Aer Lingus 2014 Annual Report Download - page 106

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104
Derivative Financial Liabilities
As at 31 December 2014
Related Amounts Not Offset
Gross amounts
of recognised
financial
liabilities
Gross amounts
of recognised
financial assets
set off in the
balance sheet
Net amounts of
financial
liabilities
presented in
the balance
sheet
Financial
instruments
Cash
Collateral
Pledged
Net Amount
€'000's
€'000's
€'000's
€'000's
€'000's
€'000's
Derivative Financial Liabilities
118,434
-
118,434
(21,926)
-
96,508
As at 31 December 2013
Related Amounts Not Offset
Gross amounts
of recognised
financial
liabilities
Gross amounts
of recognised
financial assets
set off in the
balance sheet
Net amounts of
financial
liabilities
presented in
the balance
sheet
Financial
instruments
Cash
Collateral
Pledged
Net Amount
€'000's
€'000's
€'000's
€'000's
€'000's
€'000's
Derivative Financial Liabilities
14,489
-
14,489
(4,664)
-
9,825
6 Revenue
2014
2013
€'000
€'000
Passenger revenue
1,280,962
1,170,614
Retail revenue
186,947
181,444
Cargo revenue
46,293
43,639
Other revenue
42,676
29,418
1,556,878
1,425,115
7 Segment information
Based on the way the Group manages the network and the manner in which resource allocation decisions are made, the Group considers that
its operating segments comprise its routes on which passengers and cargo are transported. Having assessed the aggregation criteria contained
in IFRS 8, Operating Segments, and considering how the Group manages its business and allocates resources, the Group has determined that
it has one reportable segment. In particular the Group is managed as a single business unit that provides air transportation for passengers and
cargo, which allows the Group to benefit from an integrated revenue pricing and route network. The Group’s flight equipment is deployed
through a single route scheduling system. When making resource allocation decisions, the chief operating decision maker (the Group CEO)
evaluates route profitability data, which considers passengers flown across the network, aircraft type and route economics.
Total segment assets exclude investment in joint venture, deferred tax, loans and receivables, deposits and cash and cash equivalents, all of
which are managed on a central basis. These are part of the reconciliation to total assets shown in the statement of financial position.
Segment revenue of €1,556.9 million (2013: €1,425.1 million) is wholly derived from external customers. Of this figure, the amount
attributable to customers within Ireland was €798.9 million (2013: €782.9 million). Depreciation and amortisation of €90.0 million (2013:
€82.9 million) is included in the operating profit reviewed by the chief operating decision maker.
The chief operating decision maker assesses operating segment performance based on a measure of adjusted operating profit before net
exceptional items. This measure excludes franchise results, ACMI contract flying business, and post close adjustments arising from the
finalisation of the financial statements. Finance income and expense, and share of result of joint venture, are not included in the segmental
results reviewed by the chief operating decision maker.
A reconciliation of the reportable segment’s operating result as reviewed by the chief operating decision maker to the Group’s results as
reported in the Income Statement is as follows: