View - Atkins

Financial Statements 87
Metronet
and
2008 LSH Trans4m Total
Income statement and cash flow information £m £m £m
Revenue 16.0 17.2 33.2
Administration and other expenses (15.8) (0.4) (16.2)
Net finance income/(cost) 0.2 (0.8) (0.6)
Profit before taxation from discontinued operations 0.4 16.0 16.4
Income tax expense (0.2) (4.8) (5.0)
Profit after income tax of discontinued operations 0.2 11.2 11.4
Pre-tax profit on disposal 20.0 – 20.0
Income tax expense – – –
After-tax profit on disposal 20.0 – 20.0
Profit from discontinued operations 20.2 11.2 31.4
Operating cash flows from discontinued operations 2.8 (2.5) 0.3
Investing cash flows from discontinued operations (0.2) (48.0) (48.2)
Investing cash flows – cash proceeds on disposal net of cash disposed 30.9 – 30.9
Financing cash flows from discontinued operations (0.3) – (0.3)
Total cash flows 33.2 (50.5) (17.3)
Metronet
2007 LSH and Trans4m Total
Income statement and cash flow information £m £m £m
Revenue 81.8 2.0 83.8
Administration and other expenses (74.3) (0.6) (74.9)
Net finance income/(cost) 0.6 (1.0) (0.4)
Impairment of investment in Joint Ventures – (70.0) (70.0)
Share of post-tax loss from Joint Ventures (note 4) – (48.2) (48.2)
Profit/(loss) before taxation 8.1 (117.8) (109.7)
Income tax expense (2.4) (0.1) (2.5)
Profit/(loss) after income tax of discontinued operations 5.7 (117.9) (112.2)
Operating cash flows from discontinued operations 10.1 0.7 10.8
Investing cash flows from discontinued operations (2.5) (18.0) (20.5)
Financing cash flows from discontinued operations (1.2) – (1.2)
Total cash flows 6.4 (17.3) (10.9)
11. Dividends
Company and Group
2008 2007 2008 2007
pence pence £m £m
Final dividend paid for the year ended 31 March 2007 (2006) 14.0 11.5 14.2 11.6
Interim dividend paid for the year ended 31 March 2008 (2007) 7.5 6.0 7.6 6.1
Dividends recognised in the year 21.5 17.5 21.8 17.7
Interim dividend proposed for the year ended 31 March 2008 (2007) 7.5 6.0 7.6 6.1
Final dividend proposed for the year ended 31 March 2008 (2007) 16.5 14.0 16.1 14.2
Dividends relating to the year 24.0 20.0 23.7 20.3
The proposed final dividend is subject to approval by shareholders at the Annual General Meeting and has not been included
as a liability in these Financial Statements.
As at 31 March 2008 the Employee Benefit Trusts had agreed to waive dividends in excess of 0.01p per share on 2,697,476
ordinary shares (2007: 3,251,358) in return for an equivalent gift. These arrangements reduced the dividend paid in year by £0.6m
(2007: £0.6m) and the proposed final dividend by £0.4m (2007: £0.5m).
Introduction Reviews Governance Financial Statements Investor Information
WS Atkins plc Annual Report 2008