Ryanair 2010 Annual Report Download - page 12
Download and view the complete annual report
Please find page 12 of the 2010 Ryanair annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
 |
 |
10
DIRECTORS’ REPORT
N
UAL REPORT & F INANCIAL STATE MENTS 2007
Introduction
The directors submit their Annual Report, together with the audited financial statements of Ryanair
Holdings plc, for the year ended March 31, 2010. The Corporate Governance Statement which is set out on
pages 13 to 24 form part of this Directors’ Report.
Review of business activities and future developments in the business
The Company operates a low fares airline business and plans to continue to develop this activity by
expanding its successful low fares formula on new and existing routes. Information on the Company is set out
on pages 53 to 75 of the Annual Report. A review of the Company’s operations for the year is set out on pages
76 to 79 of the Annual Report.
Results for the year
Details of the results for the year are set out in the consolidated income statement on page 135 of the
Annual Report and in the related notes to the financial statements.
Principle risks and uncertainties
Details of the principle risks and uncertainties facing the Company are set forth on pages 39 to 53 of the
Annual Report.
Key performance indicators
Details of the key performance indicators relevant to the business are set forth on pages 38; 53 to 75; and
76 to 79 of the Annual Report.
Financial risk management
Details of the Company’s financial risk management objectives and policies and exposures to market risk
are set forth in Note 11 on pages 158 to 168 of the consolidated financial statements.
Share capital
The number of ordinary shares in issue at March 31, 2010 was 1,478,935,935 (2009: 1,473,356,159;
2008: 1,490,804,671). Details of the classes of shares in issue and the related rights and obligations are more
fully set out in Note 15 on pages 171 to 173 of the consolidated financial statements.
Accounting records
The directors believe that they have complied with the requirements of Section 202 of the Companies
Act, 1990 with regard to books of account by employing financial personnel with appropriate expertise and by
providing adequate resources to the financial function. The books of account of the Company are maintained
at its registered office, Corporate Headquarters, Dublin Airport, Co. Dublin, Ireland.
Company information
The Company was incorporated on August 23, 1996 with a registered number of 249885. It is domiciled
in the Republic of Ireland and has its registered offices at Corporate Headquarters, Dublin Airport, Co. Dublin,
Ireland. It is a public limited company and operates under the laws of Ireland.