases typically run for a period of one to ten years, with various options to renew the leases after that date. Lease terms are
negotiated on an individual basis and contain a wide range of different terms and conditions. Lease payments are renegotiated
dependent on the lease terms to reflect market rentals.
Some leases provide for additional rent payments that are based on fixed percentage changes and/or changes in
local price indices. The lease agreements do not impose any covenants, but leased assets may not be used as security for
borrowing purposes. See accounting policy in note 4(v).
Extension options are included in a number of property and equipment leases across the Group. These terms are used to
maximise operational flexibility in terms of managing contracts. The majority of extension options held are exercisable only by
the Group and not by the respective lessor. In determining the lease term, management considers all facts and circumstances
that create an economic incentive to exercise an extension option. Extension options are only included in the lease term if the
lease is reasonably certain to be extended (or not terminated). The assessment is reviewed if a significant event or a significant
change in circumstances occurs which affects this assessment and is within the control of the Group as a lessee.
The Group leases IT and other equipment with contract terms of one\u2013four years. These leases are short-term and/or leases of
low-value items. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases.
Amounts recognised in income statement
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Depreciation expense on right-of-use assets
2.5
3.0
Interest expense on lease liabilities
0.6
0.7
Expenses relating to short-term leases
0.1
0.1
Expenses relating to leases of low-value assets
\u2013
\u2013
Total recognised in profit and loss
3.2
3.8
Amounts recognised in statement of cash flows
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Repayment of lease liabilities
2.3
2.9
Payment of interest expense on lease liabilities
0.6
0.7
Payments relating to short-term leases
0.1
0.1
Payments relating to leases of low-value assets
\u2013
\u2013
Total cash outflow for leases
3.0
3.7
Group as lessor
The Group has a lease on an office that was entered into during 2019 and which it is also sub-letting. The Group has classified
this sub-lease as an operating lease, because it does not transfer substantially all of the risks and rewards incidental to the
ownership of the asset. The head lease expires in 2029 and the sub-lease expires in 2026. The sub-lessor has the option to renew
the lease at its sole discretion. The lessee does not have an option to purchase property at the expiry of the lease period.
Rental income recognised by the Group during the 12-month period to 31 March 2025 was $0.4m (15-month period to 31 March
2024: $0.4m).
Operating leases minimum rentals receivable under IFRS 16
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Less than one year
0.4
0.3
One to two years
0.3
0.3
Two to three years
\u2013
0.3
Total
0.7
0.9
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-524": { "value": "Right-of-use assets
Non-property
Buildings leases Total
$m $m $m
Cost
At 1 January 2023
20.0
0.6
20.6
Additions including modifications
0.6
\u2013
0.6
Disposals including modifications
(2.1)
(0.6)
(2.7)
Foreign exchange movements
(0.8)
\u2013
(0.8)
At 31 March 2024
17.7
\u2013
17.7
Additions including modifications
2.6
\u2013
2.6
Disposals including modifications
(1.8)
\u2013
(1.8)
Foreign exchange movements
0.2
\u2013
0.2
Balance at 31 March 2025
18.7
\u2013
18.7
Accumulated depreciation and impairment losses
At 1 January 2023
(7.3)
(0.6)
(7.9)
Charge for the period
(3.0)
\u2013
(3.0)
Disposals
1.2
0.6
1.8
Foreign exchange movements
0.2
\u2013
0.2
At 31 March 2024
(8.9)
\u2013
(8.9)
Charge for year
(2.5)
\u2013
(2.5)
Disposals
1.8
\u2013
1.8
Foreign exchange movements
(0.1)
\u2013
(0.1)
Balance at 31 March 2025
(9.7)
\u2013
(9.7)
Carrying amount at 31 March 2025
9.0
\u2013
9.0
Carrying amount at 31 March 2024
8.8
\u2013
8.8
Carrying amount at 1 January 2023
12.7
\u2013
12.7
", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-492": { "value": "
14. INTANGIBLE ASSETS
Concessions,
patents,
licences and Software Development
trademarks Goodwill and licences costs Total
$m $m $m $m $m
Cost
At 1 January 2023
15.0
16.2
8.0
21.1
60.3
Additions
1.2
\u2013
0.3
3.9
5.4
Disposals
\u2013
\u2013
\u2013
\u2013
\u2013
Foreign exchange movements
(0.4)
0.2
(0.2)
0.2
(0.2)
At 31 March 2024
15.8
16.4
8.1
25.2
65.5
Additions
0.8
\u2013
0.1
2.8
3.7
Disposals
(11.9)
\u2013
(2.6)
(2.8)
(17.3)
Foreign exchange movements
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March 2025
4.7
16.4
5.6
25.2
51.9
Accumulated amortisation and impairment losses
At 1 January 2023
(12.6)
(5.1)
(7.1)
(9.6)
(34.4)
Charge for period
(1.2)
\u2013
(0.5)
(6.0)
(7.7)
Impairment charge
(0.6)
(11.2)
\u2013
(4.0)
(15.8)
Foreign exchange movements
0.2
(0.1)
0.2
0.2
0.5
At 31 March 2024
(14.2)
(16.4)
(7.4)
(19.4)
(57.4)
Charge for period
(0.9)
\u2013
(0.2)
(1.5)
(2.6)
Impairment charge
(0.2)
\u2013
\u2013
\u2013
(0.2)
Disposals
11.9
\u2013
2.6
2.8
17.3
Transfers
0.1
\u2013
(0.2)
0.1
\u2013
Foreign exchange movements
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March 2025
(3.3)
(16.4)
(5.2)
(18.0)
(42.9)
Carrying amount at 31 March 2025
1.4
\u2013
0.4
7.2
9.0
Carrying amount at 31 March 2024
1.6
\u2013
0.7
5.8
8.1
Carrying amount at 1 January 2023
2.4
11.1
0.9
11.5
25.9
The amortisation charge for the period is included within administrative expenses in the income statement. The carrying value
of development costs not yet available for use and, therefore, for which amortisation has not yet commenced is $5.8m (2024:
$3.1m). All development costs are allocated to the Lighting CGU.
CGU impairment
The Group has two cash-generating units (\u2018CGUs\u2019), Lighting and Signals & Components, which are the smallest identifiable
independent groups of assets that generate cash inflows that are largely independent of the cash inflows from other assets
or groups of assets. Where assets and costs are shared between the two CGUs a reasonable apportionment of these is made
for the purpose of the impairment calculation.
Management have assessed whether any indicators of impairment over the CGUs are present. In addition, intangible assets
not yet available for use are assessed for impairment.
Management have considered whether there are any indicators of impairment over both the Lighting and Signals &
Components CGUs, and determined that there was an indicator of potential impairment within the Lighting CGU, due to
performance against budget, and as such an impairment assessment was performed. For the period ended 31 March 2025, this
assessment identified that the recoverable amount of the Lighting segment based on value in use was $55.6m (2024: $66.7m).
As a result, no impairment has been recorded in the current year. In the prior year, as a result of under performance of the
Lighting CGU, a review for impairment was performed at 31 December 2023, which has resulted in an impairment of goodwill of
$11.2m being recognised. The impairment charge was material, non-cash, and non-operational related items and was therefore
excluded from underlying results (note 6).
The basis of the recoverable amount is the value in use using was management\u2019s latest five-year forecast as at 31 March 2025.
This forecast reflects the growth opportunities inherent in the business in the medium term, including the revenues and
gross margin stemming from the implementation of the Transformation Plan. The long-term growth rate for the valuation
into perpetuity has been determined as the average of Consumer Price Index (\u2018CPI\u2019) rates for the countries in which the CGU
operates, predicted for the next five years.
Management have also performed a sensitivity analysis for the Lighting CGU impairment assessment by adjusting
management\u2019s five-year forecast. The sensitivity analysis reduces revenue growth to bring this in line with the terminal growth
rate, and reduces forecast cost savings. This reasonably possible change eliminates headroom in the model.
The pre-tax discount rate is based on the Group\u2019s weighted average cost of capital, which reflects current market assessments
of a number of factors that impact on the time value of money and any risk specific to the Group. The discount rate has
increased due to the Company specific risk increasing following the announcement of the Transformation Plan. The rate includes
management\u2019s assessment of a normal level of debt-to-equity ratio within similar companies in the Group\u2019s sector. The costs of
the ultimate holding Company (stewardship costs) have been allocated to each CGU as they provide necessary support to the
CGUs to generate cash inflows. These costs have been allocated on the same allocation basis as the administration costs.
The key assumptions used in the value-in-use calculation are set out below:
31 March 31 March
2025 2024
Discount rate \u2013 pre-tax
17.9%
19.0%
Terminal growth rate
2.0%
2.0%
FY2026 growth rate
0.0%
\u2013
Annual five-year revenue growth rate range for Lighting segment after FY2026
5.0%
10.0%
Annual five-year gross margin improvement
6.0%
6.4%
Stewardship allocation
80.0%
80.0%
Other intangible asset impairment
In addition to the above impairment assessment over the Lighting CGU, the Development costs and patents relating to the
Lighting segment were assessed for individual impairment, with an impairment of $0.1m recognised based on forecasted
sales. Additionally, $0.1m of patents relating to the sold traffic business (Signals and Components segment) were impaired in
the period.
In the prior year, development costs relating to the traffic business (Signals & Components) of $0.5m were fully impaired as they
relate to projects that will no longer be pursued. In addition, a further $3.5m of development costs and $0.6m of concessions,
patents, licences and trademarks costs relating to the Lighting segment were impaired in the prior year. At 31 March
2025 management have assessed whether there are indicators that the impairment loss recognised in the prior year should
be reversed, and have concluded that the requirement has not been met.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-552": { "value": "14. INTANGIBLE ASSETS
Concessions,
patents,
licences and Software Development
trademarks Goodwill and licences costs Total
$m $m $m $m $m
Cost
At 1 January 2023
15.0
16.2
8.0
21.1
60.3
Additions
1.2
\u2013
0.3
3.9
5.4
Disposals
\u2013
\u2013
\u2013
\u2013
\u2013
Foreign exchange movements
(0.4)
0.2
(0.2)
0.2
(0.2)
At 31 March 2024
15.8
16.4
8.1
25.2
65.5
Additions
0.8
\u2013
0.1
2.8
3.7
Disposals
(11.9)
\u2013
(2.6)
(2.8)
(17.3)
Foreign exchange movements
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March 2025
4.7
16.4
5.6
25.2
51.9
Accumulated amortisation and impairment losses
At 1 January 2023
(12.6)
(5.1)
(7.1)
(9.6)
(34.4)
Charge for period
(1.2)
\u2013
(0.5)
(6.0)
(7.7)
Impairment charge
(0.6)
(11.2)
\u2013
(4.0)
(15.8)
Foreign exchange movements
0.2
(0.1)
0.2
0.2
0.5
At 31 March 2024
(14.2)
(16.4)
(7.4)
(19.4)
(57.4)
Charge for period
(0.9)
\u2013
(0.2)
(1.5)
(2.6)
Impairment charge
(0.2)
\u2013
\u2013
\u2013
(0.2)
Disposals
11.9
\u2013
2.6
2.8
17.3
Transfers
0.1
\u2013
(0.2)
0.1
\u2013
Foreign exchange movements
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March 2025
(3.3)
(16.4)
(5.2)
(18.0)
(42.9)
Carrying amount at 31 March 2025
1.4
\u2013
0.4
7.2
9.0
Carrying amount at 31 March 2024
1.6
\u2013
0.7
5.8
8.1
Carrying amount at 1 January 2023
2.4
11.1
0.9
11.5
25.9
The amortisation charge for the period is included within administrative expenses in the income statement. The carrying value of development costs not yet available for use and, therefore, for which amortisation has not yet commenced is $5.8m (2024: $3.1m). All development costs are allocated to the Lighting CGU. CGU impairment The Group has two cash-generating units (\u2018CGUs\u2019), Lighting and Signals & Components, which are the smallest identifiable independent groups of assets that generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Where assets and costs are shared between the two CGUs a reasonable apportionment of these is made for the purpose of the impairment calculation. Management have assessed whether any indicators of impairment over the CGUs are present. In addition, intangible assets not yet available for use are assessed for impairment. Management have considered whether there are any indicators of impairment over both the Lighting and Signals & Components CGUs, and determined that there was an indicator of potential impairment within the Lighting CGU, due to performance against budget, and as such an impairment assessment was performed. For the period ended 31 March 2025, this assessment identified that the recoverable amount of the Lighting segment based on value in use was $55.6m (2024: $66.7m). As a result, no impairment has been recorded in the current year. In the prior year, as a result of under performance of the Lighting CGU, a review for impairment was performed at 31 December 2023, which has resulted in an impairment of goodwill of $11.2m being recognised. The impairment charge was material, non-cash, and non-operational related items and was therefore excluded from underlying results (note 6). The basis of the recoverable amount is the value in use using was management\u2019s latest five-year forecast as at 31 March 2025. This forecast reflects the growth opportunities inherent in the business in the medium term, including the revenues and gross margin stemming from the implementation of the Transformation Plan. The long-term growth rate for the valuation into perpetuity has been determined as the average of Consumer Price Index (\u2018CPI\u2019) rates for the countries in which the CGU operates, predicted for the next five years. Management have also performed a sensitivity analysis for the Lighting CGU impairment assessment by adjusting management\u2019s five-year forecast. The sensitivity analysis reduces revenue growth to bring this in line with the terminal growth rate, and reduces forecast cost savings. This reasonably possible change eliminates headroom in the model. The pre-tax discount rate is based on the Group\u2019s weighted average cost of capital, which reflects current market assessments of a number of factors that impact on the time value of money and any risk specific to the Group. The discount rate has increased due to the Company specific risk increasing following the announcement of the Transformation Plan. The rate includes management\u2019s assessment of a normal level of debt-to-equity ratio within similar companies in the Group\u2019s sector. The costs of the ultimate holding Company (stewardship costs) have been allocated to each CGU as they provide necessary support to the CGUs to generate cash inflows. These costs have been allocated on the same allocation basis as the administration costs. The key assumptions used in the value-in-use calculation are set out below:
31 March 31 March
2025 2024
Discount rate \u2013 pre-tax
17.9%
19.0%
Terminal growth rate
2.0%
2.0%
FY2026 growth rate
0.0%
\u2013
Annual five-year revenue growth rate range for Lighting segment after FY2026
5.0%
10.0%
Annual five-year gross margin improvement
6.0%
6.4%
Stewardship allocation
80.0%
80.0%
Other intangible asset impairment In addition to the above impairment assessment over the Lighting CGU, the Development costs and patents relating to the Lighting segment were assessed for individual impairment, with an impairment of $0.1m recognised based on forecasted sales. Additionally, $0.1m of patents relating to the sold traffic business (Signals and Components segment) were impaired in the period. In the prior year, development costs relating to the traffic business (Signals & Components) of $0.5m were fully impaired as they relate to projects that will no longer be pursued. In addition, a further $3.5m of development costs and $0.6m of concessions, patents, licences and trademarks costs relating to the Lighting segment were impaired in the prior year. At 31 March 2025 management have assessed whether there are indicators that the impairment loss recognised in the prior year should be reversed, and have concluded that the requirement has not been met.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-525": { "value": "14. INTANGIBLE ASSETS
Concessions,
patents,
licences and Software Development
trademarks Goodwill and licences costs Total
$m $m $m $m $m
Cost
At 1 January 2023
15.0
16.2
8.0
21.1
60.3
Additions
1.2
\u2013
0.3
3.9
5.4
Disposals
\u2013
\u2013
\u2013
\u2013
\u2013
Foreign exchange movements
(0.4)
0.2
(0.2)
0.2
(0.2)
At 31 March 2024
15.8
16.4
8.1
25.2
65.5
Additions
0.8
\u2013
0.1
2.8
3.7
Disposals
(11.9)
\u2013
(2.6)
(2.8)
(17.3)
Foreign exchange movements
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March 2025
4.7
16.4
5.6
25.2
51.9
Accumulated amortisation and impairment losses
At 1 January 2023
(12.6)
(5.1)
(7.1)
(9.6)
(34.4)
Charge for period
(1.2)
\u2013
(0.5)
(6.0)
(7.7)
Impairment charge
(0.6)
(11.2)
\u2013
(4.0)
(15.8)
Foreign exchange movements
0.2
(0.1)
0.2
0.2
0.5
At 31 March 2024
