NATS Annual Report 2013 Jun.2013 | Page 148

3 Notes forming part of the consolidated accounts Cont’d 20. Provisions Redundancy £m At 1 April 2012 Additional provision in the year Release of provision in the year Utilisation of provision At 31 March 2013 4.2 2.2 (0.1) (4.7) 1.6 Relocation £m 1.7 0.2 (0.3) (1.0) 0.6 Other £m 0.3 6.4 (0.1) 6.6 Total £m 6.2 8.8 (0.5) (5.7) 8.8 Total £m Amounts due for settlement within 12 months Amounts due for settlement after 12 months 2.4 6.4 8.8 The redundancy provision represents the best estimate of the future cost of redundancy payments to employees that have committed to the group’s redundancy programme at 31 March 2013. The ageing of the provision reflects the expected timing of employees leaving the group. The relocation provision represents the best estimate of the future cost of relocating staff when the site they work at closes and they are relocated to another site. The ageing of the provision reflects the expected timing of the settlement of relocation costs. The other provisions represent the best estimate of other liabilities. These include the contractual obligation to re-instate leased properties to the same condition as at inception of the lease. The ageing of the provision reflects the best estimate of when these potential liabilities will fall due. 146 Annual Report and Accounts 2013 | NATS Holdings Limited