Ryanair 2010 Annual Report Download - page 133

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CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
There has been no change in the Company’s internal control over financial reporting during the 2010
fiscal year that has materially affected, or is reasonably likely to materially affect, the Company’s internal
control over financial reporting.
Item 16. Reserved
Item 16A. Audit Committee Financial Expert
The Company’s board of directors has determined that each of Emmanuel Faber and Declan McKeon
qualify as an “audit committee financial expert” within the meaning of this Item 16A. Mr. Faber and Mr.
McKeon are both “independent” for purposes of the listing rules of NASDAQ.
Item 16B. Code of Ethics
The Company has adopted a broad Code of Business Conduct and Ethics that meets the requirements
for a “code of ethics” as defined in Item 16B of Form 20-F. The Code of Business Conduct and Ethics applies to
the Company’s chief executive officer, chief financial officer, chief accounting officer, controller and persons
performing similar functions, as well as to all of the Company’s other officers, directors and employees. The
Code of Business Conduct and Ethics is available on Ryanair’s website at http://www.ryanair.com. (Information
appearing on the website is not incorporated by reference into this annual report.) The Company has not made
any amendment to, or granted any waiver from, the provisions of this Code of Business Conduct and Ethics that
apply to its chief executive officer, chief financial officer, chief accounting officer, controller or persons
performing similar functions during its most recently completed fiscal year.
Item 16C. Principal Accountant Fees and Services
Audit and Non-Audit Fees
The following table sets forth the fees billed or billable to the Company by its independent auditors,
KPMG, during the fiscal years ended March 31, 2010, 2009 and 2008:
Year ended March 31,
2010 2009 2008
(millions)
Audit fees ................................
............................
10.5 10.5 10.5
Audit-related fees ................................
................
- - -
Tax fees ................................
...............................
0.3 0.3 0.2
Total fees................................
.............................
10.8 10.8 10.7
Audit fees in the above table are the aggregate fees billed or billable by KPMG in connection with the
audit of the Company’s annual financial statements, as well as work that generally only the independent auditor
can reasonably be expected to provide, including the provision of comfort letters, statutory audits, discussions
surrounding the proper application of financial accounting and reporting standards and services provided in
connection with certain regulatory requirements including those under the Sarbanes-Oxley Act of 2002.
Audit-related fees in the above table are the aggregate fees billed by KPMG for assurance and related
services that are traditionally performed by the independent auditor, including due diligence related to mergers
and acquisitions and employee benefit plan audits.
Tax fees include fees for all services, except those services specifically related to the audit of financial
statements, performed by the independent auditor’s tax personnel, work performed in support of other tax-
related regulatory requirements and tax compliance reporting.