EasyJet 2012 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2012 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

Accounts & other information
Notes to the accounts
continued
11 Trade and other receivables continued
The following amounts of trade and other receivables are past due but not impaired:
2012
£ million
2011
£ million
Up to three months past due 52 31
Over three months past due 1 10
53 41
With respect to trade receivables that are neither impaired nor past due, there are no indications at the reporting date that the
payment obligations will not be met. Amounts due from trade receivables are short term in nature and largely comprise credit card
receivables due from financial institutions with credit ratings of at least A and, accordingly, the possibility of significant default is
considered to be unlikely.
12 Cash and money market deposits
2012
£ million
2011
£ million
Cash and cash equivalents (original maturity less than three months) 645 1,100
Money market deposits (original maturity more than three months) 238 300
Current restricted cash 130 90
Non-current restricted cash 29 33
1,042 1,523
Interest rates on money market deposits and restricted cash are repriced within 185 days based on prevailing market rates of interest.
Carrying value is not significantly different from fair value.
Restricted cash comprises:
2012
£ million
2011
£ million
Pledged as collateral to third parties:
Payment card acquiring 130 90
Aircraft operating lease deposits 25 30
Other 4 3
159 123
13 Trade and other payables
2012
£ million
2011
£ million
Trade payables 109 90
Unearned revenue 496 472
Accruals and deferred income 338 280
Other taxes and social security 13 13
Other creditors 65 61
1,021 916
easyJet plc
Annual report and accounts 2012
84