(14.2)
(16.4)
(7.4)
(19.4)
(57.4)
Charge for period
(0.9)
\u2013
(0.2)
(1.5)
(2.6)
Impairment charge
(0.2)
\u2013
\u2013
\u2013
(0.2)
Disposals
11.9
\u2013
2.6
2.8
17.3
Transfers
0.1
\u2013
(0.2)
0.1
\u2013
Foreign exchange movements
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March 2025
(3.3)
(16.4)
(5.2)
(18.0)
(42.9)
Carrying amount at 31 March 2025
1.4
\u2013
0.4
7.2
9.0
Carrying amount at 31 March 2024
1.6
\u2013
0.7
5.8
8.1
Carrying amount at 1 January 2023
2.4
11.1
0.9
11.5
25.9
The amortisation charge for the period is included within administrative expenses in the income statement. The carrying value of development costs not yet available for use and, therefore, for which amortisation has not yet commenced is $5.8m (2024: $3.1m). All development costs are allocated to the Lighting CGU. CGU impairment The Group has two cash-generating units (\u2018CGUs\u2019), Lighting and Signals & Components, which are the smallest identifiable independent groups of assets that generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Where assets and costs are shared between the two CGUs a reasonable apportionment of these is made for the purpose of the impairment calculation. Management have assessed whether any indicators of impairment over the CGUs are present. In addition, intangible assets not yet available for use are assessed for impairment. Management have considered whether there are any indicators of impairment over both the Lighting and Signals & Components CGUs, and determined that there was an indicator of potential impairment within the Lighting CGU, due to performance against budget, and as such an impairment assessment was performed. For the period ended 31 March 2025, this assessment identified that the recoverable amount of the Lighting segment based on value in use was $55.6m (2024: $66.7m). As a result, no impairment has been recorded in the current year. In the prior year, as a result of under performance of the Lighting CGU, a review for impairment was performed at 31 December 2023, which has resulted in an impairment of goodwill of $11.2m being recognised. The impairment charge was material, non-cash, and non-operational related items and was therefore excluded from underlying results (note 6). The basis of the recoverable amount is the value in use using was management\u2019s latest five-year forecast as at 31 March 2025. This forecast reflects the growth opportunities inherent in the business in the medium term, including the revenues and gross margin stemming from the implementation of the Transformation Plan. The long-term growth rate for the valuation into perpetuity has been determined as the average of Consumer Price Index (\u2018CPI\u2019) rates for the countries in which the CGU operates, predicted for the next five years. Management have also performed a sensitivity analysis for the Lighting CGU impairment assessment by adjusting management\u2019s five-year forecast. The sensitivity analysis reduces revenue growth to bring this in line with the terminal growth rate, and reduces forecast cost savings. This reasonably possible change eliminates headroom in the model. The pre-tax discount rate is based on the Group\u2019s weighted average cost of capital, which reflects current market assessments of a number of factors that impact on the time value of money and any risk specific to the Group. The discount rate has increased due to the Company specific risk increasing following the announcement of the Transformation Plan. The rate includes management\u2019s assessment of a normal level of debt-to-equity ratio within similar companies in the Group\u2019s sector. The costs of the ultimate holding Company (stewardship costs) have been allocated to each CGU as they provide necessary support to the CGUs to generate cash inflows. These costs have been allocated on the same allocation basis as the administration costs. The key assumptions used in the value-in-use calculation are set out below:
31 March 31 March
2025 2024
Discount rate \u2013 pre-tax
17.9%
19.0%
Terminal growth rate
2.0%
2.0%
FY2026 growth rate
0.0%
\u2013
Annual five-year revenue growth rate range for Lighting segment after FY2026
5.0%
10.0%
Annual five-year gross margin improvement
6.0%
6.4%
Stewardship allocation
80.0%
80.0%
Other intangible asset impairment In addition to the above impairment assessment over the Lighting CGU, the Development costs and patents relating to the Lighting segment were assessed for individual impairment, with an impairment of $0.1m recognised based on forecasted sales. Additionally, $0.1m of patents relating to the sold traffic business (Signals and Components segment) were impaired in the period. In the prior year, development costs relating to the traffic business (Signals & Components) of $0.5m were fully impaired as they relate to projects that will no longer be pursued. In addition, a further $3.5m of development costs and $0.6m of concessions, patents, licences and trademarks costs relating to the Lighting segment were impaired in the prior year. At 31 March 2025 management have assessed whether there are indicators that the impairment loss recognised in the prior year should be reversed, and have concluded that the requirement has not been met.", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-526": { "value": "15. DEFERRED TAX (i) Recognised deferred tax assets and liabilities Deferred tax assets and liabilities are attributable to the following:
Assets
Liabilities
Net
31 March 31 March 31 March 31 March 31 March 31 March
2025 2024 2025 2024 2025 2024
$m $m $m $m $m $m
Property, plant and equipment
\u2013
\u2013
(0.6)
(0.5)
(0.6)
(0.5)
Intangible assets
0.4
0.7
\u2013
\u2013
0.4
0.7
Employee benefits
0.2
\u2013
\u2013
(1.0)
0.2
(1.0)
Provisions
5.0
3.4
\u2013
\u2013
5.0
3.4
Right-of-use assets
\u2013
\u2013
(2.0)
(2.0)
(2.0)
(2.0)
Lease liabilities
2.3
2.4
\u2013
\u2013
2.3
2.4
Restricted interest
1.1
0.8
\u2013
\u2013
1.1
0.8
Losses and other items
2.1
2.0
\u2013
\u2013
2.1
2.0
Tax assets/(liabilities)
11.1
9.3
(2.6)
(3.5)
8.5
5.8
(ii) Movement in temporary differences during the year
Property,
plant and Intangible Employee Right-of-use Lease Restricted Losses and
equipment assets benefits Provisions asset liabilities interest other items Total
$m $m $m $m $m $m $m $m $m
At 1 January 2023
(1.1)
(0.2)
(1.1)
3.1
(2.9)
3.3
0.4
1.3
2.8
Recognised in income
0.6
0.9
\u2013
0.3
0.9
(0.9)
0.4
0.7
2.9
Recognised in equity
\u2013
\u2013
0.1
\u2013
\u2013
\u2013
\u2013
\u2013
0.1
Foreign exchange
movements
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
At 31 March 2024
(0.5)
0.7
(1.0)
3.4
(2.0)
2.4
0.8
2.0
5.8
Recognised in income
(0.1)
(0.3)
0.2
1.6
\u2013
(0.1)
0.3
0.1
1.7
Recognised in equity
\u2013
\u2013
1.0
\u2013
\u2013
\u2013
\u2013
\u2013
1.0
Foreign exchange
movements
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 31 March
(0.6)
0.4
0.2
5.0
(2.0)
2.3
1.1
2.1
8.5
2025
The Group has recognised a net deferred tax asset of $8.5m (2024: $5.8m). Of this balance, $6.4m (2024: $4.8m) arises in the US with $4.4m (2024: $3.2m) relating to short-term timing differences that typically unwind on a yearly basis, $0.4m (2024: $0.7m) arising on intangible assets, $0.3m (2024: nil) arising on other items, $1.9m (2024: $1.5m) arising on losses and restricted interest deductions which have no expiry dates. This is offset by a US deferred tax liability of $0.7m (2024: $0.7m) arising on property, plant and equipment. The Group considers it highly probably that sufficient future taxable profits will arise in the US based on both the earning history and the future forecasted profits. In addition, the Group is satisfied that the losses will unwind in the same period as the forecasted taxable profits. The remaining $2.1m of the recognised net deferred tax asset arises in respect of deferred tax assets on right-of-use assets and lease liabilities ($0.4m), provisions ($1.0m), losses ($1.0m), offset by deferred tax liabilities arising on employee benefits ($0.2m) and individually immaterial net DTAs recognised by the Group\u2019s subsidiary entities in various geographical locations. Provisions This deferred tax item amounting to $5.0m (2024: $3.4m) primarily arises respect of amounts recorded in the US and comprises of a provision recorded in respect of the Sanmina dispute of $1.7m (2024: $0.8m), inventory reserves of $1.5m (2024: $1.1m), trade receivable allowance of $0.9m (2024: $0.4m), warranty reserves of $0.6m (2024: $0.4m) and UNICAP adjustments held in the US of $0.4m (2024: $0.3m). Losses and other items Of the $2.1m (2024: $2.0m) deferred tax asset relating to losses and other items, $0.3m (2024: $1.0m) arises in the UK and has been recognised to offset a deferred tax liability arising on employee benefits in that territory. No losses over and above the offset of the deferred tax liability have been recognised in the UK as the Group do not consider that sufficient taxable profits will arise against which further losses can be recognised. The remaining deferred tax asset of $1.8m (2024: $1.0m) arises in respect of carried forward unused tax losses in the US of $1.0m (2024: $0.8m); Singapore $0.2m (2024: $0.2m) which have no expiry dates; and Malaysia of $0.5m (2024: nil) which expire 10 years after origination. (iii) Unrecognised deferred tax assets Deferred tax assets have not been recognised in respect of the following items, because it is not probable that future taxable profit will be available against which the Group can use the benefits.
31 March 2025 31 March 2024
$m $m
Gross Tax Gross Tax
amount effect amount effect
Deductible temporary differences
0.8
0.2
\u2013
\u2013
Tax losses
61.1
15.4
51.1
12.9
61.9
15.6
51.1
12.9
(iv) Tax losses carried forward Tax losses for which no deferred tax assets were recognised expire as follows:
31 March 31 March
2025 Expiry 2024 Expiry
$m date $m date
Expire
\u2013
\u2013
\u2013
\u2013
Never expire
61.1
\u2013
51.1
\u2013
In accordance with IAS 12, management have determined that the recoverability of deferred tax assets is not supportable in excess of deferred tax liabilities based on current three-year forecasts. At 31 March 2025, the Group has unrecognised deferred tax assets of $15.4m (2024: $12.9m), which are not expected to be realised in the near future. The Group has gross tax losses of $61.1m (2024: $51.1m) arising in Dialight Europe $35.1m (2024: $33.5m), Dialight plc $24.0m (2024: $15.9m) and Dialight GmbH $2.0m (2024: $1.7m), which are available to offset against the future profits of the businesses and are not subject to expiration.", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-493": { "value": "
16. EMPLOYEE BENEFITS
The Group makes contributions to two closed defined benefit plans (referred to below as Plan A and Plan B) to provide benefits
for employees and former employees upon retirement. The plans expose the Group to actuarial risks, such as longevity risk,
interest rate risk and investment risk. Both plans are administered by discrete funds (the \u2018Funds\u2019) that are legally separate from
the Group and managed by Trustees that are independent individuals. The Trustees of the plans are required by law to act in the
best interests of the plan participants and are responsible for setting certain policies (e.g. investment) of the Funds.
The aggregate surplus on both schemes is $2.2m, a decrease of $3.2m from 31 March 2024. The duration of the liabilities is six
years for Plan A and eight years for Plan B. The income statement income of $0.1m is made up of $0.2m of current service costs
expense offset by $0.3m of interest income. Actuarial losses of $4.0m recognised in other comprehensive income, were offset by
cash contributions of $0.7m. The last actuarial valuations were completed as at April 2022, with future cash contributions agreed
at the current levels through to December 2028 and July 2029 for each scheme.
The main scheme, (which is the larger of the two), purchased a bulk annuity policy covering the majority of its liabilities on 4 July
2024 with an insurer. This \u201cbuy-in\u201d loss of is the primary reason for the actuarial loss in the year. The premium paid was \u00a316.1m.
As at 4 July 2024 the calculated value of the main scheme\u2019s liabilities was \u00a313.2m, using assumptions appropriate for IAS 19.
This generated an actuarial loss of \u00a32.9m or $3.7m. The trustees of the scheme and their advisors are working on various steps
to cleanse the scheme membership data, and complete calculations in respect of the impact of Guaranteed Minimum Pension
(\u2018GMP\u2019) equalisation. These steps are not expected to be completed for around 18 months. Until this work has been completed,
the Trustee of the scheme will not be in a position to move from a buy-in to a buy-out (where the bulk annuity policy is converted
into a series of individual policies which are then assigned to members). In light of this, the buy-in should be viewed as an
investment transaction, with the impact recognised through other comprehensive income (\u2018OCI\u2019).
The Company is required to agree a Schedule of Contributions with the Trustees of the Funds following a valuation, which must
be carried out at least once every three years, with the latest valuation in 2022. The Company expects to pay contributions
of $0.2m in respect of the Funds in the year to 31 March 2026. The weighted average duration of the defined benefit obligation
is seven years for Plan A and nine years for Plan B. There is no effect on recognition of the net defined benefit surplus as a result
of the asset ceiling.
For the principal defined benefit plan, notwithstanding the pension buy-in for Plan B with an insurer, the Group considers that
it has the right to the refund of a surplus, assuming the gradual settlement of the plan liabilities over time until all members
have left the plan. The plan Trustees can purchase annuities to ensure member benefits and can, for the majority of benefits,
transfer these annuities to members. The Trustees cannot unconditionally wind up the plan or use the surplus to enhance
member benefits without employer consent. Our judgement is that these Trustee rights do not prevent us from recognising an
unconditional right to a refund and, therefore, a surplus.
The Trustees of the pension schemes are aware of the court case involving Virgin Media and the resulting judgement which
has potentially wide-ranging implications as it voids changes to contracted-out schemes that were made without a section 37
certificate under the Pension Scheme Act 1993. The judgement in this case has now been upheld by the Court of Appeal.
The Trustees of Plan B have carried out a review of the relevant deeds and concluded that these complied with the requirements
of section 37 of the Pension Schemes Act 1993. The Group is therefore comfortable that the Virgin Media case will not lead to
additional liabilities relating to Plan B that need to be recognised in our financial statements. Plan B makes up 87% of the total
defined benefit obligation recognised on the balance sheet.
The Trustees of Plan A are still in the process of reviewing the relevant deeds. Until that review has been completed, the Group
is not yet in a position to quantify the impact of the Virgin Media case on Plan A. For the 12-month period ended 31 March 2025,
no adjustment has been made to the liabilities of Plan A for potential prior scheme amendments which may be affected by this
ruling. Plan A makes up 13% of the total defined benefit obligation recognised on the balance sheet.
The following table shows a reconciliation from the opening balances to the closing balances for the net defined benefit asset
and its components:
Fair value of plan assets
Defined benefit obligation
Net defined benefit asset
31 March 31 March 31 March 31 March 31 March 31 March
2025 2024 2025 2024 2025 2024
$m $m $m $m $m $m
Balance at the start of the period
25.6
25.2
(20.2)
(19.7)
5.4
5.5
Included in profit or loss
Current service cost
(0.2)
(0.4)
\u2013
\u2013
(0.2)
(0.4)
Interest income/(cost)
1.2
1.5
(0.9)
(1.2)
0.3
0.3
1.0
1.1
(0.9)
(1.2)
0.1
(0.1)
Included in other comprehensive income
Remeasurements (gain)/loss
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Actuarial (gain)/loss arising from:
\u2013 changes in demographic assumptions
\u2013
\u2013
\u2013
0.4
\u2013
0.4
\u2013 changes in financial assumptions
\u2013
\u2013
1.2
(0.7)
1.2
(0.7)
\u2013 other experience items
\u2013
\u2013
0.2
(0.2)
0.2
(0.2)
\u2013 past service cost
\u2013
\u2013
\u2013
0.1
\u2013
0.1
\u2013 return on plan assets excluding interest income
(5.4)
(0.1)
\u2013
\u2013
(5.4)
(0.1)
(5.4)
(0.1)
1.4
(0.4)
(4.0)
(0.5)
Other
Contributions paid by the employer
0.7
0.3
\u2013
\u2013
0.7
0.3
Benefits paid
(1.5)
(2.0)
1.5
2.0
\u2013
\u2013
(0.8)
(1.7)
1.5
2.0
0.7
0.3
Foreign exchange movements
0.5
1.1
(0.5)
(0.9)
\u2013
0.2
Balance the end of the period
20.9
25.6
(18.7)
(20.2)
2.2
5.4
Represented by:
31 March 31 March
2025 2024
$m $m
Net defined benefit asset (Plan A)
0.9
0.6
Net defined benefit asset (Plan B)
1.3
4.8
2.2
5.4
Plan assets consist of the following:
31 March 31 March
2025 2024
$m $m
Bonds and gilts (class 2)
3.5
24.6
Insured annuities
16.0
\u2013
Cash
1.4
1.0
20.9
25.6
All equity securities and government bonds have quoted prices in active markets.
