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Financial Statements 93
18. Investments in subsidiaries
Company
Restated
Total
£m
Cost at 1 April 2006 (as previously reported) 110.8
Restatement in accordance with IFRIC 11 5.2
Cost at 1 April 2006 (as restated) 116.0
Additions – IFRIC 11 5.0
Cost at 31 March 2007 121.0
Additions 133.5
Disposals (122.9)
Cost at 31 March 2008 131.6
Impairment at 1 April 2006 22.7
Impairment charge for the year –
Impairment at 31 March 2007 22.7
Impairment charge for the year –
Disposals (21.9)
Impairment at 31 March 2008 0.8
Net book value at 31 March 2008 130.8
Net book value at 31 March 2007 98.3
The Group’s principal subsidiaries are disclosed in note 41.
As part of a Group reorganisation, WS Atkins plc invested in Atkins Gamma Limited and increased their shareholding in WS Atkins
Insurance (Guernsey) Limited and WS Atkins International Limited. They subsequently sold WS Atkins Insurance (Guernsey) Limited
and WS Atkins International Limited to other Group companies.
The Company increased its investment in WS Atkins International B.V. in order to facilitate the purchase of Nedtech Engineering B.V.
The Company also disposed of LSH Group (refer note 10) during the year.
The Company’s opening investments in subsidiaries balances have been restated to take into account the effect of the implementation
of IFRIC 11, IFRS 2 – Group and Treasury Share Transactions. The restatement had no effect on the Group and no effect on the income
statement of the Company.
Introduction Reviews Governance Financial Statements Investor Information
WS Atkins plc Annual Report 2008