WS Atkins

R&D tax and expenditure credits: an emerging issue under IFRS

This report addresses accounting for the new research and development (R&D) expenditure credit (RDEC) available from Her Majesty's Revenue and Customs (HMRC), the responsible tax authority in the United Kingdom, the previous UK scheme still in force for some companies and a similar scheme in Europe.

WS Atkins plc Group Monitor

WS Atkins plc Group Annual Report 2015
CR Monitor Issue: 
2015/1009
Company covered: 
WS Atkins plc Group
Period End: 
31 March, 2015
Report issued on 29 October 2015 covered the following practice issues:
Change
R&D tax credits offset against relevant expenditure rather than through tax, but without restatement.
Pronouncements
Some joint arrangements classified as joint operations, on adoption of new consolidation Standards.

WS Atkins plc Monitor

WS Atkins plc Annual Report 2013
CR Monitor Issue: 
2013/1006
Company covered: 
WS Atkins plc
Period End: 
31 March 2013
Report issued on 14 October 2013 covered the following practice issues:
Change
Expected future gain on intended sale of business disclosed.
Pronouncements
Revised IAS 19 to lead to recognition of all past service costs.
Pronouncements
Impending corporate governance provisions on external audit tendering and external evaluation of Board addressed.
Restatement
Increase in assets allocated to reportable segments.

WS Atkins plc

WS Atkins plc Annual Report 2012
CR Monitor Issue: 
2012/1105
Company covered: 
WS Atkins plc
Period End: 
31 March 2012
Report issued on 09 November 2012 covered the following practice issues:
Change
Curtailment gain on pensions increases profit before tax by 29.5%.
Change
Potential impact of revised IAS 19 disclosed.
Change
Trade names and trademarks presented as separate class of intangible asset.
Change
Potential impact of IFRS 9 disclosed.
Restatement
All defined contribution pension payments and allowances included in total directors' remuneration.

WS Atkins plc Period End 31 March 2008

WS Atkins Annual Report 2008

Discontinued operations contribute 31.4% of profit for the year
UK business service company WS Atkins discontinues the majority of its equity investment businesses, including two joint ventures, and reports a £31.4 million gain that represents 31.4% of profit.