Financial statements
NOTES TO THE FINANCIAL STATEMENTS
29. Provisions
|
Environmental and |
Other |
Total |
|
|
At 1 April 2009 |
97.5 |
0.2 |
97.7 |
|
Charged to the income statement |
4.4 |
- |
4.4 |
|
Landfill restoration |
2.6 |
- |
2.6 |
|
Arising on acquisition |
3.2 |
- |
3.2 |
|
Utilised during year |
(11.3) |
- |
(11.3) |
|
At 31 March 2010 |
96.4 |
0.2 |
96.6 |
The amount charged to the income statement included £3.8m charged to finance costs as the unwinding of discounts in provisions (2009 £4.5m).
The additional landfill restoration provision of £2.6m recognised in the year has been matched with an addition to property, plant and equipment.
The analysis of provisions between current and non-current is:
|
2010 |
2009 |
|
|
Current |
18.4 |
18.5 |
|
Non-current |
78.2 |
79.2 |
|
96.6 |
97.7 |
Environmental and landfill restoration provisions are expected to be substantially utilised over the period from 2011 to beyond 2051. The provisions have been established assuming current waste management technology based upon estimated costs at future prices which have been discounted to present value.