Ryanair 2008 Annual Report Download - page 77

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77
16 Retained earnings and other equity movements Other reserves
Ordinary
shares
Share
premium
account
Retained
earnings
Capital
redemption
reserve
Other
Reserves Total
1000 1000 1000 1000 1000 1000
Balance at March 31, 2006 ................................
..........................
9,790 596,231 1,467,623 - (81,659) 1,991,985
Issue of ordinary equity shares (net of issue costs)
........................
32 11,202 - - - 11,234
Effective portion of changes in fair value of cash flow hedges
......
- - - - 79,025 79,025
Net change in fair value of cash flow hedges transferred to the
profit and loss ................................................................
................
- - - - (32,920) (32,920)
Net movements into cash flow hedge reserve
................................
- - - - 46,105 46,105
Net change in fair value of available for sale asset
........................
- - - - 48,926 48,926
Share based payments................................................................
....
- - - - 3,935 3,935
Retirement benefits................................................................
........
- - 1,988 - - 1,988
Sub total - - 1,988 - 98,966 100,954
Profit for the year................................................................
...........
- - 435,600 - - 435,600
Balance at March 31, 2007 ................................
..........................
9,822 607,433 1,905,211 - 17,307 2,539,773
Issue of ordinary equity shares (net of issue costs)
.......................
21 8,382 - - - 8,403
Repurchase of ordinary equity shares ................................
............
- - (299,994) - - (299,994)
Creation of capital redemption reserve fund................................
..
(378) (23,054) - 23,432 - -
Effective portion of changes in fair value of cash flow hedges
......
-
-
-
-
(129,960)
(129,960)
Net change in fair value of cash flow hedges transferred to the
profit and loss ................................................................
................
-
-
-
-
26,768
26,768
Net movements into cash flow hedge reserve
................................
- - - - (103,192) (103,192)
Net (decrease) in fair value of available for sale financial asset
....
- - - - (140,495) (140,495)
Impairment of available for sale financial asset-
written off to profit and loss account ................................
.............
- - - - 91,569 91,569
Net change in fair value of available for sale asset
........................
- - - - (48,926) (48,926)
Share based payments................................................................
....
- - - - 10,925 10,925
Retirement benefits................................................................
........
- - 4,497 - - 4,497
Subtotal................................................................
..........................
(378) (23,054) (295,497) 23,432 (141,193) (436,690)
Profit for the year ................................................................
........
- - 390,708 - - 390,708
Balance at March 31, 2008 ................................
..........................
9,465 592,761 2,000,422 23,432 (123,886) 2,502,194
The total share based payments reserve at March 31, 2008 was 118.3m (2007: 17.3m) and the total cash
flow hedge reserve amounted to 1142.2m (negative) at March 31, 2008 (2007: 139.0m negative). The total
available for sale reserve amounted to nil at March 31, 2008 (2007: 148.9m). Further details of the Group’s
derivatives are set out in notes 5 and 11.