EasyJet 2010 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2010 EasyJet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

easyJet plc
Annual report and accounts 2010
Notes to the accounts
continued
88
25 Contingent liabilities
easyJet is involved in various disputes or litigation in the normal course of business. Whilst the result of such disputes cannot be predicted
with certainty, management considers that the ultimate resolution of these disputes will not have a material effect on easyJet’s financial
position, results or cash flows.
At 30 September 2010 easyJet had outstanding letters of credit, guarantees and performance bonds totalling £32.1 million (2009:
£29.4 million), of which £27.7 million (2009: £28.7 million) expires within one year. The fair value of these instruments at each year end
was negligible.
No amount is recognised on the statement of financial position in respect of any of these financial instruments as it is not probable that
there will be an outflow of resources.
26 Geographical revenue analysis
2010
£ million
2009
£ million
United Kingdom 1,422.7 1,323.4
Southern Europe 1,022.5 888.0
Northern Europe 504.1 437.2
Other 23.8 18.2
2,973.1 2,666.8
Southern Europe comprises countries lying wholly or mainly south of the border between Italy and Switzerland, plus France.
easyJet’s non-current assets principally comprise its fleet of aircraft (including 62 held under operating leases). All of these aircraft are
registered in the United Kingdom except for 15 registered in Switzerland. These assets are used flexibly across the entire route network,
and accordingly there is no suitable basis for allocating them to geographic segments.