Actuarial assumptions
The principal assumptions at the balance sheet date are:
31 March 31 March
2025 2024
% %
Discount rate
5.3
4.6
Future salary increases
n/a
n/a
Future pension increases
3.2
3.3
Inflation \u2013 RPI
3.3
3.4
Inflation \u2013 CPI
2.7
2.7
Assumptions regarding future mortality have been based on published statistics and mortality tables.
The current longevities underlying the values of the defined benefit obligation at the reporting date were as follows:
Plan A
Plan B
31 March 31 March 31 March 31 March
2025 2024 2025 2024
Life expectancy at age 65 for current pensioners
Males
88.1
88.1
85.1
85.1
Females
89.7
89.7
88.4
88.3
Life expectancy at age 65 for current members aged 45
Males
89.0
89.0
86.0
86.0
Females
90.8
90.7
89.5
89.4
Sensitivity analysis
Potential changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant,
would have affected the defined benefit obligation by the amounts shown below:
Plan A
Plan B
31 March 31 March 31 March 31 March
2025 2024 2025 2024
$m $m $m $m
Discount rate \u2013 increase by 0.5%
(0.1)
(0.1)
(0.6)
(0.8)
Discount rate \u2013 decrease by 0.5%
0.1
0.1
0.7
0.7
Rate of inflation \u2013 increase by 0.5%
0.1
0.1
0.4
0.4
Rate of inflation \u2013 decrease by 0.5%
(0.1)
(0.1)
(0.4)
(0.6)
Assumed life expectancy at age 65 \u2013 increase by one year
0.1
0.1
0.8
0.8
The present value of the defined benefit obligation has been calculated with the same method as the defined benefit obligation
recognised in the consolidated statement of financial position. The sensitivity analyses are based on a change in one assumption
while not changing all other assumptions. This analysis may not be representative of the actual change in the defined benefit
obligation as it is unlikely the change in any of the assumptions would occur in isolation of one another as some of the
assumptions are correlated.
Based on the sensitivity analysis the Directors\u2019 do not consider the actuarial assumptions to be a major source of estimation uncertainty.
Further details of the DRSP and VCP are included in the Directors\u2019 remuneration report on pages 74 to 77.
Share-based payments PSP and DRSP
During the period, awards under the DRSP were made to the Executive Directors and senior managers, details of which are set
out below.
The award was based solely on service conditions.
Number of awards
at the beginning Number of awards Number of awards Number of awards Number of awards Fair value
of granted during exercised during forfeited during at the end of pence Vesting Maturity
Date of award the period the period the period the period the period per share period date
April 2021
246,268
\u2013
(220,251)
\u2013
26,017
257
3 years
April 2024
(service conditions)
May 2021
89,547
\u2013
\u2013
(89,547)
\u2013
307
3 years
May 2024
(service conditions)
April 2022
278,144
\u2013
\u2013
(102,489)
175,655
349
3 years
April 2025
(service conditions)
April 2022
12,164
\u2013
\u2013
(12,164)
\u2013
349
3 years
January
(service conditions) 2025
April 2022
12,164
\u2013
(12,164)
\u2013
\u2013
349
2 years
January
(service conditions) 2024
April 2023
157,009
\u2013
\u2013
(123,948)
33,061
203
3 years
April 2026
(service conditions)
April 2023
329,827
\u2013
\u2013
(14,899)
314,928
203
3 years
April 2026
(service conditions)
August 2024
\u2013
510,208
\u2013
\u2013
510,208
178
3 years
August 2027
(service conditions)
Total
1,125,123
510,208
(232,415)
(343,047)
1,059,869
The 2022, 2023, and 2024 awards linked to service conditions have been valued using the five-day weighted average share price
prior to award date. The employee expense in the 12-month period to 31 March 2025 is $0.3m (15-months ended 31 March 2024:
$1.5m).
Value Creation Plan (\u2018VCP\u2019)
During the period, awards under the VCP were made to the Executive Directors, details of which are set out below. The award
was based solely on performance conditions.
Number of awards
at the beginning Number of awards Number of awards Number of awards Number of awards Fair value
of granted during exercised during forfeited during at the end of pence Vesting Maturity
Date of award the period the period the period the period the period per unit period date
March 2025
VCP Scheme
(performance
conditions)
\u2013
335
\u2013
\u2013
335
8,981
3 years
March 2027
March 2025
VCP Scheme
(performance
conditions)
\u2013
335
\u2013
\u2013
335
19,661
4 years
March 2028
Total
\u2013
670
\u2013
\u2013
670
VCPs were awarded in the period. In accordance with the plan rules, participants are eligible for a share in a pool of excess
shareholder value created over three and four-year performance periods. Vested shares (net of tax) must be retained for five
years from the date of grant. The 2025 VCP awards linked to performance conditions have been valued using a Monte Carlo
simulation to estimate the grant date fair value. The employee expense in the 12-month period to 31 March 2025 is $26k.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-565": { "value": "16. EMPLOYEE BENEFITS The Group makes contributions to two closed defined benefit plans (referred to below as Plan A and Plan B) to provide benefits for employees and former employees upon retirement. The plans expose the Group to actuarial risks, such as longevity risk, interest rate risk and investment risk. Both plans are administered by discrete funds (the \u2018Funds\u2019) that are legally separate from the Group and managed by Trustees that are independent individuals. The Trustees of the plans are required by law to act in the best interests of the plan participants and are responsible for setting certain policies (e.g. investment) of the Funds. The aggregate surplus on both schemes is $2.2m, a decrease of $3.2m from 31 March 2024. The duration of the liabilities is six years for Plan A and eight years for Plan B. The income statement income of $0.1m is made up of $0.2m of current service costs expense offset by $0.3m of interest income. Actuarial losses of $4.0m recognised in other comprehensive income, were offset by cash contributions of $0.7m. The last actuarial valuations were completed as at April 2022, with future cash contributions agreed at the current levels through to December 2028 and July 2029 for each scheme. The main scheme, (which is the larger of the two), purchased a bulk annuity policy covering the majority of its liabilities on 4 July 2024 with an insurer. This \u201cbuy-in\u201d loss of is the primary reason for the actuarial loss in the year. The premium paid was \u00a316.1m. As at 4 July 2024 the calculated value of the main scheme\u2019s liabilities was \u00a313.2m, using assumptions appropriate for IAS 19. This generated an actuarial loss of \u00a32.9m or $3.7m. The trustees of the scheme and their advisors are working on various steps to cleanse the scheme membership data, and complete calculations in respect of the impact of Guaranteed Minimum Pension (\u2018GMP\u2019) equalisation. These steps are not expected to be completed for around 18 months. Until this work has been completed, the Trustee of the scheme will not be in a position to move from a buy-in to a buy-out (where the bulk annuity policy is converted into a series of individual policies which are then assigned to members). In light of this, the buy-in should be viewed as an investment transaction, with the impact recognised through other comprehensive income (\u2018OCI\u2019). The Company is required to agree a Schedule of Contributions with the Trustees of the Funds following a valuation, which must be carried out at least once every three years, with the latest valuation in 2022. The Company expects to pay contributions of $0.2m in respect of the Funds in the year to 31 March 2026. The weighted average duration of the defined benefit obligation is seven years for Plan A and nine years for Plan B. There is no effect on recognition of the net defined benefit surplus as a result of the asset ceiling. For the principal defined benefit plan, notwithstanding the pension buy-in for Plan B with an insurer, the Group considers that it has the right to the refund of a surplus, assuming the gradual settlement of the plan liabilities over time until all members have left the plan. The plan Trustees can purchase annuities to ensure member benefits and can, for the majority of benefits, transfer these annuities to members. The Trustees cannot unconditionally wind up the plan or use the surplus to enhance member benefits without employer consent. Our judgement is that these Trustee rights do not prevent us from recognising an unconditional right to a refund and, therefore, a surplus. The Trustees of the pension schemes are aware of the court case involving Virgin Media and the resulting judgement which has potentially wide-ranging implications as it voids changes to contracted-out schemes that were made without a section 37 certificate under the Pension Scheme Act 1993. The judgement in this case has now been upheld by the Court of Appeal. The Trustees of Plan B have carried out a review of the relevant deeds and concluded that these complied with the requirements of section 37 of the Pension Schemes Act 1993. The Group is therefore comfortable that the Virgin Media case will not lead to additional liabilities relating to Plan B that need to be recognised in our financial statements. Plan B makes up 87% of the total defined benefit obligation recognised on the balance sheet. The Trustees of Plan A are still in the process of reviewing the relevant deeds. Until that review has been completed, the Group is not yet in a position to quantify the impact of the Virgin Media case on Plan A. For the 12-month period ended 31 March 2025, no adjustment has been made to the liabilities of Plan A for potential prior scheme amendments which may be affected by this ruling. Plan A makes up 13% of the total defined benefit obligation recognised on the balance sheet. The following table shows a reconciliation from the opening balances to the closing balances for the net defined benefit asset and its components:
Fair value of plan assets
Defined benefit obligation
Net defined benefit asset
31 March 31 March 31 March 31 March 31 March 31 March
2025 2024 2025 2024 2025 2024
$m $m $m $m $m $m
Balance at the start of the period
25.6
25.2
(20.2)
(19.7)
5.4
5.5
Included in profit or loss
Current service cost
(0.2)
(0.4)
\u2013
\u2013
(0.2)
(0.4)
Interest income/(cost)
1.2
1.5
(0.9)
(1.2)
0.3
0.3
1.0
1.1
(0.9)
(1.2)
0.1
(0.1)
Included in other comprehensive income
Remeasurements (gain)/loss
\u2013
\u2013
\u2013
\u2013
\u2013
\u2013
Actuarial (gain)/loss arising from:
\u2013 changes in demographic assumptions
\u2013
\u2013
\u2013
0.4
\u2013
0.4
\u2013 changes in financial assumptions
\u2013
\u2013
1.2
(0.7)
1.2
(0.7)
\u2013 other experience items
\u2013
\u2013
0.2
(0.2)
0.2
(0.2)
\u2013 past service cost
\u2013
\u2013
\u2013
0.1
\u2013
0.1
\u2013 return on plan assets excluding interest income
(5.4)
(0.1)
\u2013
\u2013
(5.4)
(0.1)
(5.4)
(0.1)
1.4
(0.4)
(4.0)
(0.5)
Other
Contributions paid by the employer
0.7
0.3
\u2013
\u2013
0.7
0.3
Benefits paid
(1.5)
(2.0)
1.5
2.0
\u2013
\u2013
(0.8)
(1.7)
1.5
2.0
0.7
0.3
Foreign exchange movements
0.5
1.1
(0.5)
(0.9)
\u2013
0.2
Balance the end of the period
20.9
25.6
(18.7)
(20.2)
2.2
5.4
Represented by:
31 March 31 March
2025 2024
$m $m
Net defined benefit asset (Plan A)
0.9
0.6
Net defined benefit asset (Plan B)
1.3
4.8
2.2
5.4
Plan assets consist of the following:
31 March 31 March
2025 2024
$m $m
Bonds and gilts (class 2)
3.5
24.6
Insured annuities
16.0
\u2013
Cash
1.4
1.0
20.9
25.6
All equity securities and government bonds have quoted prices in active markets. Actuarial assumptions The principal assumptions at the balance sheet date are:
31 March 31 March
2025 2024
% %
Discount rate
5.3
4.6
Future salary increases
n/a
n/a
Future pension increases
3.2
3.3
Inflation \u2013 RPI
3.3
3.4
Inflation \u2013 CPI
2.7
2.7
Assumptions regarding future mortality have been based on published statistics and mortality tables. The current longevities underlying the values of the defined benefit obligation at the reporting date were as follows:
Plan A
Plan B
31 March 31 March 31 March 31 March
2025 2024 2025 2024
Life expectancy at age 65 for current pensioners
Males
88.1
88.1
85.1
85.1
Females
89.7
89.7
88.4
88.3
Life expectancy at age 65 for current members aged 45
Males
89.0
89.0
86.0
86.0
Females
90.8
90.7
89.5
89.4
Sensitivity analysis Potential changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below:
Plan A
Plan B
31 March 31 March 31 March 31 March
2025 2024 2025 2024
$m $m $m $m
Discount rate \u2013 increase by 0.5%
(0.1)
(0.1)
(0.6)
(0.8)
Discount rate \u2013 decrease by 0.5%
0.1
0.1
0.7
0.7
Rate of inflation \u2013 increase by 0.5%
0.1
0.1
0.4
0.4
Rate of inflation \u2013 decrease by 0.5%
(0.1)
(0.1)
(0.4)
(0.6)
Assumed life expectancy at age 65 \u2013 increase by one year
0.1
0.1
0.8
0.8
The present value of the defined benefit obligation has been calculated with the same method as the defined benefit obligation recognised in the consolidated statement of financial position. The sensitivity analyses are based on a change in one assumption while not changing all other assumptions. This analysis may not be representative of the actual change in the defined benefit obligation as it is unlikely the change in any of the assumptions would occur in isolation of one another as some of the assumptions are correlated. Based on the sensitivity analysis the Directors\u2019 do not consider the actuarial assumptions to be a major source of estimation uncertainty. Further details of the DRSP and VCP are included in the Directors\u2019 remuneration report on pages 74 to 77. Share-based payments PSP and DRSP During the period, awards under the DRSP were made to the Executive Directors and senior managers, details of which are set out below. The award was based solely on service conditions.
Number of awards
at the beginning Number of awards Number of awards Number of awards Number of awards Fair value
of granted during exercised during forfeited during at the end of pence Vesting Maturity
Date of award the period the period the period the period the period per share period date
April 2021
246,268
\u2013
(220,251)
\u2013
26,017
257
3 years
April 2024
(service conditions)
May 2021
89,547
\u2013
\u2013
(89,547)
\u2013
307
3 years
May 2024
(service conditions)
April 2022
278,144
\u2013
\u2013
(102,489)
175,655
349
3 years
April 2025
(service conditions)
April 2022
12,164
\u2013
\u2013
(12,164)
\u2013
349
3 years
January
(service conditions) 2025
April 2022
12,164
\u2013
(12,164)
\u2013
\u2013
349
2 years
January
(service conditions) 2024
April 2023
157,009
\u2013
\u2013
(123,948)
33,061
203
3 years
April 2026
(service conditions)
April 2023
329,827
\u2013
\u2013
(14,899)
314,928
203
3 years
April 2026
(service conditions)
August 2024
\u2013
510,208
\u2013
\u2013
510,208
178
3 years
August 2027
(service conditions)
Total
1,125,123
510,208
(232,415)
(343,047)
1,059,869
The 2022, 2023, and 2024 awards linked to service conditions have been valued using the five-day weighted average share price prior to award date. The employee expense in the 12-month period to 31 March 2025 is $0.3m (15-months ended 31 March 2024: $1.5m). Value Creation Plan (\u2018VCP\u2019) During the period, awards under the VCP were made to the Executive Directors, details of which are set out below. The award was based solely on performance conditions.
