Ryanair 2011 Annual Report Download - page 160
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158
The maturity profile of the Company’s financial liabilities (excluding aircraft provisions, trade
payables and accrued expenses) at March 31, 2009 was as follows:
The following provides an analysis of changes in borrowings during the year:
At March 31,
2011 2010 2009
1M 1M 1M
Balance at start of year ................................................................
................................
2,956.2 2,398.4 2,266.5
Loans raised to finance aircraft acquisitions– denominated in euro
................................
751.2 788.1 459.0
Loans raised to finance aircraft acquisitions– denominated in USD
................................
240.2 - -
Repayments of amounts borrowed ................................................................
....................
(280.7) (230.3) (327.1)
Foreign exchange gain on conversion of US dollar loans ................................
.................
(17.5) - -
Balance at end of year ................................................................
................................
3,649.4 2,956.2 2,398.4
Less than one year ................................................................
................................
336.7 265.5 202.9
More than one year ................................................................
................................
3,312.7 2,690.7 2,195.5
3,649.4 2,956.2 2,398.4
Weighted
average
fixed rate
(%)
2010
1M
2011
1M
2012
1M
2013
1M
Thereafter
1M
Total
1M
Fixed rate
Secured long term-debt............... 5.81% 1.0 1.0 1.0 - - 3.0
Debt swapped from floating to
fixed......................................... 5.96% 63.3 64.8 66.4 68.0 214.6 477.1
Secured long-term debt after
swaps........................................ 5.96% 64.3 65.8 67.4 68.0 214.6 480.1
Finance leases.............................. 2.63% - - - - 187.0 187.0
Total fixed rate debt.................... 64.3 65.8 67.4 68.0 401.6 667.1
Floating rate
Secured long-term debt............... 170.9 176.4 182.3 188.4 1,089.6 1,807.6
Debt swapped from floating to
fixed......................................... (63.3) (64.8) (66.4) (68.0) (214.6) (477.1)
Secured long-term debt after
swaps........................................ 2.12% 107.6 111.6 115.9 120.4 875.0 1,330.5
Finance leases.............................. 2.63% 31.1 32.5 34.0 35.5 267.7 400.8
Total floating rate debt................ 2.20% 138.7 144.1 149.9 155.9 1,142.7 1,731.3
Total financial liabilities............. 203.0 209.9 217.3 223.9 1,544.3 2,398.4