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 113<br />
Notes forming part of the<br />
consolidated accounts<br />
(continued)<br />
15. Property, plant and equipment<br />
Cost<br />
Freehold<br />
land and<br />
buildings<br />
Improvements<br />
to leasehold<br />
land and<br />
buildings<br />
Air traffic<br />
control<br />
systems,<br />
plant and<br />
equipment<br />
Vehicles,<br />
furniture<br />
and fittings<br />
Assets in<br />
course of<br />
construction<br />
and<br />
installation<br />
Total<br />
£m £m £m £m £m £m<br />
At 1 April 2013 238.8 52.7 1,216.0 18.7 73.4 1,599.6<br />
Additions during the year 2.6 0.6 33.3 0.1 24.0 60.6<br />
Disposals during the year (4.4) (1.0) (48.4) (0.2) - (54.0)<br />
Other transfers during the year 3.0 0.5 44.0 1.1 (50.3) (1.7)<br />
At 1 April 2014 240.0 52.8 1,244.9 19.7 47.1 1,604.5<br />
Additions during the year 1.5 - 18.7 0.1 54.0 74.3<br />
Disposals during the year - - (1.5) (0.1) - (1.6)<br />
Other transfers during the year 0.2 - 16.9 0.2 (21.5) (4.2)<br />
At 31 March <strong>2015</strong> 241.7 52.8 1,279.0 19.9 79.6 1,673.0<br />
Accumulated depreciation and impairment<br />
At 1 April 2013 102.9 36.7 822.1 11.0 0.4 973.1<br />
Provided during the year 7.6 2.1 66.5 1.8 - 78.0<br />
Provisions for impairment - - 2.0 - - 2.0<br />
Disposals during the year (4.4) (0.9) (47.2) (0.2) - (52.7)<br />
At 1 April 2014 106.1 37.9 843.4 12.6 0.4 1,000.4<br />
Provided during the year 7.7 1.9 67.9 1.8 - 79.3<br />
Provisions for impairment - - - - 0.4 0.4<br />
Disposals during the year - - (1.5) (0.1) - (1.6)<br />
At 31 March <strong>2015</strong> 113.8 39.8 909.8 14.3 0.8 1,078.5<br />
Carrying amount<br />
At 31 March <strong>2015</strong> 127.9 13.0 369.2 5.6 78.8 594.5<br />
At 31 March 2014 133.9 14.9 401.5 7.1 46.7 604.1<br />
The group conducts annual reviews of the carrying values of its property, plant, equipment and intangible assets. During the year,<br />
impairment charges of £0.8m (2014: £2.0m) were made in respect of operational assets and assets in the course of construction<br />
reflecting a reassessment of certain projects and assets, and the likelihood of benefits being realised in full.<br />
During the year the group capitalised £1.2m (2014: £1.2m) of general borrowing costs at a capitalisation rate of 1.9% (2014: 1.9%),<br />
in accordance with IAS 23: Borrowing Costs.<br />
Financial<br />
Statements
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