Ryanair 2012 Annual Report Download - page 169

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169
The expected timing of the outflows of economic benefits associated with the provision at March 31,
2012, 2011 and 2010 are as follows:
At March 31,
2012
2011
2010
€M
€M
€M
b) Provision for pension obligation
At beginning of year ................................................................................................
4.9
10.3
10.1
Movement during the year .............................................................................................
7.0
(5.4)
0.2
At end of year ................................................................................................
11.9
4.9
10.3
The present value of the net pension obligation before tax is €11.9 million (2011: €4.9 million; 2010: €10.3
million) in Ryanair Limited. See Note 21 to the consolidated financial statements for further details.
14 Other creditors
This consists of deferred gains arising from the sale and leaseback of aircraft. During fiscal year 2012,
Ryanair returned 3 sale-and-leaseback aircraft and entered into sale-and-leaseback arrangements for 11 (2011: 6;
2010: 12) new Boeing 737-800 ―next generation‖ aircraft, bringing total sale-and-leaseback aircraft to 59 as at
March 31, 2012.
15 Issued share capital, share premium account and share options
(a) Share capital
At March 31,
2012
2011
2010
€M
€M
€M
Authorised:
1,680,000,000 ordinary equity shares of 0.635 euro cent each ................................
10.7
10.7
10.7
Allotted, called-up and fully paid:
1,455,593,261 ordinary equity shares of 0.635 euro cent each ................................
9.3
-
-
1,489,574,915 ordinary equity shares of 0.635 euro cent each ................................
-
9.5
-
1,478,935,935 ordinary equity shares of 0.635 euro cent each ................................
-
-
9.4
Carrying
Value
2013
2014
2015
2016
Thereafter
€M
€M
€M
€M
€M
€M
At March 31, 2012
Provision for leased aircraft
maintenance
91.3
4.3
44.3
8.0
14.9
19.8
Carrying
Value
2012
2013
2014
2015
Thereafter
At March 31, 2011
€M
€M
€M
€M
€M
€M
Provision for leased aircraft
maintenance
84.7
10.8
13.4
30.5
10.4
19.6
Carrying
Value
2011
2012
2013
2014
Thereafter
At March 31, 2010
€M
€M
€M
€M
€M
€M
Provision for leased aircraft
maintenance
92.6
36.2
7.6
9.5
22.4
16.9