MDA HOLDINGS LTD
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ANNUAL REPORT 2017
Investments
Investments held as fixed assets are stated at cost less any provision for impairment.
Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are
treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable
over the term of the lease. The corresponding leasing commitments are shown as amounts payable to the lessor.
All other leases are treated as operating leases. Their annual rentals are charged to the statement of income on a straight-line basis
over the term of the lease. The benefits of lease incentives are recognised in the statement of income over the term of the lease.
27
Notes to the Consolidated
Financial Statements
(cont.)
For the year ended 30 September 2017
2017
(£)
2016
(£)
3. Employees and Directors
5. Individual Income Statement
4. Auditors’ Remuneration
The average monthly number of employees during the year was 58 (2016 - 58).
The average number of employees by undertakings that were proportionately consolidated during the year was 58 (2016 - 58).
As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part
of these financial statements.
Fees payable to the company’s auditors for the audit of the company’s financial statements 11,500 11,050
