annual report 2009 - Aer Lingus

70 Financial Statements Aer Lingus Group Plc – Annual Report 2009Notes to the Consolidated Financial Statements [continued]7 Other (gains)/losses – net2009 2008€’000 €’000Fair value losses on cross-currency interest rate swap 1,018 33Realised (gains)/losses on forward foreign currency contracts (31,365) 6,221Net foreign exchange losses/(gains) on operating activities 6,099 (15,050)(24,248) (8,796)8 Operating loss before net exceptional itemsThe operating loss before net exceptional items is stated after charging/(crediting):2009 2008€’000 €’000Depreciation on property, plant and equipment (Note 14)– owned 40,235 30,262– held under finance leases 37,054 39,296Amortisation of intangible assets (Note 15) 5,385 2,307Operating lease rentals payables– plant and machinery 85 77– aircraft 55,845 51,270– property 9,002 10,376Auditors’ remuneration– audit fee 190 200– non-audit related 500 446Directors’ emoluments* 2,355 1,707* Further information on Director’s emoluments is included in the Report of the Remuneration Committee on Directors’ Remunerationon pages 38 to 42.9 Net exceptional items2009 2008€’000 €’000Takeover defence costs (a) – 5,845Compensation under PCI (b) – 17,543Restructuring (c) 88,630 117,50088,630 140,888(a) Provision for costs incurred in the defence of takeover bids.(b) Costs incurred as a result of compensation due to staff under the Programme for Continuous Improvement.(c) Provision for 2009 Cost Reduction Programme and 2008 Early Retirement, Voluntary Severance and Migration Schemes.The 2009 charge consists of a provision for net redundancy payments of €51.9m and a provision for a deferred payment tostaff of €25.0m for the 2009 Cost Reduction Programme and a remeasurement of the 2008 restructuring charge of €11.7m.