Ryanair 2010 Annual Report Download - page 159
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157
7 Other assets
At March 31,
2010 2009 2008
1M 1M 1M
Prepayments................................................................
..............................
74.1 67.2 121.6
Interest receivable................................................................
.....................
6.5 5.2 10.0
Refundable operating lease deposits................................
.........................
- 15.8 34.1
Value Added Tax recoverable ................................................................
..
- 2.8 3.9
80.6 91.0 169.6
All amounts fall due within one year.
8 Trade receivables
At March 31,
2010 2009 2008
1M 1M 1M
Trade receivables................................................................
......................
44.4 41.9 34.3
Provision for impairment................................................................
..........
(0.1) (0.1) (0.1)
44.3 41.8 34.2
All amounts fall due within one year.
The movement in the provision for trade receivable impairments is as follows:
Balance at
beginning
of year
Additions
charged to
expenses Write-offs
Balance at end
of year
1M 1M 1M 1M
Year ended March 31, 2010
................................
0.1 - - 0.1
Year ended March 31, 2009
................................
0.1 - - 0.1
Year ended March 31, 2008
................................
0.2 - (0.1) 0.1
No customers accounted for more than 10% of our accounts receivable at March 31, 2010 or at March
31, 2009. The following customer accounted for more than 10% of our accounts receivable at March 31, 2008:
At March 31,
2010 2009 2008
Travelscape................................................................
...............................
- - 16%
At March 31, 2010 10.6 million (2009: 10.7 million; 2008: 10.7 million) of our total accounts
receivable balance was past due, of which 10.1 million (2009: 10.1 million; 2008: 10.1 million) was impaired
and provided for and 10.5 million (2009: 10.6 million; 2008: 10.6 million) was considered past due but not
impaired.
9 Restricted cash
Restricted cash consists of 167.8 million (2009: 1291.6 million; 2008: 1288.4 million) placed on
deposit as collateral for certain derivative financial instruments and other financing arrangements entered into
by the Company. In the year ended March 31, 2008 a further 14.0 million was held in escrow relating to an
ongoing legal proceeding. This amount was released from escrow during the year ended March 31, 2009 upon
the successful outcome of the legal proceeding. See details of this matter in Note 23 to the consolidated financial
statements.