EasyJet 2015 Annual Report Download - page 109

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Strategic report Governance Accounts
105
www.easyJet.com
Both fuel price and exchange rates are volatile in nature, and the assumptions used represent management’s view of reasonable average
rates. Operating margins are sensitive to significant changes in these rates.
Cash flow projections beyond the forecast period have been extrapolated using growth rate scenarios ranging from zero up to an
estimated average of long-term economic growth rates for the principal countries in which easyJet operates. No impairment resulted
from any of these scenarios.
No reasonably possible combination of changes to the key assumptions above would result in the carrying value of the cash-generating
unit exceeding its recoverable amount.
9. Property, plant and equipment
Aircraft
and spares
£ million
Other
£ million
Total
£ million
Cost
At 1 October 2014 3,035 36 3,071
Additions 500 36 536
Transfer to intangible assets – (27) (27)
Transfer to maintenance provisions (48) – (48)
Disposals (2) (2) (4)
At 30 September 2015 3,485 43 3,528
Depreciation
At 1 October 2014 517 12 529
Charge for the year 121 4 125
Disposals (2) (1) (3)
At 30 September 2015 636 15 651
Net book value
At 30 September 2015 2,849 28 2,877
At 1 October 2014 2,518 24 2,542
Aircraft
and spares
£ million Other
£ million
Total
£ million
Cost
At 1 October 2013 2,674 31 2,705
Additions 419 17 436
Transfer to intangible assets – (10) (10)
Transfer to maintenance provisions (55) – (55)
Disposals (3) (2) (5)
At 30 September 2014 3,035 36 3,071
Depreciation
At 1 October 2013 415 10 425
Charge for the year 103 3 106
Disposals (1) (1) (2)
At 30 September 2014 517 12 529
Net book value
At 30 September 2014 2,518 24 2,542
At 1 October 2013 2,259 21 2,280