EasyJet 2014 Annual Report Download - page 111

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Accounts & other information
www.easyJet.com 109
Impact of new standards and interpretations
The following standards and interpretations issued by the International Accounting Standards Board have been implemented
for the year ended 30 September 2014:
IFRS 1 First-time Adoption of International Financial Reporting Standards – Government Loans
IFRS 7 Financial Instruments: Disclosure – Offsetting Financial Assets and Financial Liabilities
IAS 19 Employee benefits – Amended standard resulting from the post-employment benefits and termination benefits projects
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates and Joint Ventures
Impact of Annual Improvements to IFRS 2009 – 2011 Cycle
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of interests in other entities
IFRS 13 Fair Value Measurement
The adoption of these standards and interpretations has not led to any changes in accounting policies, or had a material impact
on easyJet’s accounts.
New and revised standards and interpretations not applied
The following new or revised 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 on or after 1 October 2014.
30 15
IAS 32 Financial Instruments Presentation – Amendments relating to the offsetting of Financial Assets and Financial Liabilities
IAS 36 Impairment of Assets – Amendments arising from Recoverable Amount Disclosure for Non-Financial Assets
IAS 39 Amendments relating to Novation of Derivatives and Continuation of Hedge Accounting
IFRIC 21 Levies
Annual Improvements to IFRS 2010-2012 Cycle
Annual Improvements to IFRS 2011-2013 Cycle
30 17
IAS 16 and IAS 38 Amendments relating to Clarification of Acceptable Methods of Depreciation and Amortisation
IAS 27 Amendments relating to Equity Method in Separate Financial Statements
IFRS 10 and IAS 28 Amendments relating to Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
IFRS 11 Amendments relating to Acquisitions of Interests in Joint Operations
Effective for the year ending 30 September 2018
IFRS 15 Revenue from Contracts with Customers
Effective for the year ending 30 September 2019
IFRS 9 Financial Instruments – Finalised version, incorporating requirements for classification and measurement, impairment,
general hedge accounting and derecognition
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.