EasyJet 2008 Annual Report Download - page 65

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easyJet plc
Annual report and accounts 2008
Notes to the
financial statements
continued
16 Other non-current liabilities
2008 2007
£million £million
Deferred income 68.8 86.8
Deferred income principally represents the non-current excess of sale price over fair value of aircraft that were subject to sale and operating lease back.
17 Maintenance provisions
£million
At 1 October 2007 138.8
Exchange adjustments 22.9
Acquisition of GB Airways (note 22) 6.1
Charged to income statement 47.3
Utilised in the year (5.7)
At 30 September 2008 209.4
Maintenance provisions are analysed as follows:
2008 2007
£million £million
Current 49.0 2.8
Non-current 160.4 136.0
209.4 138.8
The provision for maintenance liabilities is expected to be utilised within nine years.
18 Called up share capital
Number Value
2008 2007 2008 2007
million million £million £million
Authorised
At beginning and end of the year, ordinary shares of 25 pence each 500.0 500.0 125.0 125.0
Allotted, called up and fully paid
At 1 October 419.1 410.5 104.8 102.6
Issued during the year under share incentive schemes 3.6 8.6 0.9 2.2
At 30 September 422.7 419.1 105.7 104.8
The weighted average share price for options exercised during the year was £4.72 (2007: £6.10)
The Group’s employee share trusts hold the following shares. The cost of these has been deducted from retained earnings:
2008 2007
Number of shares (million) 1.9 1.1
Cost (£ million) 10.3 5.2
Market value at 30 September (£ million) 5.6 5.6
63
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