EasyJet 2008 Annual Report Download - page 47

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easyJet plc
Annual report and accounts 2008
30 September 30 September
2008 2007
Notes £million £million
Non-current assets
Goodwill 7359.8 309.6
Other intangible assets 780.6 1.8
Property, plant and equipment 81,102.6 935.8
Derivative financial instruments 23 21.3 –
Loan notes – The Airline Group Limited 912.0 11.1
Restricted cash 13 42.9 32.9
Other non-current assets 10 61.1 58.1
Investments in associates –0.3
Deferred tax assets 50.5 0.4
1,680.8 1,350.0
Current assets
Assets held for sale 11 195.8 –
Trade and other receivables 12 236.9 223.6
Derivative financial instruments 23 96.5 14.4
Restricted cash 13 23.3 15.9
Money market deposits 13 230.3 193.4
Cash and cash equivalents 13 632.2 719.1
1,415.0 1,166.4
Current liabilities
Trade and other payables 14 (653.0) (461.7)
Borrowings 15 (56.7) (40.5)
Derivative financial instruments 23 (76.0) (26.6)
Current tax liabilities (75.1) (89.7)
Maintenance provisions 17 (49.0) (2.8)
(909.8) (621.3)
Net current assets 505.2 545.1
Non-current liabilities
Borrowings 15 (570.2) (478.6)
Derivative financial instruments 23 (0.3) (6.3)
Other non-current liabilities 16 (68.8) (86.8)
Maintenance provisions 17 (160.4) (136.0)
Deferred tax liabilities 5(108.1) (35.0)
(907.8) (742.7)
Net assets 1,278.2 1,152.4
Shareholders’ funds
Share capital 18 105.7 104.8
Share premium 20 640.2 633.9
Hedging reserve 20 27.6 (13.7)
Translation reserve 20 0.1 –
Retained earnings 20 504.6 427.4
1,278.2 1,152.4
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2008 and signed on behalf of the Board.
Andrew Harrison Jeff Carr
Director Director
Consolidated
balance sheet
45
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