Ryanair 2012 Annual Report Download - page 147

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147
Aircraft
Hangar and
Buildings
Plant and
Equipment
Fixtures
and
Fittings
Motor
Vehicles
Total
€M
€M
€M
€M
€M
€M
Year ended March 31, 2011
Cost
At March 31, 2010 ................................
5,069.6
39.2
16.4
23.7
2.2
5,151.1
Additions in year ................................
883.6
7.4
2.7
3.5
-
897.2
At March 31, 2011 ................................
5,953.2
46.6
19.1
27.2
2.2
6,048.3
Depreciation
At March 31, 2010 ................................
794.4
8.9
12.3
19.4
1.9
836.9
Charge for year ................................
270.7
2.2
2.5
2.2
0.1
277.7
At March 31, 2011 ................................
1,065.1
11.1
14.8
21.6
2.0
1,114.6
Net book value
At March 31, 2011 ................................
4,888.1
35.5
4.3
5.6
0.2
4,933.7
Aircraft
Hangar and
Buildings
Plant and
Equipment
Fixtures
and
Fittings
Motor
Vehicles
Total
€M
€M
€M
€M
€M
€M
Year ended March 31, 2010
Cost
At March 31, 2009 ................................
4,220.5
38.5
15.2
20.2
2.1
4,296.5
Additions in year ................................
992.3
0.7
1.2
3.5
0.1
997.8
Disposals in year ................................
(143.2)
-
-
-
-
(143.2)
At March 31, 2010 ................................
5,069.6
39.2
16.4
23.7
2.2
5,151.1
Depreciation
At March 31, 2009 ................................
618.3
7.0
9.9
14.8
1.7
651.7
Charge for year ................................
226.3
1.9
2.4
4.6
0.2
235.4
Eliminated on disposals ................................
(50.2)
-
-
-
-
(50.2)
At March 31, 2010 ................................
794.4
8.9
12.3
19.4
1.9
836.9
Net book value
At March 31, 2010 ................................
4,275.2
30.3
4.1
4.3
0.3
4,314.2
At March 31, 2012, aircraft with a net book value of €4,856.0 million (2011: €4,718.7 million; 2010:
€3,863.0 million) were mortgaged to lenders as security for loans. Under the security arrangements for the
Company‘s new Boeing 737-800 ―next generation‖ aircraft, the Company does not hold legal title to those
aircraft while these loan amounts remain outstanding.
At March 31, 2012, the cost and net book value of aircraft includes €110.5 million (2011: €194.2
million; 2010: €397.8 million) in respect of advance payments on aircraft. This amount is not depreciated. The
cost and net book value also includes capitalised aircraft maintenance, aircraft simulators and the stock of
rotable spare parts.
The net book value of assets held under finance leases at March 31, 2012, 2011 and 2010 was €607.5
million, €635.1 million and €422.8 million respectively.
Sale proceeds of €27.2 million were generated from the disposal of spare engines during the year. In
fiscal year 2010, €89.2 million in sales proceeds comprised €65.6 million from the sale of three aircraft and
€23.6 million in respect of the sale of spare engines and insurance proceeds from an aircraft damaged by a bird
strike in 2009.
There were no Boeing 737-800 aircraft disposed of during the year (2011: nil; 2010: 3). There is no
agreement to dispose of further aircraft at future dates.
During the 2012 fiscal year, no accelerated depreciation (2011: nil; 2010: nil) arose in relation to
aircraft disposals or agreements to dispose of aircraft at future dates.