Sale and leaseback

easyJet plc Monitor

easyJet plc Annual Report 2017
CR Monitor Issue: 
2018/0207
Company covered: 
easyJet plc
Period End: 
30 September, 2017
Report issued on 20 February 2017 covered the following practice issues:
Change
Multi-column income statement format employed highlighting separately headline and non-headline items.
Change
Additional disclosure of earnings per share on a headline earnings basis.
Change
Change in the treatment of maintenance costs in respect of sale and leaseback assets.
Change
Tabular disclosure of key audit matters included in auditors report.

Enterprise Inns plc Period End 30 September 2010

Enterprise Inns plc Annual Report Year
Recognition of a VAT refund as current provision contrasts with peers
UK pub company Enterprise Inns recognises a £6 million VAT refund as a current provision in treatment that contrasts with one group of peers which records a non-current payable or other liability and another group which recognises income.

Net charge on cancellation of swaps as a result of refinancing debt represents 45% of loss
Following refinancing its debt, UK pub company Enterprise Inns cancelled interest rate swaps relating to the original debt and recognises a £14 million net charge on one swap previously accounted for as a cash flow hedge, that represents 45% of pre-tax loss.

FirstGroup plc Period End 31 March 2009

£23.1 million loss arises from reduction in estimated fuel usage for the next year

UK transport company FirstGroup reduces its expectation of fuel consumption for the next financial year, with a £23.1 million expense arising from recycling to the income statement cumulative losses on the related cash flow hedges that reduces its pre-tax profit by more than 10%.

Dairy Crest Group plc Period End 31 March 2009

Dairy Crest Group plc Annual Report Year 2009

Net gain on disposals represents 45% of pre-tax profit

UK food producer Dairy Crest generates net gain of £45.9 million from disposal of a joint venture and another business that represents some 45% of profit before tax.


Insurance policies purchased to reduce pension risk

UK food producer Dairy Crest pays £150 million to insure obligations to retired pensioners amounting to £114 million at the year-end that represent 20% of its total pension obligations.

Dairy Crest Group plc Period End 31 March 2009

Dairy Crest Group plc Annual Report Year 2009

Net gain on disposals represents 45% of pre-tax profit

UK food producer Dairy Crest generates net gain of £45.9 million from disposal of a joint venture and another business that represents some 45% of profit before tax.


Insurance policies purchased to reduce pension risk

UK food producer Dairy Crest pays £150 million to insure obligations to retired pensioners amounting to £114 million at the year-end that represent 20% of its total pension obligations.