28455 amec front.1a · amec at a glance 2 highlights 4 chairman’s statement 6 chief executive’s...

AMEC plc annual report and accounts 2008

Differentiating AMEC

AMEC plc76-78 Old Street London EC1V 9RU United Kingdom

Tel: +44 (0)20 7539 5800

amec.com

AM

EC plc annual report and accounts 2008

28455_AMEC_covers.indd 1 31/3/09 19:02:11

Contents

believing in people, teamwork and diversity delivering in a safe and sustainable way

aspiring to excellence; passionate about successacting with integrity and respect

AMEC at a glance 2

Highlights 4

Chairman’s statement 6

Chief Executive’s review 8

Investing in sustainability 12

Investing in our people 14

Investing in our geographic footprint 16

Investing in our capabilities 18

Business and financial review 22

Natural Resources 28

Power and Process 36

Earth and Environmental 44

Investments and other activities 50

Financial review 51

Our board of directors 66

Our management team 68 Report of the directors 70

Directors’ remuneration report 79

Consolidated income statement 90

Consolidated statement of recognised income and expense 91

Consolidated balance sheet 92

Consolidated cash flow statement 93

Notes to the consolidated accounts 94

Company balance sheet 130

Notes to the company balance sheet 131 Responsibility statements of the directors 136

Independent auditors’ report to the members of AMEC plc 137

Principal group companies 138

Five year record 139

Shareholder information 140

This report is printed using vegetable based inks on Revive 100 Offset paper made from 100 per cent post consumer waste and is certified by the FSC (Forestry Stewardship Council). Revive 100 Offset is totally chlorine free (TCF). Produced at a mill that is certified to ISO 14001 Environmental Management System standard.

Printed by Beacon Press who are totally committed to reducing the impact printing has on the environment.

The printer is certified to ISO 14001 and is registered to EMAS (Eco Management Audit Scheme) and holds the FSC Chain of Custody; number SCS-COC-0620. Beacon Press hold the Queens Award for Enterprise: Sustainable Development.

Designed and produced by AMEC Corporate Communications, typeset by the Artwork Agency with photography by Simon Kreitem, Kenneth Krehbiel, Ken Taylor and James McMillan.

Cert no. SGS-COC-0620

Capital expenditure

Project management

Operating expenditure

Engineer Procure Construct Operate Maintain DecommissionConsult

Blue shading denotes AMEC’s focus

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Europe

0 100 200 300 400

E. Europe/Eurasia

NorthAmerica

LatinAmerica

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Europe

0 30 60 90 120 150

E. Europe/Eurasia

NorthAmerica

LatinAmerica

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€

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Threshold

Maximum

0% 100% 200% 300% 400% 500%

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@

Contents

believing in people, teamwork and diversity delivering in a safe and sustainable way

aspiring to excellence; passionate about successacting with integrity and respect

AMEC at a glance 2

Highlights 4

Chairman’s statement 6

Chief Executive’s review 8

Investing in sustainability 12

Investing in our people 14

Investing in our geographic footprint 16

Investing in our capabilities 18

Business and financial review 22

Natural Resources 28

Power and Process 36

Earth and Environmental 44

Investments and other activities 50

Financial review 51

Our board of directors 66

Our management team 68 Report of the directors 70

Directors’ remuneration report 79

Consolidated income statement 90

Consolidated statement of recognised income and expense 91

Consolidated balance sheet 92

Consolidated cash flow statement 93

Notes to the consolidated accounts 94

Company balance sheet 130

Notes to the company balance sheet 131 Responsibility statements of the directors 136

Independent auditors’ report to the members of AMEC plc 137

Principal group companies 138

Five year record 139

Shareholder information 140

This report is printed using vegetable based inks on Revive 100 Offset paper made from 100 per cent post consumer waste and is certified by the FSC (Forestry Stewardship Council). Revive 100 Offset is totally chlorine free (TCF). Produced at a mill that is certified to ISO 14001 Environmental Management System standard.

Printed by Beacon Press who are totally committed to reducing the impact printing has on the environment.

The printer is certified to ISO 14001 and is registered to EMAS (Eco Management Audit Scheme) and holds the FSC Chain of Custody; number SCS-COC-0620. Beacon Press hold the Queens Award for Enterprise: Sustainable Development.

Designed and produced by AMEC Corporate Communications, typeset by the Artwork Agency with photography by Simon Kreitem, Kenneth Krehbiel, Ken Taylor and James McMillan.

Cert no. SGS-COC-0620

AMEC plc annual report and accounts 2008

Differentiating AMEC

AMEC plc76-78 Old Street London EC1V 9RU United Kingdom

Tel: +44 (0)20 7539 5800

amec.com

AM

EC plc annual report and accounts 2008

28455_AMEC_covers.indd 1 31/3/09 19:02:11