EasyJet 2009 Annual Report Download - page 77

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75 easyJet plc Annual report and accounts 2009
16 Non-current deferred income
Deferred income principally comprises the non-current excess of sale proceeds over fair value of aircraft that have been sold and leased back under
operating leases. This balance will be realised in the income statement over the next eight years.
17 Maintenance provisions
£ million
At 1 October 2008 – originally reported 209.4
Adjustment re acquisition of GB Airways (note 23) 6.9
At 1 October 2008 – restated 216.3
Exchange adjustments 21.6
Charged to income statement 41.2
Utilised in the year (65.4)
At 30 September 2009 213.7
Maintenance provisions are analysed as follows:
2009
£ million
2008
£ million
Current (restated – note 23) 45.1 55.9
Non-current 168.6 160.4
213.7 216.3
The provision for maintenance liabilities is expected to be utilised within eight years.
18 Share capital
Number Value
2009
million
2008
million
2009
£ million
2008
£ 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 422.7 419.1 105.7 104.8
Issued during the year under share incentive schemes 2.2 3.6 0.3 0.9
At 30 September 424.9 422.7 106.0 105.7
The weighted average share price for options exercised during the year was £3.09 (2008: £4.72).
easyJet’s employee share trusts hold the following shares. The cost of these has been deducted from retained earnings:
2009 2008
Number of shares (million) 2.0 1.9
Cost (£ million) 9.7 10.3
Market value at 30 September (£ million) 7.5 5.6