Ryanair 2006 Annual Report Download - page 9

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Operating & Financial Review
for the year ended March 31, 2006
9
ANNUAL REPORT & FINANCIAL STATEMENTS 2006
2006 2005
Consolidated income statement (Continued) 000 000 000
Earnings per ordinary share (in cent)
- Basic 40.00 36.85
- Diluted 39.74 36.65
Adjusted earnings per ordinary share (in cent)*
- Basic 39.32 35.28
- Diluted 39.07 35.09
Weighted average number of ordinary shares (in 000’s)
- Basic 766,833 759,911
- Diluted 771,781 764,003
*Calculated on profit for the year before items set out in table below
2006 2005
Reconciliation of profit for the year to adjusted profit for the year 000 000
Profit for the financial year 306,712 280,043
Adjustments
Purchase accounting adjustment -(11,925)
Aircraft insurance claim (5,939) -
Taxation adjustment for above 742 -
Adjusted profit for the year 301,515 268,118
Items described above in the year ended March 31, 2006 consist of a receipt of 5.2m (net of tax) arising from the settlement of an insurance claim for the scribing of 6
Boeing 737-200 aircraft. Additionally, on adoption of IFRS (International Financial Reporting Standards) the company opted to change its accounting treatment for business
combinations. This has resulted in a one-off, non cash, release to the income statement of 11.9m in the year ended March 31, 2005.