Aer Lingus 2013 Annual Report Download - page 136

Download and view the complete annual report

Please find page 136 of the 2013 Aer Lingus 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.

Page out of 148

  • 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

134
Company
Share based payment reserve
2013
€’000
2012
€’000
as restated
At 1 January
5,865
2,900
Exercise of LTIP awards
(3,607)
-
Share based payment reserve
4,057
2,965
At 31 December
6,315
5,865
32 Employee participation
Employee Share Ownership Trust (“ESOT”)
The ESOT holds 102,907 shares of Aer Lingus Group plc (0.02% of the issued share capital) (2012: 114,188 shares). These shares are either
unclaimed by beneficiaries or relate to deceased beneficiaries. The Trustee of the ESOT has approved the transfer of these shares as well as
some surplus monies also held by the ESOT to Aer Lingus Group plc. Following this transfer, the ESOT will be wound up. Aer Lingus
Group plc will then hold the shares in trust for the beneficiaries as treasury shares. This transfer is expected to occur during 2014.
33 Cash generated in operations
2013
2012
as restated
€’000
€’000
Profit before tax
39,558
40,395
Adjustments for:
- Depreciation and amortisation
82,927
79,453
- Net movements in provisions for liabilities and charges
(7,393)
3,147
- Net fair value losses on derivative financial instruments
(738)
28
- Share options and awards expense
(696)
3,389
- Finance income
(10,837)
(14,661)
- Finance expense
15,075
16,664
- Net exceptional items
(1,943)
(877)
- Share of losses of joint venture
(6)
190
- Other losses/(gains) – net
(14,483)
12,473
- Post employment benefit obligations
757
285
Changes in working capital
- Inventories
(304)
(742)
- Trade and other receivables
(16,761)
1,708
- Trade and other payables
15,932
(22,944)
Cash generated in operations
101,088
118,508
Company
2013
2012
€’000
€’000
Profit before tax
27
206
Adjustments for:
- Finance income
(31)
(207)
Cash used in operations
(4)
(1)