Ryanair 2006 Annual Report Download - page 73

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(Continued)
Notes 73
ANNUAL REPORT & FINANCIAL STATEMENTS 2006
27 TRANSITION TO IFRS (Continued)
Reconciliation of Impact of IFRS on Consolidated Income Statement at March 31, 2005
PY Adj Share Stock of IFRS
IR/UK Apr 01 Retirement Business Based A/C Spare Total Mar 31
GAAP 04 Benefits Combination Payment Parts Effect 05
000 000 000 000 000 000 000 000
Operating revenue
Scheduled revenue 1,128,116 1,128,116
Ancillary revenue* 208,470 208,470
Total operating revenue 1,336,586 1,336,586
Operating expenses
Staff costs (140,997) (188) (488) (676) (141,673)
Depreciation (98,703) (11,654) (11,654) (110,357)
Fuel & oil (265,276) (265,276)
Maintenance, materials
& repairs(37,934) 11,654 11,654 (26,280)
Marketing & distribution costs (19,622) (19,622)
Aircraft rentals (33,471) 11,925 11,925 (21,546)
Route charges(135,672) (135,672)
Airport & handling costs (178,384) (178,384)
Other* (97,038) (97,038)
Total operating expenses (1,007,097) (188) 11,925 (488) 11,249 (995,848)
Operating profit - before
amortisation of goodwill 329,489 (188) 11,925 (488) 11,249 340,738
Goodwill (2,125) 2,125 2,125 -
Operating profit after
amortisation of goodwill 327,364 (188) 14,050 (488) 13,374 340,738
Other (expenses)/income
Foreign exchange (losses) (2,323) 21 21 (2,302)
Gain on disposal of
property, plant and equipment 47 47
Finance income 28,342 28,342
Finance expense (57,499) (130) (130) (57,629)
Total other (expenses)/
income (31,433) (109) (109) (31,542)
Profit before taxation 295,931 (297) 14,050 (488) 13,265 309,196
Tax on profit on ordinary activities (29,190) 37 37 (29,153)
Profit for the financial year 266,741 (260) 14,050 (488) 13,302 280,043
Earnings per share 0.35 0.37
Diluted earnings per share0.35 0.37
*Commission on ancillary revenues has been presented gross within other costs rather than being netted off against the ancillary revenue to which it
relates. This reclassification has the following impact on the final IFRS income statement for 2005: Ancillary revenue decrease of 17.5m and an other
costs decrease of an equivalent amount.