anite group plc
annual report and accounts 2007 anite group plc overview
who we are
anite is an international software and solutions
company which provides industryspecific solutions
based on its deep sector knowledge of the wireless
telecoms travel and public sector markets
these solutions almost always include the supply 
of aniteowned software products at their core
the group offers a comprehensive service to its
customers including implementation systems
integration maintenance and managed services
enabling it to maximise customer satisfaction 
and financial returns
annual report and accounts 2007
who we are
overview
1 financial highlights
2 anite at a glance
4 chairman’s statement
review
6 chief executive’s review
12 financial review
management and governance
20 directors and advisers
22 report of the directors
25 corporate governance report
32 remuneration report
37 report of the audit committee
financial statements
38 statement of directors’ responsibilities
39 independent auditors’ report group
40 consolidated income statement
41 consolidated balance sheet
42 consolidated statement of changes in equity
43 consolidated cash flow statement
44 notes to the accounts
81 fiveyear summary
82 independent auditors’ report company
83 company balance sheet
84 company statement of changes in equity
85 company cash flow statement
86 notes to the company accounts
additional information
91 information for shareholders
92 group directory  continuing operations before disposed businesses sov £04m sharebased payments £18m and amortisation of acquired intangible assets £13m
for reconciliation of underlying results to reported statutory results see note 25 on page 54
overview
financial highlights
anite group plc
underlying results
 profit before tax £279m 2006 £258m included the impact of
 £20m profit from nemo after £05m oneoff integration costs
 currency movements reduced profit by £20m
 total development spending of £180m 2006 £145m of which £150m 2006 £124m was expensed in the period
 revenues of £1717m 2006 £1662m included the impact of 
 £69m revenue from nemo and £10m from invenova
 significantly lower thirdparty hardware revenues down by £149m 
 currency movements reduced revenues by £26m 
 operating margins up to 167 2006 152
 basic earnings per share 58p 2006 53p diluted earnings per share 57p 2006 53p
statutory results
 revenue from continuing operations £1732m 2006 £1647m
 group profit before tax from continuing operations £240m 2006 £104m
 group profit after tax from discontinued operations £33m 2006 £53m
 group profit after tax for the year £203m 2006 £89m
 basic earnings per share 58p 2006 25p diluted earnings per share 57p 2006 25p
 recommended final dividend of 055p per share making a total of 080p per share 2006 05p 
operating highlights
 orders up 64 at £1849m 2006 1737m including a record year for travel and wireless
 software licences and recurring revenues up to 604 of total revenues 2006 527
 strong operating cash flow during the year
 net debt of £225m 2006 net cash £358m after
 payment of £114m in respect of state of victoria sov settlement and closure costs
 £22m settlement of onerous property lease
 total initial consideration and costs in relation to nemo of £605m and invenova £32m
 acquisitions during the year of nemo and invenova – initial integration substantially completed
 significant progress with pericles
 disposal of anite deutschland completed on 9 july post year end for a total consideration of £80m
1
financial highlights
annual report and accounts 2007
£279m
profit before tax £m
58p
basic earnings per share p
£1717m
revenue £m
2007 1717
2006 1662
2007 279
2006 258
2007 58
2006 53 anite at a glance
anite group plc overview
anite at a glance
wireless
2
annual report and accounts 2007
 anite provides specialist systems and software 
for testing mobile phone handsets and networks
 customers are global mobile technology developers
mobile phone manufacturers test houses and mobile
phone operators
 wireless reported good results continuing its strong
progress of recent years with orders revenues and
profits up
 it included a five month trading contribution from
nemo acquired 30 november 2006 and three months
from invenova acquired 29 january 2007
 there was an excellent performance in the americas
europe and india with tougher conditions in the
far east
 anite is a leading travel technology solution provider
for tour operators air fare consolidators and cruise
ferry motor and rail inclusive operators in the uk
and europe
 travel reported good revenue and profits growth 
and strong order input with good overseas growth
 our new internet based reservation system 
comres was successfully tested and proved 
with a benchmark test
 comres opens the door to a migration path for
legacy product users whilst boosting our international
sales push and helping us maintain our market
leading position
 major uk and international orders were received from
condor ferries finnair first choice norwich union 
tui uk and germany and xl leisure group
 anite is a market leader in software and solutions to
key parts of local government as well as an important
supplier of secure information solutions sis to the
criminal justice markets
 more than 400 public sector organisations including 
all uk police forces and 75 of local authorities use
our solutions
 central government and criminal justice agencies 
use our surveillance intelligence gathering recognition
biometric security and fraud solutions
 public sector’s overall performance improved markedly
with a strong performance by sis and a significant
reduction in pericles losses
 we increased the profitability of our local government
business despite a fall in orders and revenues achieved
through substantial cost reductions and tight
operational management
travel
public sector overview
anite at a glance
anite group plc
3
annual report and accounts 2007
transforming anite
2007 647
2006 570
2007 185
2006 162
2007 286
2006 284
2007 283
2006 173
revenue £m
operating margin  headcount
underlying operating profit £m
2003
1
2007 proforma
2
2007 291
2006 263
2007 68
2006 60
2007 234
2006 228
2007 240
2006 227
revenue £m
operating margin  headcount
underlying operating profit £m
2007 662
2006 708
2007 51
2006 37
2007 77
2006 52
2007 653
2006 733
revenue £m
operating margin  headcount
underlying operating profit £m
ukcentric global
£21m operating 
profit
£31m operating
profit
3
10 margin 17 margin
2121 staff 1314 staff
9x interest cover 39x interest cover
public sector led wireless led
it services focus
software own ipr
managed
services focus
legacy issues strong balance sheet
operational issues
strategic 
development
 continuing operating profit before disposed businesses and sov sharebased payments 
and amortisation of acquired intangible assets
1 2003 results are the results reported in the accounts under uk gaap for
the ongoing business before closed businesses goodwill amortisation and
exceptional items
2 ifrs proforma results for 2007 include the results of nemo on the basis
that they had been included from 1 may 2006 and the results of anite
deutschland which was sold on 9 july 2007 this business contributed
£117m of revenue and £06m of operating profit in the year ended 
30 april 2007 but did not qualify as a discontinued operation
3 reconciliation of proforma results to underlying operating profit from
continuing operations
2007
revenue operating profit
£m £m
underlying continuing results as reported 1717 287
less nemo – five months 69 20
add nemo – 12 months 145 44
adjusted proforma results 1793 311
for a reconciliation of underlying operating profit from continuing
operations to reported 2007 operating profit see note 24 on page 54
£216m revenue £179m revenue the last three financial years have been transformational for
anite with the current management team delivering increased
strategic momentum enhanced by their being able to focus
wholly on anite’s core businesses and growth strategy
following the resolution of various historic issues which had
affected the group
two acquisitions and three disposals one since the year end
were further milestones in anite’s continuing transformation
into a leading global software business with a stronger focus
on wireless telecoms from a ukcentric public sector and it
consulting and services business
acquisitions and disposals
in the second half of the financial year we made two important
acquisitions our first for some years the first and larger of the
two was nemo technologies limited a leading finlandbased
global provider of specialist systems and software for mobile
phone network testing the second acquisition was of invenova
corporation a californiabased provider of software and
systems for wimax wireless broadband device testing
these acquisitions represent important further steps in the
development of anite’s wireless business which we have put
firmly at the heart of the group both acquisitions were in 
line with our strategy of entering adjacent telecoms markets
through either internal investment or acquisition whilst
enhancing customer penetration and global presence
following these acquisitions our wireless business as a whole
now represents around 40 of group revenue and 65 of
group underlying operating profit on an annualised basis 
 “wimax” is a trademark of the wimax forum®
we also successfully disposed of two small noncore
businesses respectively based in germany gmo management
consulting and italy anite opentur since the year end we
have also disposed of our remaining german it services
business anite deutschland 
we will continue to review selective acquisition opportunities
that would help achieve our aim of being number one or two
in our chosen markets and to dispose of businesses for which
we see little prospect of achieving critical mass in the short to
medium term our overriding objective in all cases is to create
shareholder value
divisional overview
we made good progress in all our businesses during the year 
a full account of the group’s activities is included later on in
this report but i set out some highlights of the year below
wireless which holds many leading global positions in its
chosen fields had another successful year continuing to invest
in research and development whilst maintaining its leading
market position the acquisitions of nemo and invenova which
operate in adjacent and complementary areas of the wireless
telecoms markets add new products to our existing portfolio
deepen our customer relationships and broaden our
geographical reach
our market leading travel division had an excellent year 
we invested further in its exciting new reservation system
comres which is at the forefront of helping its tour 
operator customers meet the challenges of internetbased
competition it has a record order book boosted by significant
international growth
chairman’s statement
anite group plc overview
chairman’s statement
“i am pleased to report 
a strong performance 
by anite in the year 
under review with 
good results from 
our wireless and 
travel businesses 
and an improved 
overall result from
public sector”
4
annual report and accounts 2007
clay brendish
chairman overview
chairman’s statement
anite group plc
5
annual report and accounts 2007
our public sector division which is a market leader in a
number of its key activities reported improved overall results 
a good performance by secure information solutions sis 
and a reduction in pericles losses helped counterbalance the
continued softness in the local government market
group results
underlying profit before tax from continuing operations was
£279m 2006 £258m giving basic earnings per share of 
58p 2006 53p underlying group revenue amounted to
£1717m 2006 £1662m 
nemo contributed £69m of revenue and £20m of underlying
profit revenues and profits were also impacted by significantly
lower third party hardware revenues down £149m and the
weakness of the us dollar the currency impact affected
wireless in particular and reduced revenues by £26m and
profits by £20m on a constant currency basis group
development spending in the period rose to £180m 
2006 £145m of which increase £28m was in the wireless
division net capitalised development was £30m 2006 £21m
good cost control and a better mix benefited underlying
operating margins which were 167 2006 152 in the
period unallocated group corporate costs increased by £11m
including £05m of additional sharebased payments additional
professional fees interim finance director costs and the impact
of having established a central project management resource
overseeing major contract bids and project governance
group profit after tax including discontinued operations was
£203m 2006 £89m with basic earnings per share of 58p
2006 25p and diluted earnings per share of 57p 2006 25p
pericles losses reduced substantially during the period and
there has been no addition to the related contract provisions
all outstanding customer disputes have now been either
agreed or settled within the provision
dividend and share buyback 
following the resumption of dividend payments last year with
the first dividend since 2000 the board adopted a progressive
dividend policy with an intended split of approximately one
third at the half year and two thirds at the full year 
for 2007 the board is recommending a final dividend of 
055p per share 2006 05p which together with the interim
dividend paid of 025p per share makes a total dividend
payable for the year of 080p 2006 05p the final dividend
will be payable on 16 november 2007 to shareholders on 
the register on 19 october 2007 
a resolution to renew the authority to buy back shares was
approved at the group’s agm held on 3 october 2006 
during the year 08m shares were bought back for cancellation
at a cost of £06m and an average price of 715p per share
people
we were pleased to welcome christopher humphrey our
group finance director back to the business in january 
having taken a leave of absence on health grounds we thank
geoff bicknell who stood in as interim group finance director
in chris’s absence
on behalf of the board i would like to thank all employees 
for their contribution hard work and support during the year
change of name
in order to recognise the changing nature of the group and 
to enable simplified marketing shareholders will be asked 
to approve a resolution to change the name of the company 
to “anite plc” at the agm to be held on 3 october 2007
conclusion 
over the course of the last year the transformation of the group
through investment acquisitions and disposals has continued 
the board is cautiously optimistic about anite’s prospects and
progress for the current financial year 
clay brendish chairman
200203
wireless
notes 1  from continuing operations including international and excluding sov
2  wireless shows enlarged wireless group incorporating nemo revenues for 12 months to 30 april 2007
other
other
wireless
200607 proforma
2
81
19
60
40
revenue transition
1
operating profit transition
1
fy 200203
wireless
notes 1  from continuing operations including international and excluding sov
2  wireless shows enlarged wireless group incorporating nemo profit for 12 months to 30 april 2007
other
other
wireless
fy 200607 proforma
2
57
43 33
67 “during the past year 
we made significant
progress in achieving
our ambition of being
the leading supplier 
of industryspecific 
it solutions to those
sectors in which we
have chosen to operate”
chief executive’s review
anite group plc review
chief executive’s review
a combination of investing in our products making acquisitions
to strengthen our position and disposals to sharpen our focus
enabled us to make considerable progress in achieving our
ambition to be the leading supplier of industryspecific it
solutions in the sectors in which we operate we intend to
continue transforming anite into a softwarebased company 
as part of that we will maintain our focus on our existing
markets expand the products and services we offer our customers
and seek to grow our geographic footprint and customer base 
objectives
the key elements of our strategy to enable us to deliver
longterm shareholder value are to
 realign the business to put the wireless business at its heart
 deliver organic growth in all our operations
 continue to focus on revenue and earnings growth
maintaining and improving margins and maintaining 
strong operational cash flow
 improve the quality of our business by increasing the
proportion of longterm recurring revenue and 
 continue to look for businesses to acquire in our core
markets to enable us to increase our geographic coverage
range of products and technology offers
strategic progress
the two acquisitions in our wireless division are the first 
we have made for many years they are an indication of how
central the wireless business is to the company as a whole 
and of our determination to continue to be a market leader
in november 2006 we bought nemo a finlandbased
company which provides specialist systems and software for
testing mobile phone networks nemo originated within nokia
in the 1990s nokia continues to be a key partner for both
technology and sales and marketing adding network testing 
to our existing handset testing capability has enabled us to
enter a market which is complementary to our existing
wireless business where we had previously sold our
technology to mobile phone manufacturers and their suppliers
to enable them to test the viability of new products we now
also sell a range of solutions to the world’s leading mobile
phone operators the introduction of new technologies creates
increasing complexity in the way mobile phones communicate
with cellular base stations now we are able to supply the
software which enables operators to measure and analyse 
the quality of the interface between the mobile devices they
are developing and the radio access infrastructure 
in january 2007 we made an additional positive step in our
wireless business when we acquired invenova this small 
but fastgrowing company was chosen by the wimax forum 
– the industry body which promotes and certifies mobile
equipment for this wireless broadband technology – as the 
first certified protocol conformance test provider for the new
mobile wimax standard the acquisition of invenova created
the opportunity to establish anite in the wireless broadband
test systems market to diversify its product portfolio across 
a range of wireless technologies and to add all the major
wimax developers to its customer base
we believe there will be further opportunities to acquire
businesses to strengthen our wireless test business to the
benefit of our customers and our shareholders
6
annual report and accounts 2007
steve rowley
chief executive review
chief executive’s review
anite group plc
7
annual report and accounts 2007
accelerating timetomarket for wimax mobile products
during 2007 anite entered into a collaboration with
beceem communications the leading provider of
semiconductor solutions for the wireless broadband market
to enable customers to use their respective products more
effectively beceem – the first company to make terminal
chipsets for the ieee 80216e mobile wimax standard
commercially available – was already using anite solutions
to verify its reference designs
in addition to collaborating on the wimax standard 
the two companies are introducing a customer support
programme to give beceem customers working with 
its chipset products access to configuration information 
and testing tools which are proven to work with the 
latest versions of its software and firmware chief executive’s review continued
anite group plc review
chief executive’s review
8
annual report and accounts 2007
costeffective analysis of early product designs
anite has been working with interdigital – which designs
develops and provides advanced wireless technologies 
and products that drive voice and data communications –
for several years interdigital a leading contributor to 
global wireless standards licenses its technologies to
manufacturers of 2g 25g 3g and 802 products
worldwide 
anite’s wireless test solutions have enabled interdigital to
analyse product designs early in the development process
and to resolve issues before they become problems 
our innovative software and collaborative approach help
interdigital to prove that its architecture meets the
demands of realworld users we in turn benefit from
gaining valuable insights into the wireless product
development process enabling us to continue to improve
our bestinclass tools for the development conformance
and interoperability markets review
chief executive’s review
anite group plc
9
annual report and accounts 2007
international expansion
another important part of our strategy is to expand
internationally – to increase our geographic reach – to respond
to the nature of our core markets and the needs of our
customers our wireless business has for many years been
increasing its international presence but our travel business
has been predominantly uk based
for the past three years we have been developing a new travel
reservation system in internetbased technologies and as a
result have created a product that can be sold internationally
we can now offer the global tour operator industry a full
enterprise solution from booking hotels and airlines to posting
booked holidays to the sales ledger as a result our travel
division has not only had a record year for orders having won
very large international clients but is also confident that it 
will be the market leader for the future
there is no doubt that the larger opportunities for travel 
are outside the uk our strategy is to increase the division’s
international sales in a similar way to the wireless division
which now earns around 90 of its revenue from outside
the uk
our markets
anite operates in three clearlydefined markets wireless 
travel and public sector
wireless anite provides specialist systems and software for
testing mobile phone handsets and networks over the past
three years we have increased our share of the wireless testing
market which according to industry analysts is expected 
to continue to grow at 12 a year the drivers for this are
constant innovation and the multitude of wireless standards 
– many of which are incorporated into a single device – the
frequency with which mobile users change their devices and the
effect developing markets will have on the industry as a whole
the pressure on manufacturers to bring devices to market
faster and cheaper and for network operators to retain the
loyalty of their subscribers provides further opportunities 
for growth our customers are
 mobile technology developers who use our systems 
to test new chipsets and protocol software at a 
pre and postsilicon stage of their development process
 mobile phone manufacturers who use our systems 
to test newlydeveloped handsets before they go
into production
 test houses who carry out formal “type approval” tests 
on phones and devices that have similar technology and
 mobile phone operators who are concerned about
validating new technologies such as hsdpa and which 
use our air interface testing solutions
the opportunities for our wireless business emanate from 
a number of factors in what is a fastevolving industry
 continuing growth in worldwide mobile telephone sales
 improved geographic coverage of our sales operations
 rollout of new technologies such as 3g hspa wimax
and the longterm evolution of 3g
 continuing development spend to stay at the forefront 
of changes in technology
 increased proliferation of wireless devices and
 increased demand from operators to improve the quality
and efficiency of the network
our wireless division already holds many leading positions 
in its chosen fields worldwide but we will continue to invest 
in research and development to ensure that it maintains and
improves its market position the acquisitions of nemo and
invenova have added new products to our portfolio and will
enable us to strengthen our customer relationships and expand
our geographic reach
travel anite is a leading provider of travel technology solutions
for tour operators air fare consolidators and cruise ferry motor
and rail inclusive operators in the uk and europe we are
developing our products to help our customers adapt to the
increasing effect the internet is having on their markets 
our customers can license our products and operate the
system themselves or buy a complete managed service
package under which we run the service – including looking
after hardware and software – at one of our data centres
depending on the size of their operations we have the 
ability to tailor our service to meet customers’ specific needs
our flexible pricing model enables smaller customers 
to pay on a pertransaction basis
the travel market has changed dramatically in recent years 
the majority of the growth is now in short breaks and specialist
holidays for which customers go online to build their own
packages of flights hotels and car hire consolidation in the 
uk market has resulted in the top four tour operators merging
into two larger competing companies 
the principal factors which will affect the development of our
travel business are
 market consolidation in the uk
 growing demand for shortbreaks and specialist holidays
is increasing the size of the market chief executive’s review continued
anite group plc review
chief executive’s review
10
annual report and accounts 2007
“we intend to continue with the transformation 
of anite into a softwarebased company as part 
of that we will maintain our focus on our existing
markets while expanding the range of products
and services we offer our customers”
 the internet providing a doityourself approach which 
is changing the nature of holiday booking and has resulted
in an increased demand for tailormade travel booked
online our browserbased comres solution combines
content management reservations and customer
relationship management systems for direct online
bookings call centre reservations fastsearch facilities 
and improved marketing activity – which can all be
supported by a 24x7 managed service and
 recent world events such as unrest in the middle east
avian flu and terrorism have affected the pattern of
customer demand for holidays
during the year we increased our investment in our comres
reservation system the scaleability of which was proved by a
successful benchmarking test and secured orders from leading
uk and international companies enabling users of legacy
systems to migrate to our internetbased technology will help
us to maintain our marketleading position while at the same
time enabling us to increase our international sales efforts 
public sector anite is a market leader in software and
solutions to key parts of local government including local tax
collection benefits payments housing management and social
care solutions – as well as an important supplier of secure
information solutions sis to the criminal justice markets
more than 400 public sector organisations including all uk
police forces and 75 of local authorities use our solutions
our customers are
 local authorities who use our workflow tax social care
benefits and housing solutions
 central government and criminal justice agencies who
use our surveillance intelligence gathering recognition
biometric security and fraud solutions
our public sector customers are affected by a number
of imperatives
 the need to improve efficiency and effectiveness as the
result of legislative and political drivers these continue to
put pressure on public sector organisations to make cost
savings yearonyear and to improve return on investment
 the call for increased accessibility and transparency from
the government which is focused on transforming citizen
services and improving corporate performance and
 the ability to share information by working together 
to protect vulnerable people and provide cleaner and 
safer streets
many shareholders will be familiar with the multiyear
programme of work on the pericles product and the associated
legacy customer contracts i am delighted to report that our
pericles customers are all now successfully using the software
in a live environment and that all contracted customer
implementations for all pericles modules are complete 
this enables us to bid for new contracts with confidence
the investment we have made in developing new products 
in document management in our integrated children’s and
adults’ systems and in addressing the changing housing
market will contribute positively to our business in the current
year while we believe this market will continue to be tough
we anticipate further improvement in our operating margins
outlook
we will continue to focus investment in our growth markets 
to respond to customer demand and to maximise opportunities
from advances in technology this will be evidenced in a further
increase in development spending this year principally
in wireless
our wireless division which now includes nemo and invenova
will continue to take advantage of growth in its underlying
markets in emerging regions and new technologies we expect
increased investment in development combined with currency
movements however to temper the rate of profit growth
despite rising revenues
we expect our travel division to benefit from delivering 
its significant order book it will continue to invest in the
transition to comres and in international opportunities 
as the leading uk supplier we intend to take advantage of 
the rapidly consolidating uk tour operating market
public sector’s markets will be adjusting to the recent changes
in the government at a time of generally tight control of
public spending and strong competition between suppliers
demand in local government has stabilised and there are
good sales opportunities in some of the niche markets we
address and we continue to see good opportunities in sis
although public spending pressures will undoubtedly continue
we are well placed to capitalise on the opening up of new
markets for the services that sis offers 
we have had a satisfactory start to the current financial year
when our customary seasonality is taken into account and look
ahead with cautious optimism about our progress and prospects
steve rowley chief executive review
chief executive’s review
anite group plc
11
annual report and accounts 2007
a new route to creating holiday packages
anite’s browserbased comres solution is proving to be 
a hit with travel operators it combines content management
cms and reservation and customerrelationship management
systems for online and call centre bookings with faster
searching facilities and improved marketing facilities
suntours finnair’s leisure travel division is one of the many 
uk and european companies to adopt comres the finnish
operation has enhanced its investment by implementing
anite’s dynamic cache which enables users to create and find
holiday packages quickly without increasing the load on the
system four branded websites will run off the new system
where the sites will be configured built and implemented 
by anite the systems will be then hosted and managed by
anite at its secure data centre in berkshire financial review
anite group plc review
financial review
the group’s strong financial performance in 20062007 continued the progressive improvement of recent years it enabled 
us to invest in opportunities for growth while at the same time withstanding the cash costs relating to pericles and sov
as part of the continuing transformation of the group we sold two small nonstrategic businesses – gmo management
consulting and anite opentur during the year and one – anite deutschland after the year end this completed the programme 
of disposals of international it services businesses none of which had aniteowned software at their core
group kpis
the group uses a variety of key performance indicators kpis across its various businesses and at a group level the most
important of these at group level for continuing operations excluding disposed businesses and sov are
2007 2006
order intake £m 1849 1737
revenue £m 1717 1662
underlying operating profit
1
 £m 287 252
operating margin  167 152
free cash
2
excluding exceptional sov and lease settlement £m 204 55
rd spend £m 180 145
headcount 1311 1247
1 before sharebased payments and amortisation of acquired intangible assets
2 free cash represents net cash from operating activities less capital expenditure and capitalised development costs
there are other nonfinancial kpis used by the board including major project performance and sales prospect pipeline which are
nonquantitative in nature
12
annual report and accounts 2007
“anite is now a business
which has a strong
balance sheet and three
businesses with high
underlying margins”
christopher humphrey
group finance director review
financial review
anite group plc
13
annual report and accounts 2007
divisional overview
we made good progress in all our businesses during the year 
wireless division
wireless kpis
2007 2006
orders £m 684 556
revenue £m 647 570
underlying operating profit £m 185 162
operating margin  286 284
rd total spend £m 111 83
headcount 283 173
 continuing operations before disposed businesses sharebased payments and amortisation of acquired intangible assets
 operating margin represents underlying operating profit divided by revenues
wireless reported good results continuing its strong progress of recent years with orders revenues and profits up and increasing
software licences representing 57 2006 46 and recurring revenues representing 22 2006 22 of divisional revenues
this performance which was affected by a reduced proportion of hardware platform sales included a fivemonth trading
contribution from nemo acquired 30 november 2006 and three months from invenova acquired 29 january 2007 nemo
contributed £69m in revenues and £20m in operating profit after oneoff integration costs of £05m negative currency
movements principally in the us dollar had a £26m impact on revenue and a £20m impact on profits on a constant currency
basis 2007 results restated at 2006 exchange rates
performance in the americas europe and india was excellent although there were tougher conditions in the far east the division
also increased its total development spending as anticipated by £28m this continuing investment in software product
development and new hardware platform helps maintain market and technology leadership in our core segments enabling us to
be firsttomarket with new technologies while reducing hardware costs to boost our leadership further we have initiated plans
to increase our investment in our offshore development capabilities in india
market developments during the year included continued global growth in mobile handset sales the ongoing adoption of 3g 
hsdpa hsupa and wimax and the proliferation of new wireless devices services and standards these were partly balanced by
the continuing decline of demand for older 2g technologies the impact of consolidation among customers and more aggressive
pricing tactics by competitors 
travel division
travel kpis
2007 2006
orders £m 460 305
revenue £m 291 263
underlying operating profit £m 68 60
operating margin  234 228
rd total spend £m 05 01
headcount 240 227
travel had an excellent year ahead of our original expectations it reported good revenue and profits growth and strong orders
with good growth overseas this combined with the sale of the small lowermargin opentur business based in italy resulted in
improved margins once again substantial recurring software maintenance and managed services revenues from the division’s
installed customer base delivered more than 43 2006 45 of divisional revenues software licence revenue represented 3
2006 2 of divisional revenues
as expected the year was a transitional one for the business as it steadily increased development spending on comres our new
reservation system with £05m 2005 £01m invested in the year comres’s scaleability which is critical to its customer standing
was also successfully tested and proved with a benchmark test comres opens the door to a migration path for legacy product
users whilst boosting anite’s international sales push and helping us maintain our market leading position in the uk
2007 57
2006 46
wireless
software licences by division  of divisional total
2007 12
2006 13
public sector
2007 3
2006 2
travel financial review continued
anite group plc review
financial review
14
annual report and accounts 2007
during the year major uk and international orders were received from condor ferries finnair first choice tui uk and germany
and xl leisure group and a managed service order from norwich union a nontravel customer as a result the divisional order
book now stands at record levels these new orders combine an attractive mix of software licence implementation and longterm
managed services and demonstrate the successful introduction of comres to the market
public sector division
public sector kpis
2007 2006
orders £m 588 751
revenue £m 662 708
underlying operating profit £m 51 37
operating margin  77 52
rd total spend £m 64 61
headcount 653 733
 continuing operations before disposed businesses sharebased payments and amortisation of acquired intangible assets
 operating margin represents underlying operating profit divided by revenues
public sector’s overall performance improved markedly despite the widelydiverging performances of the constituent businesses
there was a strong performance by sis and a significant reduction in pericles losses but revenue and profit fell in the remainder 
of the local government business 
overall divisional software licences represented 12 2006 13 and recurring revenues increased to 38 2006 29 of
divisional revenues and there was a substantial reduction in thirdparty revenues 
we entered the year anticipating that there would be a significant slow down in the demand for our local government software
applications despite a fall in orders and revenues cost reductions and tight operational management enabled us to increase the
profitability of our local government business overall 
many of you will be familiar with the multiyear programme of work on the pericles product and the associated legacy customer
contracts and we are now able to report that all of our pericles customers are now successfully using the software in live
operation in addition all contracted customer implementations for all pericles modules are complete we are now in a position
to confidently bid for new contracts and focus on making our revenue  benefits product business of which pericles is a key
component profitable as soon as possible 
our secure information solutions sis business which primarily addresses the uk police and criminal justice market made
progress with good growth in its software and services revenue focused on margin enhancement and a reduction in lower 
margin sales as a result profitability of this unit grew strong customer relationships have enabled us to make progress against 
a backdrop of tight budgets across the sector
international division
international comprised solely anite’s german consultancy business which was profitable in the year and which was disposed 
of after the year end 
group trading summary – continuing operations
the following two tables set out the operating results of continuing operations for the group as a whole and by division 
the financial information identifies key accounting adjustments such as sharebased payments intangible asset amortisation
resulting from recent acquisitions and nonoperational property costs 
2007 22
2006 22
wireless
recurring revenues by division  of divisional total
2007 38
2006 29
public sector
2007 43
2006 45
travel review
financial review
anite group plc
group results continuing operations
2007 2006
before before
disposed disposed disposed disposed
and sov and sov total and sov and sov total
£m £m £m £m £m £m
revenue 1717 15 1732 1662 15 1647
operating profitloss before exceptional items 
and amortisation and sharebased payments 287 03 290 252 142 110
sharebased payments 18 – 18 12 – 12
amortisation of acquired intangible assets 13 – 13 –––
operating profitloss 256 03 259 240 142 98
other gains and losses – 11 11 –––
net finance chargesincome 08 – 08 06 – 06
profitloss from continuing operations before tax 248 08 240 246 142 104
divisional results
2007 2006
profit pre sbp
1
profit pre sbp
1
revenue sbpaaia aaia
2
profit revenue sbpaaia aaia
2
profit
£m £m £m £m £m £m £m £m
wireless – telecoms 578 165 04 161 570 162 02 160
wireless – nemo 69 20 13
3
07 ––––
total wireless 647 185 17 168 570 162 02 160
secure information solutions 210 31 – 31 206 20 – 20
local government 399 47 02 45 465 66 02 64
pericles 53 27 – 27 37 49 – 49
total public sector 662 51 02 49 708 37 02 35
travel 291 68 03 65 263 60 03 57
international 117 06 – 06 121 10 01 09
1717 310 22 288 1662 269 08 261
unallocated corporate costs 19 09 28 13 04 17
property costs 04 – 04 04 – 04
operating profit 287 31 256 252 12 240
interest 08 – 08 06 – 06
profit before tax 279 31 248 258 12 246
basic eps 58p 05p 53p 53p 02p 51p
 continuing operations excluding disposed businesses and sov
1 sbp  sharebased payments
2 aaia  amortisation of acquired intangible assets
3 aaia only
15
annual report and accounts 2007 financial review continued
anite group plc review
financial review
orders
orders for continuing businesses excluding disposed businesses and sov increased by 64 and are analysed by division below
2007 2006
order order
order intake order intake 
intake revenue as  of intake revenue as  of
£m £m revenue £m £m revenue
wireless 684 647 106 556 570 97
public sector 588 662 89 751 708 106
travel 460 291 158 305 263 116
international 117 117 100 125 121 103
total 1849 1717 108 1737 1662 104
 wireless included £69m orders for nemo in 2007
revenue
revenue for continuing businesses excluding disposed businesses and sov increased by 33 to £1717m and is analysed by type
in the table below
one of the group’s financial objectives is to improve the quality of its earnings by increasing the proportion of revenue that
comes from recurring business such as managed services and software maintenance both of which are longer term in nature
together with software licence revenue which is derived from the group’s internally developed ipr and knowhow
revenue analysis
2007 2006
£m  £m 
managed services 212 123 216 130
software maintenance 365 213 296 178
recurring revenues 577 336 512 308
software licences 460 268 363 219
total software and recurring 1037 604 875 527
bespoke and si 391 228 373 224
it consultancy 46 27 22 13
third party 243 141 392 236
total 1717 1000 1662 1000
profit
underlying operating profit for the year was £287m 2006 £252m group profit after tax for the year was £203m 2006 £89m
overhead costs
divisional performances are stated before unallocated group corporate costs unallocated group corporate costs include head
office staff costs directors’ remuneration professional and office costs and nonoperational costs during the period unallocated
group corporate costs totalled £19m 2006 £13m unallocated sharebased payments totalled £09m 2006 £04m 
group corporate costs increased as a result of the establishment of a central project management resource the appointment 
of an interim finance director and professional advisory fees some of which are oneoff in nature
nonoperational property costs in the period of £04m 2006 £04m principally arose from the settlement of an onerous
longterm lease we continue to manage an orderly rundown of this portfolio which comprises legacy properties previously
occupied by group businesses 
16
annual report and accounts 2007 review
financial review
anite group plc
the contract provisions utilised during the year were £114m in respect of sov and £04m in respect of pericles making a total
of £118m 2006 £55m contract provisions carried forward into the current financial year total £19m including £01m for
residual sov closure costs and £18m for pericles 
overall costs of the continuing operations of the group are analysed below
continuing operations costs
2007
pre nemo 2007 2006
nemo costs total total
£m £m £m £m
distribution costs 115 09 124 109
administrative expenses 446 32 478 421
total overhead costs 561 41 602 530
less sharebased payments 18 – 18 12
development costs 143 07 150 124
amortisation of acquired intangible assets – 13 13 –
adjusted overhead costs 400 21 421 394
continuing revenue  243 304 245 237
 nemo administrative costs include oneoff integration costs of £05m
costs related to nemo are for five months only and nemo administrative costs include oneoff integration costs of £05m 
the above analysis does not separate out invenova which was fully integrated into the wireless business in the period 
total development spending increased to £180m 2006 £145m of which £150m 2006 £124m was expensed in the year
including amortisation of £30m 2006 £15m development spending largely focused on wireless and public sector total
development spending is expected to increase by approximately 10 in the current year with a firsthalf to secondhalf split 
of roughly 5050 and over 70 of the spending continuing to be focused on wireless
development spending by division during the year was as follows
2007 2006
capitalised in year capitalised in year
pl gross amortisation net total pl gross amortisation net total
£m £m £m £m £m £m £m £m £m £m
wireless 96 35 20 15 111 79 18 14 04 83
local government 49 25 10 15 64 44 18 01 17 61
travel 05––– 05 01 – – – 01
total 150 60 30 30 180 124 36 15 21 145
wireless includes nemo development costs of £07m in 2007
17
annual report and accounts 2007
development spend £m
2007 111
2006 83
wireless 
2007 64
2006 61
public sector
2007 05
2006 01
travel financial review continued
anite group plc review
financial review
group finance costs
following the acquisition of nemo and invenova the group had a net debt position on 30 april 2007 of £225m as a result net
finance costs of £08m were incurred in the year compared with net finance income of £06m in the previous year full details 
are given in note 4 to the accounts
t axation
the tax rate for the continuing operations for the year was 282 2006 278 the charge for the year amounted to £70m
2006 £69m the cash payment for the year amounted to £25m 2006 £49m the tax rate increased as expected as a result
of the increase in profits from countries where tax rates are higher than the uk principally in anite wireless’s us operation
as wireless continues to widen its geographic spread of profits in higher tax regimes the group tax rate is expected to continue
to rise modestly excluding the benefit of derisking 
further progress was made during the year with respect of derisking the group’s tax provision and this has led to a £38m
exceptional tax credit 2006 £32m arising from the reassessment of provisions established in the past for taxation attributable
to discontinued activities
shareholder returns and dividends
 underlying basic earnings per share increased to 58p
 the board has proposed a final dividend of 055p per share 2006 05p making a total for the year of 080p 2006 05p 
– covered seven times by underlying earnings
 retained earnings to equity holders increased to £203m 2006 £89m for the year
the number of shares in issue increased in the period under review to 35275m at 30 april 2007 from 35136m at 30 april 2006
in total 086m shares were bought back and cancelled at an average price of 715p per share and a total cost of £06m 225m
new shares were issued to settle saye and option maturities the weighted average number of shares in issue used to calculate
basic earnings per share was therefore 35016m 30 april 2006 34948m this does not include the dilutive effect of share
option and saye schemes
the number of executive share awards and options vested but not yet exercised was 81m and the number issued but not yet
vested was 105m
disposals
the disposals of gmo management consulting gmbh part of the international division for a gross consideration of £01m 
and anite opentur srl part of the travel division for a gross consideration of £01m were completed within the financial year
since the year end we have also disposed of our remaining german it services business anite deutschland management gmbh
and its subsidiaries 
cash management
as expected the conversion of operating profits to cash during the year improved from the previous year despite payments 
at the beginning of the year to settle the sov contract £114m and a payment to settle a legacy onerous property lease
£22m as the result of a number of anticipated factors including
 reduced losses from pericles contracts
 lower income taxes paid
 improved management of working capital and
 reduced capital expenditure
18
annual report and accounts 2007 review
financial review
anite group plc
other factors that influenced cash flow during the year were
 the acquisitions of nemo and invenova
 the purchase of own shares and
 the first dividend payment since the year 2000
capital expenditure which totalled £37m 2006 £63m fell as a result of the nonrecurrence of significant expenditures incurred
last year on wireless development and demonstration equipment 
balance sheet and cash
the group generated strong operating cash flow during the period in conjunction with the acquisition financing in relation to
nemo and invenova and other opportunities our existing banking facilities were renegotiated and increased during the period 
analysis of net debtcash
2007 2006
£m £m
cash and cash equivalents 187 363
escrow deposit re nemo earnout 82 –
bank borrowings 500 –
unamortised facility issue costs 05 –
interest rate swaps 01 –
loan notes – 05
net debtcash 225 358
yearend net debt was £225m 2006 net cash £358m after payment of £114m in respect of the sov settlement and closure
costs in july 2006 £22m in relation to the settlement of an onerous property lease and the cash costs of the acquisitions of
nemo £605m and invenova £32m
the group’s syndicated banking facility has recently been renegotiated to a total facility of £90m and is not due to be reviewed
again until 30 november 2011 in addition the group retains a £10m overdraft facility renewable annually we believe these
facilities are appropriate for our expected future requirements 
managing business risks
the board continues to develop processes for the identification assessment and management of the principal risks to which the
group is exposed
the principal risks that may affect the group are the control of business assets and political project delivery strategic operational
and financial risks these are not all within the group’s control and factors other than those listed may also have an effect further
details concerning these and other risks and the actions being taken to mitigate them are in the report on corporate governance
from page 25 
postbalance sheet event
on 9 july 2007 the group disposed of anite deutschland management gmbh “anite deutschland” and its subsidiaries to 
vega group plc for a total consideration of £80m payable in cash on completion
at 30 april 2007 the directors considered that the sale was not highly probable and therefore did not qualify as a heldforsale
disposal group nor as a discontinued operation anite deutschland’s results were the only results in the international consulting
division and will be presented as a discontinued operation in the 2008 financial statements
christopher humphrey group finance director
19
annual report and accounts 2007 anite group plc management and governance
directors and advisers
2 steve rowley

chief executive
steve 48 joined the board on 3 november 2003 prior to his
appointment he was senior vice president peoplesoft europe
and he has also held executive positions in the us at 3com
corporation and at ibm
3 christopher humphrey

group finance director
christopher 50 joined the board in february 2003 he has held
senior positions in finance at conoco eurotherm international
plc and critchley group plc
20
annual report and accounts 2007
directors and advisers
123
1 clay brendish cbe
†
nonexecutive chairman
clay 60 was appointed as nonexecutive chairman in october
2005 prior to his retirement in may 2001 he was executive
deputy chairman of cmg now part of logicacmg having
joined the board when it acquired admiral plc the software
services company he cofounded in 1979 
clay is also nonexecutive chairman of echo research limited
and close beacon investment fund he is a trustee of
economist newspapers limited and the foundation for liver
research and director of the test and itchen association
limited clay’s other nonexecutive directorships are of british
telecommunications plc and herald investment trust plc management and governance
directors and advisers
anite group plc
4 peter bertram
† 1
senior independent nonexecutive director
chairman of the audit committee
peter 53 joined the board on 1 june 2004 he is currently
nonexecutive chairman of phoenix it group plc and
alphameric plc in addition peter is also a nonexecutive
director of office2office plc and microgen plc formerly he was
nonexecutive chairman of attentiv systems group plc until
may 2005 and was chief executive officer of azlan group plc
a position he held for five years
peter is a fellow of the institute of chartered accountants 
in england and wales
5 david hurstbrown
† 23
chairman of the remuneration  nomination committee
david 58 joined the board on 23 august 2004 he joined the
stockbroker rowe and pitman in 1975 and spent most of his
subsequent career in investment banking in 1986 rowe and
pitman was acquired by sg warburg now ubs and he joined
the corporate finance division where he advised a wide range
of companies
since leaving ubs in april 2002 david has been acting as 
a nonexecutive director for a variety of public and private
companies these include imagination technologies group plc
and ffastfill plc
david is a fellow of the securities institute 
21
annual report and accounts 2007
456
6 john sadler
company secretary
john joined the group on 7 july 2006 as company secretary
he was previously company secretary to lloyds chemists plc
and has held a senior company secretarial position with
safeway plc
john is a fellow of the institute of chartered secretaries and
administrators
† member of the audit remuneration and nomination committees
 member of the nomination committee
1 chairman of the audit committee
2 chairman of the remuneration committee
3 chairman of the nomination committee
registered office
353 buckingham avenue
slough berkshire sl1 4pf
t 44 0 1753 804000
f 44 0 1753 804497
company number
1798114
auditors
deloitte  touche llp
chartered accountants
london
bankers
lloyds tsb bank plc
25 gresham street
london ec2v 7hn
financial advisers
ubs investment bank
2 finsbury avenue
london ec2m 2pp
financial pr advisers
smithfield consultants
10 aldersgate street
london ec1a 4hj
registrars
lloyds tsb registrars
the causeway
worthing
west sussex bn99 6da
solicitors
simmons  simmons
city point
one ropemaker street
london ec2y 9ss
stockbrokers
ubs investment bank
2 finsbury avenue
london ec2m 2pp anite group plc management and governance
report of the directors
the directors present their report on the affairs of the group together with the audited financial statements for the year ended
30 april 2007
principal activities
the group is a leading worldwide provider of it solutions software systems integration and managed services within its core
markets of wireless travel and public sector
analyses of turnover profit on ordinary activities and net assets are given in note 2 on pages 52 to 55
business review and future developments
the review of the year’s operations key risks trading outlook and future developments is contained in the chairman’s statement
on page 4 the chief executive’s review on page 6 the financial review on page 12 and report on corporate governance on page 25
where the annual report contains forwardlooking statements these are made by the directors in good faith based on the
information available to them at the time of their approval of this report consequently such statements should be treated with
caution due to the inherent uncertainties including both economic and business risk factors underlying such forwardlooking
statements or information
results 
the audited accounts of the group for the year ended 30 april 2007 are set out on pages 40 to 80 the group profit for the year
after taxation was £203m 2006 £89m 
dividends 
the directors recommend a final dividend of 055p 2006 05p per ordinary share which if approved by shareholders at the 
2007 agm will be due for payment on 16 november 2007 to holders of ordinary shares on the register at the close of business 
on 19 october 2007 this together with the interim dividend of 025p per share paid on 16 may 2007 will make a total dividend 
for the year of 080p per share 
research and development
the total expenditure in the year was £180m 2006 £145m of which £150m was expensed in the income statement 
2006 £124m including amortisation of £30m 2006 £15m this expenditure was incurred on product development 
and enhancement
acquisitions and disposals
on 3 november 2006 the company entered into a conditional agreement to acquire the entire issued share capital of nemo
technologies ltd and elektrobit group pte ltd and certain other related assets the company’s shareholders approved this
transaction at an extraordinary general meeting of the company on 29 november 2006 the acquisition was completed 
on 30 november 2006 for an initial cash consideration of £574m 1850m a net adjustment of £05m 109m acquisition 
costs of £26m and up to a further £82m 1120m payable upon the achievement of certain financial performance targets
on 29 january 2007 the company acquired invenova corporation a californiabased provider of software and systems for
wimax device testing for an initial cash consideration of £30m us59m acquisition costs of £02m with a further £31m
us60m payable upon the achievement of certain financial performance targets
details of acquisitions made can be found in note 14 on page 68
details of disposals that were made during the year can be found in note 3 on pages 56 and 57
share capital
allotments of shares during the year
during the year the company allotted 2244586 ordinary shares with a nominal value of 10p each details are set out in note 28
on page 78
between 1 may 2007 and 9 july 2007 the company allotted 151436 ordinary shares with a nominal value of 10p each
purchase of own shares
during the year the company purchased 857460 of its own shares for a consideration of £608621 under the authority granted
by shareholders at the 2006 annual general meeting to purchase up to 35148900 ordinary shares with a nominal value of 10p
each being 10 of the issued ordinary share capital of the company as at 6 july 2006 a resolution to renew the authority will
be put to shareholders at the 2007 annual general meeting
all purchases of own shares by the company were carried out in the market and the shares were subsequently cancelled 
the highest price paid was 7100p and the lowest price paid was 7075p
22
annual report and accounts 2007
report of the directors management and governance
report of the directors
anite group plc
directors
details of the persons who were directors during the year can be found in the report on corporate governance which starts 
on page 25 full biographical details of the company’s directors at the date of this report are given on pages 20 and 21 
the company’s articles of association require that one third of the directors must retire at each annual general meeting 
and that each director must offer themselves for reelection at least once every three years at the 2007 annual general meeting
messrs s p rowley and p bertram will retire by rotation under article 66 and being eligible offer themselves for reelection
the board considers that the performance of the directors proposed for reelection continues to be effective and that they
demonstrate a strong commitment to their role
directors’ interests
the beneficial interests of the directors holding office at 30 april 2007 and their immediate families in the capital of the
company are as set out in the report on directors’ remuneration which starts on page 32
no director has or had during the period under review any interest in any contract of significance with the company or any 
of its subsidiaries
directors and officers of the company and its subsidiaries have the benefit of a directors’ and officers’ liability insurance policy
which provides appropriate cover in respect of legal actions brought against its directors 
major shareholders
the company has been notified in accordance with part 22 of the companies act 2006 and the disclosure rules and transparency
rules of the uk listing authority that as at 9 july 2007 the following shareholders own more than 3 of the issued share capital
of the company
percentage of
issued capital

aberforth partners llp 96
axa investment managers uk ltd 68
barclays plc 69
blackrock inc 51
henderson global investments ltd 64
trustees of bt pension fund 66
legal  general group plc 32
prudential plc 58
corporate social responsibility
environmental policy
the company supports the protection of a sustainable environment the group’s activities do not produce harmful waste or
emissions and the ethical investment research service grades anite as “low impact” whilst our operations are by their nature
of minimal impact on the environment we do recognise our responsibilities in this respect
anite is therefore committed to
 complying with the relevant environmental legislation regulations and industry standards of the countries in which it
conducts business
 reducing the output of emissions that may adversely impact on the environment
 minimising the consumption of energy and water used in its facilities
 reducing waste and wherever practicable reusing and recycling consumables eg paper toner cartridges and computer
equipment and disposing of nonrecyclable items in an environmentally acceptable manner
 where practicable purchasing environmentallysound goods and services
in order to achieve these objectives the company is building awareness and promoting initiatives to encourage employees 
to become fully engaged the directors regularly review the environmental policy
corporate governance
a report on corporate governance is contained on pages 25 to 31
charitable contributions and voluntary initiatives
contributions by the group during the year for charitable purposes amounted to £7000 2006 £7200 the group does not make
any political donations
financial instruments
details of the financial risk management objectives and policies of the group are set out in note 25 on pages 74 and 75
23
annual report and accounts 2007 report of the directors continued
anite group plc management and governance
report of the directors
post balance sheet event
on 9 july 2007 the group completed the sale of anite deutschland management gmbh “anite deutschland” and its
subsidiaries for a total consideration of £80m payable in cash on completion
at 30 april 2007 the directors considered that the sale was not highly probable and therefore did not qualify as a held for sale
disposal group or as a discontinued operation
employees
the energy commitment and passion of our employees are vital to our business the company strives to create a working
environment which encourages people to be individuals and develop their full potential within a framework of shared values 
and goals to achieve this anite is committed to a policy which provides all employees and potential employees with equality 
of opportunity for selection and development regardless of age gender nationality race creed disability or sexuality
in the event of employees becoming disabled every effort is made to ensure that their employment with the company continues
and that appropriate training is arranged for them
employees are provided with information through myanite the group’s global intranet roadshows and other internal
communications the views and ideas of employees are sought through discussion line management and focus groups
the company operates a range of employee share schemes for executive directors and a small number of senior executives 
and they are more fully described in the remuneration report contained on pages 32 to 36
since august 2005 the company has offered employees an enhanced share incentive plan which currently matches on a
oneforone basis the number of shares purchased monthly by employees
the company also has save as you earn saye schemes both in the uk and overseas no options were granted under these
schemes during the year and it is not anticipated that any further grants will be made
payment of suppliers
it is the group’s policy to agree with all suppliers where practicable appropriate terms of trade and to operate within those terms
trade creditors at 30 april 2007 represented on average 43 days’ credit 2006 46 days for the group and 40 days’ credit for the
company 2006 40 days
going concern
the directors having made appropriate enquiries consider that the company and the group as a whole have adequate resources
to continue in operational existence for the foreseeable future therefore they continue to adopt the going concern basis in
preparing the financial statements
disclosure of information to auditors
in the case of each of the persons who were directors of the company at the date when this report was approved
 so far as each of the directors is aware there is no relevant audit information of which the company’s auditors are not aware
and
 each of the directors has taken all the steps that he ought to have taken as a director in order to make himself aware of any
relevant audit information and to establish that the company’s auditors are aware of that information
this confirmation is given and should be interpreted in accordance with the provisions of section 234za of the companies act 1985
reelection of auditors
the board has considered and recommends the reappointment of deloitte  touche llp as auditors
deloitte  touche llp have expressed their willingness to continue in office as auditors and a resolution proposing their
reappointment will be proposed at the forthcoming annual general meeting
annual general meeting
the annual general meeting of the company will be held at 12pm on wednesday 3 october 2007 at 353 buckingham avenue
slough berkshire sl1 4pf the notice setting out details of the business to be considered at the meeting is sent to shareholders
separately with this annual report
by order of the board and signed by
john sadler company secretary
9 july 2007
24
annual report and accounts 2007 management and governance
corporate governance report
anite group plc
the company is committed to the principles of good corporate governance contained in the combined code on corporate
governance adopted by the financial reporting council in july 2003 the “combined code” this report sets out the company’s
compliance with the code
statement of compliance with the combined code
the company has complied with the provisions set out in the combined code throughout the year ended 30 april 2007 with the
exception that during the year the company decided to take advantage of the relaxations to the combined code to be permitted
under the updated combined code on corporate governance that was issued in june 2006 accordingly clay brendish who was
considered independent at the time of his appointment as chairman of the board in october 2005 became a member of the
remuneration committee with effect from 26 april 2007
the board
the board of directors is the body responsible for corporate governance for establishing policies and objectives and for the
stewardship of the group’s resources it is the group’s policy that the roles of chairman and chief executive are separate with
their roles and responsibilities clearly divided and recorded the chairman is responsible for leadership of the board ensuring 
its effectiveness and setting its agenda he also ensures that communication with shareholders is effective and facilitates the
contribution of the nonexecutive directors the chief executive is responsible for implementing the strategy agreed by the board
as a whole and for managing the group currently the board is made up of the nonexecutive chairman two executive directors
and two nonexecutive directors peter bertram is the senior independent director the biographies of the directors as at the date
of this report are given on pages 20 and 21
it is the opinion of the board that the chairman and the two nonexecutive directors are independent of management and have
no business or other relationship which could interfere materially with the exercise of their judgement in relation to the business
of the company or the group
the directors believe it is essential that the company has an effective board the board operates formally through regular board
meetings and there is also frequent communication between the directors during the period under review the board met 
15 times details of attendance at these meetings are given in the table on page 27 during the year the board also received
detailed strategy presentations from the divisional managing directors
the board is responsible to the company’s shareholders for the management and control of the group’s activities its strategic
objectives governance internal controls and the stewardship of its resources the regular and timely provision of information 
to the board is ensured through the monthly preparation and circulation to all board members of the chief executive’s report
which reports on operational matters the group finance director’s report which provides the monthly management accounts
and other relevant financial information and the company secretary’s report which covers corporate governance corporate 
social responsibility and matters concerning the company’s shares share schemes and shareholders other matters are tabled 
on a regular basis at board meetings or are reported to the board as appropriate
the board has a regular schedule of meetings together with further meetings when required in addition directors meet as
members of relevant committees the board has delegated the normal operational management of the company to the executive
directors who have direct responsibility for all operations and activities they are supported in this by an executive team which
comprises in addition to the executive directors the managing directors of each division plus the group human resources
director and the company secretary the board has agreed a formal schedule of matters reserved specifically for its decision
which include 
 strategy and objectives
 business plans and budgets
 changes in capital and corporate structure
 accounting policies and financial reporting
 internal controls
 major contracts
 capital projects
 acquisitions and disposals
 communications with shareholders and
 board membership
the chairman and the nonexecutive directors meet without the executive directors present at least annually
all directors have access to the advice and services of the company secretary who is responsible for ensuring that board
procedures and applicable rules and regulations are observed there is an agreed procedure for directors to obtain independent
professional advice paid for by the company
in accordance with the company’s articles of association one third of the board is required to retire by rotation each year and
each director must offer himself for reelection once every three years in addition any director appointed during the year will
stand for election at the next general meeting ensuring that each board member faces reelection at regular intervals details
of the directors due to retire at the 2007 annual general meeting are shown on page 23
25
corporate governance report
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anite group plc management and governance
corporate governance report
committees of the board
the board’s committees meet regularly to enable them to discharge their responsibilities each committee has terms of reference
which are reviewed regularly by the board copies are available on request from the company secretary or on the group’s website
wwwanitecom following formal decision making the board may on occasion delegate authority to a committee consisting of
any two directors to approve the detailed execution of an agreed course of action within strict parameters
audit committee
the audit committee comprises the chairman and the two nonexecutive directors it is chaired by peter bertramthe committee’s
role is to assist the board in the effective discharge of its responsibilities for financial reporting and internal control 
the report of the audit committee on page 37 includes details of the audit committee and its work
nomination committee
the nomination committee comprises the chairman the two independent nonexecutive directors and the two executive
directors it is chaired by david hurstbrown the committee may invite others including external advisers to attend its meetings
as appropriate the company secretary is the secretary to the committee the nomination committee met twice during the year
details of attendance at each meeting are shown in the table on page 27
the principal role of the nomination committee is to advise and make recommendations to the board with regard to the size
structure and composition of the board the appointment of new directors and the reappointment of existing directors the
committee follows formal rigorous and transparent procedures when appointing new directors which include the preparation 
of a job description and personnel specification the use of external advisers to facilitate the search and the evaluation of
candidates according to objective criteria all shortlisted candidates are interviewed by at least two members of the committee 
the nomination committee operates within agreed terms of reference which can be viewed on the company’s website 
the terms and conditions of appointment of nonexecutive directors are available for inspection at the company’s
registered office and at the annual general meeting
remuneration committee
the remuneration committee report on pages 32 to 36 includes details of the remuneration committee and its work
board and committee composition and attendance
the following tables detail the current composition of the board and its committees and the attendance of directors at meetings
of the board and board committees during the year ended 30 april 2007
audit remuneration nomination
director appointed committee committee committee
clay brendish nonexecutive chairman 4 october 2005 member member member
appointed appointed appointed 
1 november 26 april 2007 4 october 
2005 2005
steve rowley chief executive 3 november 2003 – – member 
appointed 
3 november 
2003
christopher humphrey group finance director 3 february 2003 – – member
appointed 
3 february 
2003
peter bertram nonexecutive director 1 june 2004
†
chairman member member
appointed appointed on appointed on
15 july 2004 1 june 2004 1 june 2004
senior independent appointed
nonexecutive director as a member
from 28 september 2004 1 june 2004
david hurstbrown nonexecutive director 23 august 2004 member chairman chairman
appointed appointed appointed 
23 august 2004 26 april 2007 23 august 2004
appointed 
as a member 
23 august 2004
† mr bertram’s term of office was renewed with effect from 1 june 2007
26
annual report and accounts 2007 management and governance
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anite group plc
attendance at meetings
audit remuneration nomination 
board committee committee committee
meetings meetings meetings meetings
during year attended during year attended during year attended during year attended
chairman
clay brendish 15 15 4 4 8 5
†
22
executive directors
steve rowley 15 15 4 4 8 4 2 2
christopher humphrey 15 11 4 3 8 2 2 1
nonexecutive directors
peter bertram 15 14 4 4 8 8 2 2
david hurstbrown 15 13 4 4 8 8 2 2
c humphrey was absent from 1 september 2006 to 2 january 2007 due to health reasons
 attended by invitation
† four meetings attended by invitation one as a member
terms and conditions of appointment of the nonexecutive directors
nonexecutive directors are normally appointed for a term of three years the terms and conditions of the appointment of the
nonexecutive directors are available for inspection by any person at the registered office of the company during normal business
hours and at the annual general meeting of the company
board performance evaluation and training
the board as part of its commitment to ensure its effectiveness and evaluate its performance completed a full evaluation of its
performance and that of its directors during the year this evaluation consisted of a questionnaire being completed by all board
members in addition questionnaires were completed by members of the audit committee and the remuneration committee 
in connection with a formal evaluation of each committee’s assessment of its performance and effectiveness
the nonexecutive directors have met alone to appraise the chairman’s performance
the evaluation of board performance will continue to be conducted annually and the company will engage external help from
time to time to ensure that the process is robust
induction and development of directors
all new directors receive a comprehensive induction to the company the company has a continuing professional approach 
to assist the chairman executive directors and nonexecutive directors in discharging their responsibilities effectively 
nonexecutive directors meet regularly with executive directors and members of the executive team and also receive 
regular business updates via scheduled presentations
key performance indicators kpis
the group uses a range of performance measures to measure and manage the businesses within the group in addition the
divisions have established their own performance indicators that are specific to their individual businesses
the group kpis monitor order intake net and gross revenues margins gross and net overhead costs projects cash flow 
capital and development expenditure and headcount in addition to these group kpis other measures indicating specific 
divisional measures such as product development loss making projects manpower utilisation customer requests and working
capital are used
the group changes and refines the kpis on a regular basis dependent on the major issues that are identified in the businesses
internal control and risk
the directors have overall responsibility for ensuring that the group maintains a sound system of internal control to provide 
them with reasonable assurance that all information used within the business and for external publication is adequate including
financial operational and compliance control and risk management and for ensuring that assets are safeguarded and therefore
that shareholders’ investment is protected there are limitations in any system of internal control and accordingly even the most
effective system can provide only reasonable and not absolute assurance against material misstatement or loss
the group continues to enhance its project management procedures to ensure that good practice is applied consistently across
the group
in line with past practice the board has reviewed the internal control system in place during the year and until the date of the
approval of this report to ensure that it remains effective where significant weaknesses are identified as a result of the reviews
new procedures are put in place to strengthen controls
27
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anite group plc management and governance
corporate governance report
the group settled its dispute with the office of housing in respect of the onerous state of victoria contract on 30 june 2006 
a payment was made of £105m a260m including gst in full and final settlement of all past and future obligations in respect
of the performance of the contract to the office of housing
the group continued to derisk pericles in line with its expectations and considerable progress was made during the year with all
contracted sites now live three disputes previously notified have been resolved or settled
the board has in place risk assessment processes within all the group’s divisions and procedures have been established to
implement best practice there is an ongoing process for identifying managing and reviewing any changes in the risks faced by 
the business this process has been in place throughout the year under review and continues it operates under the direction 
of the board and is reviewed by the audit committee
the key procedures that the board has established and which are designed to provide effective internal control for the group are
 the board sets out the group authority procedures which are adopted by all the subsidiary companies
 the issue of a group accounting and procedures manual which sets out the group’s accounting practices revenue recognition
rules accounting under ifrs and bid approval processes
 the board continues to review the progress of all major fixedprice contracts monthly and in particular the status of the
pericles contracts within the public sector division
 the director of projects and programmes oversees the introduction of project management standards and procedures across
the group and the education of all divisional project managers in best practice for the management of bids and the execution
and status reporting of projects
 the application of a rigorous annual budgeting process following a detailed divisional and group strategy review all budgets
are subject to approval at board level
 the executive team is responsible for reviewing the operational results communicating and applying groupwide polices and
procedures and strategy on operational matters which is communicated both to the board and to the operating units 
 the formal monthly operational review by the executive directors together with the divisional management teams to assess
the financial and operating performance and discuss the ongoing development of each business unit and the comparison of
detailed monthly management reports against budgets forecasts and prior years in addition the chief executive and group
finance director prepare a monthly report for the board on key developments performance and issues in the business
 the maintenance of local operating boards and divisional management teams enabling the board to delegate appropriate 
levels of authority to a small number of subsidiary company directors and managers all of whom are directly accountable 
to the board
 the identification and mitigation of major business risks is the responsibility of operating company management each operating
company maintains internal controls and procedures appropriate to its structure and business environment whist complying
with group policies standards and guidelines the managing director and finance director of each business unit are required 
to complete a self assessment checklist half yearly this provides assurance that the business unit has complied with internal
controls financial controls and reporting requirements of the group and has brought to the attention of group management
any instances of fraud or other matters relating to their business
 insurance cover is maintained for all the major risk areas of the group based on the scale of the risk and the availability 
of cover in the external market
 the use of external professional advisers to carry out due diligence reviews of potential acquisitions
 the operation of a small internal review function to carry out internal control reviews of all the operating divisions at least
annually reporting to the audit committee
 the periodic detailed objective review of each business and its future direction by management and the audit committee
the board with the advice and recommendations of the audit committee will continue to review the effectiveness of all internal
systems of control through independent reports where appropriate and by internal formal monthly review meetings in all main
operating companies and divisions to test the validity of the internal reporting process
internal review function
the board has established a group internal review function which reports to the audit committee
28
annual report and accounts 2007 management and governance
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anite group plc
risk management
anite has undergone significant change over the last few years the group operates in a number of fastchanging markets within
wireless public sector local government and central government and travel industry enterprise software these markets provide
significant challenges as well as rewards and following the lessons learnt over the last few years the management have
progressively improved the group’s approach to risk management
the combination of robust and welldefined central direction strong divisional management and effective processes and controls
will enable the group to identify and deal with key risks at the earliest opportunity 
the group operates rigorous processes and controls to ensure that for each division there is a detailed annual operating plan and
budget with a monthly operational review by senior management to ensure the businesses are making progress against those
plans taking the appropriate corrective actions throughout the course of the year should issues arise the progress of each division
is reported regularly to the main board meetings
the principal risk factors that may affect anite group’s business are outlined below these are not all within the group’s control
other factors beside those listed may also affect the group
business asset risk
the group increasingly operates in global markets and failure to manage its portfolio of businesses effectively could have a serious
impact the group conducts regular reviews of its business portfolio it may however still be exposed to risks such as increased
taxation regulations and threats to its market leadership
political climate risk
the group recognises that in some countries in which it operates specific country risks exist that could have an effect on its
business and such risks may include volatility of national currencies unexpected changes in local laws regulations or standards
and changes in local customs and business practices
project delivery risk
the successes of many of the group businesses are dependent on the successful completion of development projects within
budget cost and specifications the delivery of these projects is subject to certain technical commercial legal contractor and
economic risks
strategic and operational risks
within wireless
 the highly technical and fastchanging nature of the market place
 the need to keep products at the forefront of changes in technology 
within travel
 the changing nature of the customer market resulting from increasing use of the internet
 the need to keep products at the forefront of changes in technology
 delivery of projects and contracts to our clients within agreed budgets and timescales
 ensuring the business is flexible enough to accommodate the changing structure of the travel industry
 ensuring that the division has common robust systems and backup processes in place to mitigate problems of external
infrastructure failures that might have an impact on the division’s performance
within public sector
 the nature and speed of the market changes occurring as the result of the government’s agenda for increased efficiency 
and effectiveness in local government
 all contracts and product developments are managed with respect to the board’s approach to risk
 delivery of projects and contracts to our customers within agreed budgets and timescales
 the division continues to invest in products which are driven by regulation and market changes 
 the market moves toward customer services shared management services and efficiency in order to remain competitive
29
annual report and accounts 2007 corporate governance report continued
anite group plc management and governance
corporate governance report
financial risks
the group has several financial risks including costs the nature of commercial contracts interest rates exchange rates insurances
and other financial risks some of these are covered in the group treasury management section below
the group also recognises that the continued change in the group’s portfolio and geographic spread requires new risk
mitigation techniques
 to manage bank debt in compliance with banking covenants
 to identify and mitigate the effect of currency interest rate and cost changes 
 to mitigate the increase in the group’s tax rate as sales and profits expand in higher tax areas
group treasury management
the group’s financial instruments comprise borrowings derivatives cash and liquid resources and various items such as trade
debtors and trade creditors that arise directly from and finance operations
it is and has been throughout the period under review the group’s policy that no speculative trading in financial instruments
shall be undertaken although it considers utilising financial instruments for specific transactions where required 
the main risks arising from the group’s financial instruments are foreign exchange risk interest rate risk liquidity risk and credit
risk the board reviews and agrees policies for managing these risks and they are summarised below these policies are reviewed
on a regular basis the group’s head office finance function is responsible for ensuring that the policies approved by the board 
are adopted throughout the group 
foreign currency risk
the group is subject to some crossborder transactional currency exposure in respect of trading outside each operating company’s
functional currency where possible currency receivables and payables are matched creating a natural hedge any surplus
crossborder transactional exposure is not hedged the policy is that any surplus foreign denominated currency is converted into
sterling at the earliest opportunity
the group has overseas subsidiaries which operate mainly in north america northern europe and asia pacific and whose
revenues and expenses are denominated in their local currencies the group currently partly hedges its investment in overseas
subsidiaries through financial instruments and natural hedges
the group’s net investment in significant overseas subsidiaries is hedged where the revaluation of such investments is likely 
to have a material impact on the financial covenants under the group’s banking arrangements
interest rate risk
the group finances its operations and acquisitions through a mixture of retained reserves and bank borrowings the group seeks
to minimise overall net interest expense and where there are surplus funds to obtain a fair market rate of return the group
operates a cash pooling arrangement for all its uk operating companies and endeavours to balance liquidity requirements with
achieving a market rate of return on cash through the use of shortterm money market deposits or other term deposits
appropriate financial instruments are used to mitigate the impact of changes in interest payable in respect of significant
borrowings further details are set out in note 25 on page 74
liquidity risk
the group seeks to maintain a balance of available facilities to fund the group’s liquidity requirements further details of which
are set out in note 25 on page 75
the group has strong operating cash inflows and has focused efforts on managing its working capital
credit risk
the group’s policy on credit risk is set out in note 25 on page 75
30
annual report and accounts 2007 management and governance
corporate governance report
anite group plc
relations with shareholders
communications
the board considers effective communication with its investors whether institutional private or employee shareholders to be
extremely important
the company reports formally twice a year with the halfyear results announcement and the preliminary announcement of the
fullyear results shareholders are issued with an interim report and accounts in december and with the fullyear report and
accounts in july additionally as required under article 6 of the transparency directive the company will issue an interim
management statement during each half year these reports are posted on wwwanitecom
the company makes other announcements from time to time which can also be found on wwwanitecom
members of the board meet institutional investors on a regular basis providing an opportunity to discuss in the context of
publicly available information the progress of the business institutional investors and analysts are also invited to attend briefings
by the company following the announcements of the annual and interim results 
during the year the nonexecutive directors met a number of major shareholders individually
the chairman and the senior independent director are available to shareholders on all matters relating to governance
annual general meeting agm
the company’s agm will be held on 3 october 2007 at the company’s registered office in slough the notice of meeting is sent
to shareholders at least 20 working days before the agm the directors encourage the participation of private shareholders at the
agm and are available for questions both formally during the meeting and informally afterwards the chairmen of the audit
remuneration and nomination committees are all available to answer questions at the agm
approved by the board and signed on its behalf
john sadler company secretary
9 july 2007
31
annual report and accounts 2007 remuneration report
anite group plc management and governance
remuneration report
this report has been prepared in accordance with schedule 7a of the companies act 1985 as inserted by the directors’
remuneration report regulations 2002 “the regulations” and meets the relevant requirements of the listing rules of the
financial services authority as required by the regulations a resolution to approve the report will be proposed at the agm 
of the company at which the financial statements will be presented for approval
the regulations require the independent auditors to report to the company’s shareholders and the report has been split into
separate sections for the unaudited and audited information
unaudited information
remuneration committee
the remuneration committee is a committee of the board and is comprised of nonexecutive directors who are independent 
of management and free from any business or other relationship which could interfere with the exercise of their independent
judgement
chairmanship of the committee passed to david hurstbrown from peter bertram on 26 april 2007 mr brendish was also
appointed as a member of the committee on 26 april 2007 in line with the revision to the combined code
during the year membership of the committee was as follows
david hurstbrown appointed as chairman 26 april 2007
peter bertram
clay brendish appointed 26 april 2007
peter bertram david hurstbrown and clay brendish are considered by the board to be independent mr bertram is the senior
independent nonexecutive director
the committee invites the executive directors and other senior managers to attend its meetings as appropriate the committee
met eight times during the year details of attendance at the meetings are shown in the table in the corporate governance report
on page 27
the principal function of the committee is to make recommendations to the board on the remuneration policy for executive
directors it is also responsible for setting the individual remuneration packages for the chairman the executive directors and 
the chief executive’s direct reports and for monitoring and approving all sharebased incentive arrangements the committee 
also determines the terms and conditions of employment of the executive directors
the committee operates within agreed terms of reference which are posted on the company’s website
advice and assistance
the committee uses new bridge street consultants llp as its professional advisers on executive remuneration and employee
share schemes new bridge street consultants provide no other services to the company during the year the company also
requested deloitte  touche llp to provide a market analysis of the range of available incentive arrangements
the company secretary who is also the secretary to the committee and the group human resources director provide the
committee with information and assistance the chief executive regularly attends committee meetings to provide his own
insights on business objectives and the individual performance of his direct reports no director or senior manager is present
when their own remuneration is being discussed
remuneration policy
main principles
the company’s objective is to attract retain and incentivise highcalibre executives who can drive the business forward and
increase shareholder value to meet this objective the company follows three key principles
 total rewards are designed to be competitive with the remuneration package of each executive director benchmarked
regularly against the market
 incentivebased rewards are seen as an important part of each executive director’s total remuneration and are designed 
to drive and reward exceptional performance
 longterm incentive arrangements are designed to align the interests of the executive directors and senior managers with
those of the shareholders and to support the company’s business strategy
reward structure
the executive directors’ total remuneration packages consist of
 base salary
 annual performance bonus
 longterm incentive arrangements
 other benefits and allowances
32
annual report and accounts 2007 management and governance
remuneration report
anite group plc
the executive directors make their own pension arrangements and the group makes no payment in this respect
base salary
base salary is set with reference to salary levels for similar roles in other comparable companies in the software and computer
services sector and the market generally the factors for comparability are based on market sector size and business complexity
annual performance bonus
the executive directors participate in an annual bonus plan if stretching targets are achieved participants receive a cash bonus of
up to 75 of salary for exceptional performance as determined by the remuneration committee payment of a further 25 of
base salary may be made the targets used for determining the amount of bonus payable are a combination of stretching business
performance targets and the assessment of an individual’s performance during the year details of bonus plan awards for the year
ended 30 april 2007 are included in the table of directors emoluments on page 35
the company intends to implement a new annual bonus plan for executive directors with effect from 1 may 2007 the terms 
of the new bonus plan are currently being finalised and full disclosure will be made in the committee’s report in 2008
longterm incentive arrangements
the company operates the following two longterm sharebased incentive plans both of which were approved by shareholders 
in 2005
 the performance share plan “psp”
 the share matching plan “smp”
under the psp an individual may receive an award of shares worth up to 100 of salary per annum although in exceptional
circumstances an award of up to 200 of salary may be made the awards are made as conditional awards of free shares
the executive directors and a small number of the most senior executives are also able to participate in the smp this currently
allows them to lodge in the smp shares worth up to 30 per annum of base salary which are then matched on a two for one
gross basis
the awards are subject to threeyear performance conditions the awards made so far under the plans have been subject to 
a total shareholder return “tsr” performance condition which measures the company’s tsr performance against a comparator
group comprising the constituents of the ftse allshare software and computer services sector over a single threeyear
performance period commencing on the first day of the financial year in which the award is made 25 of the award will vest 
if the company is ranked at the median at the end of the performance period with 100 of the award vesting if the company 
is at or above the upper quartile with straightline vesting in between however before any awards vest the committee must
have satisfied itself that the company’s underlying financial performance over the performance period warrants the level of
vesting determined by reference to the tsr performance condition
the extent to which the performance condition is satisfied will be calculated by external consultants to ensure the appropriate
level of thirdparty verification
to provide a further alignment of interest with shareholders the executive directors and others participating in the smp are
required to retain in shares an amount equal in value to 50 of the aftertax gain made on the vesting of awards until they 
have built up a shareholding equal to 100 of base salary
the committee has recently reviewed the operation of the psp and smp and is proposing to make several changes to these plans
details of these changes are contained in the agm notice that has been circulated to shareholders
the executive directors also participate in the savings related share option scheme and the share incentive plan 
the use of new issue or treasury shares to satisfy awards made under the share plans is subject to a 15 dilution limit in any
tenyear period the current potential dilution is below this level the committee aware of shareholders’ views in connection with
this issue continues to take active steps to control the dilutive affect of the company’s share incentives and is currently working
under an informal dilution limit of 13
33
annual report and accounts 2007 remuneration report continued
anite group plc management and governance
remuneration report
tsr performance graph source thompson financial
other benefits and allowances
executive directors are entitled to a car allowance fuel medical insurance deathinservice and permanent health insurance
together with reasonable business expenses
other share plans
following the acquisition of anite finland limited formerly nemo technologies ltd on 30 november 2006 the company
introduced a management incentive plan “mip” for key employees the mip is not available to executive directors and all awards
are settled using market purchase shares or a cash equivalent further details of the mip are contained in note 7 on page 60
service contracts
the committee’s policy is that all executive directors’ service contracts will be rolling contracts of one year’s duration other than
in the case of dismissal for gross misconduct the provisions of service contracts will be honoured in full information regarding the
executive directors’ service contracts is summarised in the table below
executive director date of contract notice period
christopher humphrey 3 february 2003 12 months
steve rowley 3 november 2003 12 months
executive directors are not permitted to hold external nonexecutive directorships or offices without the approval of the board
no executive director received any fees in respect of any external nonexecutive directorship that they have held during the year
the table below sets out the rights the company has to pay executive directors in lieu of notice together with the contractual
compensation payable if the company terminates the contract other than for cause without notice
months’ salary and contractual benefits months’ salary payable in equivalent
executive director payable within seven days of termination
1
number of monthly instalments
2
christopher humphrey 6 6
steve rowley 93
1 contractual benefits include the annual performance bonus the executive director would have received had he continued to be employed from the date of termination
until the expiry of the notice period
2 payments cease in effect if the executive director commences employment with a new employer during the payment period
furthermore for a period of six months following a change of control in the company steve rowley may terminate his employment
on 28 days’ notice at which point he will be entitled to the same payments as set out in the table above which as can be seen
shall not exceed 12 months’ remuneration
the company is aware of the provisions in the combined code which state that compensation payments should reflect a departing
director’s obligation to mitigate his loss however the company has adopted the above described approach to determining 
the compensation that is payable in the event that an executive director’s service contract is terminated as it believes that 
it is in shareholders’ interests that the obligations of each party in such circumstances are transparent and agreed in advance
to provide certainty
120
100
80
60
40
20
0
30 april
2007
30 april
2006
30 april
2005
30 april
2004
30 april
2003
30 april
2002
ftse allshare software and computer services sector
anite group
34
annual report and accounts 2007 management and governance
remuneration report
anite group plc
if the company terminates an executive director’s employment without cause the remuneration committee will be asked to
exercise any discretion it has under the terms of any share incentive plans in favour of the departing executive director if the
remuneration committee determines not to follow this recommendation the departing executive director shall be entitled
to damages
nonexecutive directors
clay brendish has a threeyear term of office with six months’ notice of termination required by either party peter bertram and
david hurstbrown each have a threeyear term of office with no notice period or provision for compensation for loss of office
the board reviews the independent nonexecutive directors’ fees annually in the course of which it compares fees paid 
to nonexecutive directors of comparable companies fees recognise the additional responsibilities undertaken by the
nonexecutive directors in chairing the board and its committees in addition to their fees the nonexecutive directors 
are entitled to reimbursement of reasonable business expenses
the chairman’s fees are set by the remuneration committee he is not present at any discussion of his own remuneration
audited information
executive directors’ share options
options held at
1 may 2006 first
and at exercise date of exercisable expiry 
30 april 2007 price grant date date
christopher humphrey
approved share option plan 86956 345p 1572003 1572006 1472013
longterm incentive plan 571226 345p 1572003 1572006 1472013
149912 565p 2312004 2312007 2212014
187500 485p 1682004 1682007 1582014
executive options – total 995594
saye 34278 23p 1822003 142008 3092008
9372 46p 2622004 142009 3092009
total options 1039244
steve rowley
approved share option plan 56603 53p 16122003 16122006 15122013
longterm incentive plan 1108022 53p 16122003 16122006 15122013
250000 485p 1682004 1682007 1582014
executive options – total 1414625
saye 10267 46p 2622004 142007 3092007
total options 1424892
there were no lapses of options during the year
the closing price of an ordinary share of anite group plc as at 30 april 2007 was 7750p the range of closing prices during the
year ended 30 april 2007 was 8625p high and 6400p low
directors’ emoluments year ended 30 april 2007
car subtotal benefits total total
salary allowance salary bonus in kind 2007 2006
£££££££
executive directors
steve rowley 365650 24000 389650 177000 7726 574376 561087
christopher humphrey 238572 24000 262572 93000 13179 368751 389219
604222 48000 652222 270000 20905 943127 950306
nonexecutive directors
clay brendish 120000 – 120000 – – 120000 80000
peter bertram 44000 – 44000 – – 44000 40000
david hurstbrown 34000 – 34000 – – 34000 32000
directors at 30 april 2007 802222 48000 850222 270000 20905 1141127 1102306
former directors
alec daly retired 4 october 2005 –––––– 58076
802222 48000 850222 270000 20905 1141127 1160382
35
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remuneration report
audited information continued
executive directors’ conditional share awards 
conditional conditional conditional conditional conditional share 
awards at awards awards awards awards at price at date of
1 may made vested lapsed 30 april conditional conditional vesting
2006 in year in year in year 2007 award award date
christopher humphrey
performance share plan 265385 – – 265385 65p 1407 2005 1407 2008
performance share plan 324521 – – 324521 73p 2807 2006 2807 2009
share matching plan 353846 – – 353846 65p 19082005 19082008
share matching plan 324520 – – 324520 73p 08082006 08082009
conditional share awardstotal 619231 649041 – – 1268272
steve rowley
performance share plan 1092308 – – 1092308 65p 1407 2005 1407 2008
performance share plan 500890 – – 500890 73p 2807 2006 2807 2009
share matching plan 546152 – – 546152 65p 19082005 19082008
share matching plan 500890 – – 500890 73p 08082006 08082009
conditional share awardstotal 1638460 1001780 – – 2640240
the conditional share awards set out above are granted without payment from a participant and are subject to the tsr performance condition as described above
directors’ interests in shares
the interests of the directors who held office at 30 april 2007 in the ordinary share capital of the company were as shown in the
table below all interests are beneficial
number of shares held number of shares held
as at 1 may 2006 as at 30 april 2007
clay brendish – 70000
steve rowley 216734 333830
christopher humphrey 300888 431984
peter bertram 30000 30000
david hurstbrown 40000 40000
in the period from 1 may 2007 to 9 july 2007 the only changes in the interests of the directors related to the monthly
investments of the executive directors in the share incentive plan “sip” during this period steve rowley and christopher
humphrey each acquired 656 shares under the sip
this report has been approved by the board and has been signed on its behalf by
david hurstbrown chairman of the remuneration committee
9 july 2007
36
annual report and accounts 2007 management and governance
report of the audit committee
anite group plc
membership
the audit committee is a committee of the board and comprises the nonexecutive directors who are independent 
of management and free from any business or other relationship which could interfere with the exercise of their
independent judgement
during the year membership of the committee was as follows
peter bertram chairman
clay brendish
david hurstbrown
both peter bertram and david hurstbrown are considered by the board to be “independent” as defined by provision a31 of 
the combined code clay brendish was considered to meet the independence criteria on his appointment as chairman of the
company on 4 october 2005 mr bertram is the senior independent nonexecutive director
the board considers that mr bertram has recent and relevant financial experience
the group provides an induction programme and ongoing training for audit committee members
the committee invites others including the external auditors the group finance director and the financial controller to attend
its meetings as appropriate the company secretary is the secretary to the committee
meetings 
during the period under review the committee met four times details of attendance at each meeting are shown in the table 
in the corporate governance report on page 27
the committee meets with the external auditors without any executive directors present whenever this is considered appropriate
role responsibilities and terms of reference
the committee’s role is to assist the board in the effective discharge of its responsibilities for financial reporting and
internal review
the committee’s responsibilities include
 reviewing the annual and interim financial statements and results announcements of the company and any other formal
announcements relating to the company’s financial performance
 reviewing the company’s accounting policies
 monitoring and reviewing the company’s systems of internal control and risk management
 monitoring and reviewing the company’s “whistleblowing” procedures
 monitoring and reviewing the requirement for an internal audit function
 considering the appointment of the company’s external auditors overseeing the process for their selection and making
recommendations to the board in relation to their appointment and
 overseeing the relationship with the external auditor including approval of their remuneration agreeing the scope of the audit
engagement assessing their independence monitoring the provision of nonaudit services and considering their reports on the
company’s financial statements and systems of internal control and risk management
the committee operates within agreed terms of reference which can be found on the company’s website
internal audit
the committee agreed in july 2006 to create an internal review function headed by a member of the group finance team who
under the control of the audit committee carries out a plan of detailed reviews throughout the operating companies where
additional resource is required this is sourced either from an external professional firm or by selecting divisional staff who carry
out peer reviews in divisions other than their own this internal review function does not represent an independent internal audit
function as defined by professional internal audit standards but has been a significant enhancement in the group’s internal
control framework
independence of external auditors
the committee keeps under review the relationship with the external auditors including
 the independence and objectivity of the external auditors taking into account the relevant uk professional and regulatory
requirements and the relationship with the auditors as a whole including the provision of nonaudit and consulting services and
 the consideration of audit fees and any fees for nonaudit and consulting services
peter bertram chairman of the audit committee
9 july 2007
37
report of the audit committee
annual report and accounts 2007 statement of directors’ responsibilities
anite group plc financial statements
statement of directors’ responsibilities
the directors are responsible for preparing the annual report directors’ remuneration report and the financial statements 
in accordance with applicable law and regulations
company law requires the directors to prepare financial statements for each financial year the directors are required by the ias
regulation to prepare the group financial statements under international financial reporting standards ifrs as adopted by the
european union and have also elected to prepare the parent company financial statements in accordance with ifrs as adopted by
the european union the financial statements are also required by law to be properly prepared in accordance with the companies
act 1985 and article 4 of the ias regulation
international accounting standard 1 requires that financial statements present fairly for each financial year the company’s
financial position financial performance and cash flows this requires the faithful representation of the effects of transactions
other events and conditions in accordance with the definitions and recognition criteria for assets liabilities income and expenses
set out in the international accounting standards board’s “framework for the preparation and presentation of financial
statements” in virtually all circumstances a fair presentation will be achieved by compliance with all applicable ifrs 
however directors are also required to
 properly select and apply accounting policies
 present information including accounting policies in a manner that provides relevant reliable comparable and understandable
information and 
 provide additional disclosures when compliance with the specific requirements in ifrs are insufficient to enable users to
understand the impact of particular transactions other events and conditions on the entity’s financial position and financial
performance
the directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the
financial position of the company and enable them to ensure that the financial statements comply with the companies act 1985
they are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities
the directors are responsible for the maintenance and integrity of the corporate and financial information included on the
company’s website legislation in the united kingdom governing the preparation and dissemination of financial statements 
may differ from legislation in other jurisdictions
38
annual report and accounts 2007 financial statements
independent auditors’ report group
anite group plc
39
independent auditors’ report
to the members of anite group plc
annual report and accounts 2007
we have audited the group financial statements of anite group plc for the year ended 30 april 2007 which comprise the consolidated
group income statement the consolidated group balance sheet the consolidated group cash flow statement the consolidated group
statement of changes in equity and the related notes 1 to 33 these group financial statements have been prepared under the accounting
policies set out therein we have also audited the information in the directors’ remuneration report that is described as having been audited
we have reported separately on the parent company financial statements of anite group plc for the year ended 30 april 2007 
this report is made solely to the company’s members as a body in accordance with section 235 of the companies act 1985 our audit
work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an
auditors’ report and for no other purpose to the fullest extent permitted by law we do not accept or assume responsibility to anyone
other than the company and the company’s members as a body for our audit work for this report or for the opinions we have formed
respective responsibilities of directors and auditors
the directors’ responsibilities for preparing the annual report the directors’ remuneration report and the group financial
statements in accordance with applicable law and international financial reporting standards ifrs as adopted by the european
union are set out in the statement of directors’ responsibilities
our responsibility is to audit the group financial statements in accordance with relevant legal and regulatory requirements and
international standards on auditing uk and ireland
we report to you our opinion as to whether the group financial statements give a true and fair view whether the group financial
statements have been properly prepared in accordance with the companies act 1985 and article 4 of the ias regulation and
whether the part of the directors’ remuneration report described as having been audited has been properly prepared in accordance
with the companies act 1985 we also report to you whether in our opinion the information given in the directors’ report is
consistent with the group financial statements the information given in the directors’ report includes that specific information
presented in the chairman’s statement on pages 4 and 5 the chief executive’s review on pages 6 to 10 the financial review on
pages 12 to 19 and the report on corporate governance on pages 25 to 31 that is cross referred from the business review section 
of the directors’ report
in addition we report to you if in our opinion we have not received all the information and explanations we require for our audit
or if information specified by law regarding directors’ remuneration and other transactions is not disclosed
we review whether the corporate governance statement reflects the company’s compliance with the nine provisions of the 
2003 combined code specified for our review by the listing rules of the financial services authority and we report if it does 
not we are not required to consider whether the board’s statements on internal control cover all risks and controls or form 
an opinion on the effectiveness of the group’s corporate governance procedures or its risk and control procedures
we read the other information contained in the annual report as described in the contents section and consider whether it is consistent
with the audited group financial statements the other information comprises only the directors’ report the unaudited part of the
directors’ remuneration report and the corporate governance statement we consider the implications for our report if we become
aware of any apparent misstatements or material inconsistencies with the group financial statements our responsibilities do not
extend to any further information outside the annual report
basis of audit opinion
we conducted our audit in accordance with international standards on auditing uk and ireland issued by the auditing practices
board an audit includes examination on a test basis of evidence relevant to the amounts and disclosures in the group financial
statements and the part of the directors’ remuneration report to be audited it also includes an assessment of the significant
estimates and judgments made by the directors in the preparation of the group financial statements and of whether the
accounting policies are appropriate to the group’s circumstances consistently applied and adequately disclosed
we planned and performed our audit so as to obtain all the information and explanations which we considered necessary in 
order to provide us with sufficient evidence to give reasonable assurance that the group financial statements and the part of the
directors’ remuneration report to be audited are free from material misstatement whether caused by fraud or other irregularity
or error in forming our opinion we also evaluated the overall adequacy of the presentation of information in the group financial
statements and the part of the directors’ remuneration report to be audited
opinion
in our opinion
 the group financial statements give a true and fair view in accordance with ifrs as adopted by the european union of the
state of the group’s affairs as at 30 april 2007 and of its profit for the year then ended
 the group financial statements have been properly prepared in accordance with the companies act 1985 and article 4 of the
ias regulation 
 the part of the directors’ remuneration report described as having been audited has been properly prepared in accordance with
the companies act 1985 and
 the information given in the directors’ report is consistent with the group financial statements
deloitte  touche llp
chartered accountants and registered auditors 
london
9 july 2007 annual report and accounts 2007
consolidated income statement
for the year ended 30 april 2007
2007 2006
note £000 £000
continuing operations
revenue 22 173177 164667 
cost of sales 22 87060 101704
gross profit 86117 62963 
distribution costs 12414 10956
administrative expenses 47770 42142
operating profit before exceptional items and amortisation of acquired intangible assets 26925 24143 
state of victoria “sov” contract 22 285 14278
amortisation of acquired intangible assets 11 1277 –
operating profit 23 25933 9865 
other gains and losses 3a 1136 –
finance income 4 1336 939 
finance charges 4 2087 355
profit from continuing operations before tax 24046 10449 
tax expense 8 7039 6879
profit from continuing operations 17007 3570 
profit from discontinued operations 3b 3264 5299 
profit for the year 5 20271 8869 
profit attributable to equity holders of the parent 20271 8869 
continuing and discontinued operations
earnings per share – basic 9 58p 25p 
– diluted 57p 25p 
continuing operations
earnings per share from continuing operations – basic 9 49p 10p 
– diluted 48p 10p 
40
anite group plc financial statements
consolidated income statement 2007 2006
note £000 £000
noncurrent assets
goodwill 10 83233 34119 
other intangible assets 11 32431 4751 
property plant and equipment 12 12754 12936 
deferred tax assets 26 1895 2438
derivative financial assets 24 121 –
trade and other receivables 16 934 –
131368 54244 
current assets
inventories 15 4509 2920 
trade and other receivables 16 58327 55376 
current tax assets 195 334 
cash deposit held in escrow 17 8197 –
cash and cash equivalents 18 18665 36263 
89893 94893 
assets held for sale 3c – 473 
89893 95366 
total assets 221261 149610 
current liabilities
trade and other payables 19 65996 66623
bank borrowings 20 4829 –
current tax payable 12354 12974
provisions 27 14443 14649
97622 94246
liabilities directly associated with assets classified as held for sale 3c – 519
97622 94765
noncurrent liabilities
bank borrowings 20 44610 –
other payables 23 – 150
deferred tax liabilities 26 6481 –
derivative financial liabilities 24 1722 –
provisions 27 5884 10730
58697 10880
total liabilities 156319 105645
net assets 64942 43965 
equity
share capital – issued 28 35325 35186 
share premium account 25010 24303 
own shares 28e 1019 715
merger reserve 6538 6538 
capital redemption reserve 859 773 
other reserves 7 129 
retained earnings 1764 22249
total equity 64942 43965 
approved by the board and signed on its behalf by
s p rowley chief executive
c j humphrey finance director
9 july 2007
41
consolidated balance sheet
30 april 2007
financial statements
consolidated balance sheet
anite group plc annual report and accounts 2007 annual report and accounts 2007
share share capital
capital premium own merger redemption other retained 
issued account shares reserve reserve reserves earnings total
£000 £000 £000 £000 £000 £000 £000 £000
balance at 1 may 2005 35446 23390 – 6538 – 37 27290 38121 
changes in equity for the year to 30 april 2006
exchange differences arising on translation of 
foreign operations – – – – – 92 – 92 
net income recognised directly in equity – – – – – 92 – 92 
profit for the year – – – – – – 8869 8869 
total recognised income and expense for the year – – – – – 92 8869 8961
issue of share capital 513 913 – – – – – 1426
purchase of own shares into treasury – – 715 – – – – 715
dividend not collected by shareholders – – – – – – 12 12 
share buy back and cancellation 773 – – – 773 – 5037 5037
recognition of sharebased payments before tax – – – – – – 1208 1208 
deferred tax related to sharebased payments – – – – – – 11 11
balance at 30 april 2006 35186 24303 715 6538 773 129 22249 43965 
changes in equity for the year to 30 april 2007
exchange differences arising on translation of 
foreign operations – – – – – 136 – 136 
cash flow hedges taken to equity – – – – – 117 – 117 
fair value losses on net investment hedges
net of foreign exchange and tax – – – – – 389 – 389
net income recognised directly in equity – – – – – 136 – 136
profit for the year – – – – – – 20271 20271 
total recognised income and expense for the year – – – – – 136 20271 20135 
issue of share capital 225 707 – – – – – 932 
purchase of own shares into treasury – – 304 – – – – 304
dividend paid – – – – – – 1753 1753
share buy back and cancellation 86 – – – 86 – 613 613
recognition of sharebased payments before tax – – – – – – 1916 1916
deferred tax related to sharebased payments – – – – – – 664 664  
balance at 30 april 2007 35325 25010 1019 6538 859 7 1764 64942 
42
consolidated statement of changes in equity
for the year ended 30 april 2007
anite group plc financial statements
consolidated statement of changes in equity annual report and accounts 2007
2007 2006
note £000 £000
profit for the year
continuing 17007 3570 
discontinued 3264 5299 
20271 8869 
adjustments for
tax expense 8 3237 3628 
lossprofit before tax on disposal of discontinued operations 3b 467 2383
loss before tax on disposal of disposed businesses 3a 1136 –
finance chargesincome 4 745 604
depreciation of property plant and equipment 12 4604 5212 
amortisation of intangible assets 11 4790 2124 
goodwill impairment 10 – 500 
loss on disposal of property plant and equipment 74 112 
sharebased payments 7 1916 1208 
decreaseincrease in provisions 14709 5587 
operating cash flows before movements in working capital 22531 24253 
increasedecrease in inventories 1424 959 
decreaseincrease in receivables 118 6253
decrease in payables 1392 3235
movements in working capital 2698 8529
cash generated from operations before exceptional cash payments 33456 15724
cash payments – for sov contract and onerous property lease
1
13623 –
cash generated from operations 19833 15724 
interest received 1591 781 
interest paid 2362 –
interest element of finance lease rental payments – 8
income taxes paid 2510 4916
net cash from operating activities 16552 11581 
cash flow from investing activities
purchase of subsidiary undertakings 14 63738 –
net bank balance acquired with subsidiary undertakings 14 717 –
proceeds from disposal of subsidiary undertakings 76 2349 
net bank balance disposed with subsidiary undertakings 372 981
increase in cash held in escrow related to acquisitions 17 8097 –
proceeds from previously closed businesses – 430 
purchase of property plant and equipment 3007 5667
proceeds on disposal of property plant and equipment 32 17
purchase of software licences 11 687 600
expenditure on capitalised product development 11 6077 3621
net cash used in investing activities 81153 8107
cash flow from financing activities
issue of ordinary share capital 932 1426 
share buy back for cancellation 613 5018
purchase of own shares into treasury 304 715
dividend paid to company’s shareholders 29 1753 –
increase in bank loans 49439 –
capital element of finance lease rental payments – 155
redemption of vendor loan note instruments 478 482
net cash generated fromused in financing activities 47223 4944
net decrease in cash and cash equivalents 17378 1470
effect of exchange rate changes 220 290 
cash and cash equivalents at 1 may 36263 37443 
cash and cash equivalents at 30 april 18 18665 36263 
1 the exceptional cash payments of £136m relate to closure of the sov contract £114m and settlement of an onerous property lease contract £22m
discontinued operations include gmo management consulting which generated net operating cash outflows of £538000
2006 £329000 paid £142000 2006 £345000 in respect of net returns on investment and servicing of financing and paid
£5000 2006 £10000 for capital expenditure
43
consolidated cash flow statement
for the year ended 30 april 2007
financial statements
consolidated cash flow statement
anite group plc notes to the accounts
1 statement of accounting policies
a general information
anite group plc is a company incorporated in united kingdom under the companies act 1985 the consolidated financial
statements of the company for the year ended 30 april 2007 comprise the company and its subsidiaries together referred to 
as the “group” the principal activities of the company and its subsidiaries are described in note 13 the financial statements
were authorised for issue by the directors on 9 july 2007 the financial statements are presented in pounds sterling because 
that is the currency of the primary economic environment in which the group operates
b basis of preparation
these consolidated financial statements have been prepared in accordance with international financial reporting standards ifrs
adopted by the european union and international financial reporting interpretations committee ifric interpretations and those
parts of the companies act 1985 applicable to companies reporting under ifrs therefore the group financial statements comply
with article 4 of the eu ias regulations
the financial statements have been prepared under the historical cost convention as modified by the revaluation of certain
financial instruments 
i critical accounting assumptions and judgements
the preparation of financial statements in accordance with ifrs requires the use of certain critical accounting assumptions it also
requires management to exercise its judgement in the process of applying the group’s accounting policies the areas requiring 
a higher degree of judgement or areas where assumptions and estimates are significant to the consolidated financial statements
are discussed in the relevant accounting policies under the following headings
1 goodwill note 1e
2 intangible assets note 1fii and iii
3 revenue recognition note 1k
4 taxation note 1l
5 employee benefits – sharebased compensation note1m
6 provisions note 1p
ii ifric interpretations and amendmentsnew ifrs
the ifric interpretations and amendments to published standards that are effective in 2007 and those that are not yet effective
are discussed in note 1t
the accounting policies set out herein have been applied consistently to all periods presented in these consolidated financial
statementsthe transition date for the application of ifrs for the group was 1 may 2004 
c basis of consolidation
the group financial statements consolidate the financial statements of the company and entities controlled by the company 
all of which are made up to 30 april each year the results of companies acquired or sold during the year are consolidated for the
periods from or to the date on which control passed control is achieved where the company has the power directly or indirectly
to govern the financial and operating policies of an investee entity so as to obtain benefits from its activities in assessing control
potential voting rights that presently are exercisable or convertible are taken into account acquisitions are accounted for under
the acquisition method
the results of subsidiaries disposed in the year are included in the consolidated income statement up to the effective date
of disposal
on acquisition the assets and liabilities and contingent liabilities of a subsidiary are measured at their fair values at the date 
of acquisition any excess of the cost of acquisition over the fair values of the identifiable net assets acquired is recognised 
as goodwill any deficit in the cost of acquisition below the fair values of the identifiable net assets acquired ie discount on
acquisition is credited to the income statement in the period of acquisition
where necessary adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into 
line with those used by the group all intercompany transactions and balances between group enterprises are eliminated
on consolidation
d foreign currency
transactions in currencies other than the functional currency of the entity are recorded at the rate of exchange at the date of
the transaction at each balance sheet date monetary assets and liabilities denominated in foreign currencies at the balance sheet
date are retranslated at the rates of exchange prevailing at that date nonmonetary assets and liabilities carried at fair value that
are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined
the exchange differences arising on retranslation are taken to the income statement except for exchange differences arising on
nonmonetary assets and liabilities where the changes in fair value are recognised directly in equity
44
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 1 statement of accounting policies continued
d foreign currency continued
the results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at
the rates ruling at the balance sheet date exchange differences arising on translation of the opening net assets and results of
overseas operations and on foreign currency borrowings to the extent that they hedge the group’s investment in such operations
are recognised directly in the hedging and translation reserve account “other reserves”
the group has elected to treat goodwill and fair value adjustments arising on acquisitions before the date of transition to ifrs 
as sterlingdenominated assets and liabilities
e goodwill
goodwill arising on consolidation represents the excess of the cost of acquisition over the group’s interest in the fair value of the
identifiable assets and liabilities of a subsidiary associate or jointly controlled entity at the date of acquisition
goodwill is recognised as an asset and reviewed for impairment at least annually any impairment is recognised immediately in
the income statement and is not subsequently reversed
on disposal or closure of a previously acquired business the attributable amount of goodwill previously written off to reserves 
is included in determining the profit or loss on disposal or closure
goodwill arising prior to the transition to ifrs has been recognised and measured in accordance with uk gaap
accounting assumptions and judgements
the determination of whether or not goodwill has been impaired requires an estimate to be made of the value in use of the
cashgenerating units “cgu” to which goodwill has been allocated the value in use calculation includes estimates about the
future financial performance of the cashgenerating units including management’s estimates of longterm operating margins 
and longterm growth rates the carrying amount of goodwill and the key assumptions used in the calculation of value in use 
of cgus to which goodwill is attributed are disclosed in note 10
f intangible assets
i software licences
software licences are initially measured at cost cost includes the purchase price of the assets and the directly attributable costs
of bringing the asset into its intended use after initial recognition the intangible asset is carried at cost less accumulated
amortisation less any accumulated impairment losses amortisation is charged evenly over the assets’ estimated useful life
ii separately identifiable intangible assets arising on business combinations
separately identifiable intangible assets such as customer relations technology and in process rd are recognised only when the
assets meet the following conditions 
a meet the separately identifiable criteria below
b are controlled by the acquiring company
c provide a probable source of future economic benefits and
d the fair value can be measured reliably
the criteria to be separately identifiable are met when the intangible asset
i is capable of being separated from the acquired business and
ii arises from contractual or legal rights regardless of whether those rights are transferable or separable from the acquired
company or other rights and obligations
the amortisation period ranges from five to ten years and is based on equal annual instalments over the assets’ estimated useful life
accounting assumptions and judgements
the assessment of the future economic benefits generated by these separately identifiable intangible assets and the
determination of its amortisation profile involve a significant degree of judgement based on management estimation of future
potential revenue and profit and the useful life of the assets reviews are performed regularly to ensure the recoverability of these
intangible assets
iii research and development expenditure
expenditure on research activities as defined in ifrs is recognised in the income statement as an expense as incurred
expenditure on internallygenerated intangible assets arising from the group’s development activities is recognised only when
both the identification and recognition criteria as defined in ias38 for an intangible asset and the following six criteria are met
45
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
1 statement of accounting policies continued
iii research and development expenditure continued
1 the technical feasibility of completing the asset so that it will be available for use has been achieved
2 the group has the intention to complete the asset and use or sell it
3 the group has the ability to use or sell the asset
4 it is probable that the asset created will generate future economic benefits
5 adequate technical financial and other resources are available to complete the development and to use or sell the asset and
6 the development cost of the asset can be measured reliably
if these conditions are not met such development expenditure is recognised as an expense in the period in which it is incurred
the qualifying expenditure capitalised represents costs directly attributable to the development of the asset this expenditure is
capitalised from the point at which the above criteria are met up to the point at which the product is in use internallygenerated
intangible assets including capitalised development costs are amortised on a straightline basis over their useful lives which
management estimate to be no more than three years
accounting assumptions and judgements
the assessment that the internally generated assets will generate future economic benefits rely on the management’s estimation 
of future cash flow streams of these assets the technical feasibility of the assets involves a degree of management’s judgement
when this is achieved
management assessment regarding the useful lives of capitalised development costs is based upon the typical product life cycle
for similar assets in the market adjusted by the risks associated with each capitalised development project
g property plant and equipment and depreciation
land and buildings office equipment and fixtures and fittings computer equipment and vehicles are stated at cost net of
accumulated depreciation and any recognised impairment loss
depreciation is provided on all tangible fixed assets and freehold properties at rates calculated to write off the cost over the
estimated useful lives on a straightline basis as follows
freehold properties 2 per annum of cost excluding land
short leasehold properties length of lease
office equipment and fixtures and fittings 10 to 50 per annum of cost
vehicles 25 per annum of cost
computer equipment 33 per annum of cost
costs relating to short leasehold properties office equipment and fixtures and fittings and motor vehicles are included in the
“plant fixtures equipment and motor vehicles” category see note 12
the gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and
the carrying amount of the asset and is recognised in income
h impairment of tangible and intangible assets excluding goodwill
at each balance sheet date the group reviews the carrying amounts of its tangible and intangible assets to determine whether
there is any indication that those assets have suffered an impairment loss if any such indication exists the recoverable amount 
of the asset is estimated in order to determine the extent of the impairment loss if any where the asset does not generate cash
flows that are independent from other assets the group estimates the recoverable amount of the cashgenerating unit to which
the asset belongs any tangible or intangible asset with an indefinite useful life is tested for impairment annually and whenever
there is an indication that the asset may be impaired
recoverable amount is the higher of fair value less costs to sell and value in use in assessing value in use the estimated future
cash flows are discounted to their present value using a pretax discount rate that reflects current market assessments of the 
time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted
if the recoverable amount of an asset or cashgenerating unit is estimated to be less than its carrying amount the carrying
amount of the asset or cashgenerating unit is reduced to its recoverable amount an impairment loss is recognised as an
expense immediately unless the relevant asset is carried at a revalued amount in which case the impairment loss is treated 
as a revaluation decrease
where an impairment loss subsequently reverses the carrying amount of the asset cashgenerating unit is increased to the
revised estimate of its recoverable amount but so that the increased carrying amount does not exceed the carrying amount 
that would have been determined had no impairment loss been recognised for the asset or cashgenerating unit in prior years 
a reversal of an impairment loss is recognised as income immediately unless the relevant asset is carried at a revalued amount 
in which case the reversal of the impairment loss is treated as a revaluation increase
46
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 1 statement of accounting policies continued
i investments
investments are stated at cost less provision for any impairment
j inventories and work in progress
inventories and shortterm work in progress are stated at the lower of cost and net realisable value costs include materials and
where relevant direct labour and appropriate overheads that have been incurred in bringing the inventories and work in progress
to their present location and condition net realisable value represents the estimated selling price less all estimated costs of
completion and costs to be incurred in marketing selling and distribution
k revenue recognition
revenue from sale of software relates mainly to perpetual licences which provide the customer with the right to use the group’s
products where any associated services are not essential to the functionality of the software then the software revenue is
recognised when the following conditions are met
 persuasive evidence that an arrangement exists
 the company’s fee is fixed or determinable and
 collection is probable
revenue is recognised on delivery with a retention to be recognised on acceptance or otherwise as performance is defined in the
relevant customer contract
revenue generated from fixedpriced contracts including relevant licence fees where service essential to the functionality of the
software is being performed is recognised on a percentage of completion basis over the life of the contract provision is made for
any expected losses on uncompleted contracts amounts recoverable on fixed priced contracts which are included in debtors are
stated at the net sales value of the work done less amounts received as progress payments on account excess progress payments
are included in creditors as payments on account cumulative costs incurred net of amounts transferred to cost of sales less
provisions for contingencies and anticipated future losses on contracts are included as fixedpriced contract balances in work
in progress all bid costs are expensed
contracts which meet the definition of construction contract are disclosed separately as “amount due from construction customers”
in “trade and other receivables” or “amount due to construction customers” in “trade and other payables” as required under
ias 11 “construction contracts” see note 22 for more details
revenue generated from time and material contracts is recognised in line with when the work is performed
maintenance revenue is generally recognised on a straightline basis over the life of the related agreement taking into account
any free maintenance periods
managed services revenue is recognised over the life of the contract costs incurred on a contract from third parties which are
directly related to the contract are capitalised and recognised over the life of the contract contract profitability is regularly
reviewed and if necessary provision for any forecast loss arising is made sales operational and administrative costs are written 
off as incurred
all finance income is recognised in the income statement in the period in which it arises
accounting assumptions and judgements
the revenue and profit of fixed price contracts is recognised on a percentage of completion basis when the outcome of a contract
can be estimated reliably management exercises judgement in determining whether a contract’s outcome can be estimated
reliably management also makes estimates of the total cost of professional services or in some instances total contract costs
which are used in determining the value of amounts recoverable on contracts and any related provisions required for onerous
contracts estimates are continually revised based on changes in the facts relating to each contract
management has exercised a degree of judgement in formulating a set of criteria used for determining when revenue that
involves several elements should be recognised on a bundled or unbundled basis
l t axation
the tax expense represents the sum of the tax currently payable and deferred tax
the tax currently payable is based on taxable profit for the year taxable profit differs from net profit as reported in the income
statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes
items that are never taxable or deductible the liability for current tax is calculated using tax rates that have been enacted or
substantively enacted by the balance sheet date
47
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
1 statement of accounting policies continued
l t axation continued
deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities
in the financial statements and the corresponding tax bases used in the computation of taxable profit and is accounted for using
the balance sheet liability method deferred tax liabilities are generally recognised for all taxable temporary differences and deferred
tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary
differences can be utilised such assets and liabilities are not recognised if the temporary difference arises from goodwill or from
the initial recognition other than in a business combination of other assets and liabilities in a transaction that affects neither 
the tax profit nor the accounting profit
deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries and associates and
interests in joint ventures except where the group is able to control the reversal of the temporary difference and it is probable
that the temporary difference will not reverse in the foreseeable future
the carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer
probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered
deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised
deferred tax is charged or credited in the income statement except when it relates to items charged or credited directly to equity
in which case the deferred tax is also dealt with in equity
accounting assumptions and judgements
in recognising income tax assets and liabilities management makes estimates of the likely outcome of decisions by tax authorities
on transactions and events whose treatment for tax purposes is uncertain where the final outcome of such matters is different
or expected to be different from previous assessments made by management a change to the carrying value of income tax assets
and liabilities will be recorded in the period in which such a determination is made the carrying values of current tax and deferred
tax assets and liabilities are disclosed separately in the consolidated balance sheet
m employee benefits
i retirement benefit costs
payments to defined contribution retirement benefit schemes are charged as an expense as they fall due payments made to
statemanaged retirement benefit schemes are dealt with as payments to defined contribution schemes where the group’s
obligations under the schemes are equivalent to those arising in a defined contribution retirement benefit scheme the group 
has no defined benefit schemes
ii sharebased compensation
the group has applied the requirements of ifrs 2 “sharebased payments” in accordance with the transitional provisions ifrs 2
has been applied to all grants of equity instruments after 7 november 2002 that were unvested as of 1 january 2005
the group operates several equitysettled sharebased payments plans for its employees the fair value of shares determined at the
grant date of the equitysettled sharebased payment is recognised as an expense on a straightline basis over the vesting period
the group operates an inland revenue approved employee share option scheme “saye scheme” which allows employees the
ability to purchase the group’s ordinary shares at a discount of the current market value the group records an expense based on
its best estimate of the fair value of the discount related to shares expected to vest on a straightline basis over the vesting period
the group has granted executive options which include approved option plans and longterm incentive plans the grant price 
is normally equal to the average quoted market price of the group shares on the date of grant the vesting period is generally
three to ten years if the options remain unexercised after a period of ten years from the date of grant the options expire
furthermore options are forfeited if the employee leaves the group before the options vest unless the employee meets certain
“good leaver” conditions
accounting assumptions and judgements
the fair value of the saye scheme and executive option scheme is measured by using the blackscholes and a stochastic model
namely the montecarlo pricing model respectively the total amount of this fair value to be expensed rateably over the vesting
period is determined by reference to the fair value of the options at the grant date excluding the impact of any nonmarket
vesting conditions such as profit targets nonmarket vesting conditions are included in assumptions about the number of
options that are expected to become exercisable or the number of shares that the employee will ultimately receive this estimate
is revised at each balance sheet date and the difference is charged or credited to the income statement with a corresponding
adjustment to equity
market vesting conditions such as tsr targets are factored into the fair value of the option and therefore no subsequent
adjustments will be made if performance conditions are not met the proceeds received on exercise of the options net of 
any directly attributable transaction costs are credited to equity for more details on the assumptions made in the valuation
see note 7
48
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 1 statement of accounting policies continued
n financial instruments
financial assets and financial liabilities are recognised on the group’s balance sheet when the group becomes a party to the
contractual provisions of the instrument
i trade and other debtors
trade and other debtors do not carry any interest and are stated at their nominal value as reduced by appropriate allowances 
for estimated irrecoverable amounts
ii investments
investments are recognised and derecognised on a tradedate where a purchase or sale of an investment is under a contract
whose terms require delivery of the investment within the timeframe established by the market concerned and are initially
measured at cost including transaction costs
investments are classified as either heldfortrading or availableforsale and are measured at subsequent reporting dates at fair value
where securities are held for trading purposes gains and losses arising from changes in fair value are included in net profit or loss
for the period
for availableforsale investments gains and losses arising from changes in fair value are recognised directly in equity until the
security is disposed of or is determined to be impaired at which time the cumulative gain or loss previously recognised in equity
is included in the net profit or loss for the period
iii financial liabilities and equity
financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into
an equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities
iv bank borrowings
interestbearing bank loans and overdrafts are recorded at the proceeds received net of direct issue costs finance charges
including premiums payable on settlement or redemption and direct issue costs are accounted for on an accrual basis to the
income statement using the effective interest method and are added to the carrying amount of the instrument to the extent 
that they are not settled in the period in which they arise
v trade payables
trade payables are not interest bearing and are stated at their nominal value
vi equity instruments
equity instruments issued by the company are recorded at the proceeds received net of direct issue costs
o derivative financial instruments and hedge accounting
the group’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates 
the group does not enter into speculative derivative contracts and all such instruments if used by the group are for hedging
purposes to alter the risk profile of an existing underlying exposure to the group in line with the group’s risk management policies
transactions denominated in foreign currencies are recorded at the rate of exchange at the date of the transaction or if hedged 
at the forward contract rate at the balance sheet date unhedged monetary assets and liabilities denominated in foreign
currencies are translated at the rate of exchange ruling at that date
the use of financial derivatives is governed by the group’s policies approved by the board of directors which provide written
principles on the use of financial derivatives
cash flow hedge
changes in the fair value of derivative financial instruments note 24 that are designated and effective as hedges of future cash
flows are recognised directly in equity and the ineffective portion is recognised immediately in the income statement if the cash
flow hedge of a firm commitment or forecast transaction results in the recognition of an asset or a liability then at the time the
asset or liability is recognised the associated gains or losses on the derivative that had previously been recognised in equity are
included in the initial measurement of the asset or liability for hedges that do not result in the recognition of an asset or a
liability amounts deferred in equity are recognised in the income statement in the same period in which the hedged item affects
net profit or loss
fair value hedge
for an effective hedge of an exposure to changes in the fair value the hedged item is adjusted for changes in fair value attributable
to the risk being hedged with the corresponding entry in profit or loss gains or losses from remeasuring the derivative or for
nonderivatives the foreign currency component of its carrying amount are recognised in profit or loss changes in the fair value
of derivative financial instruments that do not qualify for hedge accounting are recognised in the income statement as they arise
49
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
1 statement of accounting policies continued
discontinued hedge accounting
hedge accounting is discontinued when the hedging instrument expires or is sold terminated or exercised or no longer qualifies
for hedge accounting at that time any cumulative gain or loss on the hedging instrument recognised in equity is retained in
equity until the forecast transaction occurs if a hedged transaction is no longer expected to occur the net cumulative gain 
or loss recognised in equity is transferred to net profit or loss for the period
hedges of net investments in foreign operations
hedges of net investments in foreign operations are accounted for similarly to cash flow hedges note 24 any gain or loss on 
the hedging instrument relating to the effective portion of the hedge is recognised in the foreign currency translation reserve 
the gain or loss relating to the ineffective portion is recognised immediately in profit or loss gains or losses deferred in the
foreign currency translation reserve are recognised immediately in profit or loss on disposal of the foreign operation
in accordance with ias 39 where hedging instruments are designated into hedging relationships the recognition of the
instruments as current or noncurrent will follow that of the hedged item
embedded derivatives
derivatives embedded in other financial instruments or other host contracts are treated as separate derivatives when their risks
and characteristics are not closely related to those of host contracts and the host contracts are not carried at fair value with
unrealised gains or losses reported in the income statement
p provisions
provisions for warranties onerous contracts vacant properties with outstanding leases to settle restructuring costs and legal
claims are recognised when the group has a present legal or constructive obligation as a result of past events this is where 
in management’s view it is more likely than not that an outflow of resources will be required to settle the obligation and the
amount has been reliably estimated restructuring provisions comprise unexpired future lease payments employee termination
payments and removal costs provisions for restructuring costs are recognised when the group has a detailed formal plan for 
the restructuring that has been communicated to affected parties
deferred consideration provision is management’s best estimate of the contingent consideration payable to vendors which may
be subject to change as this is dependent on the fulfilment of certain performance targets of the businesses acquired
provision is established on a propertybyproperty basis to meet the estimated liabilities including dilapidations the provision
covers all ongoing unavoidable costs net of rental income provisions are not recognised for future operating losses
q operating profit from continuing operations
operating profit from continuing operations is stated after charging restructuring costs but before finance income or charges 
and before gains or losses relating to disposed businesses
r leasing
leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership
to the lessee all other leases are classified as operating leases
assets held under finance leases are recognised as assets of the group at their fair value or if lower at the present value of the
minimum lease payments each determined at the inception of the lease the corresponding liability to the lessor is included in
the balance sheet as a finance lease obligation lease payments are apportioned between finance charges and reduction of the
lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability finance charges are charged
directly against income unless they are directly attributable to qualifying assets in which case they are capitalised in accordance
with the group’s general policy on borrowing costs see above
rentals payable under operating leases are charged to income on a straightline basis over the term of the relevant lease
benefits received and receivable as an incentive to enter into an operating lease are also spread on a straight line basis over the
lease term
rental income from operating leases is recognised on a straightline basis over the term of the relevant lease
50
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 1 statement of accounting policies continued
s assets and disposal groups held for sale
assets and disposal groups are classified as held for sale if their carrying amount will be recovered through a sale transaction
rather than through continuing use this condition is regarded as met only when the sale is highly probable and the asset 
or disposal group is available for immediate sale in its present condition
management must be committed to the sale which should be expected to qualify for recognition as a completed sale within 
one year from the date of classification
assets and disposal groups classified as held for sale are measured at the lower of the assets’ previous carrying amount and 
fair value less costs to sell
t adoption of ifric interpretations new and amendments to ifrs
– applicable for the group’s accounting periods beginning on or after 1 may 2006
at the date of approval of these financial statements the following standards interpretations and amendments thereto were
issued that are mandatory for the group’s accounting periods beginning on or after 1 may 2006 management assessed the
relevance of these amendments and interpretations and concluded that they are not relevant or material to the group
ifric interpretations
 ifric 4 determining whether an arrangement contains a lease
 ifric 5 rights to interests arising from decommissioning restoration and environmental rehabilitation funds
 ifric 6 liabilities arising from participating in a specific market – waste electrical and electronic equipment
 ifric 7 applying the restatement approach under ias 29 financial reporting in hyperinflationary economies
 ifric 8 scope of ifrs 2
amendments to existing standards
 amendment to ias 21 the effects of changes in foreign exchange rates – net investment in a foreign operation
 amendment to ias 19 employee benefits – actuarial gains and losses group plans and disclosures
 amendments to ias 39 financial instruments recognition and measurement – cash flow hedge accounting of forecast
intragroup transactions
 the fair value option – amendments to ias 39 financial instruments recognition and measurement and ifrs 4
insurance contracts
 amendments to ifrs 1 firsttime adoption of international financial reporting standards
ifrs
 ifrs 6 exploration for and evaluation of mineral resources
– applicable for the group’s accounting periods beginning on or after 1 may 2007
at the date of approval of these financial statements the following standards interpretations and amendments thereto were
issued that are mandatory for the group’s accounting periods beginning on or after 1 may 2007 the group has already adopted
the new pronouncements that are relevant to the group early except for the amendment to ias 1 presentation of financial
statements – capital disclosures and ifrs7 financial instruments – disclosures the directors anticipate that the latter two
pronouncements that have not been adopted early will only result in additional disclosures in the accounts the early adoption 
of the other relevant pronouncements has no material impact on the group
ifric interpretations
 ifric 9 reassessment of embedded derivatives
 ifric 10 interim financial reporting and impairment
 ifric 11 ifrs 2 group and treasury share transactions
 ifrs 12 service concession arrangements
amendments to existing standards
 amendment to ias 1 presentation of financial statements – capital disclosures
ifrs
 ifrs 7 financial instruments disclosures
51
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
2 revenue and segmental information
21 revenue from continuing and discontinued operations
2007 2006
£000 £000
it consultancy 4617 2204
bespoke services systems integration and implementation of software products 39096 37261
own product software licences 46015 36298
software maintenance and support 36493 29599
managed services 21195 21639
originating from third party 24328 39209
continuing businesses excluding disposed businesses and sov 171744 166210
disposed businesses and sov 1433 1543
revenue from continuing operations 173177 164667
finance income note 4 1336 939
total revenue from continuing operations 174513 165606
discontinued operations
revenue 685 2204
finance income 6 20
total revenue 175204 167830
22 settlement of state of victoria contract sov
2007 2006
continuing state of continuing state of
operations victoria operations victoria 
excluding contract continuing excluding contract continuing
sov “sov” operations sov “sov” operations
£000 £000 £000 £000 £000 £000
revenue 173177 –173177 168010 3343 164667
cost of sales 87345 285 87060 90769 10935 101704
gross profit 85832 285 86117 77241 14278 62963
a provision of £12m for this closure and settlement of the sov contract was made at 30 april 2006 
on 30 june 2006 the group signed a settlement and release agreement and made a onetime payment of £105m a260m
including gst in full and final settlement of all the group’s obligations to the department of human services of the state of victoria
during the year to 30 april 2007 £116m including exchange loss of the provision was utilised including the onetime payment
£03m released unused and £01m carried forward to cover residual closure costs
23 business segments – primary basis
the group is organised into four primary business segments wireless public sector travel and international consultancy part of 
the international consultancy operation was sold in the previous year in the current year gmo management consulting within the
international consultancy operation was sold and its results are included as a discontinued operation it being part of an announced
plan to withdraw from the international consultancy segment details are disclosed in note 3
segment results assets and liabilities include items directly attributable to a segment as well as those than can be allocated on a
reasonable basis unallocated items comprise several incomeearning assets interestbearing loans corporate assets and liabilities
and expenses
52
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 2 revenue and segmental information continued
23 business segments – primary basis continued
segment information under the primary reporting format is as disclosed in the table below
public international
wireless sector travel consultancy total
2007 2006 2007 2006 2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
revenue
– continuing businesses
1
64728 57008 66236 70984 29606 27072 11699 12114 172269 167178
– intersegment revenue
2
– – 55 227 470 741 – – 525 968
64728 57008 66181 70757 29136 26331 11699 12114 171744 166210
– disposed businessessov
3
– – – 3343 1433 1800 – – 1433 1543
revenue
– continuing operations 64728 57008 66181 67414 30569 28131 11699 12114 173177 164667
– discontinued operations – – – – – – 685 2204 685 2204
total revenue 64728 57008 66181 67414 30569 28131 12384 14318 173862 166871
continuing operations
segment profit
– continuing businesses
1
18100 15989 4881 3536 6432 5731 632 912 30045 26168
– disposed businesses and sov
3
– – 285 14278 92 159 – – 377 14119
– continuing operations 18100 15989 5166 10742 6524 5890 632 912 30422 12049
unallocated corporate costs 
after recharges 3212 2184
operating profit for continuing 
operations before amortisation 
and other gains and losses 27210 9865
amortisation of acquired 
intangible assets 1277 – – – – – – – 1277 –
segment operating profitloss 16823 15989 5166 10742 6524 5890 632 912
operating profit 25933 9865
other gains and losses note 3a – – – – 1136 – – – 1136 –
finance chargesincome note 4 751 584
profit from continuing operations 
before tax 24046 10449
tax expense 7039 6879
profit from continuing operations 17007 3570
discontinued operations
operating loss from discontinued 
operations note 3b 77 355 77 355
lossprofit on disposal of businesses 467 2383 467 2383
finance income note 4 6 20 6 20
lossprofit from discontinued operations 
before tax 538 2048 538 2048
tax credit 3802 3251 3802 3251
profit from discontinued operations 3264 5299 3264 5299
profit for the year 20271 8869
1 continuing businesses comprise operating results of continuing operations before the operating results of dispose businesses and sov the impact of the acquired
businesses on the group’s results is disclosed in note 14
2 intersegment revenues are charged at prevailing market rates
3 disposed businesses and sov comprise the operating results of continuing operations which have ceased during the year and which do not meet the definition 
of discontinued operations under ifrs 5 note 3a discontinued operations are all within the international consultancy business segment
53
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
2 revenue and segmental information continued
23 business segments – primary basis continued
other information
public internationalunallocated
wireless sector travel consultancy items total
2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000 £000 £000
capital additions 31942 7090 3762 2649 244 247 186 56 695 397 36829 10439 
depreciation and 
intangible amortisation 6839 4773 1796 1783 392 482 95 98 272 200 9394 7336 
goodwill impairment – – – – – – – 500 – – – 500 
balance sheet
assets
segment assets 100888 36778 78351 63562 12508 14826 9780 11045 19734 23399 221261 149610 
liabilities
segment liabilities 30012 18415 36201 54674 11852 10397 3046 2304 75208 19855156319 105645 
24 continuing businesses before disposed businesses and sov
public international
wireless sector travel consultancy total
2007 2006 2007 2006 2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
revenue
– continuing excluding 
disposed businesses 64728 57008 66181 70757 29136 26331 11699 12114 171744 166210 
operating profit before 
sharebased payments and 
amortisation of acquired 
intangible assets 18530 16246 5104 3752 6757 5994 639 960 31030 26952 
unallocated corporate costs 2364 1760
underlying operating profit 28666 25192 
finance chargesincome 751 584 
underlying profit before tax 27915 25776 
sharebased payments 
– corporate 848 424
– business segment 430 257 223 216 325 263 7 48 985 784
amortisation of acquired 
intangible assets 1277 – – – – – – – 1277 –
segment operating profit 16823 15989 4881 3536 6432 5731 632 912 
profit before tax 24805 24568 
this additional information has been disclosed to give a clearer understanding of the results of the core continuing businesses
before disposed businesses and sov
25 reconciliation of profit from continuing operations before tax to underlying profit before tax
2007 2006
£000 £000
profit from continuing operations before tax 24046 10449
adjusted for
disposed businesses and sov 377 14119
sharebased payments 1833 1208
amortisation of acquired intangible assets 1277 –
other gains and losses 1136 –
underlying profit before tax 27915 25776
54
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 2 revenue and segmental information continued
26 public sector continuing businesses before sov
local pericles subtotal local secure information total
government development government solutions public sector
2007 2006 2007 2006 2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000 £000 £000 £000 £000
revenue on continuing 
businesses
1
39905 46463 5313 3745 45218 50208 20963 20549 66181 70757 
operating profitloss 
– before sharebased payments 4749 6658 2738 4904 2011 1754 3093 1998 5104 3752 
– share based payments 176 189 – – 176 189 47 27 223 216
operating profitloss 4573 6469 2738 4904 1835 1565 3046 1971 4881 3536 
1 continuing businesses comprise the revenue and operating results of continuing operations before the revenue and operating results of sov
this additional information has been disclosed to give a clearer understanding of the results of the public sector
continuing businesses
27 geographical segment – secondary basis
the four business segments operate in four principal geographical areas as set out below
the following analysis of the group’s revenue is based on the geographical location of the customers irrespective of the origin 
of the goods or services the corresponding segment assets are based on the geographical location of the assets
revenue revenue revenue
continuing operations discontinued operations total
2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000
europe – united kingdom 94617 96844 – – 94617 96844 
europe – other 33596 34403 685 2204 34281 36607 
north america 25015 20054 – – 25015 20054 
rest of the world 19949 13366 – – 19949 13366 
173177 164667 685 2204 173862 166871 
additions to property
carrying amount plant and equipment 
of segment assets and intangible assets
2007 2006 2007 2006
£000 £000 £000 £000
europe – united kingdom 177959 121147 35629 10208 
europe – other 20488 17127 1058 98 
north america 19913 8374 9 47 
rest of the world 2901 2962 133 76 
221261 149610 36829 10429 
55
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
3 disposed businessesdiscontinued operations
a other gains and losses
2007 2006
£000 £000
loss on sale of business and assets of
anite opentur srl 1136 – 
1136 – 
in the opinion of the directors the disposed business of anite opentur srl on 29 march 2007 did not meet the criteria to be
classified as discontinued operations under ifrs 5 “noncurrent assets held for sale and discontinued operations” as it did not
represent a separate major line of business or withdrawal from a major geographical market within the group
the operating profit before interest up to the date of disposal was £92000 2006 profit £159000
net assets disposed of and the related profit on disposal were as follows
2007
£000
goodwill 1000
intangible assets 15
property plant and equipment 5 
current assets 767 
cash and cash equivalents 177 
current liabilities 464
provisions note 27 305
net assets 1195 
loss on disposal 1136
net consideration 59 
satisfied by
cash consideration 93 
disposal costs 34
59 
net cash flows in respect of the disposal of operations are as follows
cash received net of disposal costs paid 59 
cash and cash equivalents sold 177
118
56
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 3 disposed businessesdiscontinued operations continued
b discontinued operations
the directors are continuing to dispose of some of the noncore businesses within the international consultancy division 
the results of these businesses that meet the criteria as discontinued operations under ifrs 5 are included in the international
consultancy division as discontinued operations for segment reporting purposes see note 2 
2007 2006
£000 £000
loss after tax for the year from discontinued operations
revenue 685 2204 
cost of sales 461 1385
gross profit 224 819 
goodwill impairment – 500
operating expenses 301 674
operating loss before interest 77 355
finance income 6 20 
loss before tax 71 335
tax credit 2 41 
loss after tax 69 294
lossprofit on sale of discontinued operations
lossprofit on disposal of previously disposed businesses
1
417 2383 
loss on disposal of gmo mc note 3c 50 – 
net lossprofit before tax on sale of discontinued operations 467 2383 
tax credit relating to activities discontinued in prior years 3800 3210 
net profit after tax on sale of discontinued operations 3333 5593 
profit from discontinued operations 3264 5299 
1 the loss in 2007 relates to warranty provision movements in respect of previously disposed businesses note 27
c sale of businesses
on 6 november 2006 the group sold its 100 interest in the ordinary share capital of gmo management consulting gmbh
“gmo mc” in germany the operating loss up to the date of disposal was £12000 2006 profit £71000 the results of this
business are included in the international consultancy division as discontinued operations for segment reporting purposes 
see note 2 in 2006 this business was reported as assets held for sale in the accounts in 2006 the group sold its 100 interest
in the ordinary share capital of anite consulting gmbh austria “austria”
net assets disposed of and the related profit on disposal were as follows
2007 2006
£000 £000
gmo mc austria
goodwill – 557 
property plant and equipment 21 104 
current assets 306 746 
cash and cash equivalents 195 981 
current liabilities 455 1216
provisions – 232
net assets 67 940 
lossprofit on disposal 50 1409 
net consideration 17 2349 
satisfied by
cash consideration 68 2571 
disposal costs 51 222
17 2349 
net cash flows in respect of the disposal of operations are as follows
cash received net of disposal costs paid 17 2349 
cash and cash equivalents sold 195 981
178 1368
57
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
4 net finance chargeincome
continuing operations discontinued operations total
2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000
finance income
interest receivable and similar income 703 939 6 20 709 959 
interest on shortterm deposits 114 – – – 114 –
gains on financial instruments in a hedging relationship
– interest rate swaps and caps – cash flow hedges 3 – – – 3 – 
– cross currency swaps – net investment hedge 516 – – – 516 –
1336 939 6 20 1342 959 
finance charges
bank loans and overdrafts 1764 – – – 1764 –
other loans 97 78 – – 97 78
vendor loan notes 2 30 – – 2 30
finance leases and hire purchase contracts – 8 – – – 8
unwinding of discount on provisions note 27 224 239 – – 224 239
2087 355 – – 2087 355
751 584 6 20 745 604 
finance charges on bank loans and overdrafts include amortisation of issue costs of £150000 2006 £nil
5 profit for the year
profit for the year is stated after charging
2007 2006
£000 £000
depreciation of property plant and equipment
– owned 4604 5184 
– held under finance leases and hire purchase contracts – 28 
impairment of goodwill – 500 
amortisation of intangible software licences 497 556 
amortisation of acquired intangible assets 1277 –
amortisation of capitalised development costs 3016 1568 
research and development costs 12033 10853 
cost of inventories recognised as expense 22768 27702 
staff costs note 6 79081 74554 
foreign exchange losses 516 69 
net charge arising from movements in the property provision 141 475 
net movement in onerous contract provision 269 12000 
during the year the group obtained the following services from the group’s auditors
2007 2006
£000 £000
fees payable to the company’s auditors for the audit of
– the company’s annual accounts 127 110 
– the company’s subsidiaries pursuant to legislation 241 300 
total audit fees 368 410 
fees payable to the company’s auditors for
– other services in pursuant to legislation 75 193 
– transaction support
1
215 – 
– t ax services – 54 
– recruitment and remuneration market analysis services 49 – 
total nonaudit fees 339 247 
1 this is in connection with acquisitions and disposal activities carried out during the year
total fees payable to other auditors in relation to the statutory audits of subsidiary companies amount to £56000 2006 £45000
nonaudit fees payable to other auditors in relation to tax services were £177000 2006 £186000
58
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 6 staff costs
the average number of persons employed including executive directors was as follows
2007 2006
number number
europe – united kingdom 1102 1119 
europe – other 168 146 
north america 21 15 
rest of the world 23 107 
1314 1387 
the amount charged in arriving at the operating profit for the year in respect of all employees was as follows
2007 2006
£000 £000
wages and salaries 65614 63418 
social security costs 7657 6996 
sharebased payments 1916 1208 
pension costs 3894 2932 
79081 74554 
pension arrangements
the group has several defined contribution group personal pension plans in the uk and germany the contributions payable by the
group in respect of the year to these schemes are charged to the profit and loss account on an accruals basis the pension costs for
both years related to defined contribution schemes only the group does not operate any defined benefit pension schemes
key management remuneration
key management personnel as disclosed under ias 24 related party disclosures have been identified as the board
details of the board of directors’ remuneration for those served during the year are as follows
2007 2006
£000 £000
shortterm employee benefits 1141 1160 
sharebased payments 558 375 
1699 1535 
59
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
7 sharebased payments
equitysettled share option plans
the group operates several share option plans including saye and other sharebased schemes the terms which are
summarised below
contractual life vesting conditions share price at grant date
saye granted for either three four savings over the period closing mid market quotation
or five years with six months three four or five years until on date of grant less 20 
to exercise following maturity maturity date no performance discount
after which the options expire conditions
approved share option plan ordinarily exercisable between options vest as soon as one closing midmarket
“asop” and longterm three and ten years from the year profit performance target quotation on day preceding
incentive plan “ltip” date of grant following which is met date of grant or average of
the options expire the option three days preceding date 
holders must be in continued of grant
employment during this 
period if the options remain 
unexercised after a period of 
ten years from the date of 
grant the options expire
performance share plan “psp” both plans – conditional both plans – conditional both plans – conditional
share matching plan “smp” award vests on third award vests on third awards of “free shares” –
anniversary subject to anniversary subject to effectively nil cost options
performance conditions performance conditions being closing midmarket quotation
being met in part or in full met in part or in full award on day preceding date of
holders under the smp must be grant or average of three days
still employed or good leavers preceding date of grant is
these award holders must used for calculation and tax
acquire “invested shares” purposes only
which the company matches on 
a two for one grossed up basis
share incentive plan “sip” leavers can keep matching employees keep shares they shares are market purchased
shares held for three years and have purchased “partnership on a monthly basis
over full tax relief available shares” shares matched by
after five years the company “matching 
shares” on a one for one 
basis may be retained by 
good leavers bad leavers may 
retain matched shares held 
for three years and over 
matched shares vest in full 
for employees after five years 
no performance conditions
management incentive plan a conditional award using annual vesting takes place closing midmarket 
“mip” market purchase shares is for meeting loyalty and quotation on day preceding 
made over a performance performance conditions based date of grant
period agreed prior to the on achieving predetermined
time of grant subject to divisional financial
performance conditions performance measures
being met in part or in full 
in accordance with the accounting policy at note 1mii ifrs has been applied to all grants of equity instruments after
7 november 2002 that were unvested at 1 january 2005
60
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 7 sharebased payments continued
details of relevant share options outstanding during the year are as follows
2007 2007 2006 2006
saye other sharebased saye other sharebased
weighted weighted weighted weighted 
number of average number of average number of average number of average 
share options exercise price share options exercise price share options exercise price share options exercise price
outstanding at 1 may2238187 36p 13812115 26p6175447 28p 11552741 43p 
granted during the year – – 4626083 – – –4714657 0p 
exercised during the year1208678 40p 859248 46p 3268059 22p 1535836 35p 
lapsed during the year 92378 40p 424004 51p 669201 28p 919447 44p 
outstanding at 30 april937131 32p 17154946 22p 2238187 28p 13812115 43p 
exercisable at 30 april363028 5997071 363028 1069812 
weighted average fair value 
of optionsshares granted 
in the year – 56p – 48p 
weighted average remaining 
contractual life year11 40 12 58 
exercise price 23p – 46p 00p – 87p 23p – 46p 00p – 806p
saye other sharebased
outstanding weighted outstanding weighted 
shares at average weighted shares at average weighted 
30 april remaining average 30 april remaining average 
2007 contractual life exercise price 2007 contractual life exercise price
exercise price range
0p – – – 8610321 18 – 
1p –40p 594999 09 23p 3469284 60 33p 
41p –806p 342132 19 46p 5075341 63 55p 
937131 11 32p 17154946 40 46p 
the fair values for the above options were calculated using the blackscholes and stochastic option pricing models the inputs into
these models were as follows
2007 2006
saye other sharebased saye other sharebased
grant date 1 april 2003 17 jan 2003 – 1 april 2003 17 jan 2003 –
and 1 april 2004 16 april 2007 and 1 april 2004 18 april 2006
number granted – 4626083 – 4714657 
model used blackscholes stochastic blackscholes stochastic 
weighted average share price at grant 35p 29p 42p 40p 
expected volatility 557 – 587 295 – 590 557 – 587 545 – 590
expected life 3 – 5 years † 3 – 5 years †
risk fee rate 36 – 47 34 – 52 36 – 47 34 – 49
expected dividend yield 0 0 – 09 0 0
† expected life for other sharebased payments are 100 of options are exercised after three years if a gain of 10 is available if this gain is not available options
are held until such a gain can be made any remaining options are exercised at maturity providing that they are “in the money” for ltip – profit element only 
5 per annum leavers in the first three years was assumed
expected volatility was determined by calculating the historical volatility of the company’s share price over the following periods
expected life up to grant date other sharebased schemes – three years and saye three four and five years for three four and
five year contracts respectively the period of exceptional volatility for the period from 30 september 1999 to 24 july 2002 was
removed from the volatility calculations 
the expected life used in the model has been adjusted based on management’s best estimate for the effects of nontransferability
exercise restrictions and behavioural consideration the employers’ nic liability on the outstanding awards at 30 april 2007 was
£422000 2006 £259000 which is fully provided for in the accounts
the group recognised total expenses of £1916000 2006 £1208000 related to equitysettled sharebased payment
transactions during the year the sharebased liability on the mip scheme is £30000 2006 £nil
61
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
8 tax expense
continuing operations discontinued operations total
2007 2006 2007 2006 2007 2006
£000 £000 £000 £000 £000 £000
current tax
uk corporation tax 5528 5120 2 41 5526 5079 
foreign tax 1621 1453 – – 1621 1453 
7149 6573 2 41 7147 6532 
adjustments in respect of prior years
– uk corporation tax 307 301 3800 3210 4107 3511
– foreign tax 154 68 – – 154 68 
461 233 3800 3210 4261 3443
total current tax chargecredit 6688 6340 3802 3251 2886 3089 
deferred tax
uk 785 455 – – 785 455 
foreign 434 84 – – 434 84 
total deferred tax charge note 26 351 539 – – 351 539 
total tax chargecredit 7039 6879 3802 3251 3237 3628 
no tax arose on the profit on sale of discontinued operations the tax credit of £38m 2006 £32m arose from the reassessment
in accordance with note 1l of provisions established in the past for taxation attributable to discontinued activities
corporation tax is calculated at 30 2006 30 of the estimated assessable profit for the year taxation for other jurisdictions 
is calculated at the rates prevailing in the respective jurisdictions
2007 2006
£000 £000
creditedcharged to equity 
deferred tax relating to sharebased payments 664 11 
uk corporation tax relating to foreign exchange 516 – 
1180 11 
factors affecting tax charge for the year
the tax assessed on the profit on ordinary activities for the year is higher than the standard rate of corporation tax in the uk 
the differences are explained below
2007 2006
£000 £000
profit before tax
continuing operations 24046 10449 
tax on group profit at standard uk corporation tax rate of 30 2006 30 7213 3135 
effects of
goodwill tax amortisation and impairment 657 389
profit on saleclosure of discontinued operations 428 –
disallowed expenses and non taxable income net 1069 4054 
rd enhanced relief – 89
act irrecoverable recoverable 473 227
shortterm timing differences 39 466
tax losses carried forward 719 523 
utilisation of tax losses 741 132
lowerhigher tax rates on overseas earnings 101 167 
adjustments to current tax charge in respect of previous periods 461 321 
other 86 18
group tax charge for year 7039 6879 
the group earns its profits in the uk and overseas the tax rate used for tax on profit on ordinary activities is the standard rate 
for uk corporation tax currently 30 as the group’s head office is in uk
62
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 9 earnings per share
the calculations of earnings per share are based on the group profit for the year underlying profit
1
and weighted average number
of shares in issue
2007 2006
eps summary
basic eps 58p 25p 
basic eps for continuing operations 49p 10p 
underlying eps
1
58p 53p 
2007 2006
pence pence 2007 2006
per share per share £000 £000
profit for the year 58 25 20271 8869 
profit from discontinued operations 09 15 3264 5299
profit for the year from continuing operations 49 10 17007 3570 
reconciliation to underlying profit
operating profitloss from disposed businesses and sov 01 41 377 14119 
other gains and losses 03 – 1136 – 
acquired intangible assets amortisation net of tax 03 – 894 –
sharebased payments net of tax 04 02 1542 939
underlying profit
1
58 53 20202 18628 
diluted eps for profit for the year is 57p per share 2006 25p per share
diluted eps for profit for the year on continuing operations is 48p per share 2006 10p per share
basic and diluted eps for discontinued operations is 09p per share 2006 15p per share
number of shares ’000 2007 2006
weighted average number of shares in issue – used to calculate basic earnings per share 350163 349478 
effect of dilutive ordinary shares
– saye and share option schemes 4565 4435 
number of shares used to calculate diluted earnings per share 354728 353913 
earnings per share on underlying profit have been included to give a clearer understanding of the results of the continuing businesses
1 profit on continuing businesses before disposed businesses and sov sharebased payments and acquired intangible assets amortisation
63
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
10 goodwill
total
£000
cost
at 1 may 2005 and 1 may 2006 51966 
acquisition of subsidiaries 49676 
eliminated on disposal of subsidiaries 3118
exchange movement 438 
at 30 april 2007 98962
accumulated impairment losses
at 1 may 2005 17347 
impairment losses 500 
at 30 april 2006 17847 
disposal of subsidiaries 2118
at 30 april 2007 15729
net book value at 30 april 2007 83233
net book value at 30 april 2006 34119 
goodwill is subject to annual impairment testing or more frequently if there are indications that goodwill might be impaired
the recoverable amounts of the cash generating units cgu are determined from value in use calculations or management’s
review of the recoverable amount the cgu is typically the combination of a group of assets acquired which cannot be separately
identified within each primary segment of the group the key assumptions for these calculations are as follows
1 discount rate – the pretax rate used to discount the operating profit projections was 10 which reflects the current market
assessments of the risk of the cgu
2 operating profit projections are derived from recently approved budgets three year plans management’s view of the
recoverable amount based on observable market prices for the cgu and have assumed the terminal growth rate to be zero
the impairment loss in the year ended 30 april 2006 related to gmo management consulting gmbh which was disposed 
of during the current year note 3b
64
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 11 other intangible assets
separately 
identified 
customer acquired
lists and in process intangible development software 
relationships technology rd assets costs licences total
£000 £000 £000 £000 £000 £000 £000
cost 
at 1 may 2005 – – – – 3520 1570 5090 
additions – – – – 3621 600 4221 
exchange movement – – – – – 6 6 
at 30 april 2006 – – – – 7141 2176 9317 
additions – – – – 6077 687 6764 
acquisition of subsidiaries 17759 5742 1536 25037 – 477 25514 
disposals – – – – – 392 392
disposal of subsidiaries – – – – – 112 112
exchange movement 212 27 10 229 – 9 238 
at 30 april 2007 17971 5769 1526 25266 13218 2845 41329 
amortisation 
at 1 may 2005 – – – – 1326 1114 2440 
amortisation – – – – 1568 556 2124 
exchange movement – – – – – 2 2 
at 30 april 2006 – – – – 2894 1672 4566 
amortisation 745 433 99 1277 3016 497 4790 
disposal – – – – – 392 392
disposal of subsidiaries – – – – – 98 98
exchange movement 4 2 – 6 – 26 32 
at 30 april 2007 749 435 99 1283 5910 1705 8898 
net book value at 30 april 2007 17222 5334 1427 23983 7308 1140 32431 
net book value at 30 april 2006 – – – – 4247 504 4751 
65
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
12 property plant and equipment
plant fixtures 
land and equipment and 
buildings computers motor vehicles total
£000 £000 £000 £000
cost 
at 1 may 2005 4811 20703 2818 28332
additions 396 5365 457 6218 
reclassified as held for sale – 57 179 236
disposals – 309 246 555
exchange movement – 42 27 69 
at 30 april 2006 5207 25744 2877 33828 
additions 47 2682 1698 4427 
acquired businesses – – 124 124 
disposal of businesses – 306 90 396
disposals – 8560 1195 9755
exchange movement – 59 20 79
at 30 april 2007 5254 19501 3394 28149 
accumulated depreciation and impairment
at 1 may 2005 – 14912 1393 16305 
charge for the year 64 4585 563 5212 
reclassified as held for sale – 49 161 210
disposals – 179 281 460
exchange movement – 21 24 45 
at 30 april 2006 64 19290 1538 20892 
charge for the year 75 3937 592 4604 
disposal of businesses – 306 85 391
disposals – 8530 1117 9647
exchange movement – 44 19 63
at 30 april 2007 139 14347 909 15395 
net book value at 30 april 2007 5115 5154 2485 12754 
net book value at 30 april 2006 5143 6454 1339 12936
disposals include writing off of cost and depreciation of assets no longer in use
66
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 13 investments
i group’s principal subsidiary undertakings
ownership
percentage by place of
the group at incorporation
company name principal activity 30 april 2007 registration
held directly by the company
anite holdings international limited holding company 100 england
anite plc property holding company 100 england
anite systems holdings limited holding company 100 england
js engineers limited property holding company 100 england
wick surrey properties limited property holding company 100 england
anite financial management limited investment holding company 100 england
held indirectly by the company
anite business systems limited travel software solutions and managed services 100 england
anite deutschland gmbh  co kg it consultancy 100 germany
anite deutschland management gmbh holding company 100 germany
anite europe holding gmbh holding company 100 germany
anite finland limited telecoms testing technologies for wireless devices 100 finland
anite international australia pty limited consultancy systems integration and application 100 australia
solutions to central and local government
anite public sector limited consultancy systems integration and application 100 england
solutions to central and local government
anite secure information solutions limited consultancy systems integration and application 100 england
formerly anite scotland limited solutions to central and local government
anite singapore pte limited telecoms testing technologies for wireless devices 100 singapore
anite telecoms limited telecoms testing technologies for wireless devices 100 england
anite telecoms inc telecoms testing technologies for wireless devices 100 usa
anite telecoms kk telecoms testing technologies for wireless devices 100 japan
anite telecoms korea limited telecoms testing technologies for wireless devices 100 south korea
anite travel systems ab limited travel software solutions and managed services 100 finland
educational measurements limited holding company 100 england
reilrop bv holding company 100 netherlands
all companies listed above have been included in the consolidated accounts all shares held are ordinary shares with one vote
per share
the country of incorporation is also the country in which each company has its principal place of business
ii other investments
£000
cost
at 30 april 2006 169
disposals 169
at 30 april 2007 –
provisions for impairment
at 30 april 2006 169
disposals 169
at 30 april 2007 –
net book value at 30 april 2006 and 30 april 2007 –
67
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
14 acquisition of businesses
during the year the group acquired the following businesses
percentage
acquired date
nemo technologies ltd wireless 100 30 november 2006
invenova corporation wireless 100 29 january 2007
the book value and fair value of assets acquired and liabilities assumed were as follows
2007 2007
book value fair value
nemo invenova total nemo invenova total
£000 £000 £000 £000 £000 £000
intangible assets 479 – 479 23016 2500 25516 
property plant and equipment 130 6 136 124 – 124 
current assets 4985 80 5065 4843 80 4923 
cash and cash equivalents 399 318 717 399 318 717 
current liabilities 1472 529 2001 1466 529 1995
deferred tax liability
1
– – – 5932 932 6864
net assets acquired 4521 125 4396 20984 1437 22421 
goodwill
2
– – – 44984 4692 49676 
net consideration 4521 125 4396 65968 6129 72097 
the net consideration after acquisition expenses is set out below
cash consideration 57863 3014 60877 
deferred consideration accrued
3
5317 2922 8239 
total consideration 63180 5936 69116 
acquisition expenses 2788 193 2981 
net consideration payable 65968 6129 72097 
the net cash flows in respect of the acquisition of businesses are as follows
initial consideration including net asset adjustment paid 57863 3014 60877 
acquisition expenses 2668 193 2861 
net consideration paid 60531 3207 63738 
add cash and cash equivalents acquired 399 318 717 
net cash outflow on acquisitions 60132 2889 63021 
1 deferred tax liability arising as a result of the fair value adjustments
2 goodwill arising on the acquisition results from assets and liabilities that cannot be recognised separately and cannot be measured reliably 
3 deferred consideration accrued is the company’s best estimate of the contingent consideration payable to vendors which may subject to change as this is
dependent on the fulfilment of certain performance targets of the businesses acquired this amount was discounted to its current value in accordance with 
ifrs3 – business combinations
there were no acquisitions in 2006
nemo technologies ltd renamed anite finland ltd
nemo contributed £69m 1103m to group revenue and £20m 129m to group profit before tax for the period between
1 december 2006 and the balance sheet date
if the acquisition of nemo business had been completed on the first day of the financial year its contribution to revenues and
operating profit excluding amortisation of acquired intangible assets and financing costs for the 12 months to 30 april 2007
would have been £145m 1214m and £44m 165m respectively
invenova corporation
invenova contributed £10m us20m revenue for the period between 30 january 2007 and the balance sheet date and £20m
us40m for the 12 months to 30 april 2007 it is not practical to identify the profit before tax for this business for the post
acquisition period or for the 12 months ended 30 april 2007 as it was fully integrated within the wireless businesses from the
date of acquisition
68
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 15 inventories
2007 2006
£000 £000
electronic components 4146 2674 
work in progress 164 127 
finished goods 199 119 
4509 2920
inventories are stated at fair value less cost to sell
16 trade and other receivables
2007 2006
£000 £000
current assets
trade debtors 46249 43582
less provision for impairment of trade receivables 670 1060
trade debtors net of provision 45579 42522
other receivables 2082 1146
prepayments 4382 5206
amount due from construction contract customers note 22 353 383
accrued income 5931 6119
58327 55376
noncurrent assets
accrued income 934 –
59261 55376
the directors consider that the carrying amount of trade and other receivables approximates their fair value the trade receivables
do not include any advances or retentions at 30 april 2007 2006 £nil
the group’s credit risk on trade and other receivables is primarily attributable to trade debtors accrued income and amounts
recoverable on contracts
the amounts presented in the table above are net of allowances for doubtful recoverability and foreseeable losses the group 
has no significant concentrations of credit risk since the risk is spread over a large number of unrelated counterparties
17 cash deposit held in escrow
2007 2006
£000 £000
cash deposit held in escrow 8197 –
this cash deposit of £82m 1120m is held in an escrow account was for the purpose of meeting the maximum contingent
consideration payable to the vendors of the nemo business purchased during the year upon the satisfaction of certain 
contingent consideration conditions as set out in the sale and purchase agreement the contingent consideration period ends 
on 31 december 2007 and the consideration amount is payable within 90 days from this date this euro denominated cash 
was invested on a floatingrate basis at market rate and is therefore subject to cash flow interest and foreign currency risks
the directors consider that the carrying amount of the cash deposit held in escrow approximates its fair value
69
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
18 cash and cash equivalents
2007 2006
£000 £000
cash at bank and in hand 10266 13602
term deposits 8399 22661
18665 36263
cash at bank and in hand was invested on a floating rate basis and is therefore subject to cash flow interest risk the group has
the legal right of set off for certain of its overdraft and cash balances under an offsetting arrangement within its banking facilities
term deposits comprise money market deposits which attract interest rates based on libor or equivalent market rates fixed for
periods of up to three months the directors consider that the carrying amounts of cash and cash equivalents approximate to
their fair values
for the purposes of the consolidated cash flow statement cash and cash equivalents comprise the above amounts
19 trade and other payables
2007 2006
£000 £000
trade creditors 12017 8714
other taxes and social security 6330 6540
amount due to construction contract customers note 22 475 81
payments received on account 6561 7122
deferred income 25174 24509
accruals 13585 16419
other creditors 1854 2760
vendor loan notes – 478
65996 66623
trade and other payables principally comprise trade purchases and other operating costs it also includes vendor loan notes
payable on previously acquired businesses
the directors consider that the carrying amount of trade payables approximates their fair value
the trade and other payables do not include any advances or retentions at 30 april 2007 2006 £nil
70
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 20 bank borrowings
2007 2006
£000 £000
current
bank loans 4829 –
noncurrent
bank loans 44610 –
49439 –
the borrowings are repayable as follows
on demand or within one year 4829 –
in the second year 4854 –
in the third to fifth years inclusive 14785 –
after five years 24971 –
49439 –
less amounts due for settlement within 12 months 4829 –
shown under current liabilities
amount due for settlement after 12 months 44610 –
the current and noncurrent bank loans comprise a £500m 2006 £nil fixedterm loan and £0561m of unamortised issue costs
being amortised over the period of the loan
the loan was taken out on 30 november 2006 under a borrowing facility see note 25 for more details repayment commences
on 30 november 2007 and will continue until 30 november 2011 being the date of maturity this loan is secured by a fixed and
floating charge on the group’s assets this loan carries a weighted average floating interest rate of 62 and exposes the group to
cash flow interest rate risk this interest rate risk was partly hedged by the group using derivative financial instruments note 24
the bank loans are initially measured at fair value and net of transaction costs they are subsequently measured at amortised 
cost using the effective interest method with interest expense recognised on an effective yield basis the average effective
interest rates for this loan was 671
71
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
21 net debtcash
2007 2006
note £000 £000
cash deposit held in escrow 17 8197 –
cash and cash equivalents 18 18665 36263
bank borrowings – current 20 4829 –
bank borrowings – noncurrent 20 44610 –
interest rate swaps and caps excluding accrued interest 24 121 –
loan notes 19 – 478
22456 35785
a reconciliation of the movement in net debt for the year is as detailed below
2007 2006
£000 £000
net cash at 1 may 35785 37215
increase in cash deposit held in escrow 8097 –
net decrease in cash and cash equivalent 17378 1470
unamortised issue costs of bank borrowings 561 –
increase in bank borrowings 50000 –
fair value adjustments on the interest rate swaps and caps 121 –
decreaseincrease in loan notes 478 401
decrease in finance leases – 151
exchange movement 120 290
net debtcash at 30 april 22456 35785
22 construction contracts with customers
2007 2006
note £000 £000
contracts in progress at balance sheet date
amounts due from contract customers included in trade and other receivables 16 353 383
amounts due to contract customers included in trade and other payables 19 475 81
122 302
contract costs incurred plus recognised profits less recognised losses to date 11922 10558
less progress billings 12044 10256
122 302
revenue recognised during the year for construction contracts was £62m 2006 £92m
23 noncurrent liabilities – other payables
the directors consider that the carrying amount of other payables approximates their fair value for 2006
72
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 24 derivative financial instruments
details of the significant accounting policies and methods adopted the basis of measurement and the basis on which income and
expenses are recognised in respect of each class of derivative financial instrument are disclosed in note 1 to the financial statements
the fair value of the group’s derivative financial instruments are as follows
2007 2007 2006 2006
assets liabilities assets liabilities
£000 £000 £000 £000
noncurrent assets – derivative financial assets
interest rate swaps – in a cash flow hedge relationship 117 – ––
interest rate caps – in a cash flow hedge relationship 4– ––
noncurrent liabilities – derivative financial liabilities
cross currency swaps – in a net investment hedge relationship – 1722 ––
121 1722 ––
analysed as expiring
within one year – 1722 ––
more than one year and within five years 121 – ––
121 1722 ––
cash flow hedges – interest rate swaps and caps
the group uses interest rate swaps and caps to manage its exposure to interest rate movements on its bank borrowings
at 30 april 2007 the interest rate swaps with notional principal amounts totalling £200m 2006 £nil have fixed interest rate
payments at an average rate of 5535 and have floating interest receipts at libor rate for periods up until 31 october 2011
at 30 april 2007 the details of the interest rate caps contracts were as follow
i notional principal amount £75m 2006 £nil and interest rates are capped at 625 for periods up until 31 january 2008 and
ii notional principal amount £50m 2006 £nil and interest rates are capped at 625 for periods up until 31 january 2009
the fair value of the interest rate swaps and caps as shown above are based on market values of equivalent instruments at the
balance sheet date all these interest rate swaps and caps are designated and effective as cash flow hedges and the fair value
thereof has been deferred in equity the net amount of the swaps and caps that has been expensed against hedged interest
payments made in the period is less than £300
net investment hedges – cross currency swaps
the group has overseas subsidiaries which operate mainly in north america northern europe and asia pacific and whose
revenues and expenses are denominated in their local currencies the group has hedged part of its net investment in overseas
subsidiaries through natural hedges and utilisation of cross currency swaps
at the balance sheet date the currency split of the marktomarket values of cross currency swaps including the exchange 
of principals was 11384m £946m 2006 £nil and £928m 2006 £nil the fixed interest rates on these cross currency swaps
range from 383 to 522 and the floating interest rates are based on libor sterling and euribor euro
the fair value change on the cross currency swaps which is 100 effective against the hedged item is recognised in the foreign
currencyhedging reserve
73
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
25 financial risk management
the group’s financial assets and liabilities mainly comprise bank borrowings some cash and liquid resources derivative financial
instruments deferred consideration for acquisitions and various items such as trade receivables and payables that arise directly
from its operations
the main risks arising from the group’s financial instruments are interest rate risk liquidity risk credit risk and foreign currency
risk the board reviews and agrees policies for managing each of these risks which are summarised below
i interest rate risk
the group finances its operations and acquisitions through a mixture of reserves and bank borrowings and this policy is reviewed
from time to time the group borrows in the desired currencies at floating rates of interest and manages the interest rate risk by
selectively using interest rate swaps and caps any surplus cash is converted into sterling and is invested in shortterm money
market and bank deposits at the prevailing rates of interest in order to achieve the market rate of return
maturity profile
the maturity profile based on the timing of the cash flow of financial assets and liabilities is presented below
other financial instruments of the group that are not included in the table are noninterest bearing
less than one to two to three to four to 2007 2006†
one year two years three years four years five years total total
£000 £000 £000 £000 £000 £000 £000
financial assets
cash held in escrow 8197–––– 8197 –
cash and cash equivalents 18665–––– 18665 36263
derivative assets note 24 121–––– 121 –
26983 –––– 26983 36263
financial liabilities
bank borrowings note 20 4829 4854 4970  4970 29816 49439 –
vendor loan notes –––––– 478
22154 4854 4970 4970 29816 22456 35785 
† 2006 financial assets and liabilities are all less than one year
interest rate and currency profiles
the interest rate profile analysed between fixed floating and interest free and currency profile by key currencies are presented
after taking into account the effects of hedging instruments
financial assets financial liabilities net assetsliabilities
2007 2006 2007 2007 2006 2007 2006
floating floating fixed floating fixed total total
currencies £000 £000 £000 £000 £000 £000 £000
sterling 18014 26674 32500 16939 478 31425 26196
euros 6139 7115 –– – 6139 7115
us dollars 1333 496 –– – 1333 496
others 1497 1978 –– – 1497 1978
total 26983 36263 32500 16939 478 22456 35785
the uk companies are part of a group set off arrangement with lloyds tsb bank plc the interest rate is based on 1 per annum
over the bank’s base rate for its sterling accounts and 1 per annum over the bank’s relevant shortterm offered rate for any
other currency accounts the weighted average floating interest rate of sterling financial liabilities in 2007 was linked to libor
plus 80 basis points for bank loans the basis points vary between 060 points and 105 points dependent on the ratio of net
debt to ebitda reviewed annually
all vendor loan notes were repaid during the year the weighted average interest rate on these loan notes was 55 2006 55
there were no outstanding finance lease transactions at the year end the fixed interest rates on finance leases repaid in the year
was £nil 2006 range from 62 to 14 just after nemo was acquired the business settled its finance lease with its previous
parent company
the fair value of financial assets and liabilities is not materially different from the book value recorded at 30 april 2007 and 2006
74
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 25 financial risk management continued
credit risk
the group’s policy is to ensure that all credit customers are subject to credit verification procedures and receivables are
monitored closely on a regular basis so that the group is exposed to minimum level of bad debts
the group’s exposure to credit risk on the other financial assets including cash and cash equivalents borrowings and derivatives
instruments arises only from default of the counterparties ie the financial institutions
liquidity risk
the group’s objective is to maintain a balance and continuity of funding and flexibility through the use of bank overdrafts and
bank syndicated facilities
the group’s uk overdraft facility was renewed during the year and agreed at £100m net the amount drawn down under this
facility at 30 april 2007 was £nil 2006 £05m the next scheduled review date is 31 january 2008
the group had a committed syndicated revolving credit facility agreement with two uk banks of £200m which expired on 
31 august 2006
in preparation for the acquisition of nemo technologies the group entered into a new fiveyear syndicated facility on 31 october
2006 which was underwritten in full by lloyds tsb bank plc this facility consists of a term loan of £500m repayable at £50m 
per annum until 30 november 2010 with the balance due on 30 november 2011 and a revolving credit facility of £400m 
the amount of undrawn facilities at 30 april 2007 was £400m and total undrawn facilities including the overdraft facility was
£500m the revolving credit facility incurs commitment fees at market rates
this facility is available to be drawn to support the general corporate purposes for the group including working capital
requirements
foreign currency risk
the group has overseas subsidiaries which operate mainly in north america northern europe and asia pacific and whose
revenues and expenses are denominated in their local currencies the group currently partly hedges its investment in overseas
subsidiaries through financial instruments and natural hedges
the table below shows the group’s currency exposures arising from those transactional or nonstructural exposures that give
rise to the net currency gains and losses recognised in the profit and loss account such exposures comprise the monetary assets
and monetary liabilities of the group that are not denominated in the functional currency of the operating unit involved as at
30 april 2007 these exposures were as follows
2007 2006
net foreign currency monetary assetsliabilities net foreign currency monetary assetsliabilities
sterling euro us sterling euro us
functional currency related related dollars other total related related dollars other total
of group operations £000 £000 £000 £000 £000 £000 £000 £000 £000 £000
sterling – 3288 464 225 2599 – 5159 795 112 5842
euros 51–– 1 52 24 – – 18 6
others 996 – – – 996 – – –––
1047 3288 464 224 3647 24 5159 795 130 5848
see note 24 for details of the currency swaps used to hedge part of the group’s net investment in subsidiaries denominated in euros
75
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
26 deferred tax assetsliabilities
accelerated shortterm advance
taxdevelopment intangiblesharebased timing taxcorporation
depreciation costs goodwill assets payments differences losses tax total
£000 £000 £000 £000 £000 £000 £000 £000 £000
at 1 may 2005 1302 658 1233 – 495 524 – – 2896
charge credit to income 
statement for the year 294 105 84 – 269 233 – 92 539
transfer to current tax ––––––– 92 92
charge to equity for the year –––– 11 – – – 11
at 30 april 2006 1008 763 1149 – 753 291 – – 2438
acquisitions – – – 6864 ––––6864
charge credit to income 
statement for the year 972 1102 51 383 291 49 547 500 351
transfer to current tax ––––––– 473 473
credit to equity 
for the year –––– 664 ––– 664
at 30 april 2007 36 1865 1200 6481 1708 242 547 27 4586
certain deferred tax assets and liabilities have been offset to the extent permitted by ias 12 the following is the analysis of the
deferred tax balances after offset for balance sheet purposes
2007 2006
£000 £000
deferred tax assets 1895 2438
deferred tax liabilities 6481 –
4586 2438
2007 2006
£000 £000
deferred tax assets not recognised
income losses carried forward 5292 7990
capital losses carried forward 2920 2815
goodwill amortisation 1174 2099
surplus act carried forward 2457 1984
11843 14888
deferred tax assets in respect of future goodwill amortisation and losses carried forward in certain companies have not been
recognised because at present it is not envisaged that there will be sufficient taxable profits in those companies from which future
reversal of these reliefs can be deducted the unutilised reliefs may be carried forward indefinitely
2007 2006
£000 £000
temporary differences in respect of which no deferred tax has been recognised
undistributed earnings of subsidiaries 9863 4192
deferred tax liabilities have not been recognised for the withholding tax and other taxes that would be payable on the unremitted
earnings of certain overseas subsidiaries no provision is required since the group is in a position to control the timing of the
reversal of these differences and either it is probable that such differences will not reverse in the foreseeable future or no tax 
is payable on the reversal
no provision has been made for taxation of £983000 2006 £983000 in respect of chargeable gains rolled over because at
present there is no commitment to dispose of the replacement assets
76
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 27 provisions
onerous 
deferred property contract other group 
consideration warranties provision provisions provisions total
£000 £000 £000 £000 £000 £000
at 1 may 2006 – 5062 5452 14236 629 25379
reclassification from trade and other payables – – 134 – 40 174
release of provision credited to profit and loss – 1100 534 285 64 1983
established during the year – 1460 1657 16 67 3200
acquisition of subsidiariesnote 14 8359 –––– 8359
disposal of subsidiaries note 3a –––– 305 305
utilised during the year – 230 2411 11790 24 14455
unwinding of discount 72 – 152 – – 224
exchange movement 9 7 – 260 8 266
at 30 april 2007 8440 5185 4450 1917 335 20327
2007 2006
£000 £000
analysed as
current liabilities 14443 14649
noncurrent liabilities 5884 10730
20327 25379
the provision for deferred consideration represents the group’s best estimate of the potential liability for cash contingent
consideration payments in respect of the nemo £54m and invenova £30m businesses acquired during the year note 14
the warranty provision has been made to cover any potential claims made by disposed businesses during the contractual 
warranty period the release of warranty provision of £11m was in respect of a previously disposed business no longer required
the amount established of £146m represented the company’s best estimate of a claim in respect of a previously disposed
business the net charge of £036m is included in the “loss on disposal of previously disposed businesses” in note 3b –
discontinued operations
the group disposed of cray communications inc on 4 september 1996 the transaction also involved the disposal of a pension
plan which may now be underfunded the group agreed to retain certain obligations for the plan for five years from the date 
of disposal and following expiry of the warranty period brought action to seek a declaratory judgement that it has no further
obligations to fund the plan and also to release monies held in escrow of us05m in march 2007 the group’s action originally
filed in july 2005 was reinstated and the defendants have applied to the court to stay discovery pending a final determination
of liability from the pension board guarantee corporation pbgc the group has received legal advice that has confirmed that
the group has no liability for the deficit however final determination by the pbgc has not yet been made based on the legal
advice received no provision has been made for any liability under the scheme the escrow contingent asset will only be recognised
once final confirmation of the release has been received
the property provision is in respect of all properties surplus to business requirements and dilapidation provisions for properties
currently in use the provision is calculated in accordance with ias 37 as disclosed in note 1 to the accounts the dilapidation
provisions for properties established during the year were £10m which were capitalised in “property plant and equipment” 
and will be charged to income statement on a straightline basis over the remaining term of the relevant property lease
the onerous contract provision was provided in 2004 and 2005 in respect of the pericles and state of victoria “sov” contractual
commitments a further £120m provision was made in 2006 to cover the costs of settlement with the customer and restructuring
costs of sov in the year £04m 2006 £05m and £114m 2006 £50m was utilised in respect of the pericles and sov contracts
respectively 
other provisions included a provision of £03m disposed as part of the disposal of the assets and liabilities of anite opentur srl
note 3a
77
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
28 called up share capital 
ordinary shares deferred redeemable shares
of 10p each of £1 each
number £000 number £000
authorised
at 30 april 2006 and 2007 400000000 40000 50000 50
allotted issued and fully paid
at 30 april 2006 351361034 35136 50000 50
issued during the year 2244586 224 – –
cancelled during the year 857460 85 – –
at 30 april 2007 352748160 35275 50000 50
a redeemable share capital
these deferred shares of £1 each may be redeemed at any time at the option of the company at a price of 1p each they are
nonequity shares and have no voting rights
b shares issued during the year
i 1227354 ordinary shares were issued at prices between 23p and 46p each in connection with options exercised under 
the company’s save as you earn saye schemes
ii 1017232 ordinary shares were issued at prices between 305p and 565p each in respect of the exercise of options under 
the approved share option scheme and the longterm incentive plan “executive share option schemes”
c outstanding options
as at 30 april 2007 the following options over the company’s ordinary shares had been granted and were still outstanding
executive saye
share option option
schemes schemes total
outstanding at 1 may 16103092 2268900 18371992
granted during the year 4626083 – 4626083
exercised during the year 1017232 1227354 2244586
lapsed during the year 479787 63978 543765
outstanding at 30 april 19232156 977568 20209724
subscription price 0p – 207p 23p – 128p
dates exercisable february 2000 – february 2006 –
december 2017 august 2007
weighted average exercise price 45p 39p
d cancelled shares
the shares cancelled during the year were acquired at an average price of 715p per share as part of the group’s share 
buy back programme
e own shares reserve
the own shares reserve represents the cost of shares in anite group plc purchased in the market as follows
i 900000 shares for £547000 for the company’s employee share ownership plan to satisfy part of the employers’ nic liability
of the group’s share options schemes
ii 651342 shares for £472000 for the company’s share incentive plan “sip” under the sip scheme these shares will be held
until the conditions of the sip are fulfilled of this amount 412454 shares were purchased at £304000 during the year
these amounts have been deducted from shareholders’ equity in accordance with ias 32 and 39
78
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 29 dividends
2007 2006 2007 2006
pence pence £000 £000
ordinary shares
final dividend paid for the year ended 30 april 2006 05 – 1753 –
in 2006 the board decided to recommend the payment of a dividend to shareholders 
the trustees of the anite group plc employee share ownership plan waived their entitlement to dividends which reduced the
total dividend paid by £4500 in respect of the final dividend paid in respect of the year ended 30 april 2006
an interim dividend of 025p per share was paid on 16 may 2007
at the annual general meeting on 3 october 2007 a final dividend in respect of the year ended 30 april 2007 of 055p per share
is to be proposed the proposed final dividend will be paid and accounted for in shareholders’ equity as an appropriation of
retained earnings in the year ending 30 april 2008
30 commitments
a capital commitments
2007 2006
£000 £000
contracted but not provided for – fixed assets – 20
b operating lease arrangements
2007 2006
£000 £000
lease payments under operating leases recognised as an expense in the year 3149 4311
the group has outstanding commitments under noncancellable operating leases which fall due as follows
land and buildings other
2007 2006 2007 2006
£000 £000 £000 £000
leases expiring in one year 3661 3959 129 150
leases expiring in two to five years inclusive 12621 13565 152 102
leases expiring after five years 9813 13588 1 158
26095 31112 282 410
79
financial statements
notes to the accounts
anite group plc annual report and accounts 2007 notes to the accounts continued
31 contingent liabilities
there are contingent group liabilities that arise in the normal course of business in respect of indemnities warranties guarantees
and legal claims however the directors consider that none of these claims is expected to result in a material gain or loss to
the group
32 related party transactions
a key management personnel
the details of key management remuneration are disclosed in the remuneration report
b related party transactions
the board is not aware of any related party transactions that should be disclosed apart from the details below
i on 6 november 2006 anite holding gmbh a subsidiary undertaking of anite group plc sold its shareholding in gmo
management consulting gmbh “gmo mc” the smallest of its two it consultancy businesses based in germany to 
dr k spiller the managing director of gmo mc for a cash consideration of £01m prior to completion the capital reserve 
of £07m was paid to anite see note 3c for more details
ii on 29 march 2007 reilrop bv a subsidiary undertaking of anite group plc sold its shareholding in anite opentur srl
“opentur” based in italy to enzo ghirardi the managing director of opentur for a cash consideration of £92700 1136500
before disposal expenses of £33900 150000 including the purchase of a £1585m 12335m intercompany balance owed
to another group company
iii no guarantees have been provided to any related parties other than between anite group plc and its subsidiaries which are
related parties
iv transactions between anite group plc and its subsidiaries which are related parties have been eliminated on consolidation
33 post balance sheet event
on 9 july 2007 the group disposed of anite deutschland management gmbh “anite deutschland” and its subsidiaries to 
vega group plc for a total consideration of £80m payable in cash on completion at 30 april 2007 the directors considered that
the sale was not highly probable and therefore did not qualify as a held for sale disposal group or as a discontinued operation 
the results of anite deutschland were the only results in the international consulting segment shown in note 23 the results 
will be presented as a discontinued operation in the 2008 financial statements
80
anite group plc financial statements
notes to the accounts
annual report and accounts 2007 ifrs uk gaap
2007 2006 2005 2004 2003
£000 £000 £000 £000 £000
results
revenue 173177 164667 160169 196232 216336
operating profitloss – continuing operations 25933 9865 7666 26225 92115
profitloss attributable to equity holders of 
anite group plc 20271 8869 6657 29943 113294
assets employed
noncurrent assets 131368 54244 52192 71317 119143
current assets 89893 94893 91630 74458 90188
assets held for sale – 473 1415 – –
current liabilities 97622 94246 92690 94103 110767
liabilities directly associated with 
assets classified as held for sale – 519 1464 – –
noncurrent liabilities 58697 10880 12962 23361 39180
64942 43965 38121 28311 59384
key statistics
earnings per share – basic 58p 25p 19p 86p 342p
– diluted 57p 25p 19p 86p 342p
the figures presented for 2004 and 2003 under uk gaap are taken from the statutory accounts for 2004 and 2003 as published
81
financial statements
fiveyear summary
anite group plc annual report and accounts 2007
fiveyear summary independent auditors’ report
to the members of anite group plc
we have audited the parent company financial statements of anite group plc for the year ended 30 april 2007 which comprise
the balance sheet the cash flow statement the statement of changes in equity and the related notes 1 to 16 these parent
company financial statements have been prepared under the accounting policies set out therein
we have reported separately on the group financial statements of anite group plc for the year ended 30 april 2007 and on the
information in the directors’ remuneration report that is described as having been audited 
this report is made solely to the company’s members as a body in accordance with section 235 of the companies act 1985 
our audit work has been undertaken so that we might state to the company’s members those matters we are required to state 
to them in an auditors’ report and for no other purpose to the fullest extent permitted by law we do not accept or assume
responsibility to anyone other than the company and the company’s members as a body for our audit work for this report 
or for the opinions we have formed
respective responsibilities of directors and auditors
the directors’ responsibilities for preparing the annual report and the parent company financial statements in accordance with
applicable law and international financial reporting standards ifrs as adopted by the european union are set out in the
statement of directors’ responsibilities
our responsibility is to audit the parent company financial statements in accordance with relevant legal and regulatory
requirements and international standards on auditing uk and ireland
we report to you our opinion as to whether the parent company financial statements give a true and fair view and whether the
parent company financial statements have been properly prepared in accordance with the companies act 1985 we also report 
to you whether in our opinion the information given in the directors’ report is consistent with the parent company financial
statements the information given in the directors’ report includes that specific information presented in the chairman’s statement
on pages 4 and 5 the chief executive’s review on pages 6 to10 the financial review on pages 12 to 19 and the report on
corporate governance on pages 25 to 31 that is cross referred from the business review section of the directors’ report
in addition we report to you if in our opinion the company has not kept proper accounting records if we have not received all
the information and explanations we require for our audit or if information specified by law regarding directors’ remuneration
and other transactions is not disclosed
we read the other information contained in the annual report as described in the contents section and consider whether it is
consistent with the audited parent company financial statements the other information comprises only the directors’ report 
the chairman’s statement the chief executive’s operational review and the financial review we consider the implications for 
our report if we become aware of any apparent misstatements or material inconsistencies with the parent company financial
statements our responsibilities do not extend to any further information outside the annual report
basis of audit opinion
we conducted our audit in accordance with international standards on auditing uk and ireland issued by the auditing practices
board an audit includes examination on a test basis of evidence relevant to the amounts and disclosures in the parent company
financial statements it also includes an assessment of the significant estimates and judgements made by the directors in the
preparation of the parent company financial statements and of whether the accounting policies are appropriate to the company’s
circumstances consistently applied and adequately disclosed
we planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order
to provide us with sufficient evidence to give reasonable assurance that the parent company financial statements are free from
material misstatement whether caused by fraud or other irregularity or error in forming our opinion we also evaluated the overall
adequacy of the presentation of information in the parent company financial statements
opinion
in our opinion
 the parent company financial statements give a true and fair view in accordance with ifrs as adopted by the european union
as applied in accordance with provisions of the companies act 1985 of the state of the company’s affairs as at 30 april 2007
 the parent company financial statements have been properly prepared in accordance with the companies act 1985 and
 the information given in the directors’ report is consistent with the parent company financial statements
deloitte  touche llp
chartered accountants and registered auditors 
london
9 july 2007
82
anite group plc financial statements
independent auditor’s report
annual report and accounts 2007 2007 2006
note £000 £000
noncurrent assets
intangible assets 2 90 211
property plant and equipment 3 673 249
investments in subsidiaries 4 112848 113249
deferred tax assets 5 953 329
114564 114038
current assets
trade and other receivables 6 1075 871
amounts owed by group undertakings 7 59222 72862
current tax assets – 4092
cash and cash equivalents 8 17837 21290
78134 99115
total assets 192698 213153
current liabilities
trade and other payables 9 3649 3908
amounts owed to group undertakings 7 52945 73804
current tax payable 1533 114
58127 77826
noncurrent liabilities
provisions 10 500 –
500 –
total liabilities 58627 77826
net assets 134071 135327
equity
share capital 11 35325 35186
share premium account 25010 24303
own shares 1019 715
merger reserve 39029 39029
capital redemption reserve 859 773
retained earnings 34867 36751
total equity 134071 135327
approved by the board and signed on its behalf by
s p rowley chief executive
c j humphrey finance director
9 july 2007
83
company balance sheet
30 april 2007
financial statements
company balance sheet
anite group plc annual report and accounts 2007 company statement of changes in equity
for the year ended 30 april 2007
share capital 
share premium own merger redemption retained 
capital account shares reserve reserve earnings total
£000 £000 £000 £000 £000 £000 £000
balance at 1 may 2005 35446 23390 – 72136 – 6690 137662
changes in equity for 2006
profit for the year ––––– 1481 1481
total recognised income and 
expense for the year ––––– 1481 1481
issue of share capital 513 913 –––– 1426
purchase of own shares into treasury – – 715 – – – 715
transfer impairment of investments 
to merger reserve – – – 33107 – 33107 –
dividend not collected by shareholders ––––– 12 12
share buy back and cancellation 773 – – – 773 5037 5037
recognition of sharebased 
payments before tax ––––– 424 424
deferred tax related to sharebased 
payments ––––– 74 74
balance at 1 may 2006 35186 24303 715 39029 773 36751 135327
changes in equity for 2007
loss for the year ––––– 715 715
total recognised income and 
expense for the year ––––– 715 715
issue of share capital 225 707 –––– 932
purchase of own shares into treasury – – 304 – – – 304
dividend paid ––––– 1753 1753
share buy back and cancellation 86 – – – 86 613 613
recognition of sharebased 
paymentsbefore tax ––––– 848 848
deferred tax related to sharebased 
payments ––––– 349 349
balance at 30 april 2007 35325 25010 1019 39029 859 34867 134071
84
anite group plc financial statements
company statement of changes in equity
annual report and accounts 2007 2007 2006
total total
note £000 £000
operating activities
lossprofit for the year 715 1481
adjustments for
income tax credit 622 31
profit on disposal of disposed businesses – 400
finance income 1462 2426
depreciation of property plant and equipment 3 191 149
amortisation of intangibles assets 2 109 51
investment write off – 4
sharebased payment expense 848 424
decreaseincrease in provisions 75 508
operating cash flows before movements in working capital 1576 1256
decrease in receivables 16968 32243
decrease in payables 16346 34694
cash used in operations 954 3707
interest received from subsidiary undertakings 1191 6150
interest received 753 1121
income taxes paid 1958 3415
net cash used ingenerated from operating activities 968 149
cash flow from investing activities
proceeds from previously closed businesses – 400 
purchase of property plant and equipment 223 79
purchase of software licences 2 46 262
net cash used ingenerated from investing activities 269 59
cash flow from financing activities
issue of ordinary share capital 932 1426
share buy back for cancellation 613 5025
purchase of own shares into treasury 304 715
dividend paid to company’s shareholders 1753 –
redemption of vendor loan note instruments 478 482
net cash used in financial activities 2216 4796
net decrease in cash and cash equivalents 3453 4588
cash and cash equivalents at 1 may 21290 25878
cash and cash equivalents at 30 april 17837 21290
85
company cash flow statement
for the year ended 30 april 2007
financial statements
company cash flow statement
anite group plc annual report and accounts 2007 notes to the company accounts 
1 basis of preparation and accounting policies
a basis of preparation
anite group plc has presented separate financial statements in accordance with international financial reporting standards ifrs
as permitted by the companies act 1985 the company has taken the exemption from section 2304 of the companies act 1985
from preparing the income statement and related notes when the group’s consolidated income statement has been presented
b accounting policies
the accounting policies as set out in note 1 to the group financial statements has been applied in the preparation of the
company’s financial statements
2 other intangible assets
software licences
£000
cost
at 1 may 2005 –
additions 262
at 30 april 2006 262
additions 46
transfers to subsidiary undertakings 123
at 30 april 2007 185
amortisation
at 1 may 2005 –
amortisation 51
at 30 april 2006 51
amortisation 109
transfers to subsidiary undertakings 65
at 30 april 2007 95
net book value at 30 april 2007 90
net book value at 30 april 2006 211
3 property plant and equipment
plant fixtures
equipment and
computers motor vehicles total
£000 £000 £000
cost
at 1 may 2005 592 76 668
additions 130 10 140
transfers from subsidiary undertakings 1 132 133
at 30 april 2006 723 218 941
additions 167 484 651
transfers to subsidiary undertakings 52 – 52
at 30 april 2007 838 702 1540
accumulated depreciation and impairment
at 1 may 2005 418 72 490
charge for the year 112 37 149
transfers from subsidiary undertakings 1 52 53
at 30 april 2006 531 161 692
charge for the year 136 55 191
transfers to subsidiary undertakings 16 – 16
at 30 april 2007 651 216 867
net book value at 30 april 2007 187 486 673
net book value at 30 april 2006 192 57 249
86
anite group plc financial statements
notes to the company accounts
annual report and accounts 2007 4 investments in subsidiaries
2007 2006
£000 £000
cost
at 1 may 205204 205208
disposals – 4
transfers to subsidiary undertakings 401 –
at 30 april 204803 205204
provisions for impairment
at 1 may and 30 april 91955 91955
net book value at 30 april 112848 113249
5 deferred tax assets
accelerated share shortterm advance
tax based timing tax corporation
depreciation payments differences losses tax total
£000 £000 £000 £000 £000 £000
at 1 may 2005 21 75 14 – – 110
credit to income statement for the year 16 140 11 – 92 53
transfer to current tax –––– 92 92
credit to equity for the year – 74 – – – 74
at 30 april 2006 37 289 3 – – 329
credit to income statement for the year 20 253 – 2 473 748
transfer to current tax –––– 473 473
credit to equity for the year – 349 – – – 349
at 30 april 2007 57 891 3 2 – 953
there are no deferred liabilities that have been offset as permitted by ias 12
6 trade and other receivables
2007 2006
£000 £000
amounts falling due within one year
trade receivables 29 25
other receivables 273 271
prepayments 773 575
1075 871
the directors consider that the carrying amount of trade and other receivables approximates their fair value
7 amounts owed byto group undertakings
the directors consider that the carrying amounts owed by and to group undertakings approximate their fair value 
at 30 april 2007 the provision for impairment of amounts owed by group undertakings was £42m 2006 £41m
87
financial statements
notes to the company accounts
anite group plc annual report and accounts 2007 notes to the company accounts continued
8 cash and cash equivalents
2007 2006
£000 £000
cash at bank and in hand 9438 –
overdrafts – 1371
shortterm bank deposits 8399 22661
17837 21290
cash at bank and in hand was invested on a floatingrate basis and were therefore subject to cash flow interest risk the company
has the legal right of set off for certain of its overdraft and cash balances under a master netting arrangement within its banking
facilities 
term deposits comprise money market deposits which attract interest rates based on libor or equivalent market rates fixed 
for periods of up to three months the directors consider that the carrying amounts of cash and cash equivalents approximate 
to their fair values
for the purposes of the cash flow statement cash and cash equivalents comprise the above amounts
the carrying value of the company’s cash and cash equivalents and overdrafts are denominated in the following currencies
2007 2006
£000 £000
euros 3222 2753
sterling 14615 18537
17837 21290
9 trade and other payables
2007 2006
£000 £000
trade creditors 958 688
other taxes and social security 234 234
other creditors 103 91
accruals 2354 2417
vendor loan notes – 478
3649 3908
trade and other payables principally comprise trade purchases and other operating costs it also includes vendor loan notes
payable on previously acquired businesses
the directors consider that the carrying amount of trade payables approximates their fair value
10 provisions
property provision
£000
at 1 may 2006 –
reclassification from trade and other payables 65
established during the year 435
at 30 april 2007 500
2007 2006
£000 £000
analysed as
current liabilities – –
noncurrent liabilities 500 –
500 –
the provision is in respect of a dilapidation obligation under an operating property lease
88
anite group plc financial statements
notes to the company accounts
annual report and accounts 2007 11 share capital 
the movements on share capital are disclosed in note 28 to the consolidated financial statements
12 sharebased payments
the company operates several share option plans including saye and other sharebased schemes the terms are disclosed in note
7 to the group financial statements
details of the share options outstanding during the year are as follows
2007 2006
saye other sharebased saye other sharebased
weighted weighted weighted weighted
number average number average number average number average
of share exercise of share exercise of share exercise of share exercise
options price options price options price options price
outstanding at 1 may 123425 35p 5659829 22p 167633 30p 3516487 50p
granted during the year – – 2325827 15p – – 2766801 8p
exercised during the year 21933 37p 18424 30p 35991 23p 333880 43p
lapsed during the year 3449 46p – – 8217 23p 289579 49p
outstanding at 30 april 104941 30p 7967232 21p 123425 35p 5659829 22p
exercisable at 30 april – 2387104 8217 171585
weighted average remaining 
contractual life years 16 80 24 84 
exercise price 23p – 46p 00p – 765p 23p – 46p 00p – 753p
the weighted average fair value of share options granted in the year was 739 2006 659 pence per share
saye other sharebased
weighted weighted
outstanding average weighted outstanding average weighted
shares remaining average shares remaining average
at 30 april contractual exercise at 30 april contractual exercise
2007 life years price 2007 life years price
exercise price range
0p – – – 4441286 87 –
1p – 40p 68556 13 23p 1036317 61 34p
41p – 806p 36385 23 46p 2489629 75 58p
104941 16 30p 7967232 80 21p
the fair values for the above options were calculated using the blackscholes and stochastic option pricing models the inputs into
these models are disclosed in note 7 to the group financial statements
the company recognised total expenses of £848000 2006 £424000 related to equitysettled sharebased payment
transactions during the year
13 commitments
i capital commitments
capital commitments are as follows
2007 2006
£000 £000
contracted but not provided for – fixed assets – 20
89
financial statements
notes to the company accounts
anite group plc annual report and accounts 2007 notes to the company accounts continued
13 commitments continued
ii operating lease arrangements
2007 2006
£000 £000
lease payments under operating leases recognised as an expense in the year 1106 727
the company has outstanding commitments under noncancellable operating leases which fall due as follows
land and buildings
2007 2006
£000 £000
leases expiring in one year 872 872
leases expiring in two to five years inclusive 3489 3489
leases expiring after five years 449 1321
4810 5682
14 contingent liabilities
the company has contingent liabilities which have not been provided for in the accounts in respect of performance guarantees
given by the company in respect of subsidiary contracts with third parties the nature of these performance guarantees is such
that they would only come into effect in the case of a major default of a subsidiary in performing these contracts it is not
practical to estimate the amount of the liability
15 related party transactions
a subsidiaries
the company has outstanding balances with its wholly owned subsidiaries the amounts owed by and owed to subsidiaries are
disclosed in the balance sheet these loans are unsecured and interest is calculated based on market rates
during the year the company entered into the following transactions with its subsidiaries
2007 2006
£000 £000
management fees receivable 3983 3264
interest receivable 500 1101
other costs recharged to subsidiaries 987 489
net cash transfersintercompany settlement to subsidiaries 5332 8669
b key management personnel
the key management personnel are deemed to be the members of the board of directors of the company which has responsibility
for planning directing and controlling the activities of the company details of key management remuneration are disclosed 
in the directors’ remuneration report
16 staff costs
the average number of persons employed including executive directors was as follows
2007 2006
number number
europe – united kingdom 40 35
the amount charged in arriving at the operating profit for the year in respect of all employees was as follows
2007 2006
£000 £000
wages and salaries 3300 2724
social security costs 553 415
sharebased payments 848 424
pension costs 169 126
4870 3689
90
anite group plc financial statements
notes to the company accounts
annual report and accounts 2007 registered office
353 buckingham avenue
slough
berkshire sl1 4pf
united kingdom
tel 44 0 1753 804000
fax 44 0 1753 804497
wwwanitecom
registered number
anite group plc’s registered number is 1798114
shareholder enquiries
lloyds tsb registrars maintain the company’s register of members if any of your details change or if you have any queries
regarding your shareholding please contact the registrars at
lloyds tsb registrars
the causeway
worthing
west sussex
bn99 6da
tel 0870 600 3970 international 44 121 415 7047
fax 0870 600 3981 international 44 121 415 7057
textphone for shareholders with hearing difficulties 0870 600 3950 international 44 121 415 7028
lloyds tsb registrars also offer a range of shareholder information on line at wwwshareviewcouk
share dealing service
shareview dealing a telephone and internet share dealing service is provided through lloyds tsb registrars and is a convenient
way to sell your anite group plc shares or add to your holding commission is 1 of the value of the transaction on the first
£50000 with a minimum charge of £25 and 02 thereafter for telephone dealing and 05 with a minimum of £15 for internet
dealing for telephone dealing call 0870 850 0852 uk or 44 131 527 3903 from overseas between 800am and 430pm
monday to friday and for internet dealing log on to wwwshareviewcoukdealing you will need your shareholder reference
number as shown on your share certificate if you wish to sell or your debit card number if you wish to buy 
anite corporate individual savings account isa
a single company isa is now available to anite group plc shareholders through lloyds tsb registrars for further details or to
obtain a brochure please contact the isa helpline on 0870 242 4244 international 44 121 415 7171
multiple accounts on the shareholder register
if you have received two or more copies of this document it may be because there is more than one account in your name on 
the shareholder register this may be caused by either your name or address appearing on each account in a slightly different way
for security reasons the registrars will not amalgamate the accounts without your written consent so if you would like any
multiple accounts combined into one account please write to lloyds tsb registrars at the above address
sharegift
sharegift is a charity share donation scheme for shareholders administered by the orr mackintosh foundation it is especially for
those who may wish to dispose of a small parcel of shares the value of which makes it uneconomic to sell on a commission basis
further information can be obtained at wwwsharegiftorg or from lloyds tsb registrars
financial calendar
annual general meeting 3 october 2007
halfyear end 31 october 2007
preliminary announcement of halfyear 200708 results december 2007
financial year end 30 april 2008
preliminary announcement of 200708 results july 2008
dividend payment timetable
announcement 10 july 2007
declared at annual general meeting 3 october 2007
exdividend date 17 october 2007
record date 19 october 2007
payment date 16 november 2007
91
information for shareholders
additional information
information for shareholders
anite group plc annual report and accounts 2007 group directory
anite group plc
head office
353 buckingham avenue
slough
berkshire sl1 4pf uk
t 44 0 1753 804000
f 44 0 1753 804497
wwwanitecom
anite wireless
head office
ancells business park
harvest crescent
fleet
hampshire gu51 2uz uk
t 44 0 1252 775200
f 44 0 1252 775299
e telecomsanitecom
wwwanitecomtelecoms
finland
nemo head office
anite finland ltd
sepänkatu 20
fi90100 
oulu finland
t 358 50 395 7700
f 358 8 551 6182
usa
anite telecoms inc
1900 e golf road
centennial center
suite m50
schaumburg il 60173 usa
t 1 847 273 3800
f 1 847 437 9207
usa
anite telecoms inc
9740 scranton road
centerwest plaza
suite 320
san diego ca 92121 usa
t 1 858 587 6620
f 1 858 587 6625
usa
anite telecoms inc
6225 n state hway 161
suite 425
irving texas 75038 usa
t 1 469 951 9106
f 1 972 929 9898
japan
anite telecoms kk
22nd floor 161 kamiookanishi
konanku y okohamashi
kanagawa 2330002 japan 
t 81 45 849 2161
f 81 45 849 2165
china
anite telecoms ltd
beijing representative office
room 1206 block c
central international trade centre
6a jianguomenwai avenue
chaoyang district
beijing 100022 china
t 86 10 6563 0200
f 86 10 6563 0201
china
anite telecoms ltd
shanghai representative office
room 2812 28th floor
shanghai information tower
211 century avenue pudong new area
shanghai p r china 200120
t 86 21 5877 8200
f 86 21 5877 8203
china
anite wireless trading beijing ltd
room 0506 floor 22
exchange building
no 118 jian guo lu yi
chaoyang district
beijing 100022 p r china
t 86 136 0128 7369
f 86 10 6567 8521
taiwan
anite telecoms ltd
room 1704 17 fl no333 sec 1
jilong road xinyi district
taipei 110 taiwan 
t 886 0 2 2722 6890
f 886 0 2 2722 6896
south korea
anite telecoms korea ltd
272 y oidodong
youngdeungpoku
seoul 150742 south korea
t 82 2 3775 3661 
f 82 2 3775 3662
singapore
anite singapore pte ltd
101 thomson road
2005 united square
singapore 307591
t 65 6254 9003
f 65 6254 9885
india
anite telecoms india pvt ltd
2207 “sai shakti” 2nd floor
80 feet road kodihalli
indiranagar
bangalore 560 008 india
t 91 80 4031 1800
f 91 80 4031 1810
92
anite group plc additional information
group directory
annual report and accounts 2007 anite public sector
head office
353 buckingham avenue
slough
berkshire sl1 4pf uk
t 44 0 1753 804000
f 44 0 1753 735735
e publicsectoranitecom
wwwanitecompublicsector
milton keynes
2 pitfield
kiln farm
milton keynes
bucks mk11 3lw uk
t 44 0 1908 264500
f 44 0 1908 264501
eaton socon
unit 4 eaton court 
colmworth business park 
eaton socon 
cambridgeshire pe19 8yh uk
t 44 0 1480 222470
f 44 0 870 777 1104
glasgow
3rd floor
163 west george street
glasgow g2 2jj uk
t 44 0 141 248 9611
f 44 0 141 248 9677
manchester
212 washway road
sale
manchester m33 6rn uk
t 44 0 161 972 2600
f 44 0 161 972 2623
manchester
the granary
50 barton road
worsley
manchester m28 2eb uk
t 44 0 161 727 0200
f 44 0 161 794 6745
hemel hempstead
maxted road
hemel hempstead
hertfordshire hp2 7dz uk
t 44 0 1753 804000 
f 44 0 1442 884356
anite travel
head office
353 buckingham avenue
slough
berkshire sl1 4pf uk
t 44 0 1753 804000
f 44 0 1753 735735
e travelanitecom
wwwanitecomtravel
burgess hill
innovation drive
burgess hill
west sussex rh15 9tw uk
t 44 0 1753 804000
f 44 0 1753 804075
australia
anite travel systems pty ltd
2 ridge street
north sydney
nsw 2060 australia 
t 61 0 2 9293 1351
f 61 0 2 9293 4499
finland
anite travel systems ab ltd
po box 195
elverksgatan 5
22 101 mariehamn finland 
t  358 0 18 526 800
f  358 0 18 17 090
anite managed services
head office
353 buckingham avenue
slough
berkshire sl1 4pf uk
t 44 0 1753 804000
f 44 0 1753 735735
e managedservicesanitecom
wwwanitecommanagedservices
anite secure information
solutions
head office
353 buckingham avenue
slough
berkshire sl1 4pf uk
t 44 0 1753 804000
f 44 0 1753 735735
e sisanitecom
wwwanitecomsis
93
additional information
group directory
anite group plc annual report and accounts 2007
designed and produced by 
85
four
printed in the uk by st ives westerham press a carbonneutral® company 
environmental company environmental management system iso 14001 accredited anite group plc
353 buckingham avenue
slough
berkshire
sl1 4pf
uk
t 44 0 1753 804000
f 44 0 1753 804497


Summary:
 the last three financial years have been transformational for
anite with the current management team delivering increased
strategic momentum enhanced by their being able to focus
wholly on anite’s core businesses and growth strategy
following the resolution of various historic issues which had
affected the group
two acquisitions and three disposals one since the year end
were further milestones in anite’s continuing transformation
into a leading global software business with a stronger focus
on wireless telecoms from a ukcentric public sector and it
consulting and services business
acquisitions and disposals
in the second half of the financial year we made two important
acquisitions our first for some years the first and larger of the
two was nemo technologies limited a leading finlandbased
global provider of specialist systems and software for mobile
phone network testing the second acquisition was of invenova
corporation a californiabased provider of software and
systems for wimax wireless broadband device testing
these acquisitions represent important further steps in the
development of anite’s wireless business which we have put
firmly at the heart of the group both acquisitions were in 
line with our strategy of entering adjacent telecoms markets
through either internal investment or acquisition whilst
enhancing customer penetration and global presence
following these acquisitions our wireless business as a whole
now represents around 40 of group revenue and 65 of
group underlying operating profit on an annualised basis 
 “wimax” is a trademark of the wimax forum®
we also successfully disposed of two small noncore
businesses respectively based in germany gmo management
consulting and italy anite opentur since the year end we
have also disposed of our remaining german it services
business anite deutschland 
we will continue to review selective acquisition opportunities
that would help achieve our aim of being number one or two
in our chosen markets and to dispose of businesses for which
we see little prospect of achieving critical mass in the short to
medium term our overriding objective in all cases is to create
shareholder value
divisional overview
we made good progress in all our businesses during the year 
a full account of the group’s activities is included later on in
this report but i set out some highlights of the year below
wireless which holds many leading global positions in its
chosen fields had another successful year continuing to invest
in research and development whilst maintaining its leading
market position the acquisitions of nemo and invenova which
operate in adjacent and complementary areas of the wireless
telecoms markets add new products to our existing portfolio
deepen our customer relationships and broaden our
geographical reach
our market leading travel division had an excellent year 
we invested further in its exciting new reservation system
comres which is at the forefront of helping its tour 
operator customers meet the challenges of internetbased
competition it has a record order book boosted by significant
international growth
chairman’s statement
anite group plc overview
chairman’s statement
“i am pleased to report 
a strong performance 
by anite in the year 
under review with 
good results from 
our wireless and 
travel businesses 
and an improved 
overall result from
public sector”
4
annual report and accounts 2007
clay brendish
chairman overview
chairman’s statement
anite group plc
5
annual report and accounts 2007
our public sector division which is a market leader in a
number of its key activities reported improved overall results 
a good performance by secure information solutions sis 
and a reduction in pericles losses helped counterbalance the
continued softness in the local government market
group results
underlying profit before tax from continuing operations was
£279m 2006 £258m giving basic earnings per share of 
58p 2006 53p underlying group revenue amounted to
£1717m 2006 £1662m 
nemo contributed £69m of revenue and £20m of underlying
profit revenues and profits were also impacted by significantly
lower third party hardware revenues down £149m and the
weakness of the us dollar the currency impact affected
wireless in particular and reduced revenues by £26m and
profits by £20m on a constant currency basis group
development spending in the period rose to £180m 
2006 £145m of which increase £28m was in the wireless
division net capitalised development was £30m 2006 £21m
good cost control and a better mix benefited underlying
operating margins which were 167 2006 152 in the
period unallocated group corporate costs increased by £11m
including £05m of additional sharebased payments additional
professional fees interim finance director costs and the impact
of having established a central project management resource
overseeing major contract bids and project governance
group profit after tax including discontinued operations was
£203m 2006 £89m with basic earnings per share of 58p
2006 25p and diluted earnings per share of 57p 2006 25p
pericles losses reduced substantially during the period and
there has been no addition to the related contract provisions
all outstanding customer disputes have now been either
agreed or settled within the provision
dividend and share buyback 
following the resumption of dividend payments last year with
the first dividend since 2000 the board adopted a progressive
dividend policy with an intended split of approximately one
third at the half year and two thirds at the full year 
for 2007 the board is recommending a final dividend of 
055p per share 2006 05p which together with the interim
dividend paid of 025p per share makes a total dividend
payable for the year of 080p 2006 05p the final dividend
will be payable on 16 november 2007 to shareholders on 
the register on 19 october 2007 
a resolution to renew the authority to buy back shares was
approved at the group’s agm held on 3 october 2006 
during the year 08m shares were bought back for cancellation
at a cost of £06m and an average price of 715p per share
people
we were pleased to welcome christopher humphrey our
group finance director back to the business in january 
having taken a leave of absence on health grounds we thank
geoff bicknell who stood in as interim group finance director
in chris’s absence
on behalf of the board i would like to thank all employees 
for their contribution hard work and support during the year
change of name
in order to recognise the changing nature of the group and 
to enable simplified marketing shareholders will be asked 
to approve a resolution to change the name of the company 
to “anite plc” at the agm to be held on 3 october 2007
conclusion 
over the course of the last year the transformation of the group
through investment acquisitions and disposals has continued 
the board is cautiously optimistic about anite’s prospects and
progress for the current financial year 
clay brendish chairman
200203
wireless
notes 1  from continuing operations including international and excluding sov
2  wireless shows enlarged wireless group incorporating nemo revenues for 12 months to 30 april 2007
other
other
wireless
200607 proforma
2
81
19
60
40
revenue transition
1
operating profit transition
1
fy 200203
wireless
notes 1  from continuing operations including international and excluding sov
2  wireless shows enlarged wireless group incorporating nemo profit for 12 months to 30 april 2007
other
other
wireless
fy 200607 proforma
2
57
43 33
67