Ryanair 2008 Annual Report Download - page 1

Download and view the complete annual report

Please find page 1 of the 2008 Ryanair 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 96

  • 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

CONTENTS
2 Financial Highlights
4 Chairman’s Report
6 Chief Executive’s Report
11 Operating and Financial Review
20 Directors’ Report
29 Directors
31 Social, Environmental and Ethical Report
35 Report of the Remuneration Committee to the Board
36 Statement of Directors’ Responsibilities
38 Independent Auditor’s Report to the Members of Ryanair Holdings plc
41 Consolidated Balance Sheet
42 Consolidated Income Statement
43 Consolidated Cash Flow Statement
44 Consolidated Statement of Recognised Income and Expense
45 Notes Forming Part of the Consolidated Financial Statements
90 Company Balance Sheet
91 Company Cash Flow Statement and Statement of Recognised Income and Expense
92 Notes Forming Part of the Company Financial Statements
95 Directors and Other Information
Certain information included in these statements are forward looking and are subject to certain 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 on 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, the availability
and cost of fuel, competition from new and existing carriers, market places for replacement aircraft, costs of compliance with
environmental issues and emission standards, safety and security measures, actions of the Irish, UK, European Union (“EU”) and
other Governments and their respective regulatory agencies, fluctuations in currency exchange rates 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 economic,
social and political factors.

Page 1 highlights