Annual Financial Report

RNS Number : 8573F

easyJet PLC

20 January 2010

 



                                           easyJet plc ("the Company")

    Annual Report and Accounts 2009 and Notice of Annual General Meeting

 The Company has submitted copies of the documents listed below to the Financial Services Authority:

• the Annual Report and Accounts for the year ended 30 September 2009;

• notice of Annual General Meeting to be held on 18 February 2010;

• the Form of Proxy in relation to the Annual General Meeting;

• the new Articles of Association proposed to be adopted at the Annual General Meeting.

   

These documents will shortly be available for inspection at the Financial Services Authority's Document Viewing Facility situated at:

The Financial Services Authority

25, The North Colonnade

Canary Wharf

London 

E14 5HS

The Annual Report and Accounts for the year ended 30 September 2009 and the notice of the 2010 Annual General Meeting are also available on the Company's website, www.easyJet.com.

Pursuant to DTR 6.1.2, the Company confirms that one of the resolutions to be proposed at the Annual General Meeting is the adoption of new Articles of Association. A description of the material changes is contained in the Annual General Meeting notice circular.

In compliance with DTR 6.3.5, the following information is extracted from the Annual Report and Accounts 2009 and should be read together with the Company's Final Results announcement issued on 16 November 2009 which can be found at www.easyJet.com . Together these constitute the information required to be communicated to the media in unedited full text through a Regulatory Information Service. This information is not a substitute for reading the full 2009 Annual Report and Accounts. 

STATEMENT OF DIRECTORS' RESPONSIBILITIES 

The following responsibility statement is extracted from the Statement of Directors' Responsibilities on page 55 of the Annual Report and Accounts 2009 and is repeated here solely for the purpose of complying with DTR 6.3.5. The statement relates to the full Annual Report and not the extracted information presented in this announcement or the Final Results announcement:

The Directors are responsible for preparing the annual report, the report on Directors' remuneration and the accounts in accordance with applicable law and regulations. 

Company law requires the Directors to prepare accounts for each financial year. Under that law the Directors have elected to prepare the Group and parent company accounts in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union. Under company law the Directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of the profit or loss of the Group for that period. In preparing these financial statements, the Directors are required to: 

• select suitable accounting policies and then apply them consistently; 

• make judgements and accounting estimates that are reasonable and prudent; 

• state whether applicable IFRSs as adopted by the European Union have been followed, subject to any material departures disclosed and explained in the accounts; and 

• prepare the accounts on the going concern basis unless it is inappropriate to presume that the Group and Company will continue in business. 

  
  

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable them to ensure that the accounts and the report on Directors' remuneration comply with the Companies Act 2006 and, as regards the Group accounts, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Directors are responsible for the maintenance and integrity of the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions. 

Each of the Directors, whose names and functions are listed on pages 36 and 37 confirm that, to the best of their knowledge: 

• the Group and Company accounts, which have been prepared in accordance with IFRS as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit of the Group and Company; and 

• the Directors' report includes a fair review of the development and performance of the business and the position of the Group and Company, together with a description of the principal risks and uncertainties that they face. 

  
  

In the case of each Director in office at the date the Directors' report is approved, and in accordance with Section 418 of the Companies Act 2006: 

(a) so far as the Director is aware, there is no relevant audit information of which the Company's auditors are unaware; and 

(b) he has taken all the steps that he ought to have taken as a Director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information. 

The Annual report on pages 1 to 55 was approved by the Board of Directors and authorised for issue on 16 November 2009 and signed on behalf of the Board. 

Sir David Michels    Andrew Harrison 

Director                  Director 

RELATED PARTY TRANSACTIONS

The following Related Party Transactions information is extracted from page 91 of the Annual Report and Accounts 2009 and is repeated here solely for the purpose of complying with DTR 6.3.5:

Transactions with subsidiary undertakings, which principally relate to the provision of funding within the Group, are carried out on an arm's-length basis.

Outstanding balances are placed on intercompany accounts with no specified credit period, are unsecured, and bear market rates of interest.

In addition, easyJet has a key relationship with easyGroup IP Licensing, which owns the easyJet brand.

The other information required in compliance with DTR 6.3.5 can be found within the Final Results announcement issued on 16 November 2009.

End

20 January 2010

 

END

 

 

ACSLLFSVLRIIFII