Ryanair 2010 Annual Report Download - page 173

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171
The expected timing of the outflows of economic benefits associated with the provision at March 31,
2010, 2009 and 2008 are as follows:
At March 31,
2010 2009 2008
1M 1M 1M
(b) Provision for pension obligation
At beginning of year................................................................
................
10.1 2.0 7.0
Movement during the year................................................................
.......
0.2 8.1 (5.0)
At end of year ................................................................
..........................
10.3 10.1 2.0
The present value of the net pension obligation before tax is 110.3 million (2009: 110.1 million; 2008:
12.0 million) in Ryanair Limited. See Note 21 to the consolidated financial statements for further details.
14 Other creditors
This consists of deferred gains arising from the sale and leaseback of aircraft. During fiscal year 2010,
Ryanair entered into a sale-and-leaseback arrangement for 12 (2009: 8; 2008: 3) new Boeing 737-800 “next
generation” aircraft, in addition to 43 in previous years.
15 Issued share capital, share premium account and share options
(a) Share capital
At March 31,
2010 2009 2008
1M 1M 1M
Authorised:
1,680,000,000 ordinary equity shares of 0.635 euro cent each
................
10.7 10.7 10.7
Allotted, called-up and fully paid:
1,478,935,935 ordinary equity shares of 0.635 euro cent each
...................
9.4 - -
1,473,356,159 ordinary equity shares of 0.635 euro cent each
...................
- 9.4 -
1,490,804,671 ordinary equity shares of 0.635 euro cent each
...................
- - 9.5
Carrying
value
1M
2011
1M
2012
1M
2013
1M
2014
1M
Thereafter
1M
At March 31, 2010
Provision for leased aircraft
maintenance
92.6 36.2 7.6 9.5 22.4 16.9
Carrying
value
1M
2011
1M
2012
1M
2013
1M
2014
1M
Thereafter
1M
At March 31, 2009
Provision for leased aircraft
maintenance
61.9 14.5 13.8 8.4 14.4 10.8
Carrying
value
1M
2011
1M
2012
1M
2013
1M
2014
1M
Thereafter
1M
At March 31, 2008
Provision for leased aircraft
maintenance
42.8 11.7 10.9 7.1 8.9 4.2