Ryanair 2005 Annual Report Download - page 11

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2 Financial Highlights
4 Chairman’s Report
5 Chief Executive’s Report
8 Operating & Financial Review
14 Directors’ Report
20 Directors
21 Social, Environmental and Ethical Report
23 Report of the Remuneration Committee to the Board
24 Statement of Directors’ Responsibilities
24 Independent Auditors’ Report to the Members of Ryanair Holdings plc
26 Statement of Accounting Policies
29 Consolidated Balance Sheet
30 Consolidated Profit & Loss Account
31 Consolidated Cash Flow Statement
32 Consolidated Statement of Changes in Shareholders’ Funds - equity
33 Company Balance Sheet
34 Notes Forming Part of the Consolidated Financial Statements
63 Summary of Differences between Irish, UK and US GAAP
74 Directors and Other Information
75 Principal changes under IFRS
CONTENTS
1
ANNUAL REPORT & FINANCIAL STATEMENTS 2005
Financial Statements
Certain of the information included in this release is forward looking and is subject to important risks and uncertainties that could cause actual results to differ materially. It
is not reasonably possible to itemise all of the many factors and specific events that could affect the outlook and results of an airline operating in the European economy.
Among the factors that are subject to change and could significantly impact the group’s expected results are the airline pricing environment, fuel costs, competition from new
and existing carriers, market prices for replacement aircraft, costs associated with environmental, safety and security measures, actions of the Irish, UK, European Union
(“EU”) and other governments and their respective regulatory agencies, fluctuations in currency exchange rate and interest rates, airport access and charges, labour relations,
terrorist acts, the economic environment of the airline industry, the general economic environment in Ireland, the UK and Continental Europe, the general willingness of
passengers to travel and other economics, social and political factors.