EasyJet 2011 Annual Report Download - page 2

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Europe by easyJet
easyJet plc
Annual report
and accounts 2011
1 Overview
Highlights 02
Chairman’s introduction 03
Turning Europe Orange 04
Our cause 06
4 Corporate responsibility
Introduction 32
Safety 32
People 33
Environment 36
2 Business review
Our long-term strategy 08
Chief Executive’s introduction 09
Strategic position 10
Strategy implementation 13
Market review 13
Looking forward to 2012 14
Key performance indicators 16
5 Governance
Chairman’s introduction 41
Board of directors 42
Executive management team 44
Corporate governance 46
Shareholder information 51
Report on Directors’ remuneration 52
Statement of Directors’ responsibilities 62
3 Performance and risk
Financial review 19
Introduction 19
Financial performance 22
Earnings per share 24
Cash flows and financial position 24
Going concern 25
Significant contracts and creditor policy 25
Principal risks and uncertainties 27
6 Accounts & other information
Independent auditors’ report 64
Consolidated income statement 65
Consolidated statement of
comprehensiveincome 66
Consolidated statement of financial position 67
Consolidated statement of changes in equity 68
Consolidated statement of cash flows 69
Notes to the accounts 70
Company statement of financial position 98
Company statement of changes in equity 99
Company statement of cash flows 100
Notes to the Company accounts 101
Five year summary 103
Glossary 104
Directors’ report
easyJet plc is incorporated as a public limited company and is registered in
England with the registered number 3959649. easyJet plc’s registered office
is Hangar 89, London Luton Airport, Bedfordshire LU2 9PF. The Directors
present the Annual report and accounts for the year ended 30September 2011.
References to ‘easyJet’, the ‘Group’, the ‘Company’, ‘we’,or ‘our’ are to easyJet
plc or to easyJet plc and its subsidiary companies where appropriate. Pages
01to 62, inclusive, of this Annual report comprise the Directors’ report that has
been drawn up and presented in accordance with English company law and the
liabilities of the Directors in connection with that report shall be subject to the
limitations and restrictions provided by such law.