EasyJet 2011 Annual Report Download - page 91

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19 Reconciliation of operating profit to cash generated from operations
2011
£ million
2010
£ million
Operating profit 269 174
Adjustments for non-cash items:
Depreciation 83 72
Loss on disposal of property, plant and equipment – 2
Loss on disposal of assets held for sale – 7
Amortisation of intangible assets 7 6
Share-based payments 6 5
Unrealised foreign exchange differences – (3)
Changes in working capital and other items of an operating nature:
Decrease in trade and other receivables 27 43
Increase in trade and other payables 87 45
Decrease in provisions (5) (1)
(Increase) / decrease in other non-current assets (9) 9
(Increase) / decrease in derivative financial instruments (2) 2
(Increase) / decrease in non-current deferred income (14) 4
449 365
20 Reconciliation of net cash flow to movement in net cash / (debt)
1 October
2010
£ million
Exchange
differences
£ million
Loan issue
costs
£ million
Net
cash flow
£ million
30 September
2011
£ million
Cash and cash equivalents 912 (4) – 192 1,100
Money market deposits 260 2 – 38 300
1,172 (2) – 230 1,400
Bank loans (1,057) (5) 1 (18) (1,079)
Finance lease obligations (155) (1) – (65) (221)
(1,212) (6) 1 (83) (1,300)
Net (debt) / cash
(non-GAAP measure) (40) (8) 1 147 100
easyJet plc
Annual report
and accounts 2011
GovernanceCorporate responsibility
Business review Performance and risk
Overview Accounts & other information
89