Ryanair 2011 Annual Report Download - page 128
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126
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, 2011, 2010 and 2009:
Year ended March 31,
2011 2010 2009
(millions)
Audit fees
................................
..................
10.4
10.5
10.5
Tax fees ..................................................... 10.4
10.3
10.3
Total fees ................................................... 10.8
10.8
10.8
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.
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.
Audit Committee Pre-Approval Policies and Procedures
The audit committee expressly pre-approves every engagement of Ryanair’s independent auditors for
all audit and non-audit services provided to the Company.
Item 16D. Exemptions from the Listing Standards for Audit Committees
None.
Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers
None.
Item 16F. Change in Registrant’s Certified Accountant
Not applicable.
Item 16G. Corporate Governance
See “Item 6. Directors, Senior Management and Employees—Directors—Exemptions from NASDAQ
Corporate Governance Rules” for further information regarding the ways in which the Company’s corporate
governance practices differ from those followed by domestic companies listed on NASDAQ.