Ryanair 2010 Annual Report Download - page 176

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174
entire aircraft fleet, which are uniform in type. The objective in making resource allocation decisions is to
maximise consolidated financial results, rather than results on individual routes within the network.
The CODM assesses the performance of the business based on the consolidated adjusted profit/ (loss)
after tax of the Company for the year. This measure excludes the effects of certain income and expense items,
which are unusual, by virtue of their size and incidence, in the context of the Company’s ongoing core
operations, such as the impairment of a financial asset investment and accelerated depreciation related to aircraft
disposals.
All segment revenue is derived wholly from external customers and, as the Company has a single
reportable segment, inter-segment revenue is zero.
The Company’s major revenue-generating asset class comprises its aircraft fleet, which is flexibly
employed across the Company’s integrated route network and is directly attributable to its reportable segment
operations. In addition, as the Company is managed as a single business unit, all other assets and liabilities have
been allocated to the Company’s single reportable segment.
There have been no changes to the basis of segmentation or the measurement basis for the segment
profit or loss since March 31, 2009.
Reportable segment information is presented as follows:
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
1M 1M 1M
External revenues ................................................................
.............
2,988.1 2,942.0 2,713.8
Reportable segment adjusted profit after income tax
....................
318.8 104.9 492.9
Other segment information:
Depreciation(i)................................................................
....................
(235.4) (204.5) (165.4)
Finance income................................................................
...................
23.5 75.5 83.9
Finance expense................................................................
..................
(72.1) (130.5) (97.1)
Capital expenditure................................................................
.............
(997.8) (656.6) (962.9)
(i) Excludes accelerated depreciation (see below)
At March 31,
2010
At March 31,
2009
At March 31,
2008
1M 1M 1M
Reportable segment assets(ii) ................................
.............................
7,447.2 6,294.7 6,016.1
(ii) Excludes the available-for-sale financial asset.
Reconciliation of reportable segment profit or loss to consolidated profit after income tax is as follows:
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
1M 1M 1M
Total adjusted profit or loss for reportable segment
............................
318.8 104.9 492.9
Other items of profit or loss
Loss on impairment of available-for-sale financial asset
....................
(13.5) (222.5) (91.6)
Accelerated depreciation on property, plant and equipment
...............
- (51.6) (10.6)
Consolidated profit/(loss) after income tax................................
.....
305.3 (169.2) 390.7