Ryanair 2012 Annual Report Download - page 87

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The following table sets forth the components of ancillary revenues earned by Ryanair and each
component expressed as a percentage of total ancillary revenues for each of the periods indicated:
Fiscal Year ended March 31,
2011
2010
(in millions of euro, except percentage data)
Non-flight Scheduled ..................
€574.2
71.6%
€493.5
74.4%
In-flight Sales ..............................
€100.7
12.6%
€86.5
13.0%
Internet-related ............................
€126.7
15.8%
€83.6
12.6%
Total ............................................
€801.6
100.0%
€663.6
100.0%
Operating expenses. As a percentage of total revenues, Ryanair‘s operating expenses remained
unchanged at 86.5% in the 2011 fiscal year as compared to the 2010 fiscal year, as the impact of the increase in
total revenues was offset by a corresponding increase in operating expenses. In absolute terms, total operating
expenses increased 21.5%, from €2,586.0 million in the 2010 fiscal year to €3,141.30 million in the 2011 fiscal
year, principally as a result of a 37.3% increase in fuel costs from €893.9 million in the 2010 fiscal year to
€1,227.0 million in the 2011 fiscal year. Staff costs, depreciation and amortization maintenance expenses,
aircraft rental expenses, route charges, airport handling charges and marketing, distribution and other costs
decreased as a percentage of total revenues, while fuel and oil increased. Total operating expenses per ASM
increased by 2.5%, with the increase reflecting, principally the increase in passenger capacity (as measured in
ASMs) during the 2011 fiscal year and the impact of the higher fuel costs.
The following table sets forth the amounts in euro cent of, and percentage changes in, Ryanair‘s
operating expenses (on a per-ASM basis) for the fiscal years ended March 31, 2011 and March 31, 2010 under
IFRS. These data are calculated by dividing the relevant expense amount (as shown in the consolidated financial
statements) by the number of ASMs in the relevant year as shown in the table of ―Selected Operating and Other
Data‖ in Item 3 and rounding to the nearest euro cent; the percentage change is calculated on the basis of the
relevant figures before rounding.
Fiscal Year
Ended
March 31,
2011
Fiscal Year
Ended
March 31,
2010
% Change
Staff costs ...............................................................................
0.59
0.63
(5.1)%
Depreciation ...........................................................................
0.44
0.44
(0.4)%
Fuel and oil .............................................................................
1.94
1.67
16.0%
Maintenance, materials and repairs ........................................
0.15
0.16
(7.3)%
Aircraft rentals .......................................................................
0.15
0.18
(14.8)%
Route charges .........................................................................
0.65
0.63
2.9%
Airport and handling charges .................................................
0.78
0.86
(9.7)%
Marketing, distribution and other ...........................................
0.26
0.27
(2.4)%
Total operating expenses ........................................................
4.96
4.84
2.5%
Staff costs. Ryanair‘s staff costs, which consist primarily of salaries, wages and benefits, decreased
5.1% on a per-ASM basis, while in absolute terms, these costs increased 12.3%, from €335.0 million in the 2010
fiscal year to €376.1 million in the 2011 fiscal year. The increase in absolute terms was primarily attributable to
a 14.7% increase in average headcount to 8,069, which was partially offset by the impact of a Company-wide
pay freeze then in effect, the higher proportion of contract crew operating during the year, and the rise, during
the year, in the proportion of cabin crew members who earn below-average salaries. Employee numbers rose
due to the growth of the business.
Depreciation and amortization. Ryanair‘s depreciation and amortization per ASM decreased by 0.4%,
while in absolute terms these costs increased 18.0% from €235.4 million in the 2010 fiscal year, to €277.7
million in the 2011 fiscal year. The increase was primarily attributable to the addition of 44 owned aircraft (net