NATS-Annual-Report-2015

Annual Report and Accounts 2015 | NATS Holdings Limited
Financial Statements 88
Consolidated
balance sheet
at 31 March
2015 2014
Notes £m £m
Assets
Non-current assets
Goodwill 13 302.0 319.0
Other intangible assets 14 382.8 330.0
Property, plant and equipment 15 594.5 604.1
Interest in associates and joint ventures 30 2.1 1.6
Loan to joint ventures 30 0.4 0.6
Trade and other receivables 16 64.9 70.2
1,346.7 1,325.5
Current assets
Loan to joint ventures 30 0.1 0.1
Trade and other receivables 16 207.7 184.0
Short term investments 19 29.7 29.7
Cash and cash equivalents 19 237.3 211.6
Derivative financial instruments 18 4.0 0.4
478.8 425.8
Total assets 1,825.5 1,751.3
Current liabilities
Trade and other payables 20 (147.7) (125.1)
Current tax liabilities (16.0) (17.4)
Borrowings 17 (29.7) (28.6)
Provisions 21 (10.7) (28.1)
Derivative financial instruments 18 (3.6) (0.3)
(207.7) (199.5)
Net current assets 271.1 226.3
Non-current liabilities
Trade and other payables 20 (56.3) (36.2)
Borrowings 17 (616.0) (620.6)
Retirement benefit obligations 28 (353.0) (12.3)
Deferred tax liability 22 (19.2) (87.8)
Provisions 21 (10.6) (8.4)
Derivative financial instruments 18 (129.0) (128.9)
(1,184.1) (894.2)
Total liabilities (1,391.8) (1,093.7)
Net assets 433.7 657.6
Equity
Called up share capital 23 140.6 140.6
Share premium account 24 0.4 0.4
AESOP reserve (0.3) (0.3)
Hedge reserve (4.0) 0.3
Translation reserve (0.3) –
Other reserves (34.7) (34.7)
Retained earnings 332.0 551.3
Total equity 433.7 657.6
The financial statements (Company No. 04138218) were approved by the Board of directors and authorised for issue on 25 June 2015
and signed on its behalf by:
Paul Golby
Chairman
Nigel Fotherby
Finance Director
Financial
Statements