Aer Lingus 2014 Annual Report Download - page 108

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106
9 Operating profit before net exceptional items
The operating profit before net exceptional items is stated after charging:
2014
2013
€'000
€'000
Depreciation on property, plant and equipment (Note 15)
- owned
48,395
31,753
- held under finance leases
35,174
47,678
Amortisation of intangible assets (Note 16)
6,383
3,496
Operating lease rentals payable
- aircraft
65,691
45,182
- property
7,786
6,926
Auditors' remuneration - Group (excluding Company)
- audit fee
330
330
- other assurance services
59
59
- tax advisory services
132
193
- other non audit services
380
220
Total auditors' remuneration - Group
901
802
Auditors' remuneration - Company
- audit fee
10
10
Total auditors' remuneration - Company
10
10
Directors' emoluments
2,384
2,748
Further information on Directors’ emoluments is included in the Report of the Remuneration Committee on Directors’ Remuneration on
pages 57 to 70.
10 Net exceptional items
Exceptional items are material, non-recurring items that derive from events or transactions that fall within the ordinary activities of the
Group and which individually or, if of a similar type, in aggregate, are separately disclosed by virtue of their size or incidence. The separate
reporting of exceptional items helps provide a more useful picture of the Group's underlying performance. An analysis of the amounts
presented as exceptional items in these financial statements is given below.
Exceptional items comprise:
2014
2013
€'000
€'000
Non-current assets (a)
-
1,943
Restructuring and termination cost (b)
(5,104)
(13,184)
Professional and legal fees (c)
(6,208)
(6,113)
IASS solution - once-off pension contribution (d)
(190,700)
-
Post retirement income streaming (e)
21,674
-
(180,338)
(17,354)
(a) Non-current assets
The gain in 2013 represents a profit on disposal of a spare engine (€2.2 million), net of a loss on disposal of other assets of €0.3 million. No
such disposals took place in 2014.
(b) Restructuring and termination costs
The 2014 net debit of €5.1 million (2013: debit of €13.2 million) is made up of €3.7 million (2013: €4.3 million) related to restructuring
costs and €1.4 million (2013: €8.9 million) related to termination costs (both explained in more detail below).