Ryanair 2012 Annual Report Download - page 162

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162
The following provides an analysis of changes in borrowings during the year:
At March 31,
2012
2011
2010
€M
€M
€M
Balance at start of year ................................................................................................
3,649.4
2,956.2
2,398.4
Loans raised to finance aircraft acquisitions– denominated in euro ................................
292.3
751.2
788.1
Loans raised to finance aircraft acquisitions– denominated in USD ................................
-
240.2
-
Repayments of amounts borrowed ....................................................................................
(329.7)
(280.7)
(230.3)
Foreign exchange loss/(gain) on conversion of US dollar loans ................................
13.2
(17.5)
-
Balance at end of year ................................................................................................
3,625.2
3,649.4
2,956.2
Less than one year ................................................................................................
368.4
336.7
265.5
More than one year ................................................................................................
3,256.8
3,312.7
2,690.7
3,625.2
3,649.4
2,956.2
The maturities of the contractual undiscounted cash flows (including estimated future interest payments
on debt) of the Company‘s financial liabilities are as follows:
Total
Carrying
Value
Total
Contractual
Cash flows
2013
2014
2015
2016
Thereafter
€M
€M
€M
€M
€M
€M
€M
At March 31, 2012
Long term debt and finance
leases
-Fixed rate debt (excluding
Swapped debt) ....................
1,019.9
1,133.9
98.9
99.9
140.7
101.8
692.6
-Swapped to fixed rate debt
1,290.6
1,329.4
170.2
170.6
168.7
143.7
676.2
- Fixed rate debt ..................
3.49%
2,310.5
2,463.3
269.1
270.5
309.4
245.5
1,368.8
- Floating rate debt..............
1.85%
1,314.7
1,436.9
158.3
161.3
164.4
173.3
779.6
3,625.2
3,900.2
427.4
431.8
473.8
418.8
2,148.4
Derivative financial
instruments
- Interest rate swaps ...........
80.3
70.5
22.7
23.7
14.4
7.4
2.3
-Carbon swaps ....................
1.5
1.5
1.5
-
-
-
-
Trade payables ....................
181.2
181.2
181.2
-
-
-
-
Accrued expenses ...............
327.0
327.0
327.0
-
-
-
-
Total at March 31, 2012 .....
4,215.2
4,480.4
959.8
455.5
488.2
426.2
2,150.7
Total
Carrying
Value
Total
Contractual
Cash flows
2012
2013
2014
2015
Thereafter
€M
€M
€M
€M
€M
€M
€M
At March 31, 2011
Long term debt and finance
leases
- Fixed rate debt ..................
3.67%
2,043.6
2,237.8
237.0
235.8
236.0
273.0
1,256.0
- Floating rate debt..............
1.86%
1,605.8
1,747.6
170.0
173.2
176.3
179.4
1,048.7
3,649.4
3,985.4
407.0
409.0
412.3
452.4
2,304.7
Derivative financial
instruments
-U.S dollar currency
Forward contracts ...............
72.0
72.7
63.7
8.6
0.1
0.1
0.2
- Interest rate swaps ............
37.8
18.7
19.6
9.5
1.6
(2.8)
(9.2)
Trade payables ....................
150.8
150.8
150.8
-
-
-
-
Accrued expenses ...............
273.2
273.2
273.2
-
-
-
-
Total at March 31, 2011 .....
4,183.2
4,500.8
914.3
427.1
414.0
449.7
2,295.7