EasyJet 2015 Annual Report Download - page 95

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Strategic report Governance Accounts
91
www.easyJet.com
Consolidated statement of comprehensive income
Notes
Year ended
30 September
2015
£ million
Year ended
30 September
2014
£ million
Profit for the year 548 450
Other comprehensive income/(expense)
Cash flow hedges
Fair value losses in the year (510) (2)
Losses transferred to income statement 229 50
Losses transferred to property, plant and equipment 3 –
Related tax credit/(charge) 5 56 (10)
(222) 38
Total comprehensive income for the year 326 488
For capital expenditure cash flow hedges, the accumulated gains and losses recognised in other comprehensive income will be reclassified
to the initial carrying amount of the asset acquired, within property, plant and equipment. All other items in other comprehensive income
will be reclassified to the income statement.
Losses/(gains) on cash flow hedges reclassified from other comprehensive income in income statement captions are as follows:
2015
£ million 2014
£ million
Revenue (64) (14)
Fuel 299 56
Maintenance (1) 2
Aircraft dry leasing (3) 7
Other costs (2) (1)
229 50