Number of awards
at the beginning Number of awards Number of awards Number of awards Number of awards Fair value
of granted during exercised during forfeited during at the end of pence Vesting Maturity
Date of award the period the period the period the period the period per unit period date
March 2025
VCP Scheme
(performance
conditions)
\u2013
335
\u2013
\u2013
335
8,981
3 years
March 2027
March 2025
VCP Scheme
(performance
conditions)
\u2013
335
\u2013
\u2013
335
19,661
4 years
March 2028
Total
\u2013
670
\u2013
\u2013
670
VCPs were awarded in the period. In accordance with the plan rules, participants are eligible for a share in a pool of excess shareholder value created over three and four-year performance periods. Vested shares (net of tax) must be retained for five years from the date of grant. The 2025 VCP awards linked to performance conditions have been valued using a Monte Carlo simulation to estimate the grant date fair value. The employee expense in the 12-month period to 31 March 2025 is $26k.", "dimensions": { "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-527": { "value": "Sensitivity analysis Potential changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below:
Plan A
Plan B
31 March 31 March 31 March 31 March
2025 2024 2025 2024
$m $m $m $m
Discount rate \u2013 increase by 0.5%
(0.1)
(0.1)
(0.6)
(0.8)
Discount rate \u2013 decrease by 0.5%
0.1
0.1
0.7
0.7
Rate of inflation \u2013 increase by 0.5%
0.1
0.1
0.4
0.4
Rate of inflation \u2013 decrease by 0.5%
(0.1)
(0.1)
(0.4)
(0.6)
Assumed life expectancy at age 65 \u2013 increase by one year
0.1
0.1
0.8
0.8
The present value of the defined benefit obligation has been calculated with the same method as the defined benefit obligation recognised in the consolidated statement of financial position. The sensitivity analyses are based on a change in one assumption while not changing all other assumptions. This analysis may not be representative of the actual change in the defined benefit obligation as it is unlikely the change in any of the assumptions would occur in isolation of one another as some of the assumptions are correlated. Based on the sensitivity analysis the Directors\u2019 do not consider the actuarial assumptions to be a major source of estimation uncertainty. Further details of the DRSP and VCP are included in the Directors\u2019 remuneration report on pages 74 to 77. ", "dimensions": { "concept": "ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-528": { "value": "Share-based payments PSP and DRSP During the period, awards under the DRSP were made to the Executive Directors and senior managers, details of which are set out below. The award was based solely on service conditions.
Number of awards
at the beginning Number of awards Number of awards Number of awards Number of awards Fair value
of granted during exercised during forfeited during at the end of pence Vesting Maturity
Date of award the period the period the period the period the period per share period date
April 2021
246,268
\u2013
(220,251)
\u2013
26,017
257
3 years
April 2024
(service conditions)
May 2021
89,547
\u2013
\u2013
(89,547)
\u2013
307
3 years
May 2024
(service conditions)
April 2022
278,144
\u2013
\u2013
(102,489)
175,655
349
3 years
April 2025
(service conditions)
April 2022
12,164
\u2013
\u2013
(12,164)
\u2013
349
3 years
January
(service conditions) 2025
April 2022
12,164
\u2013
(12,164)
\u2013
\u2013
349
2 years
January
(service conditions) 2024
April 2023
157,009
\u2013
\u2013
(123,948)
33,061
203
3 years
April 2026
(service conditions)
April 2023
329,827
\u2013
\u2013
(14,899)
314,928
203
3 years
April 2026
(service conditions)
August 2024
\u2013
510,208
\u2013
\u2013
510,208
178
3 years
August 2027
(service conditions)
Total
1,125,123
510,208
(232,415)
(343,047)
1,059,869
The 2022, 2023, and 2024 awards linked to service conditions have been valued using the five-day weighted average share price prior to award date. The employee expense in the 12-month period to 31 March 2025 is $0.3m (15-months ended 31 March 2024: $1.5m). ", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-494": { "value": "
17. INVENTORIES
31 March 31 March
2025 2024
$m $m
Raw materials and consumables
20.0
18.8
Work in progress
10.7
13.4
Finished goods
15.7
16.7
46.4
48.9
Spare parts
0.2
0.2
46.6
49.1
Inventories to the value of $67.2m (15-months ended 31 March 2024: $90.8m) were recognised as expenses in the period.
The inventory reserve at the balance sheet date was $5.9m, which represents 11.2% of gross inventory (2024: $6.6m representing
11.8% of gross inventory). Additional reserves of $3.0m were booked in the period, being offset by utilisation of $1.5m and
released of $2.2m, resulting in a net decrease in the reserve of $0.7m. As at 31 March 2025, management\u2019s best estimate of the
amount of inventory that will not be used within the next 12 months is c. $8.5m (2024: $8.1m).
In 2022, the Group revised its basis for estimate to calculating the inventory reserve to provide for raw and sub-assembly
inventory that is over 24-months old at the balance sheet date. The new basis for estimate reduces estimation subjectivity, while
allowing for the adverse impact from component shortages that have led to high inventory levels and some components being
held for longer than expected. Two years is felt to be appropriate as the components have a long shelf life and continue to be
used in production.
The review of finished goods inventory was based on all inventory over 365 days old. Inventory on hand was compared to
historical sales, current orders, sales pipeline and whether the product had been recently launched. Management judgement
was then applied to determine whether there was a reasonable probability that the inventory would be sold, with a provision
being required for any inventory that failed this assessment.
See note 23 for details of fixed and floating charges which includes the value of inventory in material Group companies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-495": { "value": "
18. TRADE AND OTHER RECEIVABLES
Amounts falling due within one year
31 March 31 March
2025 2024
Notes $m $m
Trade receivables
30.7
27.6
Allowance for credit losses
24
(2.1)
\u2013
28.6
27.6
Other non-trade receivables
3.1
1.4
Prepayments and accrued income
2.6
3.3
34.3
32.3
The Group\u2019s exposure to credit and currency risks and impairment losses related to trade and other receivables is disclosed
in note 24.
See note 23 for details of fixed and floating charges which includes the value of receivables in material Group companies
Amounts falling due in more than one year
31 March 31 March
2025 2024
$m $m
Other receivables
0.5
5.9
These relate to deposits on leasehold properties as at March 2025 and at March 2024, and additionally for March 2024 amounts
held in an escrow account by Sanmina Corporation, former manufacturing partner, relating to potential excess inventory claims.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-568": { "value": "18. TRADE AND OTHER RECEIVABLES Amounts falling due within one year
31 March 31 March
2025 2024
Notes $m $m
Trade receivables
30.7
27.6
Allowance for credit losses
24
(2.1)
\u2013
28.6
27.6
Other non-trade receivables
3.1
1.4
Prepayments and accrued income
2.6
3.3
34.3
32.3
The Group\u2019s exposure to credit and currency risks and impairment losses related to trade and other receivables is disclosed in note 24. See note 23 for details of fixed and floating charges which includes the value of receivables in material Group companies Amounts falling due in more than one year
31 March 31 March
2025 2024
$m $m
Other receivables
0.5
5.9
These relate to deposits on leasehold properties as at March 2025 and at March 2024, and additionally for March 2024 amounts held in an escrow account by Sanmina Corporation, former manufacturing partner, relating to potential excess inventory claims.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-529": { "value": "
31 March 31 March
2025 2024
Notes $m $m
Trade receivables
30.7
27.6
Allowance for credit losses
24
(2.1)
\u2013
28.6
27.6
Other non-trade receivables
3.1
1.4
Prepayments and accrued income
2.6
3.3
34.3
32.3
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-553": { "value": "
31 March 31 March
2025 2024
Notes $m $m
Trade receivables
30.7
27.6
Allowance for credit losses
24
(2.1)
\u2013
28.6
27.6
Other non-trade receivables
3.1
1.4
Prepayments and accrued income
2.6
3.3
34.3
32.3
The Group\u2019s exposure to credit and currency risks and impairment losses related to trade and other receivables is disclosed in note 24. See note 23 for details of fixed and floating charges which includes the value of receivables in material Group companies ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-554": { "value": "Amounts falling due in more than one year
31 March 31 March
2025 2024
$m $m
Other receivables
0.5
5.9
These relate to deposits on leasehold properties as at March 2025 and at March 2024, and additionally for March 2024 amounts held in an escrow account by Sanmina Corporation, former manufacturing partner, relating to potential excess inventory claims.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-496": { "value": "
19. CASH AND CASH EQUIVALENTS
31 March 31 March
2025 2024
$m $m
Cash and cash equivalents
7.9
11.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-497": { "value": "
20. CAPITAL AND RESERVES
Share capital
31 March 31 March 31 March 31 March
2025 2025 2024 2024
Number $m Number $m
Authorised: as previously stated
40,202,936
1.2
39,828,141
1.2
Adjustment*
\u2013
\u2013
199,140
\u2013
Authorised: restated
40,202,936
1.2
40,027,281
1.2
Ordinary shares of 1.89p each
Issued and fully paid:
At the beginning of the period
40,027,281
1.2
32,946,371
1.0
Issued during the period
175,655
\u2013
6,881,770
0.2
At the end of the period: as previously stated
40,202,936
1.2
39,828,141
1.2
Issued during the period: adjustment*
\u2013
\u2013
199,140
\u2013
At the end of the period: restated
40,202,936
1.2
40,027,281
1.2
On 24 March 2025 a total of 175,655 new ordinary shares of 1.89 pence each in the capital of the Company were issued.
* On 28 March 2024 a total of 199,140 new ordinary shares of 1.89 pence each in the capital of the Company were issued.
This issue of shares had been inadvertently omitted from the 2024 annual financial statements.
On 5 April 2023 a total of 246,513 new ordinary shares of 1.89 pence each in the capital of the Company were issued.
On 31 October 2023 a total of 6,635,257 new ordinary shares of 1.89 pence each in the capital of the Company were allotted
to raise gross proceeds of approximately $12.9m.
Share premium account
31 March 31 March
2025 2024
$m $m
At the beginning of the period
13.0
1.2
Issued during the period
\u2013
12.7
Share issues costs
\u2013
(0.9)
At the end of the period
13.0
13.0
Share premium
In the prior period, share issue costs of $0.9m have been netted off against the share premium arising on the new share issue.
Merger reserve On acquiring Lumidrives Limited in 2006, the Company issued ordinary shares as part of the consideration. Merger relief was taken in accordance with Section 131 of the Companies Act 1985 and hence $1.0m was credited to the merger reserve. Translation reserve The translation reserve comprises all foreign exchange differences from 1 January 2004 arising from the translation of the financial statements of the Company\u2019s overseas subsidiaries. Capital redemption reserve The capital redemption reserve comprises the nominal value of \u201cB\u201d preference shares redeemed since the capital reorganisation in 2005. Own shares Own shares represent shares in the Company that are held by an independent employee benefit trust (\u2018EBT\u2019) and include treasury shares. Own shares are held to settle share options in the future. In the period to 31 March 2025, the EBT purchased 69,281 shares on the open market for $0.2m and was allotted a further 175,655 new ordinary shares of 1.89 pence each. Dividends No dividends were declared in the current or the prior year. After the balance sheet date no dividends were proposed by the Directors and there are no income tax consequences for the Company.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-530": { "value": "Share capital
31 March 31 March 31 March 31 March
2025 2025 2024 2024
Number $m Number $m
Authorised: as previously stated
40,202,936
1.2
39,828,141
1.2
Adjustment*
\u2013
\u2013
199,140
\u2013
Authorised: restated
40,202,936
1.2
40,027,281
1.2
Ordinary shares of 1.89p each
Issued and fully paid:
At the beginning of the period
40,027,281
1.2
32,946,371
1.0
Issued during the period
175,655
\u2013
6,881,770
0.2
At the end of the period: as previously stated
40,202,936
1.2
39,828,141
1.2
Issued during the period: adjustment*
\u2013
\u2013
199,140
\u2013
At the end of the period: restated
40,202,936
1.2
40,027,281
1.2
On 24 March 2025 a total of 175,655 new ordinary shares of 1.89 pence each in the capital of the Company were issued. * On 28 March 2024 a total of 199,140 new ordinary shares of 1.89 pence each in the capital of the Company were issued. This issue of shares had been inadvertently omitted from the 2024 annual financial statements. On 5 April 2023 a total of 246,513 new ordinary shares of 1.89 pence each in the capital of the Company were issued. On 31 October 2023 a total of 6,635,257 new ordinary shares of 1.89 pence each in the capital of the Company were allotted to raise gross proceeds of approximately $12.9m. Share premium account
31 March 31 March
2025 2024
$m $m
At the beginning of the period
13.0
1.2
Issued during the period
\u2013
12.7
Share issues costs
\u2013
(0.9)
At the end of the period
13.0
13.0
Share premium In the prior period, share issue costs of $0.9m have been netted off against the share premium arising on the new share issue. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-531": { "value": "
Merger reserve
On acquiring Lumidrives Limited in 2006, the Company issued ordinary shares as part of the consideration. Merger relief
was taken in accordance with Section 131 of the Companies Act 1985 and hence $1.0m was credited to the merger reserve.
Translation reserve
The translation reserve comprises all foreign exchange differences from 1 January 2004 arising from the translation of the
financial statements of the Company\u2019s overseas subsidiaries.
Capital redemption reserve
The capital redemption reserve comprises the nominal value of \u201cB\u201d preference shares redeemed since the capital
reorganisation in 2005.
Own shares
Own shares represent shares in the Company that are held by an independent employee benefit trust (\u2018EBT\u2019) and include
treasury shares. Own shares are held to settle share options in the future. In the period to 31 March 2025, the EBT purchased
69,281 shares on the open market for $0.2m and was allotted a further 175,655 new ordinary shares of 1.89 pence each.
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-555": { "value": "Own shares Own shares represent shares in the Company that are held by an independent employee benefit trust (\u2018EBT\u2019) and include treasury shares. Own shares are held to settle share options in the future. In the period to 31 March 2025, the EBT purchased 69,281 shares on the open market for $0.2m and was allotted a further 175,655 new ordinary shares of 1.89 pence each. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-532": { "value": "
Dividends
No dividends were declared in the current or the prior year. After the balance sheet date no dividends were proposed by the
Directors and there are no income tax consequences for the Company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-498": { "value": "
21. TRADE AND OTHER PAYABLES
Amounts payable within one year
31 March 31 March
2025 2024
$m $m
Trade payables
18.9
24.2
Other taxes and social security
3.0
1.1
Sanmina liability
3.5
\u2013
Non-trade payables and accrued expenses
14.7
9.0
40.1
34.3
Amounts payable after more than one year
31 March 31 March
2025 2024
$m $m
Sanmina liability
3.8
\u2013
The Group\u2019s exposure to currency and liquidity risk related to trade and other payables is disclosed in note 24.
Trade payables relate to amounts owed to suppliers for goods or services purchased on credit, primarily raw materials and other
inventory purchases. Non-trade payables and accrued expenses relate to goods-in-transit and other professional fees.
Sanmina liability
In March 2025 a payment of $4.0m was made and as at March 2025 a discounted liability of $7.3m has been recognised.
