EasyJet 2012 Annual Report Download - page 91

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19 Reconciliation of operating profit to cash generated from operations
2012
£ million
2011
£ million
Operating profit 331 269
Adjustments for non-cash items:
Depreciation 97 83
Loss on disposal of property, plant and equipment 1 –
Amortisation of intangible assets 8 7
Share-based payments 12 6
Changes in working capital and other items of an operating nature:
(Increase) / decrease in trade and other receivables (44) 27
Increase in trade and other payables 74 87
Increase / (decrease) in provisions 18 (5)
Increase / (decrease) in other non-current assets 6 (9)
Decrease / (increase) in derivative financial instruments 4 (2)
Increase in non-current deferred income (13) (14)
494 449
20 Reconciliation of net cash flow to movement in net funds / (debt)
1 October
2011
£ million
Exchange
differences
£ million
Loan issue
costs
£ million
Net
cash flow
£ million
30 September
2012
£ million
Cash and cash equivalents 1,100 (18) – (437) 645
Money market deposits 300 (7) – (55) 238
1,400 (25) – (492) 883
Bank loans (1,079) 25 (3) 305 (752)
Finance lease obligations (221) 7 – 9 (205)
(1,300) 32 (3) 314 (957)
Net funds / (debt) (non-GAAP measure) 100 7 (3) (178) (74)
Accounts & other information
easyJet plc
Annual report and accounts 2012 89