annual report 2009 - Aer Lingus

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44 Independent Auditors’ Report Aer Lingus Group Plc – Annual Report 2009Independent Auditors’ Report [continued]Basis of audit opinionWe concluded our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board.An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. Is also includesan assessment of the significant estimates and judgements made by the Directors in the preparation of the financial statements, and of whetherthe accounting policies are appropriate to the Group’s and Company’s circumstances, consistently applied and adequately disclosed.We planned and performed our audit so as to obtain all the information and explanations we considered necessary in order to provide uswith sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused byfraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in thefinancial statements.OpinionIn our opinion:• the Group financial statements give a true and fair view, in accordance with IFRSs as adopted by the European Union, of the stateof the Group’s affairs as at 31 December 2009 and of its loss and cash flows for the year then ended;• the Company’s financial statements give a true and fair view, in accordance with IFRSs as adopted by European Union as appliedin accordance with the provisions of the Companies Acts 1963 to 2009, of the state of the Company’s affairs as at 31 December 2009;• the financial statements have been properly prepared in accordance with the Companies Acts, 1963 to 2009 and Article 4 of the IASRegulation.We have obtained all the information and explanations, which we consider necessary for the purposes of our audit. In our opinion properbooks of account have been kept by the Company. The Company statement of financial position is in agreement with the books of account.In our opinion the information given in the Director’s report is consistent with the financial statements.The net assets of the Company, as stated in the Company statement of financial position are more than half of the amount of its called-upshare capital and, in our opinion, on that basis there did not exist at 31 December 2009 a financial situation which under Section 40 (1) ofthe Companies (Amendment) Act, 1983 would require the convening of an Extraordinary General Meeting of the Company.PricewaterhouseCoopersChartered Accountants and Registered AuditorsDublin28 April 2010
Financial Statements Aer Lingus Group Plc – Annual Report 200945Consolidated Income StatementYear ended 31 DecemberNote 2009 2008 1€’000 €’000Revenue 6 1,205,739 1,354,994Operating expensesStaff costs, pre net exceptional items11312,192334,300Depreciation and amortisation8, 14, 1582,67471,865Aircraft operating lease costs55,84551,270Fuel and oil costs331,657401,341Maintenance expenses70,45174,412Airport charges251,993242,903En-route charges59,00157,298Distribution charges45,45849,421Ground operations, catering and other operating costs101,734100,992Other (gains)/losses – net7(24,248)(8,796)1,286,757 1,375,006Operating loss before net exceptional items8(81,018)(20,012)Net exceptional items9(88,630)(140,888)Operating loss after net exceptional items(169,648)(160,900)Finance income1036,90060,860Finance costs10(22,098)(22,018)Loss before taxIncome tax credit 12(154,846)24,765(122,058)12,176Loss for the period (130,081) (109,882)Loss attributable to:– equity holders of the parent (130,081) (109,882)Loss per share for loss attributable to the equity holders of the parent(expressed in € cent per share)– basic and diluted 13 (24.6) (20.7)1 Comparatives have been restated following the adoption of IFRIC 13 Customer Loyalty Programmes.The notes on pages 52 to 89 form an integral part of these financial statements.Colm BarringtonChairmanChristoph MuellerDirectorApproved by the Board of Directors on 28 April 2010.
Page 1 and 2: annual report 2009
Page 3 and 4: Financial HighlightsFor the year en
Page 5 and 6: Chairman’s Statement Aer Lingus G
Page 11 and 12: Operating and Financial Review Aer
Page 13 and 14: Board of Directors Aer Lingus Group
Page 15 and 16: Corporate Social Responsibility Sta
Page 29 and 30: Directors’ Report Aer Lingus Grou
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Page 38 and 39: 36 Directors’ Report Aer Lingus G
Page 41 and 42: Remuneration Committee Report Aer L
Page 43 and 44: Remuneration Committee Report Aer L
Page 45: Independent Auditors’ Report Aer
Page 49 and 50: Financial Statements Aer Lingus Gro

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