Ryanair 2011 Annual Report Download - page 151
Download and view the complete annual report
Please find page 151 of the 2011 Ryanair annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
 |
 |
149
The following table indicates the amounts that were reclassified from other comprehensive income into
the income statement, analysed by income statement category, in respect of cash-flow hedges realised during the
year:
Year ended March 31,
2011 2010 2009
1M 1M 1M
Commodity forward contracts
Recognised in fuel and oil operating expenses, net of tax
................................
(39.5) (20.2) (94.7)
Interest rate swaps
Recognised in finance expense, net of tax ................................
................................
21.2 (32.9) (10.5)
Foreign currency forward contracts
Recognised in fuel and oil operating expenses, net of tax
................................
3.5 2.3 (10.4)
(14.8) (50.8) (115.6)
The following table indicates the amounts that were reclassified from other comprehensive income into
the capitalised cost of aircraft additions within property, plant and equipment, in respect of cash-flow hedges
realised during the year:
Year ended March 31,
2011 2010 2009
1M 1M 1M
Foreign currency forward contracts
Recognised in property plant and equipment – aircraft additions
................................
(15.2) (16.7) (1.0)
(15.2) (16.7) (1.0)
The following tables indicate the periods in which cash flows associated with derivatives that are
designated as cash-flow hedges were expected to occur, as of March 31, 2011, 2010 and 2009:
Carrying
Amount
Expected
Cash
Flows 2012 2013 2014 2015 Thereafter
1M 1M 1M 1M 1M 1M 1M
At March 31, 2011
Interest rate swaps
................................
(37.8) (18.7)
(19.6)
(9.5)
(1.6)
2.8
9.2
U.S. dollar currency forward
contracts ................................
................................
(72.0)
(72.7)
(63.7)
(8.6)
(0.1)
(0.1)
(0.2)
Commodity forward contracts
................................
383.8
383.8
383.8
-
-
-
-
274.0 292.4 300.5 (18.1) (1.7) 2.7 9.0
Carrying
Amount
Expected
Cash
Flows 2011 2012 2013 2014 Thereafter
1M 1M 1M 1M 1M 1M 1M
At March 31, 2010
Interest rate swaps
................................
(76.4) (149.2) (44.2) (37.8) (23.9) (17.8) (25.5)
U.S. dollar currency forward
contracts ................................
................................
99.8 107.9 83.4 24.4 0.1 - -
U.K. pounds sterling currency
forward contracts
................................
3.0
3.0
3.0
-
-
-
-
Commodity forward contracts
................................
42.6
42.6
42.6
-
-
-
-
69.0 4.3 84.8 (13.4) (23.8) (17.8) (25.5)