Effects of changes to segmentation
21 April 2017
On 2 March, in the results announcement for the year ended 31 December 2016, we reported that the Board had decided that, from 1 January 2017, the Group would operate and report three multi-disciplinary regional segments: Australia Asia Pacific ("AAP"), which has been in existence since 2013, Europe and North America. The latter two have been formed by combining Built and Natural Environment ("BNE"): Europe with the Europe, Africa and Middle East ("EAME") component of Energy and BNE: North America with the North America component of Energy.
The effect of these changes on the segment results for the year ended 31 December 2016 and on the six months ended 30 June 2016 is given below in notes 1 and 2 respectively.
21 April 2017
ENQUIRIES | |
RPS Group plc | |
Dr Alan Hearne, Chief Executive Gary Young, Finance Director |
Tel: 01235 863 206 |
Instinctif Partners |
|
Justine Warren Matthew Smallwood |
Tel: 020 7457 2020 |
RPS define, design and manage projects in the property, energy, transport water, defence and security and resources sectors across 125 countries. Our main offices are in the UK, Ireland, the Netherlands, Norway, the USA, Canada and Australia Asia Pacific. We undertake projects in many other parts of the world.
Note 1
Segment results for the year ended 31 December 2016 as restated
£000's | Fees | Expenses | Intersegment revenue |
External revenue |
Europe | 307,671 | 42,406 | (1,603) | 348,474 |
North America | 98,560 | 9,722 | (323) | 107,959 |
AAP | 130,140 | 8,439 | (541) | 138,038 |
Group eliminations | (2,075) | (392) | 2,467 | - |
Total | 534,296 | 60,175 | - | 594,471 |
£000's | Underlying profit |
Reorganisation costs |
Segment Profit | |
Europe | 42,120 | (3,289) | 38,831 | |
North America | 10,623 | (1,079) | 9,544 | |
AAP | 15,481 | (1,246) | 14,235 | |
Total | 68,224 | (5,614) | 62,610 |
Segment results for the year ended 31 December 2016 as originally presented
£000's | Fees | Expenses | Intersegment revenue |
External revenue |
BNE - Europe | 269,029 | 36,166 | (714) | 304,481 |
BNE - North America | 65,382 | 6,398 | (160) | 71,620 |
Energy | 71,490 | 9,327 | (485) | 80,332 |
AAP | 130,140 | 8,439 | (541) | 138,038 |
Group eliminations | (1,745) | (155) | 1,900 | - |
Total | 534,296 | 60,175 | - | 594,471 |
£000's | Underlying profit |
Reorganisation costs |
Segment Profit | |
BNE - Europe | 35,598 | (460) | 35,138 | |
BNE - North America | 8,156 | (305) | 7,851 | |
Energy | 8,989 | (3,603) | 5,386 | |
AAP | 15,481 | (1,246) | 14,235 | |
Total | 68,224 | (5,614) | 62,610 |
Detailed reclassification for the year ended 31 December 2016
£000's | Fees | Expenses | Intersegment revenue |
External revenue |
Europe | 38,642 | 6,240 | (889) | 43,993 |
North America | 33,178 | 3,324 | (163) | 36,339 |
Energy | (71,490) | (9,327) | 485 | (80,332) |
AAP | - | - | - | - |
Central | (330) | (237) | 567 | - |
Total | - | - | - | - |
£000's | Underlying profit |
Reorganisation costs |
Segment Profit | |
Europe | 6,522 | (2,829) | 3,693 | |
North America | 2,467 | (774) | 1,693 | |
Energy | (8,989) | 3,603 | (5,386) | |
AAP | - | - | - | |
Total | - | - | - |
Note 2
Segment results for the six months ended 30 June 2016 as restated
£000's | Fees | Expenses | Intersegment revenue |
External revenue |
Europe | 151,363 | 20,406 | (835) | 170,934 |
North America | 47,312 | 5,052 | (187) | 52,177 |
AAP | 63,171 | 5,358 | (209) | 68,320 |
Group eliminations | (1,042) | (189) | 1,231 | - |
Total | 260,804 | 30,627 | - | 291,431 |
£000's | Underlying profit |
Reorganisation costs |
Segment Profit | |
Europe | 17,093 | (2,452) | 14,641 | |
North America | 5,339 | (448) | 4,891 | |
AAP | 7,344 | (1,037) | 6,307 | |
Total | 29,776 | (3,937) | 25,839 |
Segment results for the six months ended 30 June 2016 as originally presented
£000's | Fees | Expenses | Intersegment revenue |
External revenue |
BNE - Europe | 131,205 | 17,332 | (275) | 148,262 |
BNE - North America | 31,957 | 3,675 | (81) | 35,551 |
Energy | 35,300 | 4,327 | (329) | 39,298 |
AAP | 63,171 | 5,358 | (209) | 68,320 |
Group eliminations | (829) | (65) | 894 | - |
Total | 260,804 | 30,627 | - | 291,431 |
£000's | Underlying profit |
Reorganisation costs |
Segment Profit | |
BNE - Europe | 16,751 | (383) | 16,368 | |
BNE - North America | 4,753 | (151) | 4,602 | |
Energy | 928 | (2,366) | (1,438) | |
AAP | 7,344 | (1,037) | 6,307 | |
Total | 29,776 | (3,937) | 25,839 |
Detailed reclassification for the six months ended 30 June 2016
£000's | Fees | Expenses | Intersegment revenue |
External revenue |
Europe | 20,158 | 3,074 | (560) | 22,672 |
North America | 15,355 | 1,377 | (106) | 16,626 |
Energy | (35,300) | (4,327) | 329 | (39,298) |
AAP | - | - | - | - |
Central | (213) | (124) | 337 | - |
Total | - | - | - | - |
£000's | Underlying profit |
Reorganisation costs |
Segment Profit | |
Europe | 342 | (2,069) | (1,727) | |
North America | 586 | (297) | 289 | |
Energy | (928) | 2,366 | 1,438 | |
AAP | - | - | - | |
Total | - | - | - |
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