NATS-Annual-Report-2015

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Annual Report and Accounts 2015 | NATS Holdings Limited Financial Statements 154 Notes forming part of the company accounts (continued) 4. Investments Investments in subsidiary undertakings £m Investments at 31 March 2014 and 31 March 2015 141.0 The company’s investments in subsidiary undertakings are as set out in note 30 to the consolidated financial statements. Pursuant to a loan agreement entered into by NATS (En Route) plc, the company has granted a legal mortgage and fixed charge over its shares in NATS Limited, NERL’s parent company, and a floating charge over all other assets. 5. Share capital and share premium accounts The movements on these items are disclosed in the consolidated statement of changes in equity and notes 23 and 24 of the consolidated financial statements. 6. Financial instruments The company held no financial instruments at 31 March 2015 (2014: none). 7. Ultimate controlling party The ultimate controlling party of NATS Holdings Limited is The Airline Group Limited, a company incorporated in Great Britain and registered in England and Wales. 8. Events after the reporting period In May 2015, the Board declared an interim dividend for the year ending 31 March 2016 of 38.03 pence per share, totalling £54.4m which was paid in June 2015. The company recognised a dividend in June 2015 of £54.4m from its subsidiary NATS Limited. Financial Statements
Annual Report and Accounts 2015 | NATS Holdings Limited 155 Abbreviations and definitions 2014 Financial year ended 31 March 2014 2015 Financial year ended 31 March 2015 3Di AESOP AG ANSP AQUILA ATC ATFM ATM CAA CAAPS CDO CEO 3 Dimensional Flight Efficiency Metric All-Employee Share Ownership Plan The Airline Group Limited Air Navigation Service Provider Aquila Air Traffic Management Services Limited Air Traffic Control Air Traffic Flow Management Air Traffic Management Civil Aviation Authority Civil Aviation Authority Pension Scheme Continuous Descent Operations Chief Executive Officer CP3 Control Period 3 (2011-2014) CPI DRA EC ESSP EU FAB FAS Consumer Prices Index Direct Route Airspace European Commission European Satellite Services Provider SAS European Union Functional Airspace Block Future Airspace Strategy FerroNATS FerroNATS Air Traffic Services SA FRC GAAP IAS IASB IATA IFRIC Financial Reporting Council Generally Accepted Accounting Principles International Accounting Standard International Accounting Standards Board International Air Transport Association International Financial Reporting Interpretations Committee IFRS ISO KPI LAMP LHRA LIBOR LTIP MOD NATS NERL NESL NHL OPA PPP RAB International Financial Reporting Standard International Organisation for Standardisation Key Performance Indicator London Airspace Management Programme LHR Airports Limited London Interbank Offered Rate Long Term Incentive Plan Ministry of Defence NATS Holdings Limited and its subsidiaries, together the NATS group NATS (En Route) plc NATS Employee Sharetrust Limited NATS Holdings Limited Operational Partnership Agreement Public Private Partnership Regulatory Asset Base RP1 Reference Period 1 (2012-2014) RP2 Reference Period 2 (2015-2019) RP3 Reference Period 3 (2020-2024) RPI SDM SES SESAR SPA SSE TANS TBS USS Retail Prices Index SESAR Deployment Manager Single European Sky SES ATM Research Strategic Partnership Agreement Safety Significant Event Terminal Air Navigation Services Time-Based Separation USS Sherwood Limited
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