Annual Report 1999 in PDF - Aer Lingus

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ContentsChairman’s Statement 2Board of Directors 4Management 6Message from the Group Chief Executive 7Operating and Financial Review 8Directors’ Report 20Auditors’ Report 23Group Accounts 24Group Financial Record - Irish Pounds 46
Financial Highlights1998 1999 1999 1998IR£m IR£m em em796.8 893.3 Turnover - continuing 1,134.2 1,011.7104.6 31.8 - discontinued 40.5 132.9901.4 925.1 1,174.7 1,144.6Earnings before Interest, Tax, Depreciation,Amortisation and Aircraft155.9 167.5 rentals (EBITDAR) - continuing 212.7 198.0(75.7) (76.7) Aircraft rentals (97.4) (96.1)(27.5) (34.4) Depreciation and amortisation (43.7) (35.0)Operating Profit52.7 56.4 Continuing operations 71.6 66.94.7 2.0 Discontinued operations 2.6 6.057.4 58.4 Profit before interest and exceptional items 74.2 72.94.7 (0.6) Interest (net) (0.8) 6.0Profit before Employee Share Participation62.1 57.8 Scheme and exceptional items 73.4 78.9(5.7) (2.0) Employee Share Participation Scheme (2.6) (7.2)56.4 55.8 Profit before exceptional items 70.8 71.73.4 (8.9) Exceptional items (11.3) 4.359.8 46.9 Profit before taxation 59.5 76.0(1.0) (6.0) Taxation and Minority interests (7.6) (1.4)58.8 40.9 Profit for the year 51.9 74.6121.4 108.4 Capital Employed 137.7 154.2Financed by189.9 233.7 Shareholders’ funds 296.7 241.11.4 2.5 Minority Interests 3.2 1.8(69.9) (127.8) Net cash and liquid resources (162.2) (88.7)121.4 108.4 137.7 154.21
Page 1: AER LINGUS GROUP PLCAnnual Report&
Page 5 and 6: warning of lower profits. Those ear
Page 7 and 8: These alliances are structured to p
Page 9 and 10: Message from theGroup Chief Executi
Page 11 and 12: 66.971.6The Employee Share Particip
Page 13 and 14: AMSTERDAM…BRUSSELS…DUSSELDORF
Page 15 and 16: BRISTOL…EDINBURGH…GLASGOW…LEE
Page 17 and 18: The sun rises. Nations riseand the
Page 19 and 20: FleetDuring 1999 Aer Lingus operate
Page 21 and 22: Is dœn n— da ingean ia ddo ghŽa
Page 23 and 24: AER LINGUS GROUP PLCEmployee Partic
Page 25 and 26: AER LINGUS GROUP PLCAuditors’ Rep
Page 27 and 28: AER LINGUS GROUP PLCConsolidated Ba
Page 29 and 30: AER LINGUS GROUP PLCConsolidated Ca
Page 31 and 32: AER LINGUS GROUP PLCStatement of Ac
Page 33 and 34: AER LINGUS GROUP PLCJKLMLeasesAsset
Page 35 and 36: AER LINGUS GROUP PLC3. Exceptional
Page 37 and 38: AER LINGUS GROUP PLC6. Staff CostsT
Page 39 and 40: AER LINGUS GROUP PLC11. Stocks1999
Page 41 and 42: AER LINGUS GROUP PLC(a) This loan,
Page 43 and 44: AER LINGUS GROUP PLC19. Consolidate
Page 45 and 46: AER LINGUS GROUP PLCMovements on th
Page 47 and 48: AER LINGUS GROUP PLC24. Principal G
Page 49: AER LINGUS GROUP PLCNotesAer Lingus

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