曝光臺 注意防騙 網曝天貓店富美金盛家居專營店坑蒙拐騙欺詐消費者

projections based on financial forecasts approved by the Board. The pre-tax discount rate applied to the cash flow projections is 9.8%
(2006: 11.3%).
The calculation of value in use is most sensitive to the following assumptions: Operating margin and discount rate. Operating margins and
growth rates are based on the estimated effects of planned business efficiency and operational growth, however the trading environment
is subject to both regulatory and competitive pressures that can have a material effect on the operating performance of the business.
Foreseeable events are unlikely to result in a change in the projections to a significant enough extent to result in the carrying value of
the network failing to exceed its recoverable amount. The discount rate reflects management’s estimate of the long-term return on
capital employed for the business. Changes in sources of funding or the cost of the funding could result in changes to discount rates used.
The discount rate would need to exceed 20% in order for there to be a significant risk that the carrying amount of assets would exceed
their recoverable amount.
Notes to the financial statements
continued
71 easyJet plc
Annual report and accounts 2007
8 Other intangible assets
Software
development
costs
£million
Cost
At 1 October 2006 4.8
Additions 1.6
At 30 September 2007 6.4
Amortisation
At 1 October 2006 3.7
Charge for the year 0.9
At 30 September 2007 4.6
Net book value
At 30 September 2007 1.8
At 30 September 2006 1.1
Cost
At 1 October 2005 4.3
Additions 0.5
At 30 September 2006 4.8
Amortisation
At 1 October 2005 2.9
Charge for the year 0.8
At 30 September 2006 3.7
Net book value
At 30 September 2006 1.1
At 30 September 2005 1.4
72 easyJet plc
Annual report and accounts 2007
9 Property, plant and equipment
Leasehold
improvements Fixtures
Aircraft – buildings and fittings Total
£million £million £million £million
Cost
At 1 October 2006 729.3 6.9 15.9 752.1
Additions 264.0 5.3 6.5 275.8
Disposals (5.5) – – (5.5)
At 30 September 2007 987.8 12.2 22.4 1,022.4
Depreciation
At 1 October 2006 39.8 4.9 11.7 56.4
Charge for the year 31.5 0.7 1.1 33.3
Disposals (3.1) – – (3.1)
At 30 September 2007 68.2 5.6 12.8 86.6
Net book value
At 30 September 2007 919.6 6.6 9.6 935.8
At 30 September 2006 689.5 2.0 4.2 695.7
Leasehold
improvements Fixtures
Aircraft – buildings and fittings Total
£million £million £million £million
Cost
At 1 October 2005 417.0 6.0 12.8 435.8
Additions 324.7 0.9 3.9 329.5
Disposals (9.8) – (0.8) (10.6)
Transfers to other non-current assets (2.6) – – (2.6)
At 30 September 2006 729.3 6.9 15.9 752.1
Depreciation
At 1 October 2005 23.5 3.0 10.7 37.2
Charge for the year 23.9 1.9 1.6 27.4
Disposals (7.6) – (0.6) (8.2)
At 30 September 2006 39.8 4.9 11.7 56.4
Net book value
At 30 September 2006 689.5 2.0 4.2 695.7
At 30 September 2005 393.5 3.0 2.1 398.6
During the year the Group has revised the expected useful lives of aircraft spares and computer hardware as shown in note 1. The impact
of these changes in accounting estimates was to reduce the depreciation charge for the year by £2.7 million.
The net book value of aircraft at 30 September 2007 includes £116.0 million (2006: £81.2 million) relating to advance payments and option
payments for future delivery of aircraft. This amount is not depreciated.
The net book value of aircraft held under finance leases at 30 September 2007 was £77.8 million (2006 £80.9 million). £3.3 million of the related
accumulated depreciation was charged in the year ended 30 September 2007 (2006: £1.8 million).
At 30 September 2007, aircraft with a net book value of £517.5 million (2006: £418.0 million) were mortgaged to lenders as loan security.
Aircraft spares with a value of £1.9 million (2006: £4.9 million) were received free of charge during the year. Accounting for these spares is
described in note 1.
Notes to the financial statements
continued
73 easyJet plc
Annual report and accounts 2007
10 Cash, cash equivalents and restricted cash
2007 2006
£million £million
Cash and cash equivalents 719.1 860.7
Current restricted cash 15.9 12.2
Non-current restricted cash 32.9 26.1
767.9 899.0
Interest rates earned on cash and cash equivalents are repriced within 90 days or less based on prevailing market rates of interest.
　
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