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Balance sheets

At 31 March 2010

      Group   Company
£ million Note   2010 2009   2010 2009
Non-current assets              
Property, plant and equipment:              
Fleet 14   5,739 5,996   5,523 5,805
Property 14   920 971   871 920
Equipment 14   245 266   239 258
      6,904 7,233   6,633 6,983
Intangibles:              
Goodwill 17   40 40      
Landing rights 17   202 205   163 163
Software 17   27 22   27 22
      269 267   190 185
Investments in subsidiaries 19         2,368 2,356
Investments in associates 19   197 209      
Available-for-sale financial assets 20   76 65   21 27
Employee benefit assets 35   483 340   483 340
Derivative financial instruments 31   27 3   27 3
Prepayments and accrued income     17 25   93 9
Total non-current assets     7,973 8,142   9,815 9,903
Non-current assets held for sale 16   30   25
Current assets and receivables              
Inventories 21   98 127   97 125
Trade receivables 22   499 530   486 517
Other current assets 23   289 268   376 382
Derivative financial instruments 31   74 40   74 40
Other current interest-bearing deposits 24   928 979   908 43
Cash and cash equivalents 24   786 402   756 219
      1,714 1,381   1,664 262
Total current assets and receivables     2,674 2,346   2,697 1,326
Total assets     10,677 10,488   12,537 11,229
Shareholders’ equity              
Issued share capital 32   288 288   288 288
Share premium     937 937   937 937
Investment in own shares     (4) (9)   (4) (9)
Other reserves 34   692 430   273 10
Total shareholders’ equity     1,913 1,646   1,494 1,226
Non-controlling interests 34   200 200      
Total equity     2,113 1,846   1,494 1,226
Non-current liabilities              
Interest-bearing long-term borrowings 27   3,446 3,074   3,698 3,333
Employee benefit obligations 35   208 191   200 182
Provisions for deferred tax 11   774 652   720 592
Other provisions 29   159 256   141 215
Derivative financial instruments 31   5 123   5 123
Other long-term liabilities 26   232 204   194 169
Total non-current liabilities     4,824 4,500   4,958 4,614
Current liabilities              
Current portion of long-term borrowings 27   556 689   554 689
Trade and other payables 25   2,910 2,796   5,256 4,045
Derivative financial instruments 31   12 471   13 471
Current tax payable     2 4   5 4
Short-term provisions 29   260 182   257 180
Total current liabilities     3,740 4,142   6,085 5,389
Total equity and liabilities     10,677 10,488   12,537 11,229

Willie Walsh

Keith Williams

20 May 2010

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