Aer Lingus 2011 Annual Report Download - page 116

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Annual Report 2011
114
FINANCIAL STATEMENTS Aer Lingus Group Plc
Notes to the consolidated financial statements (continued)
Asummary of the Group’s transactions with the government of Ireland and its bodies is included below:
The Group incurs rental charges in respect of office space, check in facilities and other operational facilities at various Irish airports. The
Group also incurs passenger, landing and other charges for the use of these airports. The Group incurs air navigation charges as a result
of services provided by the Irish Aviation Authority.
The Group collects Airport Departure Tax and various payroll taxes on behalf of the Irish Revenue Commissioners and is liable to Irish
Corporation Tax on profits earned, and to employer’s PRSI on its payroll. The Group accounts for VAT in Ireland.
The Group sells seats on its scheduled services to various Government bodies in the normal course of its business and has banking
relationships with institutions now controlled by the Irish government. As an airline, the Irish Department of Transport is the Group’s
principal regulator.
Tourism Ireland and the Group engage in co-marketing activities.
The transactions described above are collectively but not individually significant to the financial statements.
During the year, the Group disposed of its leasehold interest in its Head Office Building to the Dublin Airport Authority. Details of the
nature and terms of this transaction are included in note 9 “net exceptional items”.
34 Cash generated in operations
G
Gr
ro
ou
up
p2
20
01
11
12010
As restated
¤
¤’
’0
00
00
0¤’000
Profit before tax 8
84
4,
,3
36
62
227,273
Adjustments for:
- Depreciation and amortisation 8
84
4,
,8
84
47
791,431
- Net movements in provisions for liabilities and charges (
(5
50
0,
,5
57
76
6)
)(44,223)
- Net fair value losses/(gains) on derivative financial instruments 2
25
56
6(989)
- Share options and awards expense 3
3,
,1
19
99
9882
- Finance income (
(1
15
5,
,4
42
22
2)
)(22,962)
- Finance expense 1
17
7,
,3
33
30
017,235
- Net exceptional items (
(3
37
7,
,1
16
61
1)
)6,234
- Other (gains)/losses – net (
(1
17
7,
,0
07
77
7)
)4,065
Changes in working capital
- Inventories (
(2
21
13
3)
)(464)
- Trade and other receivables 1
12
2,
,4
47
78
8(5,757)
- Trade and other payables 5
5,
,5
59
95
5(26,210)
Cash generated in operations 8
87
7,
,6
61
18
846,515
C
Co
om
mp
pa
an
ny
y2
20
01
11
12010
¤
¤’
’0
00
00
0¤’000
Profit before tax 9
91
1-
Adjustments for:
- Finance income (
(9
91
1)
)-
Changes in working capital
- Trade and other receivables 1
13
33
3,
,9
98
86
6-
Cash generated in operations 1
13
33
3,
,9
98
86
6-