EasyJet 2013 Annual Report Download - page 113

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www.easyJet.com
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At 1 October 2012   
Additions   
Aircraft sold and leased back  ± 
Transfer to intangible assets ±  
Transfer to maintenance provision  ± 
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At 1 October 2012   
Charge for the year   
Aircraft sold and leased back  ± 
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At 1 October 2012   
Aircraft and
spares
£ million
Other
£ million
Total
£ million
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At 1 October 2011 2,410 27 2,437
Additions 371 21 392
Transfer to intangible assets – (13) (13)
Transfer to maintenance provision (34) – (34)
Disposals (2) (6) (8)
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At 1 October 2011 276 12 288
Charge for the year 93 4 97
Disposals (1) (5) (6)
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$W6HSWHPEHU 2,377 18 2,395
At 1 October 2011 2,134 15 2,149
The net book value of aircraft includes £196 million (2012: £88 million) relating to advance and option payments for
future deliveries. This amount is not depreciated.
Aircraft with a net book value of £664 million (2012: £990 million) are mortgaged to lenders as loan security.
Aircraft with a net book value of £147 million (2012: £154 million) are held under finance leases.
easyJet is contractually committed to the acquisition of 144 (2012: 18) Airbus A320 family aircraft, with a total list
price of US$12.4 billion (2012: US$1.0 billion) before escalations and discounts for delivery in 2014 (9 aircraft), 2015
to 2017 (35 aircraft) and 2017 to 2022 (100 new generation aircraft).
Subsequent to the year end, easyJet has exercised options for the acquisition of six aircraft, for delivery in 2015,
with a total list price of $458 million.
The ‘other’ category mainly comprises leasehold improvements, computer hardware and fixtures, fittings and equipment.
111
www.easyJet.com
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