Ryanair 2012 Annual Report Download - page 136

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136
Consolidated Statements of Cash Flows
Year ended
March 31,
2012
Year ended
March 31,
2011
Year ended
March 31,
2010
€M
€M
€M
Operating activities
Profit before tax .............................................................................................
633.0
420.9
341.0
Adjustments to reconcile profit before tax
to net cash provided by operating activities
Depreciation................................................................................................
309.2
277.7
235.4
Increase in inventories ...................................................................................
(0.1)
(0.2)
(0.4)
Increase in trade receivables ..........................................................................
(0.9)
(6.3)
(2.5)
Decrease/(increase) in other current assets ....................................................
34.5
(20.9)
11.6
Increase/(decrease) in trade payables .............................................................
30.4
(3.2)
21.3
Increase in accrued expenses .........................................................................
11.6
135.0
189.7
Increase/(decrease) in other creditors ............................................................
19.7
(10.0)
30.1
Increase/(decrease) in maintenance provisions .............................................
6.6
(7.9)
30.7
Gain on disposal of property, plant and equipment........................................
(10.4)
-
(2.0)
Loss on impairment of available-for-sale financial asset ...............................
-
-
13.5
Decrease/(increase) in interest receivable ......................................................
-
1.6
(1.2)
Increase/(decrease) in interest payable...........................................................
1.1
2.3
(0.5)
Retirement costs ............................................................................................
(0.1)
(0.1)
(0.1)
Share-based payments ...................................................................................
(0.7)
3.3
4.9
Income tax paid .............................................................................................
(13.6)
(5.9)
-
Net cash provided by operating activities ..................................................
1,020.3
786.3
871.5
Investing activities
Capital expenditure (purchase of property, plant and equipment)……
(317.6)
(897.2)
(997.8)
Proceeds from sale of property, plant and equipment ................................
27.2
-
89.2
Decrease in restricted cash .............................................................................
7.8
24.9
223.8
Decrease/(increase) in financial assets: cash > 3 months ...............................
97.2
398.3
(864.3)
Net cash used in investing activities............................................................
(185.4)
(474.0)
(1,549.1)
Financing activities
Shares purchased under share buy-back programme ................................
(124.6)
-
-
Net proceeds from shares issued ................................................................
7.1
27.4
14.5
Dividend paid ................................................................................................
-
(500.0)
-
Proceeds from long term borrowings .............................................................
292.3
991.4
788.1
Repayments of long term borrowings ............................................................
(329.7)
(280.7)
(230.3)
Net cash (used in)/provided by financing activities ...................................
(154.9)
238.1
572.3
Increase/(decrease) in cash and cash equivalents ......................................
680.0
550.4
(105.3)
Cash and cash equivalents at beginning of year .............................................
2,028.3
1,477.9
1,583.2
Cash and cash equivalents at end of year ..................................................
2,708.3
2,028.3
1,477.9
The accompanying notes are an integral part of the financial information.