NATS-Annual-Report-2015

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Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 134 Notes forming part of the consolidated accounts (continued) 22. Deferred tax The following are the major deferred tax assets and liabilities recognised by the group, and movements thereon during the current and prior reporting periods. Accelerated tax depreciation Retirement benefits Financial instruments Other Total £m £m £m £m £m At 1 April 2013 120.2 3.2 (17.2) (1.6) 104.6 (Credit)/charge to income (18.1) 7.3 7.5 (0.4) (3.7) Credit to equity - (13.0) (0.1) - (13.1) At 31 March 2014 102.1 (2.5) (9.8) (2.0) 87.8 At 1 April 2014 102.1 (2.5) (9.8) (2.0) 87.8 Charge/(credit) to income 1.1 7.1 1.8 (2.2) 7.8 Credit to equity - (75.2) (1.2) - (76.4) At 31 March 2015 103.2 (70.6) (9.2) (4.2) 19.2 Certain deferred tax assets and liabilities have been offset. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes. 2015 2014 £m £m Deferred tax liabilities (103.2) (102.1) Deferred tax assets 84.0 14.3 (19.2) (87.8) Financial Statements
Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 135 Notes forming part of the consolidated accounts (continued) 23. Share capital Authorised Number of shares £m Called up, allotted and fully paid Number of shares £m Ordinary shares of £1 each At 31 March 2015 and 31 March 2014 144,100,007 144.1 131,000,007 131.0 Ordinary A shares of 80 pence each At 31 March 2015 and 31 March 2014 54,272,594 43.4 12,048,193 9.6 187.5 140.6 Special share The authorised and issued share capital of NATS Holdings Limited includes one special rights redeemable preference share with a nominal value of £1. This share can only be held by a Minister of the Crown, the Treasury Solicitor or any other person acting on behalf of the Crown. The special shareholder is entitled to attend and speak at meetings. The special share does not carry any rights to vote at general meetings except in the following circumstances: - alterations to the company’s share capital; - alterations to voting rights of any of the company’s shares; and - the removal of any director appointed by a Crown representative. If an attempt is made to approve any of these events or to pass a resolution to wind up the company at a general meeting, on an ordinary resolution the special shareholder will have no less than one vote more than the total number of all other votes cast and, on a special resolution, he shall have no less than one vote more than 25% of the total votes cast. 24. Share premium account £m Balance as at 31 March 2015 and 31 March 2014 0.4 Financial Statements
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