The liability was discounted in accordance with IFRS as the liability will be settled over a period of two years and therefore
financing is deemed to be an integral component. Interest will be recognised at 8.0% p.a. (totalling $0.7m) on the liability over
time. Further details of contingencies regarding the settlement are given in note 26. In the view of the Directors, the additional
various triggers are highly unlikely to occur.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-569": { "value": "21. TRADE AND OTHER PAYABLES Amounts payable within one year
31 March 31 March
2025 2024
$m $m
Trade payables
18.9
24.2
Other taxes and social security
3.0
1.1
Sanmina liability
3.5
\u2013
Non-trade payables and accrued expenses
14.7
9.0
40.1
34.3
Amounts payable after more than one year
31 March 31 March
2025 2024
$m $m
Sanmina liability
3.8
\u2013
The Group\u2019s exposure to currency and liquidity risk related to trade and other payables is disclosed in note 24. Trade payables relate to amounts owed to suppliers for goods or services purchased on credit, primarily raw materials and other inventory purchases. Non-trade payables and accrued expenses relate to goods-in-transit and other professional fees. Sanmina liability In March 2025 a payment of $4.0m was made and as at March 2025 a discounted liability of $7.3m has been recognised. The liability was discounted in accordance with IFRS as the liability will be settled over a period of two years and therefore financing is deemed to be an integral component. Interest will be recognised at 8.0% p.a. (totalling $0.7m) on the liability over time. Further details of contingencies regarding the settlement are given in note 26. In the view of the Directors, the additional various triggers are highly unlikely to occur.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-533": { "value": "21. TRADE AND OTHER PAYABLES Amounts payable within one year
31 March 31 March
2025 2024
$m $m
Trade payables
18.9
24.2
Other taxes and social security
3.0
1.1
Sanmina liability
3.5
\u2013
Non-trade payables and accrued expenses
14.7
9.0
40.1
34.3
Amounts payable after more than one year
31 March 31 March
2025 2024
$m $m
Sanmina liability
3.8
\u2013
The Group\u2019s exposure to currency and liquidity risk related to trade and other payables is disclosed in note 24. Trade payables relate to amounts owed to suppliers for goods or services purchased on credit, primarily raw materials and other inventory purchases. Non-trade payables and accrued expenses relate to goods-in-transit and other professional fees. Sanmina liability In March 2025 a payment of $4.0m was made and as at March 2025 a discounted liability of $7.3m has been recognised. The liability was discounted in accordance with IFRS as the liability will be settled over a period of two years and therefore financing is deemed to be an integral component. Interest will be recognised at 8.0% p.a. (totalling $0.7m) on the liability over time. Further details of contingencies regarding the settlement are given in note 26. In the view of the Directors, the additional various triggers are highly unlikely to occur.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-499": { "value": "
22. PROVISIONS
Warranty and Sanmina Lease Onerous
claims litigation restoration contract Total
$m $m $m $m $m
At 1 April 2024
2.2
\u2013
0.6
\u2013
2.8
Provisions made during the year
0.7
23.2
0.5
0.9
25.3
Provisions utilised during the year
\u2013
(6.3)
(0.5)
\u2013
(6.8)
Provisions released during the year
\u2013
(4.7)
\u2013
\u2013
(4.7)
Reclassified to liabilities
\u2013
(11.3)
\u2013
\u2013
(11.3)
Other
\u2013
(0.9)
\u2013
\u2013
(0.9)
Foreign exchange movements
\u2013
\u2013
0.1
\u2013
0.1
Balance at 31 March 2025
2.9
\u2013
0.7
0.9
4.5
The warranty provision relates to sales made over the past nine years. The warranty provision has been estimated based on
historical warranty data with similar products. The Group expects to settle the majority of the liability over the next two to three
years. The onerous contract provision is in relation to the Leotek contract and is expected to be fully used in the next year.
The table below provides a breakdown of the provisions into their short-term and long-term portions:
31 March 31 March
2025 2024
$m $m
Within one year
2.4
1.2
Between one and five years
0.7
1.3
After five years
1.4
0.3
4.5
2.8
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-500": { "value": "
23. BORROWINGS
The Group\u2019s bank facility comprise a revolving credit facility (\u2018RCF\u2019) of $28.8m from HSBC. A balance of $5.2m was repaid
in August 2024 using the proceeds received from the disposal of the Traffic business, after which the facility was reduced by
a corresponding amount from $34.0m to $28.8m. As at 31 March 2025, $25.7m was drawndown (2024: $27.9m).
The facility was extended on 5 June 2025 to 21 July 2027 on the same terms as the original agreement. Aligned with the Group\u2019s
robust commitment to environmental, social, and governance principles, the RCF facility operates as a sustainability-linked loan.
The Group\u2019s bank facility includes security for HSBC by way of fixed and floating charges over all the material companies in
the Group that generate greater than 5% of the turnover, operating profit or net assets of the Group. This was registered at
Companies House on 21 July 2022.
The RCF facility is subject to quarterly covenants encompassing maximum leverage and minimum interest cover. The covenants
for the quarter ending 30 September 2023 were temporarily reset from a leverage ratio maximum target of less than 3x to 4.5x,
and an interest cover minimum target of a maximum 4.0x to 2.5x. The covenants reverted to the original hurdles from the quarter
ending 31 December 2023 onwards.
Due to the historical weak trading performance of the Group, in the final quarter of the financial period ending 31 March 2024
HSBC agreed to reduce the interest rate covenant for the third-quarter of FY2025 (only) to 2.5x. The covenant reverted to the
original level of 4.0x from the quarter ending 31 March 2025 onwards.
In the 12-month period to 31 March 2025 the covenants have been complied with and the outstanding borrowings of $25.7m
have been classified as a non-current liability as at 31 March 2025 in line with the facility expiring in July 2026.
Loans
$m
At 1 January 2023
27.4
Facility drawdown (RCF \u2013 USD)
5.8
Facility repayment (RCF \u2013 USD)
(1.0)
Facility drawdown (RCF \u2013 GBP)
0.4
Facility repayment (RCF \u2013 GBP)
(2.4)
Facility repayment (CLBIL)
(2.5)
Foreign exchange movements
0.2
At 31 March 2024
27.9
Facility drawdown (RCF \u2013 USD)
3.0
Facility repayment (RCF \u2013 USD)
(5.2)
Foreign exchange movements
\u2013
Balance at 31 March 2025
25.7
Amount drawn Amount drawn
down as at down as at
31 March 31 March
Interest rate Maturity 2025 2024
Details of the facilities
p.a.* date $m
$m
$28.8m revolving credit facility
7.33%
July 2026
25.7
27.9
* Indicative rate as at March 2025.
The banking covenants are as follows:
Ratio
Calculation
Covenant
Leverage ratio
Net bank debt/Adjusted EBITDA
<3.0x
Interest cover
Adjusted EBITDA/Interest expense
>4.0x
Interest is based on the Secured Overnight Financing Rate (\u2018SOFR\u2019)/Sterling Overnight Index Average (\u2018SONIA\u2019), depending on
the tranche of debt, plus a margin which varies dependent on the Group\u2019s leverage ratio and a sustainability margin adjustment.
There are three sustainability key performance indicators (\u2018KPIs\u2019), being: reduction in absolute gross tonnes CO
2
e per \u00a31m of
revenue; the percentage of employees who take up a day of paid time to participate in charity days; and reduction in absolute
kilolitres of water usage per \u00a31m of revenue. Margin increases by 0.015% if only one KPI is achieved, by 0.03% if no KPI is met and
decreases by 0.015% if two KPIs achieved and by 0.03% if all three KPIs are met.
Reconciliation of liabilities arising from financing activities
The changes in the Group\u2019s liabilities arising from financing activities can be classified as follows:
Long-term Short-term Lease Sanmina
borrowings borrowings liabilities liability Total
$m $m $m $m $m
Balance at 1 January 2023
\u2013
27.4
13.7
\u2013
41.1
Cash-flows:
\u2013 Repayment
\u2013
(5.9)
(2.9)
\u2013
(8.8)
\u2013 Proceeds
\u2013
6.2
\u2013
\u2013
6.2
Non-cash:
\u2013 Net additions/(disposals)
\u2013
\u2013
(0.6)
\u2013
(0.6)
\u2013 Foreign exchange movements
\u2013
0.2
(0.1)
\u2013
0.1
\u2013 Reclassification
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 1 April 2024
\u2013
27.9
10.1
\u2013
38.0
Cash-flows:
\u2013 Repayment
(5.2)
\u2013
(2.3)
(4.0)
(11.5)
\u2013 Proceeds
3.0
\u2013
\u2013
\u2013
3.0
Non-cash:
\u2013 Net additions/(disposals)
\u2013
\u2013
2.1
11.3
13.4
\u2013 Foreign exchange movements
\u2013
\u2013
0.1
\u2013
0.1
\u2013 Reclassification
27.9
(27.9)
\u2013
\u2013
\u2013
Balance at 31 March 2025
25.7
\u2013
10.0
7.3
43.0
24. FINANCIAL RISK MANAGEMENT
The Group has exposure to credit risk, market risk and liquidity risk from its use of financial instruments.
This note presents information about the Group\u2019s exposure to each of the above risks and the Group\u2019s objectives, policies
and processes for measuring and managing risk. Further quantitative disclosures are included throughout these consolidated
financial statements.
The Board of Directors has overall responsibility for the establishment and oversight of the Group\u2019s risk management framework.
The Group\u2019s risk policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and
controls, and to monitor risks and adherence to limits.
The Audit Committee oversees how management monitors compliance with the Group\u2019s risk management policies and
procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Group.
Credit risk
Trade and other receivables
Credit risk is the risk of financial loss if a customer fails to meet its contractual obligations by not paying the receivables due.
The Group\u2019s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Group does not
have any major customer concentration which reduces risk of significant default.
Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Each new customer
is analysed individually for creditworthiness before the Group\u2019s standard payment conditions and terms are offered. The Group\u2019s
review includes external ratings when available and, in some cases, bank references. Purchase limits are set for customers.
Customers who do not meet the benchmark creditworthiness may transact with the Group only on a prepayment basis.
The Group establishes an allowance for impairment that represents its estimate of expected future losses in respect of trade
and other receivables. Impairment losses are determined having taken into account customer specific circumstances and
financial position, together with Group information about general payment trends and economic factors.
IFRS 9 introduced an expected credit loss (\u2018ECL\u2019) model for calculating impairment of financial assets and the Group has
applied the simplified approach as permitted by IFRS 9. The ECL model considers the Group\u2019s historical credit loss, factors
specific to each receivable, the current economic environment and expected changes in future forecasts. The trade receivables
balance below is shown net of the provision for bad debts. The Group provides against trade receivables based on an ECL
model, calculated from the probability of default for the remaining life of the asset. ECL of financial assets contain a number
of measurement uncertainties relating to management\u2019s view of the expected future cash flows receivable from financial
assets due from customers and the inherent creditworthiness of those customers. Judgement is based on the Group\u2019s past
experience as well as taking into consideration current market and economic conditions, and any factors relating to a specific
customer or sale. Changes in judgements and assumptions could result in a material adjustment to those estimates in future
reporting periods.
Exposure to credit risk
The ageing of trade receivables at the reporting date was:
Gross carrying Expected credit Gross carrying Expected credit
amount loss amount loss
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Not past due
23.9
\u2013
22.7
\u2013
Past due 0\u201330 days
3.0
\u2013
4.4
\u2013
Past due 31\u2013120 days
3.5
(1.8)
0.5
\u2013
Past 121+ days
0.3
(0.3)
\u2013
\u2013
Total
30.7
(2.1)
27.6
\u2013
The allowance in respect of trade receivables is used to record forecast impairment losses unless the Group is satisfied that no
recovery of the amount owing is possible, at which point the amount considered irrecoverable is written off against the financial
asset directly. Other non-trade receivables of $2.2m (2024: $8.3m) have been assessed for credit loss. An impairment of $nil
(2024 :$nil) has been recognised on the basis that the probability of default and subsequent loss given default are not material.
The closing balance of the trade receivables loss allowance as at the period end reconciles with the trade receivables loss
allowance opening balance as follows:
31 March 31 March
2025 2024
$m $m
Loss allowance brought forward
\u2013
\u2013
Loss allowance recognised during the period
(2.1)
\u2013
Loss allowance carried forward
(2.1)
\u2013
Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates, will affect the Group\u2019s
income. The objective of market risk management is to manage and control market risk exposures within acceptable
parameters, while optimising the return.
Interest rate risk
The Group\u2019s policy is to accept exposure to interest rate risk on the Group\u2019s borrowings. Interest is based on the Secured
Overnight Financing Rate (\u2018SOFR\u2019)/Sterling Overnight Index Average (\u2018SONIA\u2019), depending on the tranche of debt, plus a margin
which varies dependent on the Group\u2019s leverage ratio and a sustainability margin adjustment (see note 23).
Please refer to note 23 for details of the Groups borrowings.
Foreign currency risk
Exposure to currency risk arises in the normal course of the Group\u2019s business.
The Group is exposed to foreign currency risk on sales and purchases that are denominated in a currency other than each
subsidiary\u2019s functional currency. The currencies giving rise to risk are primarily the Euro, Canadian dollar and the US dollar.
Where possible the Group uses natural hedging within the Group to hedge the majority of its foreign currency risk.
Natural hedging is the mechanism whereby the cash inflows in a particular currency are matched to the cash outflows in that
currency at the same business or a different Group company. The Group has borrowing facilities in US dollars in order to match
the currency of the Group\u2019s major market. Foreign exchange contracts may be taken out to manage exposures that are not
mitigated through natural hedging but the Group had no foreign exchange contracts at the balance sheet date.
In respect of other monetary assets and liabilities held in currencies other than GBP sterling, the Group ensures that the net
exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates where necessary to address
short-term imbalances.
The functional currency of the parent company, Dialight plc is GBP sterling. The Company holds monetary assets and liabilities
in US dollars, and as such has exposure to foreign currency risk. See note 6 of the Company accounts.
The Group\u2019s exposure to foreign currency risk was as follows:
31 March 31 March 31 March 31 March 31 March 31 March 31 March 31 March
2025 2025 2025 2025 2024 2024 2024 2024
MXN m GBP m CAD m EUR m MXN m GBP m CAD m EUR m
Trade receivables
35.0
0.5
4.2
1.2
12.1
0.3
3.5
0.7
Currency cash
12.5
0.2
0.6
0.5
5.2
4.1
0.2
\u2013
Trade payables
\u2013
\u2013
\u2013
(0.2)
\u2013
(2.0)
\u2013
(0.3)
Total
47.5
0.7
4.8
1.5
17.3
2.4
3.7
0.4
The following significant exchange rates applied during the period:
31 March 31 March
31 March 2025 31 March 2024
2025 At balance 2024 At balance
Average rate sheet date Average rate sheet date
Pound sterling
0.7840
0.7733
0.8010
0.7925
Euro
0.9318
0.9273
0.9240
0.9264
Canadian dollar
1.3911
1.4293
1.3491
1.3540
Mexican peso
19.1539
20.2480
17.5790
16.5558
Liquidity risk
Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities
that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as
possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Group\u2019s reputation.
Exposure to liquidity risk
For non-derivative financial liabilities, the Group\u2019s exposure relates principally to trade and other payables and borrowings.
Trade and other payables arise in the normal course of business and there are no unusual or onerous terms and conditions.
The following are the contractual maturities of financial liabilities, including estimated interest payments and excluding the
impact of netting agreements:
Carrying Contractual 2 months More than
amount cash flow or less 2\u201312 months 1\u20132 years 2\u20135 years 5 years
31 March 2025 $m $m $m $m $m $m $m
Non-derivative financial liabilities
Trade and other payables
(18.9)
(18.9)
(13.8)
(2.7)
(1.8)
(0.6)
\u2013
Sanmina liability
(7.3)
(8.0)
\u2013
(4.0)
(4.0)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
\u2013
\u2013
(25.7)
\u2013
\u2013
Lease liabilities
(10.0)
(11.2)
(0.5)
(2.5)
(2.8)
(5.3)
(0.1)
(61.9)
(63.8)
(14.3)
(9.2)
(34.3)
(5.9)
(0.1)
Carrying Contractual 2 months More than
amount cash flow or less 2\u201312 months 1\u20132 years 2\u20135 years 5 years
31 March 2024 $m $m $m $m $m $m $m
Non-derivative financial liabilities
Trade and other payables
(21.3)
(21.3)
(14.5)
(2.0)
(0.9)
(3.9)
\u2013
Borrowings
(27.9)
(27.9)
\u2013
\u2013
\u2013
(27.9)
\u2013
Lease liabilities
(10.1)
(11.3)
(0.4)
(2.0)
(2.3)
(6.4)
(0.2)
(59.3)
(60.5)
(14.9)
(4.0)
(3.2)
(38.2)
(0.2)
Capital management
The Board\u2019s policy is to maintain a strong capital base in order to maintain investor, creditor and market confidence and to
sustain future development of the business. The Board considers consolidated total equity as capital. As at 31 March 2025,
this totalled $47.3m (2024: $63.9m).
