The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes might differ from those estimates.
The following judgements have been made by the directors in applying the company's accounting policies:
Property, plant and equipment
Property, plant and equipment is depreciated over the average lease term of the sites on which the assets are sited. This has been estimated by the directors to be 12.5 years (with effect from 1 January 2022) equating to 8.00% per annum.