EasyJet 2015 Annual Report Download - page 112

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108 easyJet plc Annual report and accounts 2015
Notes to the accounts continued
16. Provisions for liabilities and charges continued
Other provisions comprise liabilities for amounts payable to customers who make claims in respect of flight delays and cancellations, and
refunds of air passenger duty or similar charges, previously included in accruals and other payables.
2015
£ million 2014
£ million
Current 61 94
Non-current 165 147
226 241
Maintenance provisions are expected to be utilised within eight years. Other provisions are expected to be utilised within one year.
17. Share capital
Number Nominal value
2015
million 2014
million 2015
million 2014
million
Authorised
At 30 September 2015 and 30 September 2014
Ordinary shares of 27 2/7 pence each 458 458 125 125
Allotted, called up and fully paid
At 30 September 2015 and 30 September 2014 397 397 108 108
The weighted average share price for options exercised during the year was £15.84 (2014: £14.46).
easyJet’s employee benefit trusts hold the following shares. The cost of these has been deducted from retained earnings:
2015 2014
Number of shares (million) 2 3
Cost (£ million) 25 26
Market value at year end (£ million) 30 39
18. Share incentive schemes
easyJet operates the following share incentive schemes, all of which are equity settled. The change in the number of awards outstanding
and weighted average exercise prices during the year, and the number exercisable at each year end were as follows:
Grant date
1 October
2014
million
Granted
million
Forfeited
million
Exercised
million
30 September
2015
million
Discretionary schemes
8 December 2004 0.4 – – (0.4) –
Long Term Incentive Plan
31 March 2011 1.3 – – (1.3) –
4 January 2012 2.5 – – (2.4) 0.1
18 December 2012 1.2 – (0.3) – 0.9
17 December 2013 0.7 – (0.2) – 0.5
19 December 2014 – 0.7 – – 0.7
Save As You Earn scheme
1 July 2011 0.2 – – (0.2) –
1 July 2012 0.9 – (0.1) (0.6) 0.2
1 July 2013 0.6 – – – 0.6
1 July 2014 0.8 – – – 0.8
1 July 2015 – 1.2 – – 1.2
Share Incentive Plans 5.3 0.7 (0.1) (1.5) 4.4
13.9 2.6 (0.7) (6.4) 9.4