Ryanair 2012 Annual Report Download - page 172

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There have been no changes to the basis of segmentation or the measurement basis for the segment
profit or loss since the prior year.
Reportable segment information is presented as follows:
Year ended
March 31,
2012
Year ended
March 31,
2011
Year ended
March 31,
2010
€M
€M
€M
External revenues ................................................................................................
4,390.2
3,629.5
2,988.1
Reportable segment adjusted profit after income tax ................................
502.6
400.7
318.8
Other segment information:
Depreciation ................................................................................................
(309.2)
(277.7)
(235.4)
Finance income ................................................................................................
44.3
27.2
23.5
Finance expense ................................................................................................
(109.2)
(93.9)
(72.1)
Capital expenditure ................................................................................................
(317.6)
(897.2)
(997.8)
At March 31,
2012
At March 31,
2011
At March 31,
2010
€M
€M
€M
Reportable segment assets (i)................................................................
8,851.3
8,482.0
7,447.2
(i) Excludes the available-for-sale financial asset.
Reconciliation of reportable segment profit or loss to consolidated profit after income tax is as follows:
Year ended
March 31,
2012
Year ended
March 31,
2011
Year ended
March 31,
2010
€M
€M
€M
Total adjusted profit or loss for reportable segment ................................
502.6
400.7
318.8
Other items of profit or loss;
One-off revenue adjustment (a) ................................................................
57.8
-
-
Icelandic volcanic ash related cost (b) ................................................................
-
(26.1)
-
Loss on impairment of available-for-sale financial asset (c) ................................
-
-
(13.5)
Consolidated profit/(loss) after income tax .......................................
560.4
374.6
305.3
(a) The exceptional item in the year relates to a one-off release of ticket sales revenue in the year ended March 31,
2012 of €57.8 million, net of tax, due to a change in accounting estimates relating to the timing of revenue
recognition for unused passenger tickets which was made as a result of the availability of more accurate and
timely data obtained through system enhancements.
(b) Icelandic volcanic ash related costs of €26.1 million reflect the estimated costs relating to the closure of airspace
in April and May 2010 due to the Icelandic volcanic ash disruptions. The closure of European airspace in April
and May 2010, due to the Icelandic volcanic ash disruption, resulted in the cancellation of 9,400 Ryanair flights.
The impact on the Group‘s operating results totaled €29.7 million, (before associated tax of €3.6 million) for the
year ended March 31, 2011, comprising €15.6 million of operating expenses and €1.7 million of finance
expenses attributable to the period of flight disruption, together with estimated passenger compensation costs of
€12.4 million pursuant to Regulation (EC) No. 261/2004 (‗EU261‘). The Company‘s estimate of total passenger
compensation costs has been determined based on actual claims received and processed to date together with
probable future compensation payments and other related costs.
(c) This reflects the impairment change taken on the Company‘s investment in Aer Lingus in 2010.