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 154<br />
Notes forming part of the<br />
company accounts<br />
(continued)<br />
4. Investments<br />
Investments<br />
in subsidiary<br />
undertakings<br />
£m<br />
Investments at 31 March 2014 and 31 March <strong>2015</strong> 141.0<br />
The company’s investments in subsidiary undertakings are as set out in note 30 to the consolidated financial statements.<br />
Pursuant to a loan agreement entered into by <strong>NATS</strong> (En Route) plc, the company has granted a legal mortgage and fixed charge<br />
over its shares in <strong>NATS</strong> Limited, NERL’s parent company, and a floating charge over all other assets.<br />
5. Share capital and share premium accounts<br />
The movements on these items are disclosed in the consolidated statement of changes in equity and notes 23 and 24 of the<br />
consolidated financial statements.<br />
6. Financial instruments<br />
The company held no financial instruments at 31 March <strong>2015</strong> (2014: none).<br />
7. Ultimate controlling party<br />
The ultimate controlling party of <strong>NATS</strong> Holdings Limited is The Airline Group Limited, a company incorporated in Great Britain<br />
and registered in England and Wales.<br />
8. Events after the reporting period<br />
In May <strong>2015</strong>, the Board declared an interim dividend for the year ending 31 March 2016 of 38.03 pence per share, totalling £54.4m<br />
which was paid in June <strong>2015</strong>. The company recognised a dividend in June <strong>2015</strong> of £54.4m from its subsidiary <strong>NATS</strong> Limited.<br />
Financial<br />
Statements