As a result of this decision, the Board has determined that the carrying value of the intangible assets relating to CDS held on the Group's balance sheet, being c.£4.9 million at 31st March 2016, should have been fully impaired in the financial statements for the year ended 31st March 2016. This non-cash impairment cost has been disclosed as an exceptional write down. The Company expects to have up to £1m of closure costs in respect of CDS in the current year. Pension – there is a legacy pension deficit. Liabilities are calculated at £197m and scheme assets around 174m giving a deficit – net of deferred tax – of £19m. Where the pension goes depends on the performance of the markets and other factors such as corporate bond yields. Carclo will continue to pay in the annual recovery payment of around £1.2 million and pay annual scheme administration costs of around £600k Debt – Net Debt was £24.8m (£24.5m 2015) slightly higher than the year before reflecting an increase in capex.