Ryanair 2011 Annual Report Download - page 134

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132
Consolidated Statement of Cash Flows
Year ended
March 31,
2011
Year ended
March 31,
2010
Year ended
March 31,
2009
1M 1M 1M
Operating activities
Profit/(loss) before tax ................................................................
...................
420.9 341.0 (180.5)
Adjustments to reconcile profit/(loss) before tax
to net cash provided by operating activities
Depreciation................................................................
................................
277.7
235.4
256.1
Increase in inventories ................................................................
...................
(0.2)
(0.4)
(0.1)
Increase in trade receivables
................................
................................
(6.3)
(2.5)
(7.6)
(Increase)/decrease in other
current assets
................................
.....................
(20.9)
11.6
73.8
(Decrease)/increase in trade payables ................................
............................
(3.2)
21.3
3.4
Increase in accrued expenses ................................
................................
135.0
189.7
13.3
(Decrease)/increase in other creditors ................................
............................
(10.0)
30.1 6.6
(Decrease)/increase in maintenance provisions ................................
.............
(7.9)
30.7
19.0
Gain on disposal of property, plant and equipment
................................
-
(2.0)
-
Loss on impairment of available-for-sale financial asset
...............................
-
13.5
222.5
Decrease/(increase) in interest receivable ................................
......................
1.6
(1.2)
4.8
Increase/(decrease) in interest payable................................
...........................
2.3
(0.5)
(3.5)
Retirement costs ................................................................
............................
(0.1)
(0.1) (0.3)
Share-based payments ................................................................
...................
3.3
4.9
3.8
Income tax (paid)/refunded ................................................................
............
(5.9)
- 1.9
Net cash provided by operating activities
................................
..................
786.3 871.5 413.2
Investing activities
Capital expenditure (purchase of property, plant and equipment)……
(897.2)
(997.8)
(702.0)
Proceeds from sale of property, plant and equipment
................................
-
89.2
314.2
Purchase of equities classified as available for sale
................................
-
-
(4.2)
Decrease in restricted cash ................................................................
.............
24.9
223.8
0.8
Decrease/(increase) in financial assets: cash > 3 months
...............................
398.3 (864.3) 2.9
Net cash used in investing activities
................................
............................
(474.0) (1,549.1) (388.3)
Financing activities
Shares purchased under share buy-back programme
................................
-
-
(46.0)
Net proceeds from shares issued ................................
................................
27.4
14.5
1.6
Dividend paid ................................................................
................................
(500.0) - -
Proceeds from long term borrowings ................................
.............................
991.4
788.1
459.0
Repayments of long term borrowings ................................
............................
(280.7) (230.3) (327.1)
Net cash provided by financing activities
................................
...................
238.1 572.3 87.5
Increase/(decrease) in cash and cash equivalents
................................
......
550.4 (105.3) 112.4
Cash and cash equivalents at beginning of year ................................
.............
1,477.9 1,583.2 1,470.8
Cash and cash equivalents at end of year
................................
..................
2,028.3 1,477.9 1,583.2
The accompanying notes are an integral part of the financial information.