曝光臺 注意防騙 網(wǎng)曝天貓店富美金盛家居專營店坑蒙拐騙欺詐消費(fèi)者

Profit for the year – – – 152.3 152.3
Cash flow hedges
Fair value losses – – (39.7) – (39.7)
Transfers to income statement – – 34.6 – 34.6
Transfers to property, plant and equipment – – 1.1 – 1.1
Related taxation (note 5b) – – (0.2) – (0.2)
Share options
Proceeds from shares issued 2.2 42.5 – (28.2) 16.5
Value of employee services – – – 7.5 7.5
Related taxation (note 5b) – – – 2.0 2.0
Employee share schemes – purchase of shares (note 18) – – – (4.6) (4.6)
At 30 September 2007 104.8 633.9 (13.7) 427.4 1,152.4
80 easyJet plc
Annual report and accounts 2007
20 Equity (continued)
Share Share Hedging Translation Retained
capital premium reserve reserve earnings Total
£million £million £million £million £million £million
At 1 October 2005 100.1 557.2 10.8 0.1 208.5 876.7
Profit for the year – – – – 94.1 94.1
Cash flow hedges
Fair value losses – – (25.2) – – (25.2)
Transfers to income statement – – (3.8) – – (3.8)
Related taxation (note 5b) – – 8.7 – – 8.7
Currency translation differences – – – (0.1) – (0.1)
Share options
Proceeds from shares issued 2.5 34.2 – – (18.8) 17.9
Value of employee services – – – – 4.4 4.4
Related taxation (note 5b) – – – – 10.8 10.8
Employee share schemes – purchase of shares (note 18) – – – (0.6) (0.6)
At 30 September 2006 102.6 591.4 (9.5) – 298.4 982.9
In prior years, when share options were exercised, the option holder paid the option price. The subsidiary employing the option holder paid
the difference (“spread”) between the option price and market value at the time the option was exercised. This applied to all subsidiaries
regardless of where they were incorporated. The market value of the shares so issued was credited to share capital (25 pence per share) and
share premium. The spread was debited to retained earnings. During the current year, payment of spread was discontinued for subsidiaries
incorporated in the United Kingdom, but continues for subsidiaries incorporated elsewhere.
The amounts recognised in the current and prior years are as follows:
2007 2006
£million £million
Option price – paid by option holder 16.5 17.9
Spread – paid by employing subsidiary 28.2 18.8
44.7 36.7
The hedging reserve comprises the effective portion of the cumulative net change in fair value of cash flow hedging instruments relating
to hedge transactions that are extant at each year end.
Notes to the financial statements
continued
81 easyJet plc
Annual report and accounts 2007
21 Reconciliation of net profit to net cash inflow from operating activities
2007 2006
£million £million
Cash generated from operations
Profit for the year 152.3 94.1
Adjustments for:
Tax charge 49.6 35.1
Depreciation charge 33.3 27.4
Profit on disposal of property, plant and equipment (0.9) (1.3)
Amortisation of other intangibles 0.9 0.8
Reversal of prior year impairment losses on financial assets (10.6) –
Interest income (53.0) (35.4)
Interest expense 35.4 22.7
Share-based payments 7.5 4.7
Share of results of associates (0.1) (0.1)
Financial Instruments – time value (4.5) 9.8
Foreign exchange (note 22) (15.4) (17.3)
Changes in working capital:
Increase/(decrease) in trade and other receivables 6.0 (6.9)
Increase in trade and other payables 51.9 79.0
(Decrease)/increase in provisions (0.2) 3.2
(Increase)/decrease in other non-current assets (3.8) 5.7
Decrease in financial instruments 0.4 0.4
Increase/(decrease) in other non-current liabilities 12.0 (0.3)
Cash generated from continuing operations 260.8 221.6
22 Derivative financial instruments
2007
Quantity Quantity Assets Liabilities
US dollar million tonnes £million £million
Fair value
Designated as cash flow hedges
Forward US dollar contracts 1,363.9 – – (17.0)
Zero cost US dollar collars 367.0 – – (15.7)
Forward jet fuel contracts – 332.3 14.4 –
Designated as held for trading
Forward US dollar contracts 100.0 – – (0.3)
1,830.9 332.3 14.4 (32.9)
Less non-current portion
Forward US dollar contracts – (3.4)
Zero cost US dollar collars – (2.9)
Current portion 14.4 (26.6)
　
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