Applicable turnover3
1
For the purposes of regulation 2, a person’s applicable turnover means the sum of all amounts received in the course of that person’s business as shown in the accounts published by that person, or, if no such accounts were published, the accounts prepared by that person, in respect of that business, including grants from any public or local authority but excluding—
a
capital receipts; and
b
loans made by a third party.
2
Amounts are to be calculated in conformity with generally accepted accounting principles and practices in the United Kingdom.
3
In this regulation, “business” means—
a
where a person is an airport operator, the activities carried out by that person at airports in the United Kingdom managed by that person;
b
where a person is an air navigation service provider, the activities permitted and carried out in accordance with an exemption granted under section 4, or a licence granted under section 6, of the Transport Act 20002;
c
where a person is a person with functions relating to air navigation but is neither an airport operator nor an air navigation service provider, the activities carried out by that person in relation to air navigation in the United Kingdom.