Ryanair 2011 Annual Report Download - page 168

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166
At March 31,
2011 2010 2009
1M 1M 1M
(a) Provision for aircraft maintenance on operating leased aircraft
At beginning of year
................................
................................
................................
92.6
61.9
42.8
Increase in provision during the year
................................
................................
31.3
30.7
19.1
Utilisation of provision upon the hand-back of aircraft
................................
(39.2) - -
At end of year ................................................................
................................
84.7 92.6 61.9
During the 2011 fiscal year, the Company returned 10 aircraft held under operating lease to the lessors.
The Company incurred 139.2 million satisfying the requirement to return the aircraft to the lessor in accordance
with operating conditions specified in the lease agreements.
The expected timing of the outflows of economic benefits associated with the provision at March 31,
2011, 2010 and 2009 are as follows:
At March 31,
2011 2010 2009
1M 1M 1M
(b) Provision for pension obligation
At beginning of year ................................................................
................................
10.3 10.1 2.0
Movement during the year ................................................................
.............................
(5.4) 0.2 8.1
At end of year ................................................................
................................
4.9 10.3 10.1
Carrying
value
1M
2012
1M
2013
1M
2014
1M
2015
1M
Thereafter
1M
At March 31, 2011
Provision for leased aircraft
maintenance
84.7 10.8 13.4 30.5 10.4 19.6
Carrying
value
1M
2011
1M
2012
1M
2013
1M
2014
1M
Thereafter
1M
At March 31, 2010
Provision for leased aircraft
maintenance
92.6 36.2 7.6 9.5 22.4 16.9
Carrying
value
1M
2011
1M
2012
1M
2013
1M
2014
1M
Thereafter
1M
At March 31, 2009
Provision for leased aircraft
maintenance
61.9 14.5 13.8 8.4 14.4 10.8