The Board is not proposing a final dividend for the period ending 31 March 2025. The Group has a clear capital allocation
discipline and is committed to returning any excess funds to our shareholders via either a future dividend or a share re-purchase.
Sensitivity analysis
In managing interest rate and currency risks the Group aims to reduce the impact of short-term fluctuations on the Group\u2019s
earnings. Over the longer term, however, permanent changes, in particular in foreign exchange rates, would have an impact
on equity value and consolidation earnings.
At 31 March 2025, it is estimated that a change of 5% in the value of the GBP sterling and the Euro against US dollar would
impact operating profit for the period ended 31 March 2025 by approximately $0.4m.
At 31 March 2025, it is estimated that a 1% increase in SOFR/SONIA would lead to approximately an $0.26m change in the
annual interest expense.
Fair values versus carrying amounts
The fair values of financial assets and liabilities, together with the carrying amounts shown in the balance sheet, are as follows:
Carrying Carrying
amount Fair value amount Fair value
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Financial assets
Cash and cash equivalents
7.9
7.9
11.5
11.5
Loans and receivables
Trade and other receivables
31.7
31.7
29.0
29.0
Total financial assets
39.6
39.6
40.5
40.5
Financial liabilities
Trade and other payables
(33.6)
(33.6)
(32.9)
(32.9)
Sanmina liability
(7.3)
(7.3)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
(27.9)
(27.9)
Lease liabilities
(10.0)
(10.0)
(10.1)
(10.1)
Total financial liabilities
(76.6)
(76.6)
(70.9)
(70.9)
Details of the major methods and assumptions used in estimating the fair values of financial instruments reflected in the table
are set out in note 4(w).
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-556": { "value": "23. BORROWINGS The Group\u2019s bank facility comprise a revolving credit facility (\u2018RCF\u2019) of $28.8m from HSBC. A balance of $5.2m was repaid in August 2024 using the proceeds received from the disposal of the Traffic business, after which the facility was reduced by a corresponding amount from $34.0m to $28.8m. As at 31 March 2025, $25.7m was drawndown (2024: $27.9m). The facility was extended on 5 June 2025 to 21 July 2027 on the same terms as the original agreement. Aligned with the Group\u2019s robust commitment to environmental, social, and governance principles, the RCF facility operates as a sustainability-linked loan. The Group\u2019s bank facility includes security for HSBC by way of fixed and floating charges over all the material companies in the Group that generate greater than 5% of the turnover, operating profit or net assets of the Group. This was registered at Companies House on 21 July 2022. The RCF facility is subject to quarterly covenants encompassing maximum leverage and minimum interest cover. The covenants for the quarter ending 30 September 2023 were temporarily reset from a leverage ratio maximum target of less than 3x to 4.5x, and an interest cover minimum target of a maximum 4.0x to 2.5x. The covenants reverted to the original hurdles from the quarter ending 31 December 2023 onwards. Due to the historical weak trading performance of the Group, in the final quarter of the financial period ending 31 March 2024 HSBC agreed to reduce the interest rate covenant for the third-quarter of FY2025 (only) to 2.5x. The covenant reverted to the original level of 4.0x from the quarter ending 31 March 2025 onwards. In the 12-month period to 31 March 2025 the covenants have been complied with and the outstanding borrowings of $25.7m have been classified as a non-current liability as at 31 March 2025 in line with the facility expiring in July 2026.
Loans
$m
At 1 January 2023
27.4
Facility drawdown (RCF \u2013 USD)
5.8
Facility repayment (RCF \u2013 USD)
(1.0)
Facility drawdown (RCF \u2013 GBP)
0.4
Facility repayment (RCF \u2013 GBP)
(2.4)
Facility repayment (CLBIL)
(2.5)
Foreign exchange movements
0.2
At 31 March 2024
27.9
Facility drawdown (RCF \u2013 USD)
3.0
Facility repayment (RCF \u2013 USD)
(5.2)
Foreign exchange movements
\u2013
Balance at 31 March 2025
25.7
Amount drawn Amount drawn
down as at down as at
31 March 31 March
Interest rate Maturity 2025 2024
Details of the facilities
p.a.* date $m
$m
$28.8m revolving credit facility
7.33%
July 2026
25.7
27.9
* Indicative rate as at March 2025. The banking covenants are as follows:
Ratio
Calculation
Covenant
Leverage ratio
Net bank debt/Adjusted EBITDA
<3.0x
Interest cover
Adjusted EBITDA/Interest expense
>4.0x
Interest is based on the Secured Overnight Financing Rate (\u2018SOFR\u2019)/Sterling Overnight Index Average (\u2018SONIA\u2019), depending on the tranche of debt, plus a margin which varies dependent on the Group\u2019s leverage ratio and a sustainability margin adjustment. There are three sustainability key performance indicators (\u2018KPIs\u2019), being: reduction in absolute gross tonnes CO2 e per \u00a31m of revenue; the percentage of employees who take up a day of paid time to participate in charity days; and reduction in absolute kilolitres of water usage per \u00a31m of revenue. Margin increases by 0.015% if only one KPI is achieved, by 0.03% if no KPI is met and decreases by 0.015% if two KPIs achieved and by 0.03% if all three KPIs are met. Reconciliation of liabilities arising from financing activities The changes in the Group\u2019s liabilities arising from financing activities can be classified as follows:
Long-term Short-term Lease Sanmina
borrowings borrowings liabilities liability Total
$m $m $m $m $m
Balance at 1 January 2023
\u2013
27.4
13.7
\u2013
41.1
Cash-flows:
\u2013 Repayment
\u2013
(5.9)
(2.9)
\u2013
(8.8)
\u2013 Proceeds
\u2013
6.2
\u2013
\u2013
6.2
Non-cash:
\u2013 Net additions/(disposals)
\u2013
\u2013
(0.6)
\u2013
(0.6)
\u2013 Foreign exchange movements
\u2013
0.2
(0.1)
\u2013
0.1
\u2013 Reclassification
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 1 April 2024
\u2013
27.9
10.1
\u2013
38.0
Cash-flows:
\u2013 Repayment
(5.2)
\u2013
(2.3)
(4.0)
(11.5)
\u2013 Proceeds
3.0
\u2013
\u2013
\u2013
3.0
Non-cash:
\u2013 Net additions/(disposals)
\u2013
\u2013
2.1
11.3
13.4
\u2013 Foreign exchange movements
\u2013
\u2013
0.1
\u2013
0.1
\u2013 Reclassification
27.9
(27.9)
\u2013
\u2013
\u2013
Balance at 31 March 2025
25.7
\u2013
10.0
7.3
43.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-534": { "value": "23. BORROWINGS The Group\u2019s bank facility comprise a revolving credit facility (\u2018RCF\u2019) of $28.8m from HSBC. A balance of $5.2m was repaid in August 2024 using the proceeds received from the disposal of the Traffic business, after which the facility was reduced by a corresponding amount from $34.0m to $28.8m. As at 31 March 2025, $25.7m was drawndown (2024: $27.9m). The facility was extended on 5 June 2025 to 21 July 2027 on the same terms as the original agreement. Aligned with the Group\u2019s robust commitment to environmental, social, and governance principles, the RCF facility operates as a sustainability-linked loan. The Group\u2019s bank facility includes security for HSBC by way of fixed and floating charges over all the material companies in the Group that generate greater than 5% of the turnover, operating profit or net assets of the Group. This was registered at Companies House on 21 July 2022. The RCF facility is subject to quarterly covenants encompassing maximum leverage and minimum interest cover. The covenants for the quarter ending 30 September 2023 were temporarily reset from a leverage ratio maximum target of less than 3x to 4.5x, and an interest cover minimum target of a maximum 4.0x to 2.5x. The covenants reverted to the original hurdles from the quarter ending 31 December 2023 onwards. Due to the historical weak trading performance of the Group, in the final quarter of the financial period ending 31 March 2024 HSBC agreed to reduce the interest rate covenant for the third-quarter of FY2025 (only) to 2.5x. The covenant reverted to the original level of 4.0x from the quarter ending 31 March 2025 onwards. In the 12-month period to 31 March 2025 the covenants have been complied with and the outstanding borrowings of $25.7m have been classified as a non-current liability as at 31 March 2025 in line with the facility expiring in July 2026.
Loans
$m
At 1 January 2023
27.4
Facility drawdown (RCF \u2013 USD)
5.8
Facility repayment (RCF \u2013 USD)
(1.0)
Facility drawdown (RCF \u2013 GBP)
0.4
Facility repayment (RCF \u2013 GBP)
(2.4)
Facility repayment (CLBIL)
(2.5)
Foreign exchange movements
0.2
At 31 March 2024
27.9
Facility drawdown (RCF \u2013 USD)
3.0
Facility repayment (RCF \u2013 USD)
(5.2)
Foreign exchange movements
\u2013
Balance at 31 March 2025
25.7
Amount drawn Amount drawn
down as at down as at
31 March 31 March
Interest rate Maturity 2025 2024
Details of the facilities
p.a.* date $m
$m
$28.8m revolving credit facility
7.33%
July 2026
25.7
27.9
* Indicative rate as at March 2025. The banking covenants are as follows:
Ratio
Calculation
Covenant
Leverage ratio
Net bank debt/Adjusted EBITDA
<3.0x
Interest cover
Adjusted EBITDA/Interest expense
>4.0x
Interest is based on the Secured Overnight Financing Rate (\u2018SOFR\u2019)/Sterling Overnight Index Average (\u2018SONIA\u2019), depending on the tranche of debt, plus a margin which varies dependent on the Group\u2019s leverage ratio and a sustainability margin adjustment. There are three sustainability key performance indicators (\u2018KPIs\u2019), being: reduction in absolute gross tonnes CO2 e per \u00a31m of revenue; the percentage of employees who take up a day of paid time to participate in charity days; and reduction in absolute kilolitres of water usage per \u00a31m of revenue. Margin increases by 0.015% if only one KPI is achieved, by 0.03% if no KPI is met and decreases by 0.015% if two KPIs achieved and by 0.03% if all three KPIs are met. Reconciliation of liabilities arising from financing activities The changes in the Group\u2019s liabilities arising from financing activities can be classified as follows:
Long-term Short-term Lease Sanmina
borrowings borrowings liabilities liability Total
$m $m $m $m $m
Balance at 1 January 2023
\u2013
27.4
13.7
\u2013
41.1
Cash-flows:
\u2013 Repayment
\u2013
(5.9)
(2.9)
\u2013
(8.8)
\u2013 Proceeds
\u2013
6.2
\u2013
\u2013
6.2
Non-cash:
\u2013 Net additions/(disposals)
\u2013
\u2013
(0.6)
\u2013
(0.6)
\u2013 Foreign exchange movements
\u2013
0.2
(0.1)
\u2013
0.1
\u2013 Reclassification
\u2013
\u2013
\u2013
\u2013
\u2013
Balance at 1 April 2024
\u2013
27.9
10.1
\u2013
38.0
Cash-flows:
\u2013 Repayment
(5.2)
\u2013
(2.3)
(4.0)
(11.5)
\u2013 Proceeds
3.0
\u2013
\u2013
\u2013
3.0
Non-cash:
\u2013 Net additions/(disposals)
\u2013
\u2013
2.1
11.3
13.4
\u2013 Foreign exchange movements
\u2013
\u2013
0.1
\u2013
0.1
\u2013 Reclassification
27.9
(27.9)
\u2013
\u2013
\u2013
Balance at 31 March 2025
25.7
\u2013
10.0
7.3
43.0
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-535": { "value": "24. FINANCIAL RISK MANAGEMENT The Group has exposure to credit risk, market risk and liquidity risk from its use of financial instruments. This note presents information about the Group\u2019s exposure to each of the above risks and the Group\u2019s objectives, policies and processes for measuring and managing risk. Further quantitative disclosures are included throughout these consolidated financial statements. The Board of Directors has overall responsibility for the establishment and oversight of the Group\u2019s risk management framework. The Group\u2019s risk policies are established to identify and analyse the risks faced by the Group, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. The Audit Committee oversees how management monitors compliance with the Group\u2019s risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Group. Credit risk Trade and other receivables Credit risk is the risk of financial loss if a customer fails to meet its contractual obligations by not paying the receivables due. The Group\u2019s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Group does not have any major customer concentration which reduces risk of significant default. Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Each new customer is analysed individually for creditworthiness before the Group\u2019s standard payment conditions and terms are offered. The Group\u2019s review includes external ratings when available and, in some cases, bank references. Purchase limits are set for customers. Customers who do not meet the benchmark creditworthiness may transact with the Group only on a prepayment basis. The Group establishes an allowance for impairment that represents its estimate of expected future losses in respect of trade and other receivables. Impairment losses are determined having taken into account customer specific circumstances and financial position, together with Group information about general payment trends and economic factors. IFRS 9 introduced an expected credit loss (\u2018ECL\u2019) model for calculating impairment of financial assets and the Group has applied the simplified approach as permitted by IFRS 9. The ECL model considers the Group\u2019s historical credit loss, factors specific to each receivable, the current economic environment and expected changes in future forecasts. The trade receivables balance below is shown net of the provision for bad debts. The Group provides against trade receivables based on an ECL model, calculated from the probability of default for the remaining life of the asset. ECL of financial assets contain a number of measurement uncertainties relating to management\u2019s view of the expected future cash flows receivable from financial assets due from customers and the inherent creditworthiness of those customers. Judgement is based on the Group\u2019s past experience as well as taking into consideration current market and economic conditions, and any factors relating to a specific customer or sale. Changes in judgements and assumptions could result in a material adjustment to those estimates in future reporting periods. Exposure to credit risk The ageing of trade receivables at the reporting date was:
Gross carrying Expected credit Gross carrying Expected credit
amount loss amount loss
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Not past due
23.9
\u2013
22.7
\u2013
Past due 0\u201330 days
3.0
\u2013
4.4
\u2013
Past due 31\u2013120 days
3.5
(1.8)
0.5
\u2013
Past 121+ days
0.3
(0.3)
\u2013
\u2013
Total
30.7
(2.1)
27.6
\u2013
The allowance in respect of trade receivables is used to record forecast impairment losses unless the Group is satisfied that no recovery of the amount owing is possible, at which point the amount considered irrecoverable is written off against the financial asset directly. Other non-trade receivables of $2.2m (2024: $8.3m) have been assessed for credit loss. An impairment of $nil (2024 :$nil) has been recognised on the basis that the probability of default and subsequent loss given default are not material. The closing balance of the trade receivables loss allowance as at the period end reconciles with the trade receivables loss allowance opening balance as follows:
31 March 31 March
2025 2024
$m $m
Loss allowance brought forward
\u2013
\u2013
Loss allowance recognised during the period
(2.1)
\u2013
Loss allowance carried forward
(2.1)
\u2013
Market risk Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates, will affect the Group\u2019s income. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. Interest rate risk The Group\u2019s policy is to accept exposure to interest rate risk on the Group\u2019s borrowings. Interest is based on the Secured Overnight Financing Rate (\u2018SOFR\u2019)/Sterling Overnight Index Average (\u2018SONIA\u2019), depending on the tranche of debt, plus a margin which varies dependent on the Group\u2019s leverage ratio and a sustainability margin adjustment (see note 23). Please refer to note 23 for details of the Groups borrowings. Foreign currency risk Exposure to currency risk arises in the normal course of the Group\u2019s business. The Group is exposed to foreign currency risk on sales and purchases that are denominated in a currency other than each subsidiary\u2019s functional currency. The currencies giving rise to risk are primarily the Euro, Canadian dollar and the US dollar. Where possible the Group uses natural hedging within the Group to hedge the majority of its foreign currency risk. Natural hedging is the mechanism whereby the cash inflows in a particular currency are matched to the cash outflows in that currency at the same business or a different Group company. The Group has borrowing facilities in US dollars in order to match the currency of the Group\u2019s major market. Foreign exchange contracts may be taken out to manage exposures that are not mitigated through natural hedging but the Group had no foreign exchange contracts at the balance sheet date. In respect of other monetary assets and liabilities held in currencies other than GBP sterling, the Group ensures that the net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates where necessary to address short-term imbalances. The functional currency of the parent company, Dialight plc is GBP sterling. The Company holds monetary assets and liabilities in US dollars, and as such has exposure to foreign currency risk. See note 6 of the Company accounts. The Group\u2019s exposure to foreign currency risk was as follows:
