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78 Financial Statements
Notes to the Financial Statements
Continued
3. Segmental reporting
a) Group business segments
Revenue and results
Inter-
Share of post-
Total segment Operating Operating tax profit from
revenue revenue Revenue profit margin Joint Ventures
2008 £m £m £m £m % £m
Design and Engineering Solutions 390.8 (17.2) 373.6 30.2 8.1% –
Highways and Transportation 291.6 (17.0) 274.6 16.8 6.1% 0.7
Rail 224.9 (16.7) 208.2 11.9 5.7% –
Middle East, China and Europe 206.5 (14.9) 191.6 11.4 5.9% –
Management and Project Services 223.5 (10.3) 213.2 13.6 6.4% –
Asset Management 54.7 (2.3) 52.4 2.8 5.3% 0.2
Total continuing segments 1,392.0 (78.4) 1,313.6 86.7 6.6% 0.9
Discontinued operations 33.3 (0.1) 33.2 17.0 51.2% –
Total from operations 1,425.3 (78.5) 1,346.8 103.7 7.7% 0.9
Inter-
Impairment of Share of post-
Total segment Operating Operating investment in tax profit from
revenue revenue Revenue profit margin Joint Ventures Joint Ventures
2007 £m £m £m £m % £m £m
Design and Engineering Solutions 333.6 (12.8) 320.8 25.9 8.1% – –
Highways and Transportation 265.9 (15.4) 250.5 13.2 5.3% – 0.6
Rail 238.4 (23.3) 215.1 2.6 1.2% – –
Middle East, China and Europe 161.6 (12.7) 148.9 7.5 5.0% – –
Management and Project Services 201.9 (8.3) 193.6 12.5 6.5% – –
Asset Management 53.5 (2.6) 50.9 2.0 3.9% – 2.2
Total continuing segments 1,254.9 (75.1) 1,179.8 63.7 5.4% – 2.8
Discontinued operations 83.8 – 83.8 8.9 10.6% (70.0) (48.2)
Total from operations 1,338.7 (75.1) 1,263.6 72.6 5.7% (70.0) (45.4)
Design and Engineering Solutions and Rail segments have been restated to exclude the results of other European businesses that are
now reported within the Middle East, China and Europe segment.
The continuing elements of the former Equity Investment segment are now shown within Asset Management.
Included within operating profit for the year to 31 March 2007 is £4.0m exceptional loss (refer to note 9) relating to Design and
Engineering Solutions (£1.1m), Rail (£2.6m) and Management and Project Services (£0.3m).
Reconciliation of segmental analysis to profit for the year attributable to equity shareholders:
2008 2007
£m £m
Operating profit (continuing segments) 86.7 63.7
Share of post-tax profit from Joint Ventures 0.9 2.8
Profit from operations 87.6 66.5
Finance income 9.8 9.0
Finance cost (5.5) (5.4)
Net finance income 4.3 3.6
Profit before taxation 91.9 70.1
Income tax expense (23.3) (15.2)
Profit for the year from continuing operations 68.6 54.9
Discontinued operations 31.4 (112.2)
Profit for the year attributable to equity shareholders 100.0 (57.3)
WS Atkins plc Annual Report 2008