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Balance sheets

At March 31, 2009

      Group   Company
£ million Note   2009 2008
Restated
  2009 2008
Restated
Non-current assets              
Property, plant and equipment:              
Fleet 15   5,996 5,976   5,805 5,794
Property 15   971 977   920 924
Equipment 15   266 310   258 301
      7,233 7,263   6,983 7,019
Intangibles:              
Goodwill 18   40 40      
Landing rights 18   205 159   163 159
Software 18   22 22   22 22
      267 221   185 181
Investments in subsidiaries 20         2,356 2,207
Investments in associates 20   209 227      
Available-for-sale financial assets 21   65 80   27 24
Employee benefit assets 36   340 320   340 320
Derivative financial instruments 32   3 51   3 51
Prepayments and accrued income     25 19   9 9
Total non-current assets     8,142 8,181   9,903 9,811
Current assets and receivables              
Inventories 22   127 112   125 109
Trade receivables 23   530 586   517 574
Other current assets 24   268 308   382 371
Derivative financial instruments 32   40 241   40 241
Other current interest-bearing deposits 25   979 1,181   43 399
Cash and cash equivalents 25   402 683   219 433
      1,381 1,864   262 832
Total current assets and receivables     2,346 3,111   1,326 2,127
Total assets     10,488 11,292   11,229 11,938
Shareholders’ equity              
Issued share capital 33   288 288   288 288
Share premium     937 937   937 937
Investment in own shares     (9) (10)   (9) (10)
Other reserves 35   430 1,847   10 1,444
Total shareholders’ equity     1,646 3,062   1,226 2,659
Minority interest 35   200 200      
Total equity     1,846 3,262   1,226 2,659
Non-current liabilities              
Interest-bearing long-term borrowings 28   3,074 2,751   3,333 2,971
Employee benefit obligations 36   191 330   182 322
Provisions for deferred tax 12   652 1,075   592 1,017
Other provisions 30   256 210   215 185
Derivative financial instruments 32   123 4   123 4
Other long-term liabilities 27   204 168   169 132
Total non-current liabilities     4,500 4,538   4,614 4,631
Current liabilities              
Current portion of long-term borrowings 28   689 423   689 421
Trade and other payables 26   2,796 2,875   4,045 4,036
Derivative financial instruments 32   471 20   471 20
Current tax payable     4 4   4 3
Short-term provisions 30   182 170   180 168
Total current liabilities     4,142 3,492   5,389 4,648
Total equity and liabilities     10,488 11,292   11,229 11,938

Willie Walsh

Keith Williams

May 21, 2009

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