NATS-Annual-Report-2015
NATS-Annual-Report-2015
NATS-Annual-Report-2015
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<strong>Annual</strong> <strong>Report</strong> and Accounts <strong>2015</strong> | <strong>NATS</strong> Holdings Limited<br />
Financial Statements 109<br />
Notes forming part of the<br />
consolidated accounts<br />
(continued)<br />
8. Investment revenue<br />
<strong>2015</strong> 2014<br />
£m £m<br />
Interest on bank deposits 1.1 0.9<br />
Other loans and receivables 3.7 5.1<br />
4.8 6.0<br />
Interest on bank deposits has been earned on financial assets, including cash and cash equivalents and short term investments.<br />
Other loans and receivables includes the effect of unwinding the discount on amounts receivable after more than one year.<br />
9. Fair value movement on derivative contract<br />
Credit arising from change in the fair value of derivatives not<br />
qualifying for hedge accounting (before credit value adjustment)<br />
<strong>2015</strong> 2014<br />
£m £m<br />
1.8 15.4<br />
Credit value adjustment on derivatives not qualifying for hedge accounting (0.3) 2.3<br />
1.5 17.7<br />
10. Finance costs<br />
<strong>2015</strong> 2014<br />
£m £m<br />
Interest on bank overdrafts, loans and hedging instruments 1.4 1.4<br />
Bond and related costs including financing expenses 29.1 30.5<br />
Other finance costs 3.1 2.0<br />
33.6 33.9<br />
Other finance costs includes the effect of unwinding the discount on amounts payable after more than one year.<br />
Financial<br />
Statements
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