EasyJet 2011 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2011 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 108

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Consolidated statement of cash flows
Notes
Year ended
30 September
2011
£ million
Year ended
30 September
2010
£ million
Cash flows from operating activities
Cash generated from operations 19 449 365
Net interest and other financing charges (paid) / received (23) 12
Net tax paid (2) (14)
Net cash generated from operating activities 424 363
Cash flows from investing activities
Purchase of property, plant and equipment (550) (472)
Proceeds from sale of assets held for sale 75 –
Purchase of other intangible assets (6) (11)
Redemption of loan notes 3 1
Net cash used by investing activities (478) (482)
Cash flows from financing activities
Net proceeds from issue of ordinary share capital 3 10
Purchase of own shares for employee share schemes (8) (1)
Proceeds from drawdown of bank loans 172 213
Repayment of bank loans (154) (188)
Proceeds from drawdown of finance leases 71 47
Repayment of capital elements of finance leases (6) (4)
Net proceeds from sale and operating leaseback of aircraft 273 109
Net (increase) / decrease in money market deposits (38) 31
(Increase) / decrease in restricted cash (67) 16
Net cash generated from financing activities 246 233
Effect of exchange rate changes (4) 9
Net increase in cash and cash equivalents 188 123
Cash and cash equivalents at beginning of year 912 789
Cash and cash equivalents at end of year 12 1,100 912
easyJet plc
Annual report
and accounts 2011
GovernanceCorporate responsibility
Business review Performance and risk
Overview Accounts & other information
69