EasyJet 2012 Annual Report Download - page 84

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Accounts & other information
Notes to the accounts
continued
8 Property, plant and equipment
Aircraft and
spares
£ million
Leasehold
improvements
£ million
Other
£ million
Total
£ million
Cost
At 1 October 2011 2,410 8 19 2,437
Additions 371 7 14 392
Transfer to intangible assets – – (13) (13)
Disposals (36) – (6) (42)
At 30 September 2012 2,745 15 14 2,774
Depreciation
At 1 October 2011 276 4 8 288
Charge for the year 93 1 3 97
Disposals (1) – (5) (6)
At 30 September 2012 368 5 6 379
Net book value
At 30 September 2012 2,377 10 8 2,395
At 1 October 2011 2,134 4 11 2,149
Aircraft and
spares
£ million
Leasehold
improvements
£ million
Other
£ million
Total
£ million
Cost
At 1 October 2010 2,129 13 29 2,171
Additions 519 – 9 528
Aircraft sold and leased back (228) – – (228)
Transfer to intangible assets – – (6) (6)
Disposals (10) (5) (13) (28)
At 30 September 2011 2,410 8 19 2,437
Depreciation
At 1 October 2010 216 8 19 243
Charge for the year 80 1 2 83
Aircraft sold and leased back (20) – – (20)
Disposals – (5) (13) (18)
At 30 September 2011 276 4 8 288
Net book value
At 30 September 2011 2,134 4 11 2,149
At 1 October 2010 1,913 5 10 1,928
The net book value of aircraft includes £88 million (2011: £164 million) relating to advance and option payments for future deliveries.
This amount is not depreciated.
Aircraft with a net book value of £990 million (2011: £1,206 million) were mortgaged to lenders as loan security.
Aircraft with a net book value of £154 million (2011: £159 million) are held under finance leases.
easyJet is contractually committed to the acquisition of 18 (2011: 37) Airbus A320 family aircraft, with a total list price of US$1.0 billion
(2011: US$1.9 billion) before escalations and discounts for delivery in the period to April 2015.
easyJet plc
Annual report and accounts 2012
82