31 March 31 March 31 March 31 March 31 March 31 March 31 March 31 March
2025 2025 2025 2025 2024 2024 2024 2024
MXN m GBP m CAD m EUR m MXN m GBP m CAD m EUR m
Trade receivables
35.0
0.5
4.2
1.2
12.1
0.3
3.5
0.7
Currency cash
12.5
0.2
0.6
0.5
5.2
4.1
0.2
\u2013
Trade payables
\u2013
\u2013
\u2013
(0.2)
\u2013
(2.0)
\u2013
(0.3)
Total
47.5
0.7
4.8
1.5
17.3
2.4
3.7
0.4
The following significant exchange rates applied during the period:
31 March 31 March
31 March 2025 31 March 2024
2025 At balance 2024 At balance
Average rate sheet date Average rate sheet date
Pound sterling
0.7840
0.7733
0.8010
0.7925
Euro
0.9318
0.9273
0.9240
0.9264
Canadian dollar
1.3911
1.4293
1.3491
1.3540
Mexican peso
19.1539
20.2480
17.5790
16.5558
Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group\u2019s reputation. Exposure to liquidity risk For non-derivative financial liabilities, the Group\u2019s exposure relates principally to trade and other payables and borrowings. Trade and other payables arise in the normal course of business and there are no unusual or onerous terms and conditions. The following are the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements:
Carrying Contractual 2 months More than
amount cash flow or less 2\u201312 months 1\u20132 years 2\u20135 years 5 years
31 March 2025 $m $m $m $m $m $m $m
Non-derivative financial liabilities
Trade and other payables
(18.9)
(18.9)
(13.8)
(2.7)
(1.8)
(0.6)
\u2013
Sanmina liability
(7.3)
(8.0)
\u2013
(4.0)
(4.0)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
\u2013
\u2013
(25.7)
\u2013
\u2013
Lease liabilities
(10.0)
(11.2)
(0.5)
(2.5)
(2.8)
(5.3)
(0.1)
(61.9)
(63.8)
(14.3)
(9.2)
(34.3)
(5.9)
(0.1)
Carrying Contractual 2 months More than
amount cash flow or less 2\u201312 months 1\u20132 years 2\u20135 years 5 years
31 March 2024 $m $m $m $m $m $m $m
Non-derivative financial liabilities
Trade and other payables
(21.3)
(21.3)
(14.5)
(2.0)
(0.9)
(3.9)
\u2013
Borrowings
(27.9)
(27.9)
\u2013
\u2013
\u2013
(27.9)
\u2013
Lease liabilities
(10.1)
(11.3)
(0.4)
(2.0)
(2.3)
(6.4)
(0.2)
(59.3)
(60.5)
(14.9)
(4.0)
(3.2)
(38.2)
(0.2)
Capital management The Board\u2019s policy is to maintain a strong capital base in order to maintain investor, creditor and market confidence and to sustain future development of the business. The Board considers consolidated total equity as capital. As at 31 March 2025, this totalled $47.3m (2024: $63.9m). The Board is not proposing a final dividend for the period ending 31 March 2025. The Group has a clear capital allocation discipline and is committed to returning any excess funds to our shareholders via either a future dividend or a share re-purchase. Sensitivity analysis In managing interest rate and currency risks the Group aims to reduce the impact of short-term fluctuations on the Group\u2019s earnings. Over the longer term, however, permanent changes, in particular in foreign exchange rates, would have an impact on equity value and consolidation earnings. At 31 March 2025, it is estimated that a change of 5% in the value of the GBP sterling and the Euro against US dollar would impact operating profit for the period ended 31 March 2025 by approximately $0.4m. At 31 March 2025, it is estimated that a 1% increase in SOFR/SONIA would lead to approximately an $0.26m change in the annual interest expense. Fair values versus carrying amounts The fair values of financial assets and liabilities, together with the carrying amounts shown in the balance sheet, are as follows:
Carrying Carrying
amount Fair value amount Fair value
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Financial assets
Cash and cash equivalents
7.9
7.9
11.5
11.5
Loans and receivables
Trade and other receivables
31.7
31.7
29.0
29.0
Total financial assets
39.6
39.6
40.5
40.5
Financial liabilities
Trade and other payables
(33.6)
(33.6)
(32.9)
(32.9)
Sanmina liability
(7.3)
(7.3)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
(27.9)
(27.9)
Lease liabilities
(10.0)
(10.0)
(10.1)
(10.1)
Total financial liabilities
(76.6)
(76.6)
(70.9)
(70.9)
Details of the major methods and assumptions used in estimating the fair values of financial instruments reflected in the table are set out in note 4(w).", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-557": { "value": "Credit risk Trade and other receivables Credit risk is the risk of financial loss if a customer fails to meet its contractual obligations by not paying the receivables due. The Group\u2019s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Group does not have any major customer concentration which reduces risk of significant default. Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Each new customer is analysed individually for creditworthiness before the Group\u2019s standard payment conditions and terms are offered. The Group\u2019s review includes external ratings when available and, in some cases, bank references. Purchase limits are set for customers. Customers who do not meet the benchmark creditworthiness may transact with the Group only on a prepayment basis. The Group establishes an allowance for impairment that represents its estimate of expected future losses in respect of trade and other receivables. Impairment losses are determined having taken into account customer specific circumstances and financial position, together with Group information about general payment trends and economic factors. IFRS 9 introduced an expected credit loss (\u2018ECL\u2019) model for calculating impairment of financial assets and the Group has applied the simplified approach as permitted by IFRS 9. The ECL model considers the Group\u2019s historical credit loss, factors specific to each receivable, the current economic environment and expected changes in future forecasts. The trade receivables balance below is shown net of the provision for bad debts. The Group provides against trade receivables based on an ECL model, calculated from the probability of default for the remaining life of the asset. ECL of financial assets contain a number of measurement uncertainties relating to management\u2019s view of the expected future cash flows receivable from financial assets due from customers and the inherent creditworthiness of those customers. Judgement is based on the Group\u2019s past experience as well as taking into consideration current market and economic conditions, and any factors relating to a specific customer or sale. Changes in judgements and assumptions could result in a material adjustment to those estimates in future reporting periods. Exposure to credit risk The ageing of trade receivables at the reporting date was:
Gross carrying Expected credit Gross carrying Expected credit
amount loss amount loss
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Not past due
23.9
\u2013
22.7
\u2013
Past due 0\u201330 days
3.0
\u2013
4.4
\u2013
Past due 31\u2013120 days
3.5
(1.8)
0.5
\u2013
Past 121+ days
0.3
(0.3)
\u2013
\u2013
Total
30.7
(2.1)
27.6
\u2013
The allowance in respect of trade receivables is used to record forecast impairment losses unless the Group is satisfied that no recovery of the amount owing is possible, at which point the amount considered irrecoverable is written off against the financial asset directly. Other non-trade receivables of $2.2m (2024: $8.3m) have been assessed for credit loss. An impairment of $nil (2024 :$nil) has been recognised on the basis that the probability of default and subsequent loss given default are not material. The closing balance of the trade receivables loss allowance as at the period end reconciles with the trade receivables loss allowance opening balance as follows:
31 March 31 March
2025 2024
$m $m
Loss allowance brought forward
\u2013
\u2013
Loss allowance recognised during the period
(2.1)
\u2013
Loss allowance carried forward
(2.1)
\u2013
The Group\u2019s exposure to foreign currency risk was as follows:
31 March 31 March 31 March 31 March 31 March 31 March 31 March 31 March
2025 2025 2025 2025 2024 2024 2024 2024
MXN m GBP m CAD m EUR m MXN m GBP m CAD m EUR m
Trade receivables
35.0
0.5
4.2
1.2
12.1
0.3
3.5
0.7
Currency cash
12.5
0.2
0.6
0.5
5.2
4.1
0.2
\u2013
Trade payables
\u2013
\u2013
\u2013
(0.2)
\u2013
(2.0)
\u2013
(0.3)
Total
47.5
0.7
4.8
1.5
17.3
2.4
3.7
0.4
The following significant exchange rates applied during the period:
31 March 31 March
31 March 2025 31 March 2024
2025 At balance 2024 At balance
Average rate sheet date Average rate sheet date
Pound sterling
0.7840
0.7733
0.8010
0.7925
Euro
0.9318
0.9273
0.9240
0.9264
Canadian dollar
1.3911
1.4293
1.3491
1.3540
Mexican peso
19.1539
20.2480
17.5790
16.5558
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-558": { "value": "Market risk Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates, will affect the Group\u2019s income. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. Interest rate risk The Group\u2019s policy is to accept exposure to interest rate risk on the Group\u2019s borrowings. Interest is based on the Secured Overnight Financing Rate (\u2018SOFR\u2019)/Sterling Overnight Index Average (\u2018SONIA\u2019), depending on the tranche of debt, plus a margin which varies dependent on the Group\u2019s leverage ratio and a sustainability margin adjustment (see note 23). Please refer to note 23 for details of the Groups borrowings. Foreign currency risk Exposure to currency risk arises in the normal course of the Group\u2019s business. The Group is exposed to foreign currency risk on sales and purchases that are denominated in a currency other than each subsidiary\u2019s functional currency. The currencies giving rise to risk are primarily the Euro, Canadian dollar and the US dollar. Where possible the Group uses natural hedging within the Group to hedge the majority of its foreign currency risk. Natural hedging is the mechanism whereby the cash inflows in a particular currency are matched to the cash outflows in that currency at the same business or a different Group company. The Group has borrowing facilities in US dollars in order to match the currency of the Group\u2019s major market. Foreign exchange contracts may be taken out to manage exposures that are not mitigated through natural hedging but the Group had no foreign exchange contracts at the balance sheet date. In respect of other monetary assets and liabilities held in currencies other than GBP sterling, the Group ensures that the net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates where necessary to address short-term imbalances. The functional currency of the parent company, Dialight plc is GBP sterling. The Company holds monetary assets and liabilities in US dollars, and as such has exposure to foreign currency risk. See note 6 of the Company accounts. Sensitivity analysis In managing interest rate and currency risks the Group aims to reduce the impact of short-term fluctuations on the Group\u2019s earnings. Over the longer term, however, permanent changes, in particular in foreign exchange rates, would have an impact on equity value and consolidation earnings. At 31 March 2025, it is estimated that a change of 5% in the value of the GBP sterling and the Euro against US dollar would impact operating profit for the period ended 31 March 2025 by approximately $0.4m. At 31 March 2025, it is estimated that a 1% increase in SOFR/SONIA would lead to approximately an $0.26m change in the annual interest expense. ", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-559": { "value": "Liquidity risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group\u2019s reputation. Exposure to liquidity risk For non-derivative financial liabilities, the Group\u2019s exposure relates principally to trade and other payables and borrowings. Trade and other payables arise in the normal course of business and there are no unusual or onerous terms and conditions. The following are the contractual maturities of financial liabilities, including estimated interest payments and excluding the impact of netting agreements:
Carrying Contractual 2 months More than
amount cash flow or less 2\u201312 months 1\u20132 years 2\u20135 years 5 years
31 March 2025 $m $m $m $m $m $m $m
Non-derivative financial liabilities
Trade and other payables
(18.9)
(18.9)
(13.8)
(2.7)
(1.8)
(0.6)
\u2013
Sanmina liability
(7.3)
(8.0)
\u2013
(4.0)
(4.0)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
\u2013
\u2013
(25.7)
\u2013
\u2013
Lease liabilities
(10.0)
(11.2)
(0.5)
(2.5)
(2.8)
(5.3)
(0.1)
(61.9)
(63.8)
(14.3)
(9.2)
(34.3)
(5.9)
(0.1)
Carrying Contractual 2 months More than
amount cash flow or less 2\u201312 months 1\u20132 years 2\u20135 years 5 years
31 March 2024 $m $m $m $m $m $m $m
Non-derivative financial liabilities
Trade and other payables
(21.3)
(21.3)
(14.5)
(2.0)
(0.9)
(3.9)
\u2013
Borrowings
(27.9)
(27.9)
\u2013
\u2013
\u2013
(27.9)
\u2013
Lease liabilities
(10.1)
(11.3)
(0.4)
(2.0)
(2.3)
(6.4)
(0.2)
(59.3)
(60.5)
(14.9)
(4.0)
(3.2)
(38.2)
(0.2)
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-560": { "value": "Capital management The Board\u2019s policy is to maintain a strong capital base in order to maintain investor, creditor and market confidence and to sustain future development of the business. The Board considers consolidated total equity as capital. As at 31 March 2025, this totalled $47.3m (2024: $63.9m). The Board is not proposing a final dividend for the period ending 31 March 2025. The Group has a clear capital allocation discipline and is committed to returning any excess funds to our shareholders via either a future dividend or a share re-purchase. ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-567": { "value": "Sensitivity analysis In managing interest rate and currency risks the Group aims to reduce the impact of short-term fluctuations on the Group\u2019s earnings. Over the longer term, however, permanent changes, in particular in foreign exchange rates, would have an impact on equity value and consolidation earnings. At 31 March 2025, it is estimated that a change of 5% in the value of the GBP sterling and the Euro against US dollar would impact operating profit for the period ended 31 March 2025 by approximately $0.4m. At 31 March 2025, it is estimated that a 1% increase in SOFR/SONIA would lead to approximately an $0.26m change in the annual interest expense. ", "dimensions": { "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-566": { "value": "Fair values versus carrying amounts The fair values of financial assets and liabilities, together with the carrying amounts shown in the balance sheet, are as follows:
Carrying Carrying
amount Fair value amount Fair value
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Financial assets
Cash and cash equivalents
7.9
7.9
11.5
11.5
Loans and receivables
Trade and other receivables
31.7
31.7
29.0
29.0
Total financial assets
39.6
39.6
40.5
40.5
Financial liabilities
Trade and other payables
(33.6)
(33.6)
(32.9)
(32.9)
Sanmina liability
(7.3)
(7.3)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
(27.9)
(27.9)
Lease liabilities
(10.0)
(10.0)
(10.1)
(10.1)
Total financial liabilities
(76.6)
(76.6)
(70.9)
(70.9)
Details of the major methods and assumptions used in estimating the fair values of financial instruments reflected in the table are set out in note 4(w).", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-561": { "value": "Fair values versus carrying amounts The fair values of financial assets and liabilities, together with the carrying amounts shown in the balance sheet, are as follows:
Carrying Carrying
amount Fair value amount Fair value
31 March 31 March 31 March 31 March
2025 2025 2024 2024
$m $m $m $m
Financial assets
Cash and cash equivalents
7.9
7.9
11.5
11.5
Loans and receivables
Trade and other receivables
31.7
31.7
29.0
29.0
Total financial assets
39.6
39.6
40.5
40.5
Financial liabilities
Trade and other payables
(33.6)
(33.6)
(32.9)
(32.9)
Sanmina liability
(7.3)
(7.3)
\u2013
\u2013
Borrowings
(25.7)
(25.7)
(27.9)
(27.9)
Lease liabilities
(10.0)
(10.0)
(10.1)
(10.1)
Total financial liabilities
(76.6)
(76.6)
(70.9)
(70.9)
Details of the major methods and assumptions used in estimating the fair values of financial instruments reflected in the table are set out in note 4(w).", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-536": { "value": "
25. CAPITAL COMMITMENTS
Capital commitments at the balance sheet date for which no provision has been made in the accounts were:
31 March 31 March
2025 2024
$m $m
Contracted
2.3
2.5
Capital commitments relate to planned capacity improvements, factory improvements and end-of-life asset replacement.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-501": { "value": "25. CAPITAL COMMITMENTS Capital commitments at the balance sheet date for which no provision has been made in the accounts were:
31 March 31 March
2025 2024
$m $m
Contracted
2.3
2.5
Capital commitments relate to planned capacity improvements, factory improvements and end-of-life asset replacement.
