EasyJet 2010 Annual Report Download - page 68

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easyJet plc
Annual report and accounts 2010
Notes to the accounts
continued
66
1 Accounting policies continued
New standards and interpretations not applied
The following standards and interpretations have not been applied in preparing these accounts as their effective dates fall in periods
beginning after 1 October 2009.
Effective for the year ending 30 September 2011
Amendments to standards and interpretations
IAS 24 Related Party Disclosures
IAS 32 Financial Instruments: Presentation (Classification of Rights Issues)
IFRS 1 First-time Adoption of IFRS (Additional Exemptions for First-time Adopters)
IFRS 2 Share-based Payment (Group cash-settled share-based payment transactions)
IFRIC 14 Prepayments of a Minimum Funding Requirement
IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
Improvements to IFRS (2009) – items with an effective date of 1 January 2010
Effective for the year ending 30 September 2012
Amendments to standards
Improvements to IFRS (2010)
The Directors do not anticipate that the adoption of these standards and interpretations will have a material impact on easyJet’s accounts.
Certain of these standards and interpretations will, when adopted, require addition to or amendment of disclosures in the accounts.
2 Net finance charges
2010
£ million
2009
£ million
Interest receivable and other financing income
Interest income (7.1) (18.4)
Net exchange gains on financing items (note 22) – (4.1)
(7.1) (22.5)
Interest payable and other financing charges
Interest payable on bank loans 20.3 26.2
Interest payable on finance lease obligations 2.9 3.9
Other interest payable (3.7) (2.2)
Net exchange losses on financing items (note 22) 7.2 –
26.7 27.9
19.6 5.4
Other interest payable includes a credit of £6.0 million (2009: £3.3 million) reversing previous interest accruals.