Annual Report & ACCOUNTS for the year ended 30 June 2014

HYR 2014

The following is a glossary of a number of the terms and acronyms which can be found within this website:

API
Active Principal Ingredient
APP
Actinobacillis pleuropneumonia (APP) is a bacterial infection that affects the respiratory system of pigs
APSP
Approved Performance Share Plan
Bioequivalence
The demonstration that the proposed formulation has the same biological effects as the pioneer product to which it is being compared. This is usually demonstrated by comparing blood concentrations of the active over time, but can be compared using a clinical endpoint (e.g. lowering of a worm count) for drugs that are not absorbed or for which blood levels cannot be determined
CAGR
Compound Annual Growth Rate
CAP
Companion Animal Products
CapEx
Capital Expenditure
CE
Continuing Education
CER
Constant Exchange Rate
CMC
Chemistry and Manufacturing Controls
Cortisol
A hormone which is made by the adrenal glands. Its production is increased during episodes of stress and it has many effects on the body. It helps regulate blood pressure, the immune system and helps balance the effect of insulin to keep the blood sugar at normal levels
CPD
Continuous Professional Development
CSOP
Company Share Option Plan
Cushing's Syndrome
A condition caused by excess cortisol (see above) and is named after the physician who first described the condition in humans in the early twentieth century
Dechra Values or Values
Dedication, Enjoyment, Courage, Honesty, Relationships and Ambition
DPM
Dechra Pharmaceuticals Manufacturing
DVP EU
Dechra Veterinary Products EU
DVP US
Dechra Veterinary Products US
Dysbacteriosis
A microbial imbalance on or inside the body
EBIT
Earnings before interest and tax
EBITDA
Earnings before interest, tax, depreciation and amortisation
E.Coli
Escherichia coli is a bacterium of the genus Escherichia that is commonly found in the lower intestine of warm-blooded organisms
EPS
Earnings Per Share
Euthyroid
Euthyroid is the state of having normal thyroid gland function
Executive Directors
The Executive Directors of the Company, currently Ian Page, Anne-Francoise Nesmes and Tony Griffin
FAP
Food producing Animal Products
FDA
US Food and Drug Administration; a federal agency of the US Department of Health and Human Services
FRC
Financial Reporting Council
FRS
Financial Reporting Standards
FTSE250/350 Index
An index comprising the 101st to 350th largest companies listed on the London Stock Exchange in terms of their market capitalisation
FTSE Small Cap Index
An index comprising the 351st to 619th largest listed companies on the London Stock Exchange in terms of their market capitalisation
GAAP
Generally Accepted Accounting Practices
GHG
Greenhouse Gas
HGV
Heavy Goods Vehicle
Hyperthyroidism
Occurs when the thyroid glands produce excessive amounts of thyroid hormone. This causes an increase in the animal's metabolism (the rate at which energy is utilised)
IAS
International Accounting Standards
IFRS
International Financial Reporting Standards
Intertrigo
Refers to a bacterial, fungal or viral infection that has developed at the site of broken skin due to inflammation of body folds. This infection is common in dogs with folds,such as Pugs or Shar Peis
KPI
Key Performance Indicator
LIBOR
The London Inter-Bank Offered Rate
LTAFR
Lost Time Accident Frequency Rate
LTIP
Long Term Incentive Plan
Malassezia
Yeasts that cause a secondary inflammatory skin disease. Malassezia is often found in otitis externa
MHRA
Medicines and Healthcare products Regulatory Agency; an executive agency of the Department of Health
Maximum residue limit (MRL)
The maximum acceptable concentration of a substance that may be found in a food product obtained from an animal that has received a veterinary medicine
NADA
New Animal Drug Application
Non-Executive Directors
The Non-Executive Directors of the Company, currently Michael Redmond, Dr Chris Richards, Julian Heslop and Ishbel Macpherson
NSAID
Non-Steroidal Anti-Inflammatory Drug; essentially drugs which relieve pain, swelling, stiffness and inflammation. Equipalazone is the leading NSAID for the treatment of musculoskeletal disorders in the horse
Ordinary Shares
An ordinary share of 1 pence in the share capital of the Company
Otitis Externa
A condition which causes inflammation of the external ear canal (the tube between the outer ear and the ear drum)
PDRA
Dechra's Product Development and Regulatory Affairs team
QC
Quality Control
RIDDOR
Reporting of Injuries, Diseases and Dangerous Occurrences Regulations
Rights Issue
The three for ten rights issue of 20,040,653 shares, details of which are set out in the prospectus of the Company dated 25 April 2012
ROCE
Return On Capital Employed
ROI
Return On Investment
RPI
Retail Price Index
SAYE
Save As You Earn Share Scheme
SET
Senior Executive Team
S.suis
Streptococcus suis is a bacterial infection which occurs primarily in nursing or recently weaned pigs
Staphylococcal Infections
Communicable conditions caused by the Staphylococcus type of bacteria and generally characterised by pyoderma or the formation of abscesses
Surface Pyoderma
Pyoderma is the medical term used to denote infections of the skin caused by bacteria. Surface Pyoderma is a bacterial infection which is confined to the surface of the skin; one of the commonest types is known as Pyotraumatic Dermatitis (acute moist dermatitis, or 'hot spots'). It is typified by localised itching, moist reddened skin patches and ulcerated lesions
TSR
Total Shareholder Return
VCA
Veterinary Centers of America
VMD
Veterinary Medicines Directorate