Cyans Annual Report 2019

Depreciation is provided on a straight-line basis to write off the cost, less estimated

residual value, of property, plant and

equipment over their estimated useful lives

as follows:

 Freehold buildings: 10-40 years

 Air traffic control systems: 8-15 years

 Plant and other equipment: 3-15 years

 Furniture, fixtures and fittings: 10 years

 Vehicles: 5 years

Freehold land and assets in the course of

construction and installation are not

depreciated. The gain or loss arising on the

disposal or retirement of an asset is

determined as the difference between the

sale proceeds and the carrying amount of

the asset and is recognised in income.

Cost of capital Justification

DCAC - CyANS is a Governmental Department, having a Budgetary Policy, operating on

a cash basis method. Investments such as Property, Plant and Equipment, are funded

through the Governmental Budget. The cost of capital is calculated as per the

provisions of Article 7.2 of the (EU) 391/2013. The weighted average cost of capital

used for each Reference Period, is presented in the tables below which is then

calculated on the total capital employed.

E. En-Route Unit Rate and Traffic Review

Customer Charges

Our customer charges for en route were again one of the lowest in Europe in 2019 and

were significally lower when compared to our European peer meeting.