EasyJet 2012 Annual Report Download - page 78

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Accounts & other information
Notes to the accounts
continued
1 Accounting policies continued
New standard and interpretations not applied
The following standards and interpretations issued by the International Accounting Standards Board have not been applied in preparing
these accounts as their effective dates fall in periods beginning after 1 October 2012.
Effective for the year ending 30 September 2013
Amendments to standards
IAS 1 Presentation of Items of Other Comprehensive Income
IAS 12 Deferred Tax (Recovery of Underlying Assets)
Effective for the year ending 30 September 2014
New and revised standards
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates and Joint Ventures
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosures of Interests in Other Entities
IFRS 13 Fair Value Measurement
Amendments to standards and interpretations
IAS 19 Employee Benefits
Effective for the year ending 30 September 2015
Amendments to standards and interpretations
IAS 32 Financial Instruments: Presentation (Offsetting Financial Assets and Financial Liabilities)
Effective for the year ending 30 September 2016
Amendments to standards and interpretations
IFRS 9 Financial Instruments
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
2012
£ million
2011
£ million
Interest receivable and other financing income
Interest income (10) (9)
Net exchange gains on financing items (note 21) (1) –
(11) (9)
Interest payable and other financing charges
Interest payable on bank loans 20 20
Interest payable on finance lease obligations 5 5
Other interest payable – (1)
Net exchange losses on financing items (note 21) – 6
25 30
14 21
Other interest payable in 2011 includes a credit of £1 million reversing previous interest accruals.
easyJet plc
Annual report and accounts 2012
76