Ryanair 2016 Annual Report Download - page 44

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Presentation of Financial and Certain Other Information
As used herein, the term “Ryanair Holdings” refers to Ryanair Holdings plc. The term the “Company” refers to
Ryanair Holdings or Ryanair Holdings together with its consolidated subsidiaries, as the context requires. The term
“Ryanair” refers to Ryanair Limited, a wholly owned subsidiary of Ryanair Holdings, together with its consolidated
subsidiaries, unless the context requires otherwise. The term “fiscal year” refers to the 12-month period ended on March
31 of the quoted year. The term “Ordinary Shares” refers to the outstanding par value 0.600 euro cent per share common
stock of the Company. All references to “Ireland” herein are references to the Republic of Ireland. All references to the
“U.K.” herein are references to the United Kingdom and all references to the “United States” or “U.S.” herein are references
to the United States of America. References to “U.S. dollars,” “dollars,” “$” or “U.S. cents” are to the currency of the
United States, references to “U.K. pound sterling,” “U.K. £” and “£” are to the currency of the U.K. and references to “€,”
“euro,” “euros” and “euro cent” are to the euro, the common currency of nineteen member states of the European Union
(the “E.U.”), including Ireland. Various amounts and percentages set out in this annual report on Form 20-F have been
rounded and accordingly may not total.
The Company owns or otherwise has rights to the trademark Ryanair® in certain jurisdictions. See “Item 4.
Information on the Company—Trademarks.” This report also makes reference to trade names and trademarks of companies
other than the Company.
The Company publishes its annual and interim consolidated financial statements in accordance with International
Financial Reporting Standards as issued by the International Accounting Standards Board (“IASB”). Additionally, in
accordance with its legal obligation to comply with the International Accounting Standards Regulation (EC 1606 (2002)),
which applies throughout the E.U., the consolidated financial statements of the Company must comply with International
Financial Reporting Standards as adopted by the E.U. Accordingly, the Company’s consolidated financial statements and
the selected financial data included herein comply with International Financial Reporting Standards as issued by the IASB
and also International Financial Reporting Standards as adopted by the E.U., in each case as in effect for the year ended
and as of March 31, 2016 (collectively referred to as “IFRS” throughout).
The Company publishes its consolidated financial statements in euro. Solely for the convenience of the reader,
this report contains translations of certain euro amounts into U.S. dollars at specified rates. These translations should not
be construed as representations that the converted amounts actually represent such U.S. dollar amounts or could be
converted into U.S. dollars at the rates indicated or at any other rate. Unless otherwise indicated, such U.S. dollar amounts
have been translated from euro at a rate of €1.00 = $1.1390, or $1.00 = €0.8780, the official rate published by the U.S.
Federal Reserve Board in its weekly “H.10” release (the “Federal Reserve Rate”) on March 31, 2016. The Federal Reserve
Rate for euro on July 21, 2016 was €1.00 = $1.1016 or $1.00 = €0.9078. See “Item 3. Key Information—Exchange Rates”
for information regarding historical rates of exchange relevant to the Company, and “Item 5. Operating and Financial
Review and Prospects” and “Item 11. Quantitative and Qualitative Disclosures About Market Risk” for a discussion of the
effects of changes in exchange rates on the Company.