Ryanair 2009 Annual Report Download - page 25

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Presentation of Financial and Certain Other Information
As used herein, the term “Ryanair Holdings” refers to Ryanair Holdings plc. The term the “Company”
refers to Ryanair Holdings or Ryanair Holdings together with its consolidated subsidiaries, as the context
requires. The term “Ryanair” refers to Ryanair Limited, a wholly owned subsidiary of Ryanair Holdings,
together with its consolidated subsidiaries, unless the context requires otherwise. The term “fiscal year” refers to
the 12-month period ended on March 31 of the quoted year. All references to “Ireland” herein are references to
the Republic of Ireland. All references to the “U.K.” herein are references to the United Kingdom and all
references to the “United States” or “U.S.” herein are references to the United States of America. References to
“U.S. dollars,” “dollars,” “$” or “U.S. cents” are to the currency of the United States, references to “U.K. pound
sterling,” “U.K. £” and “£” are to the currency of the U.K. and references to “€,” “Euro,” “Euros” and “Euro
cents” are to the Euro, the common currency of sixteen member states of the European Union (the “EU”),
including Ireland. Various amounts and percentages set out in this annual report have been rounded and
accordingly may not total.
The Company owns or otherwise has rights to the trademark Ryanair® in certain jurisdictions. See
“Item 4. Information on the Company—Trademarks.” This report also makes reference to trade names and
trademarks of companies other than the Company.
The Company publishes its annual and interim consolidated financial statements in accordance with
International Financial Reporting Standards as issued by the International Accounting Standards Board
(“IASB”). Additionally, in accordance with its legal obligation to comply with the International Accounting
Standards Regulation (EC 1606 (2002)), which applies throughout the EU, the consolidated financial statements
of the Company must comply with International Financial Reporting Standards as adopted by the EU.
Accordingly, the Company’s consolidated financial statements and the selected IFRS financial data included
herein comply with International Financial Reporting Standards as issued by the IASB and also International
Financial Reporting Standards as adopted by the EU, in each case as in effect for the year ended and as at March
31, 2009 (collectively referred to as “IFRS” throughout).
The Company publishes its consolidated financial statements in Euro. Solely for the convenience of the
reader, this report contains translations of certain Euro amounts into U.S. dollars at specified rates. These
translations should not be construed as representations that the converted amounts actually represent such U.S.
dollar amounts or could be converted into U.S. dollars at the rates indicated or at any other rate. Unless
otherwise indicated, such U.S. dollar amounts have been translated from Euro at a rate of €1.00=$1.3261, or
$1.00=€0.7541, the official rate published by the U.S. Federal Reserve Board in its weekly “H.10” release (the
“Federal Reserve Rate”) on March 31, 2009. The Federal Reserve Rate for Euro on July 24, 2009 was
€1.00=$1.4213 or $1.00=€0.7036. See “Item 3. Key Information—Exchange Rates” for information regarding
historical rates of exchange relevant to the Company, and “Item 5. Operating and Financial Review and
Prospects” and “Item 11. Quantitative and Qualitative Disclosure About Market Risk” for a discussion of the
effects of changes in exchange rates on the Company.