eglnyt
I don't think anyone is confusing profit for spare cash. The £60m profit this year is the final figure in the finance sheet (i.e what's left after EVERYTHING has gone into the NATS bank account and EVERYTHING has been paid...including pension costs!!) so the pensions have
already been paid before the profit is even announced.
Now if you have an extra £150m (or whatever barstewards figures come to...i'm far too hungover to add them all up
) in the bank then it clearly becomes easy to pay the £125m pension costs, and still have money left over which can
then be posted as a profit...whether the regulator lets us keep that profit or not is another question, but the point is, the increased pension costs have been paid using the extra money from not repaying loans etc!
Simple question...had the £80m(???) NOT been repaid early, what would the profit figure have been?
Seems fairly straight forward to me, but as mentioned, I am hungover!!
FB
