Details of transactions between the Company and related parties are as follows: Purchase of goods and services 2018 £m 2017 £m 2018 £m 2017 £m Rubicon Drinks Limited 44. This has included assessment of the general control environment, identification of any control weaknesses and quantification of any associated risk, together with a review of the status of mitigating actions. We have continued to reformulate and reduce sugar across our portfolio, as well as bringing new lower and no sugar products to the market. The Group focuses on delivering high quality products and invests heavily in building brand equity. Industry Cash Flow Analysis Company vs. We continue to play our part in delivering the soft drinks industry-wide 5-year voluntary target of 20% calorie reduction by 2020, as well as being on track to have two thirds of our own portfolio lower or no sugar by 2018. Locations, Subsidiaries, Operating Units 3.
Through increased focus and investment in both reformulation and innovation across the year we have adapted our portfolio to align with these changing consumer needs. The related weighted average share price at the time of exercise for the six months ended 30 July 2016 was £5. The prospects of the Group have been taken into account, including the size of the current market, the strength of the Group's brands and recent investment in production capability. During the reporting period we have continued to focus on embedding a culture of risk management throughout the organisation which will contribute towards the successful execution of the Group's strategy. The Final Results Announcement included a set of condensed financial statements and a fair view of the development and performance of the business and the position of the Company.
Our underlying objective is to secure budgeted exchange rates and thereby reduce the volatility through our cost of goods. New risk Loss of product integrity A loss of product integrity in the manufacturing supply chain could lead to a product withdrawal or recall. We believe our positive actions and sugar reduction progress, along with those of many of our competitors within the soft drinks industry, make the implementation of a soft drinks only sugar tax an unnecessary measure in the context of Government health policy objectives. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. Principal Risks and Uncertainties The Board has carried out a robust, systematic assessment of the principal risks facing the Group during the period, including those which would threaten its business model, future performance, solvency or liquidity. Carrying amount As at 30 July 2016 Financial assets not measured at fair value Cash and cash equivalents Trade receivables Financial assets measured at fair value Foreign exchange contracts used for hedging Financial liabilities measured at fair value Contingent consideration 15 Financial liabilities not measured at fair value Finance lease liabilities Unsecured bank borrowings Trade payables Fair value Fair value — hedging instruments £m Loans and receivables £m Other financial liabilities at amortised cost £m — — 7.
Following consultation with the pension scheme Trustee and active members, the scheme closed to future accrual from 1 May 2016 giving rise to a curtailment gain of £7. This risk assessment and review process is documented in the appropriate risk register. Current liabilities of £nil at 25 July 2015: £0. The Group therefore continues to adopt the going concern basis in preparing its consolidated condensed interim financial statements. The Cumbernauld-headquartered group, which also makes Rubicon and Tizer, said full-year revenue was expected to top £277 million, which would mark a rise of about 5 per cent on the previous year.
We announced on 1 February 2018 that, following an extension of our innovation and reformulation programme, we expect that up to 99% of our soft drinks portfolio by volume will contain less than 5g of total sugars per 100ml before the implementation of the Soft Drinks Industry Levy in April 2018. External Factor Evaluation Matrix 10. As a result, no reconciliation of segment assets and liabilities to the consolidated condensed statement of financial position has been disclosed for any of the periods presented. The gross profit before exceptional items from the segment reporting is reconciled to the total profit before income tax as shown in the consolidated condensed income statement. Reporting by James Davey; editing by Kate Holton.
The report of the auditor on those accounts was unqualified, did not contain an emphasis of matter paragraph and did not contain any statement under section 498 2 or 3 of the Companies Act 2006. Risks are re-assessed based on the strength of the mitigating controls implemented. The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors — those exposed to social, political, economic, legal, etc. The starting point for the viability assessment is the strategic and financial plan, which makes assumptions relating to the economic climate, market growth, input cost inflation and growth from the Company's value drivers. The difference between the total of these balances and the amounts disclosed as amounts due by Note 19 and to subsidiary companies Note 21 are balances due by and due to dormant subsidiary companies.
Appropriate risk assessments are carried out on a regular basis and robust quality controls and processes are in place to maintain the high quality of our products. At the year end £nil 2017: £nil was outstanding to the service provider on behalf of the retirement benefit plans. This is expected to result in around 90 job losses across the Company. Risks are constantly reviewed on an ongoing basis; the Group's risk register is formally reviewed by the Risk Committee quarterly and by the Board and the Audit Committee twice each year. A reverse stress test was also performed, allowing the Board to assess scenarios and circumstances that would render its business model unviable and enabling the identification of potential business vulnerabilities and the development of appropriate mitigating actions. No change Failure of the Group's operational infrastructure A catastrophic failure of the Group's major production or distribution facilities could lead to a sustained loss in capacity or capability. A further £10m revolving credit facility was arranged in the year ended 26 January 2014 and will expire in March 2017.
Effective risk management is essential to enable us to achieve our operational and strategic objectives and deliver long-term value creation. The performance of the operating segments is assessed by reference to their gross profit before exceptional items. Once identified, risks are assessed according to the likelihood and impact of the risk occurring and an appropriate risk response is determined in line with the Group's risk appetite. Major Products and Services 2. The Chancellor announced in his Summer Budget on 8 July 2015 that the main rate of corporation tax will be reduced to 19% from 1 April 2017 and 18% from 1 April 2020 and the future current tax charges will reduce accordingly. The management committee considers the business from a product perspective.
All of these costs will be recognised as exceptional in the current year financial statements see note 21 to the financial statements. Like many other businesses, we are closely following developments in this area. We work closely in partnership with our customers on an ongoing basis. We conducted an extensive research and testing programme in the years prior to the launch of our reformulated products to ensure that we have an excellent taste match for each reformulated product. This represents the Group's current risk profile and is not intended to be an exhaustive list of all risks and uncertainties that may arise. Any opinions or estimates expressed herein are those of Markit on the date of preparation and are subject to change without notice; however no such opinions or estimates constitute legal, investment or other advice. It has been the company's supreme corporate objective to always offer its customers maximum benefits.
Our review has been undertaken so that we might state to the company those matters we are required to state to it in this report and for no other purpose. Industry Income Statement Analysis Company vs. As a result it is anticipated that the operating profits for the second half of the year ending 28 January 2017 will be higher than those for the six months ended 30 July 2016. During the year an employee cyber training programme was implemented to increase employee cyber risk awareness. Supplier performance is monitored on an ongoing basis and audits are undertaken for major suppliers. So, you can get all the most recent data available for the same price. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.