Ryanair 2012 Annual Report Download - page 178
Download and view the complete annual report
Please find page 178 of the 2012 Ryanair annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189
-
190
-
191
-
192
-
193
-
194
 |
 |
178
The current life expectancies underlying the value of the scheme liabilities for the Irish scheme are as
follows:
At March 31,
2012
2011
2010
Retiring at age 60:
Male ...............................................................................................................................
26.6
26.5
26.3
Female ...........................................................................................................................
28.2
28.1
28.0
Retiring at age 65:
Male ...............................................................................................................................
22.3
22.2
22.0
Female ...........................................................................................................................
23.7
23.6
23.5
The current life expectancies underlying the value of the scheme liabilities for the UK scheme are as
follows:
At March 31,
2012
2011
2010
Retiring at age 60:
Male ...............................................................................................................................
26.4
26.7
26.5
Female ...........................................................................................................................
28.7
29.6
29.4
Retiring at age 65:
Male ...............................................................................................................................
21.9
21.7
21.6
Female ...........................................................................................................................
23.9
24.5
24.4
The amounts recognised in the consolidated balance sheets in respect of our defined benefit plans are
as follows:
At March 31,
2012
2011
2010
€M
€M
€M
Present value of benefit obligations ................................................................
(42.2)
(32.8)
(35.9)
Fair value of plan assets ................................................................................................
30.3
27.9
25.6
Present value of net obligations .....................................................................................
(11.9)
(4.9)
(10.3)
Related deferred tax asset ..............................................................................................
1.5
0.6
1.3
Net pension (liability) ................................................................................................
(10.4)
(4.3)
(9.0)
The amounts recognised in the consolidated income statements in respect of our defined-benefit plans
are as follows:
Year ended
March 31,
2012
Year ended
March 31,
2011
Year ended
March 31,
2010
€M
€M
€M
Included in payroll costs
Service cost .................................................................................................................
0.7
0.8
0.6
Included in finance expense
Interest on pension scheme liabilities ................................................................
1.9
1.9
1.7
Expected return on plan assets ....................................................................................
(2.0)
(1.8)
(1.2)
Net finance (income)/expense .....................................................................................
(0.1)
0.1
0.5
Net periodic pension cost ..........................................................................................
0.6
0.9
1.1