NATS-Annual-Report-2015

Annual Report and Accounts 2015 | NATS Holdings Limited
Financial Statements 107
Notes forming part of the
consolidated accounts
(continued)
6. Operating profit for the year (continued)
b. Other items 2015 2014
£m £m
CAA regulatory charges in respect of NERL’s air traffic services licence 5.6 5.5
CAA regulatory charges for safety regulation at airports 3.2 3.0
Impairment of goodwill 17.0 32.0
Depreciation of property, plant and equipment 79.3 78.0
Impairment of property, plant and equipment 0.4 2.0
Amortisation of intangible assets 30.2 27.7
Impairment of intangible assets 0.4 -
Deferred grants released (0.8) (0.7)
Research and development costs 7.9 7.4
Above the line tax credits relating to research and development costs (0.8) (0.5)
Auditor’s remuneration for audit services (see below) 0.1 0.2
The analysis of auditor’s remuneration is as follows:
2015 2014
£m £m
Fees payable to the company’s auditor for the audit of the company’s annual accounts 0.1 0.2
Fees payable to the company’s auditor and their associates for other services to the group
- The audit of the company’s subsidiaries - -
Total audit fees 0.1 0.2
Total non-audit fees of £75,740 (2014: £84,529) include tax services of £63,740 (2014: £nil) and other services of £12,000 (2014:
£84,529). Total fees payable to the company’s auditor for the audit of the subsidiary accounts was £23,800 (2014: £40,800).
Government grants relating to the purchase of property, plant and equipment and Ministry of Defence contributions received prior to
1 April 2001 are treated as deferred income which is credited to the income statement by equal annual installments over the expected
useful lives of the related assets.
Research and development costs represent internal labour costs incurred in support of research and development activities.
Financial
Statements