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08 Introduction Chief Executive’s Statement Our strategy Plan, design, enable is what we do. Our vision is to be the world’s best infrastructure consultancy. World’s Best Infrastructure Consultancy We will target chosen geographies, and develop deep local expertise. We will seek to consistently anticipate and address our clients’ needs. Buildings, transport, utilities, Government and industry and their social and environmental context. Our primary business model will be selling expertise. To be the world’s best infrastructure consultancy. WS Atkins plc Annual Report 2008
Introduction 09 Atkins is a consultancy which exists to plan, design and enable our clients’ capital programmes. We aim to improve all aspects of our activities within well understood business models. The strong performance of the Group has demonstrated over the last few years that this focus has been appropriate and the forecast of continued high demand for capital programmes of increasing complexity dictates that it remains so. The key to much of the activity that the Group undertakes is the national and local nature of the relationships we build with our clients. The vast majority of our clients continue to come to Atkins at a local level because we have key local relationships. As a result we have de-centralised our organisation, empowering local management as far as reasonably possible. Many of our core skills and the values of our excellent service culture have currency across the world, but we do not have a strategy of becoming a global company; instead our strategy involves focusing our efforts where we are able to develop these deep local relationships with our clients. We call this part of our strategy multi-local. In addition to developing local skills, our local management teams are able to draw upon the Group’s wide range of skills and resources. One of Atkins’ key differentiators is the extensive range of skills that we have in the organisation. There is rarely a technical question that cannot be answered by someone within the Group, allowing us to be flexible and to consider all options. Our clients recognise that, by harnessing this breadth of skills, we can answer their questions better. This part of our strategy we call multi-skill. We believe that our focus upon being a multi-skill, multi-local consultancy, with the best combination of quality, local understanding and breadth of skills, will allow us to be trusted to deliver infrastructure projects more often than our competitors. Bringing the extensive capabilities of the Group to bear at a local level is therefore fundamental and will deliver superior performance. Climate change is a significant issue for the world in which we live and it is becoming a significant issue for many of our clients. Apart from the normal social responsibility issues, we are focusing on the area of carbon calculation and the carbon mitigation of both the embedded elements and the whole-life effects of our designs. We have termed this Carbon Critical Design. We are doing world-class work in a number of areas but the practice of embedding carbon reduction into the design process is still in its infancy. We need to act now to develop this capability so as to be able to respond to the emerging demand and ensure that clients can meet their carbon agendas over the next five to ten years. We have therefore set ourselves the challenge to resolve how we deliver Carbon Critical Design within 100 weeks. We are investing heavily this year and next to raise awareness, develop tools and actively engage with clients on this important issue. Carbon Critical Design will affect everything we do in the long term. It demands an expansive multi-skilled outlook. It is no longer appropriate, for example, to segregate building design from structures, as the whole system must be optimised to reduce carbon. This makes Atkins supremely well placed to lead. We design a very large part of the built environment and we can engage clients and change the question. We are not aspiring to everything being carbon neutral but we are looking at an iterative journey to reduce carbon in everything we do. If we are successful in addressing all of these areas, we will be well along the path to being the world’s best infrastructure consultancy. Introduction Reviews Governance Financial Statements Investor Information WS Atkins plc Annual Report 2008
Page 1 and 2: WS Atkins plc Annual Report 2008 Pl
Page 3 and 4: Financial Highlights Introduction 0
Page 5 and 6: Introduction 03 North America 680 *
Page 7 and 8: Introduction 05 Revenue £374m £27
Page 9: Introduction 07 Results I am please
Page 13 and 14: Introduction 11 Each business consi
Page 15 and 16: Reviews Reviews 14 Human Resources
Page 17 and 18: Reviews 15 +24% Increase in headcou
Page 19 and 20: Reviews 17 Reward We continue to mo
Page 21 and 22: Reviews 19 Key performance indicato
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Page 25 and 26: Reviews 23 Our Highways and Transpo
Page 27 and 28: Reviews 25 The Rail segment perform
Page 29 and 30: Reviews 27 This year we have reorga
Page 31 and 32: Reviews 29 Europe As a whole, the E
Page 33 and 34: Reviews 31 The performance of the M
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Page 37 and 38: Reviews 35 £168.4m Net funds Net c
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Governance 59 Audited information D
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Independent Auditors’ Report to t
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Financial Statements Financial Stat
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Consolidated and Parent Company Sta
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Financial Statements 67 Consolidate
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Financial Statements 69 Transaction
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Financial Statements 71 The results
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Financial Statements 73 Other recei
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Financial Statements 75 (c) Interpr
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Financial Statements 77 Derivative
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Financial Statements 79 Balance she
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Financial Statements 81 b) Investme
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Financial Statements 83 6. Employee
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Financial Statements 85 b) Factors
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Financial Statements 87 Metronet an
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Financial Statements 89 14. Goodwil
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Financial Statements 91 16. Other i
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Financial Statements 93 18. Investm
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Financial Statements 95 21. Invento
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Financial Statements 97 The carryin
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Financial Statements 99 29. Retirem
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Financial Statements 101 Atkins Rai
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Financial Statements 103 Movements
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Financial Statements 105 At 31 Marc
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Financial Statements 107 The effect
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Financial Statements 109 33. Statem
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Financial Statements 111 37. Operat
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Financial Statements 113 41. Subsid
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Financial Statements 115 Consolidat
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Investor Information Introduction R
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Notes Investor Information 119 Intr
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This Annual Report is printed by a
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