26. CONTINGENCIES
Sanmina litigation
On 31 March 2025, the Group settled its long-standing litigation with Sanmina for $12.0m to be paid by instalments. This required
payment of $4.0m on 31 March 2025 and eight quarterly payments of $1.0m per quarter with the final payment due on 27 March 2027.
The amount of any outstanding deferred instalments will be automatically increased from $1.0m to $1.5m if Dialight\u2019s market
capitalisation exceeds \u00a3100m for 30 consecutive days, subject to the total cumulative instalment payments not exceeding $8.0m.
If these quarterly instalments are not paid on time, or within with a forty-five cure per period, Sanmina has filed with the UK court
a Stipulation (\u2018Stipulation\u2019) for Entry of Judgement of $22.0m less the cumulative value of payments already made. There are in
addition various triggers, which the Directors believe to be highly unlikely to be triggered, that can activate the Stipulation.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-562": { "value": "26. CONTINGENCIES Sanmina litigation On 31 March 2025, the Group settled its long-standing litigation with Sanmina for $12.0m to be paid by instalments. This required payment of $4.0m on 31 March 2025 and eight quarterly payments of $1.0m per quarter with the final payment due on 27 March 2027. The amount of any outstanding deferred instalments will be automatically increased from $1.0m to $1.5m if Dialight\u2019s market capitalisation exceeds \u00a3100m for 30 consecutive days, subject to the total cumulative instalment payments not exceeding $8.0m. If these quarterly instalments are not paid on time, or within with a forty-five cure per period, Sanmina has filed with the UK court a Stipulation (\u2018Stipulation\u2019) for Entry of Judgement of $22.0m less the cumulative value of payments already made. There are in addition various triggers, which the Directors believe to be highly unlikely to be triggered, that can activate the Stipulation. ", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-537": { "value": "26. CONTINGENCIES Sanmina litigation On 31 March 2025, the Group settled its long-standing litigation with Sanmina for $12.0m to be paid by instalments. This required payment of $4.0m on 31 March 2025 and eight quarterly payments of $1.0m per quarter with the final payment due on 27 March 2027. The amount of any outstanding deferred instalments will be automatically increased from $1.0m to $1.5m if Dialight\u2019s market capitalisation exceeds \u00a3100m for 30 consecutive days, subject to the total cumulative instalment payments not exceeding $8.0m. If these quarterly instalments are not paid on time, or within with a forty-five cure per period, Sanmina has filed with the UK court a Stipulation (\u2018Stipulation\u2019) for Entry of Judgement of $22.0m less the cumulative value of payments already made. There are in addition various triggers, which the Directors believe to be highly unlikely to be triggered, that can activate the Stipulation. ", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-502": { "value": "
27. RECONCILIATION TO NON-GAAP PERFORMANCE MEASURES
Certain financial information set out in the consolidated year end financial statements and annual report is not defined under
International Financial Reporting Standards (\u2018IFRS\u2019). These key Alternative Performance Measures (\u2018APMs\u2019) represent additional
measures in assessing performance and for reporting both internally and to shareholders and other external users. The Group
believes that the presentation of these APMs provides useful supplemental information which, when viewed in conjunction with
IFRS financial information, provides readers with a more meaningful understanding of the underlying financial and operating
performance of the Group.
None of these APMs should be considered as an alternative to financial measures drawn up in accordance with IFRS.
15-month comparatives
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Revenue: 3-month period from January 2023 to March 2023
\u2013
43.9
Revenue: 12-month period from April to March
183.5
182.1
Revenue
183.5
226.0
Gross profit: 3-month period from January 2023 to March 2023
\u2013
12.7
Gross profit: 12-month period from April to March
66.5
54.4
Gross profit
66.5
67.1
Underlying gross profit: 3-month period from January 2023 to March 2023
\u2013
12.7
Underlying gross profit: 12-month period from April to March
65.3
57.4
Underlying gross profit
65.3
70.1
Loss from operating activities: 3-month period from January 2023 to March 2023
\u2013
(2.8)
Loss from operating activities: 12-month period from April to March
(11.6)
(27.4)
Loss from operating activities
(11.6)
(30.2)
Underlying profit/(loss) from operating activities: 3-month period from January 2023 to March 2023
\u2013
(2.7)
Underlying profit/(loss) from operating activities: 12-month period from April to March
4.2
(1.9)
Underlying profit/(loss) from operating activities
4.2
(4.6)
Non-underlying items: 3-month period from January 2023 to March 2023
\u2013
(0.1)
Non-underlying items: 12-month period from April to March
(21.6)
(25.5)
Non-underlying items
(21.6)
(25.6)
Other non-GAAP performance measures
12-month 15-month
period ended period ended
31 March 31 March
2025 2024
$m $m
Gross profit
66.5
67.1
Non-underlying items (note 6)
(1.2)
3.0
Underlying gross profit
65.3
70.1
Loss from operating activities
(11.6)
(30.2)
Non-underlying items (note 6)
21.6
25.6
Gain on disposal of business
(5.8)
\u2013
Underlying profit/(loss) from operating activities
4.2
(4.6)
Loss from operating activities
(11.6)
(30.2)
Non-underlying items (note 6)
21.6
25.6
Gain on disposal of business
(5.8)
\u2013
Depreciation of property, plant and equipment (note 12)
3.2
4.3
Loss on disposal of property, plant and equipment (note 12)
0.3
\u2013
Amortisation of intangible assets (note 14)
2.6
7.7
Impairment of intangible assets (note 14), not included in non-underlying items
0.1
\u2013
Share-based payments
0.3
1.5
Underlying EBITDA
10.7
8.9
Loss from operating activities
(11.6)
(30.2)
Non-underlying items (note 6)
21.6
25.6
Proceeds on business disposal
(5.8)
\u2013
Depreciation of property, plant and equipment (note 12)
3.2
4.3
Loss on disposal of property, plant and equipment (note 12)
0.3
\u2013
Amortisation of intangible assets (note 14)
2.6
7.7
Impairment of intangible assets (note 14), not included in non-underlying items
0.1
\u2013
Impairment losses of financial assets
2.1
\u2013
Share-based payments
0.3
1.5
Net movement on working capital (inventories, trade and other receivables, trade and other payables)
as per consolidated statement of cash flows
6.7
10.0
Underlying operating cash flow
19.5
18.9
As explained in note 6, the Group incurs costs and earns income that is not considered to be reflective of the underlying
performance of the business. In the assessment of performance of the business units of the Group, management examines
underlying performance, which removes the impact of non-underlying costs and income.
Underlying profit from operating activities and underlying EBIT referred to in the earlier sections of the annual report are the
same measures. Underlying operating cash flow and adjusted operating cash flow referred to in the earlier sections of the annual
report are the same measure.
Net bank debt
Net bank debt is defined as total Group borrowings (excluding lease liabilities recognised under IFRS 16 and the Sanmina
liability) less cash. Net bank debt of $17.8m at the period end (2024: $16.4m) consisted of borrowings of $25.7m (2024: $27.9m)
less cash of $7.9m (2024: $11.5m).
", "dimensions": { "concept": "dialightplc:DisclosureOfReconciliationToNonGAAPPerformanceMeasures", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-503": { "value": "
28. RELATED PARTIES
The ultimate Parent Company of the Group is Dialight plc. Transactions between the Company and its subsidiaries have been
eliminated on consolidation.
Transactions with key management personnel
Only Directors are considered to be key management personnel and transactions with them are disclosed in note 7. Directors of
the Company and their immediate relatives control less than 1% of the Company.
Other related party transactions
During the period and the prior period, the Company paid for a lease agreement for the previous CEO, Fariyal Khanbabi, which
was cohabited with her son and his partner. The lease ended in May 2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-538": { "value": "28. RELATED PARTIES The ultimate Parent Company of the Group is Dialight plc. Transactions between the Company and its subsidiaries have been eliminated on consolidation. Transactions with key management personnel Only Directors are considered to be key management personnel and transactions with them are disclosed in note 7. Directors of the Company and their immediate relatives control less than 1% of the Company. Other related party transactions During the period and the prior period, the Company paid for a lease agreement for the previous CEO, Fariyal Khanbabi, which was cohabited with her son and his partner. The lease ended in May 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-504": { "value": "
29. SUBSIDIARIES
(a) Trading companies
In accordance with Section 409 of the Companies Act 2006, a full list of subsidiaries as at 31 March 2025 is disclosed below.
Those companies stated in table (a) below are those, in the opinion of Directors, which principally affect the revenue, profit
or assets of the Dialight Group. The remaining companies that comprise the Dialight Group are set out in table (b).
Name
Percentage owned
Registered office
Principal activity
Dialight Corporation*
100%
1501
Route, 34
Design, assembly and sale
South Farmingdale of Lighting and Signals &
NJ 07727 Components products
United States
Dialight Europe Limited**
100%
60 Petty France
Sale of Lighting products
London
England SW1H 9EU
Dialight GmbH*
100%
Maximilianstrasse 54
Sale of Lighting products
80538
Munchen
Germany
Dialight ILS Australia Pty Limited*
87. 5%
108
Howe Street
Sale of Lighting products
Perth 6017 Osborne Park
Australia
Dialight Asia Pte. Ltd*
75%
07\u201372 Vertex (Tower A)
33 Ubi Avenue 3
Sale of Lighting products
Singapore, 408868
Dialight Penang Sdn. Bhd.*
100%
No.
1478
B
Assembly and sale of Lighting and
Lorong Perusahaan Maju 8 Signals & Components products
Kawasan Perusahaan Perai
13600
Perai
Penang, Malaysia
Dialight de Mexico, S. de R.L. de C.V.*
100%
Calle Lirios S/N Colona
Assembly and sale of Lighting and
Pacheco Ensenada Signals & Components products
Baja California
Mexico
Dialight Latin America, S. de R.L.
100%
Calle Lirios S/N Colona
Sale of Lighting and Signals &
de C.V.* Pacheco Ensenada Components product
Baja California
Mexico
* The investment is held directly by Dialight plc except for those companies indicated by *.
** These companies are exempt from the requirement to prepare individual audited financial statements in respect of the period ended 31 March 2025, by virtue of Sections 479A and 479C
of the Companies Act 2006.
(b) Other companies
Name
Percentage owned
Registered office
Principal activity
Belling Lee Limited**
100%
60 Petty France
Intermediary holding company
London
England SW1H 9EU
Roxboro Overseas Limited**
100%
60 Petty France
Non-trading/intermediary
London holding company
England SW1H 9EU
The Roxboro Trust Company Limited** 100%
60 Petty France
Dormant
London
England SW1H 9EU
The Roxboro UK Pension
50%
60 Petty France
Corporate pension fund trustee
Trustee Limited* London
England SW1H 9EU
Roxboro Holdings Inc.*
100%
The Corporation Trust Co.
Non-trading/intermediary
Corporation Trust Centre holding company
1209
Orange Street City
of Wilmington
County of New Castle DE
United States
* The investment is held directly by Dialight plc except for those companies indicated by *.
** These companies are exempt from the requirement to prepare individual audited financial statements in respect of the period ended 31 March 2025, by virtue of Sections 479A and 479C
of the Companies Act 2006.
In November 2023, the Group dissolved two fully owned dormant entities, Roxboro Analytical Inc and Roxboro Metrology Inc.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-539": { "value": "29. SUBSIDIARIES (a) Trading companies In accordance with Section 409 of the Companies Act 2006, a full list of subsidiaries as at 31 March 2025 is disclosed below. Those companies stated in table (a) below are those, in the opinion of Directors, which principally affect the revenue, profit or assets of the Dialight Group. The remaining companies that comprise the Dialight Group are set out in table (b).
Name
Percentage owned
Registered office
Principal activity
Dialight Corporation*
100%
1501
Route, 34
Design, assembly and sale
South Farmingdale of Lighting and Signals &
NJ 07727 Components products
United States
Dialight Europe Limited**
100%
60 Petty France
Sale of Lighting products
London
England SW1H 9EU
Dialight GmbH*
100%
Maximilianstrasse 54
Sale of Lighting products
80538
Munchen
Germany
Dialight ILS Australia Pty Limited*
87. 5%
108
Howe Street
Sale of Lighting products
Perth 6017 Osborne Park
Australia
Dialight Asia Pte. Ltd*
75%
07\u201372 Vertex (Tower A)
33 Ubi Avenue 3
Sale of Lighting products
Singapore, 408868
Dialight Penang Sdn. Bhd.*
100%
No.
1478
B
Assembly and sale of Lighting and
Lorong Perusahaan Maju 8 Signals & Components products
Kawasan Perusahaan Perai
13600
Perai
Penang, Malaysia
Dialight de Mexico, S. de R.L. de C.V.*
100%
Calle Lirios S/N Colona
Assembly and sale of Lighting and
Pacheco Ensenada Signals & Components products
Baja California
Mexico
Dialight Latin America, S. de R.L.
100%
Calle Lirios S/N Colona
Sale of Lighting and Signals &
de C.V.* Pacheco Ensenada Components product
Baja California
Mexico
* The investment is held directly by Dialight plc except for those companies indicated by *. ** These companies are exempt from the requirement to prepare individual audited financial statements in respect of the period ended 31 March 2025, by virtue of Sections 479A and 479C of the Companies Act 2006. (b) Other companies
Name
Percentage owned
Registered office
Principal activity
Belling Lee Limited**
100%
60 Petty France
Intermediary holding company
London
England SW1H 9EU
Roxboro Overseas Limited**
100%
60 Petty France
Non-trading/intermediary
London holding company
England SW1H 9EU
The Roxboro Trust Company Limited** 100%
60 Petty France
Dormant
London
England SW1H 9EU
The Roxboro UK Pension
50%
60 Petty France
Corporate pension fund trustee
Trustee Limited* London
England SW1H 9EU
Roxboro Holdings Inc.*
100%
The Corporation Trust Co.
Non-trading/intermediary
Corporation Trust Centre holding company
1209
Orange Street City
of Wilmington
County of New Castle DE
United States
* The investment is held directly by Dialight plc except for those companies indicated by *. ** These companies are exempt from the requirement to prepare individual audited financial statements in respect of the period ended 31 March 2025, by virtue of Sections 479A and 479C of the Companies Act 2006. In November 2023, the Group dissolved two fully owned dormant entities, Roxboro Analytical Inc and Roxboro Metrology Inc.", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-505": { "value": "
30. POST BALANCE SHEET EVENTS
The Group\u2019s multi-currency revolving credit facility of $28.8m with HSBC was extended on 5 June 2025 to 21 July 2027 on the
same terms as the original revolving credit facility agreement.
In May 2025, the Group received an Employee Retention Credit (\u2018ERC\u2019) of $1.4m. An ERC is a US refundable tax credit for certain
eligible businesses that had employees and were affected during the COVID-19 pandemic. This government grant income has
not been included in this annual report and accounts since as at the balance sheet date it was not known that the credit was
reasonably certain to be received. The claim was filed in 2023.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact-6": { "value": "60 Petty France London SW1H 9EU", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:2138001AD31KKD29Z495", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } } } }