NATS-Annual-Report-2015

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Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 102 Notes forming part of the consolidated accounts (continued) 5. Business and geographical segments Operating segments The group’s Executive team is considered to be the chief operating decision maker as defined by IFRS 8. The segmental analysis is based on the information that the Executive team uses internally for the purposes of evaluating the performance of operating segments and determining resource allocation between segments. The business is organised into service lines, each service line provides a core set of products or services to our customers. The performance of operating segments is assessed based on service line revenue and contribution. Service line contribution represents the revenue and costs which are directly attributed to a service line. Costs which are not directly attributed to a service line include: costs managed outside of service lines, depreciation and amortisation (net of government grants), pension accrual rate variances to budget, employee share scheme costs, redundancy and relocation costs, the cost of investing in business growth and any profit/(loss) on disposal of non-current assets. A reconciliation of service line contribution to operating profit is set out below. For management reporting purposes, the group is currently organised into service lines: NATS Airspace, NATS Airports, NATS Engineering, NATS Consultancy, NATS Defence and NATS Information. Reports to the Executive aggregate the performance of NATS Consultancy, NATS Defence and NATS Information and report these as a single service line, Other NATS Service lines. These service lines have similar economic characteristics and exhibit similar financial performance, the nature of the products and the services provided is in the support of air traffic solutions and services and the customer base is drawn predominantly from airport operators and airlines. Principal activities The following table describes the activities of each operating segment: NATS Airspace This includes all of NATS’ economically regulated activities and encompasses en route, oceanic and terminal services provided from our Prestwick and Swanwick centres, together with all of the supporting communications, navigation and surveillance infrastructure and facilities. Airspace includes air traffic services for helicopters operating in the North Sea, approach services for London airports and the services to the Ministry of Defence. NATS Airports NATS Engineering Other NATS Service lines The provision of air traffic control and airport optimisation services at UK and international airports and engineering support services provided to contract airports. The provision of engineering services to other airport operators, construction companies and Air Traffic Management (ATM) industry suppliers, integrating new ATM infrastructure and new airports. Includes: NATS Defence, providing a range of services to military customers in the UK and internationally; NATS Consultancy, offering airspace development, capacity improvement and training; and NATS Information, providing data to enable future efficiency and flight optimisation. Segment information about these activities is presented below. Financial Statements
Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 103 Notes forming part of the consolidated accounts (continued) 5. Business and geographical segments (continued) Revenue Service line revenue includes intra-group revenue. This is eliminated in deriving the group’s third party revenue below: 2015 2014 Intra-group External Intra-group External Revenue revenue revenue Revenue revenue revenue £m £m £m £m £m £m NATS Airspace 738.5 (22.4) 716.1 740.7 (20.8) 719.9 NATS Airports 190.2 (13.7) 176.5 183.6 (13.4) 170.2 NATS Engineering 18.6 (1.9) 16.7 15.6 (2.2) 13.4 Other NATS Service lines 18.5 (5.4) 13.1 18.8 (4.7) 14.1 965.8 (43.4) 922.4 958.7 (41.1) 917.6 Financial Statements
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