NATS-Annual-Report-2015

More documents

Recommendations

Info

Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 132 Notes forming part of the consolidated accounts (continued) 20. Financial and other liabilities Trade and other payables The group had balances in respect of other non-interest bearing financial and other liabilities as follows: 2015 2014 £m £m Current Trade payables 18.9 11.9 Other payables 3.2 2.0 Tax and social security 10.2 10.5 Accruals and deferred income - Deferred grants 0.7 0.8 - Other 114.7 99.9 147.7 125.1 Non-current Accruals and deferred income - Deferred grants 5.3 6.0 - Other 51.0 30.2 56.3 36.2 204.0 161.3 Trade creditors and accruals principally comprise amounts outstanding for trade purchases and ongoing costs. The average credit period taken for trade purchases is 40 days (2014: 33 days). The directors consider that the carrying amount of the trade payables approximate to their fair value. Financial Statements
Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 133 Notes forming part of the consolidated accounts (continued) 21. Provisions Redundancy Relocation Other Total £m £m £m £m At 1 April 2014 26.9 0.2 9.4 36.5 Additional provision in the year 10.9 0.4 1.6 12.9 Release of provision in the year (0.6) - - (0.6) Utilisation of provision (26.1) (0.2) (1.2) (27.5) At 31 March 2015 11.1 0.4 9.8 21.3 Total £m Amounts due for settlement within 12 months 10.7 Amounts due for settlement after 12 months 10.6 21.3 The redundancy provision represents the best estimate of the future cost of redundancy payments to employees that have committed to the group’s redundancy programme at 31 March 2015. The ageing of the provision reflects the expected timing of employees leaving the group. The relocation provision represents the best estimate of the future cost of relocating staff when the site they work at closes and they are relocated to another site. The ageing of the provision reflects the expected timing of the settlement of relocation costs. The other provisions represent the best estimate of other liabilities, including property-related costs. The ageing of the provision reflects the best estimate of when these potential liabilities will fall due. Financial Statements
Page 1 and 2:
Annual Report and Accounts 2015 NAT
Page 3 and 4:
Annual Report and Accounts 2015 | N
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82: Annual Report and Accounts 2015 | N
Page 131: Annual Report and Accounts 2015 | N
Page 155: Annual Report and Accounts 2015 | N
show all

NATS-Annual-Report-2015

Create successful ePaper yourself

Delete template?

Save as template?