NATS-Annual-Report-2015

Annual Report and Accounts 2015 | NATS Holdings Limited
Financial Statements 153
Notes forming part of
the company accounts
Notes to the financial statements
1. Cash flow statement
No cash flow statement has been provided because the company does not maintain a bank account or have any cash transactions.
2. Significant accounting policies
The separate financial statements of the company are presented as required by the Companies Act 2006. As permitted by that Act,
the separate financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by
the EU.
The financial statements have been prepared on the historical cost basis. The principal accounting policies are the same as those set
out in note 2 to the consolidated financial statements.
Investments in subsidiaries are designated as held to maturity and stated at cost less, where appropriate, provisions for impairment.
Income from subsidiaries is recognised when received.
3. Profit for the year and dividends
As permitted by section 408 of the Companies Act 2006 the company has elected not to present its own income statement
for the year.
Profit for the year has been arrived at after charging:
2015 2014
£m £m
Staff costs - -
Auditor’s remuneration - -
The company incurred no charge to current or deferred taxes in the year (2014: £nil).
Dividends:
Amounts recognised as distributions to equity holders in the period:
2015 2014
£m £m
First interim dividend of 35.65 pence per share (2014: 32.51 pence per share) paid
in May 2014
Second interim dividend of 18.18 pence per share (2014: 10.84 pence per share) paid
in November 2014
51.0 46.5
26.0 15.5
77.0 62.0
Financial
Statements