Ryanair 2006 Annual Report Download - page 1

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2 Financial Highlights
4 Chairman’s Report
5 Chief Executive’s Report
8 Operating & Financial Review
16 Directors’ Report
22 Directors
23 Social, Environmental and Ethical Report
25 Report of the Remuneration Committee to the Board
26 Statement of Directors’ Responsibilities
26 Independent Auditors’ Report to the Members of Ryanair Holdings plc
28 Statement of Accounting Policies
35 Consolidated Balance Sheet
36 Consolidated Income Statement
37 Consolidated Cash Flow Statement
38 Consolidated Statement of Recognised Income and Expense
39 Company Balance Sheet
40 Company Cash Flow Statement and Statement of Changes in Shareholders’ Equity
41 Notes Forming Part of the Consolidated Financial Statements
75 Directors and Other Information
CONTENTS
1
ANNUAL REPORT & FINANCIAL STATEMENTS 2006
Financial Statements
Certain information included in these statements are forward looking and are subject to important risks and uncertainties that could cause actual results to differ materially.
It is not reasonably possible to itemise all of the many factors and specific events that could affect the outlook and results of an airline operating in the European economy.
Among the factors that are subject to change and could significantly impact the group’s expected results are the airline pricing environment, the availability and cost of fuel,
competition from new and existing carriers, market prices for replacement aircraft, costs of compliance with environmental issues and emission standards, safety and security
measures, actions of the Irish, UK, European Union (“EU”) and other governments and their respective regulatory agencies, fluctuations in currency exchange rates and interest
rates, airport access and charges, labour relations, terrorist acts, the economic environment of the airline industry, the general economic environment in Ireland, the UK and
Continental Europe, the general willingness of passengers to travel and other economic, social and political factors.

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