EasyJet 2008 Annual Report Download - page 59

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easyJet plc
Annual report and accounts 2008
Notes to the
financial statements
continued
Earnings per share is based on:
2008 2007
£million £million
Profit for the year 83.2 152.3
GB Airways integration costs 12.9 –
Reversal of prior year impairment losses on financial assets –(10.6)
Related deferred tax (3.6) 3.0
Underlying profit for the year (non-GAAP measure) 92.5 144.7
million million
Weighted average number of ordinary shares in issue during the year used to calculate basic earnings per share 419.4 416.0
Weighted average number of dilutive share options used to calculate diluted earnings per share 9.2 12.2
Earnings per share
2008 2007
pence pence
Basic 19.8 36.6
Diluted 19.4 35.6
Underlying earnings per share (non-GAAP measure)
2008 2007
pence pence
Basic 22.1 34.8
Diluted 21.6 33.8
Underlying profit and underlying earnings per share for the current year are based on the profit for the year after adjusting for the costs and related taxation
associated with the integration of the operations acquired from GB Airways. Underlying profit and earnings per share for the prior year are based on the
profit for the year after adding back the reversal of impairment on financial assets and related taxation. These adjustments have been made on the grounds
that they will not recur.
7 Goodwill and other intangible assets
Other intangible assets
Landing Contractual Computer
Goodwill rights rights software Total
£million £million £million £million £million
Cost
At 1 October 2007 309.6 – – 6.4 6.4
Acquisition of GB Airways (note 22) 50.2 72.4 2.5 – 74.9
Additions – 0.2 – 6.2 6.4
At 30 September 2008 359.8 72.6 2.5 12.6 87.7
Amortisation
At 1 October 2007 – – – 4.6 4.6
Charge for the year – – 0.7 1.8 2.5
At 30 September 2008 – – 0.7 6.4 7.1
Net book value
At 30 September 2008 359.8 72.6 1.8 6.2 80.6
At 1 October 2007 309.6 – – 1.8 1.8
57
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