EasyJet 2010 Annual Report Download - page 56

easyJet plc
Annual report and accounts 2010
Accounts
Independent auditors’ report to the
members of plc
54
We have audited the accounts of easyJet plc for the year ended 30 September 2010 which comprise the Consolidated income statement,
Consolidated statement of comprehensive income, Consolidated statement of financial position, Consolidated statement of changes
in equity, Consolidated statement of cash flows, Company statement of financial position, Company statement of changes in equity,
Company statement of cash flows, and the related notes. The financial reporting framework that has been applied in their preparation
is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the European Union and, as regards the parent
company accounts, as applied in accordance with the provisions of the Companies Act 2006.
Respective responsibilities of Directors and auditors
As explained more fully in the Statement of Directors’ responsibilities set out on page 53, the Directors are responsible for the
preparation of the accounts and for being satisfied that they give a true and fair view. Our responsibility is to audit the accounts in
accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the
Auditing Practices Board’s Ethical Standards for Auditors.
This report, including the opinions, has been prepared for and only for the Company’s members as a body in accordance with Chapter 3
of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for
any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed
by our prior consent in writing.
Scope of the audit of the accounts
An audit involves obtaining evidence about the amounts and disclosures in the accounts sufficient to give reasonable assurance that the
accounts are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting
policies are appropriate to the Group’s and the Company’s circumstances and have been consistently applied and adequately disclosed;
the reasonableness of significant accounting estimates made by the Directors; and the overall presentation of the accounts.
Opinion on accounts
In our opinion:
– the accounts give a true and fair view of the state of the Group’s and of the Company’s affairs as at 30 September 2010 and of the
Group’s profit and the Group’s and Company’s cash flows for the year then ended;
– the Group accounts have been properly prepared in accordance with IFRSs as adopted by the European Union;
– the Company accounts have been properly prepared in accordance with IFRSs as adopted by the European Union and as applied
in accordance with the provisions of the Companies Act 2006; and
– the accounts have been prepared in accordance with the requirements of the Companies Act 2006 and, as regards the Group accounts,
Article 4 of the lAS Regulation.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion:
– the part of the Report on Directors’ remuneration to be audited has been properly prepared in accordance with the Companies Act 2006; and
– the information given in the Directors’ report for the financial year for which the accounts are prepared is consistent with the accounts.
Matters on which we are required to report by exception
We have nothing to report in respect of the following:
Under the Companies Act 2006 we are required to report to you if, in our opinion:
– adequate accounting records have not been kept by the Company, or returns adequate for our audit have not been received from
branches not visited by us; or
– the Company accounts and the part of the Report on Directors’ remuneration to be audited are not in agreement with the accounting
records and returns; or
– certain disclosures of Directors’ remuneration specified by law are not made; or
– we have not received all the information and explanations we require for our audit.
Under the Listing Rules we are required to review:
– the Directors’ statement, set out on page 23, in relation to going concern; and
– the parts of the Corporate governance statement relating to the Company’s compliance with the nine provisions of the June 2008
Combined Code specified for our review.
Roger de Peyrecave (Senior Statutory Auditor)
for and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants and Statutory Auditors St Albans, Hertfordshire
15 November 2010