Annual Report 1999 in PDF - Aer Lingus
Annual Report 1999 in PDF - Aer Lingus
Annual Report 1999 in PDF - Aer Lingus
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AER LINGUS GROUP PLCConsolidated Profit and Loss AccountYear Ended 31 December, <strong>1999</strong><strong>1999</strong> 1998 (As Restated)Cont<strong>in</strong>u<strong>in</strong>g Discont<strong>in</strong>ued Cont<strong>in</strong>u<strong>in</strong>g Discont<strong>in</strong>uedOperations Operations Exceptional Operations Operations ExceptionalBefore Exceptional Items Items Total Before Exceptional Items Items TotalNotes e000 e000 e000 e000 e000 e000 e000 e000(Note 3) (Note 3)Turnover 2 1,134,224 40,444 33,013 1,207,681 1,011,720 132,878 - 1,144,598Cost of sales 2 (786,754) (37,732) - (824,486) (713,880) (109,674) - (823,554)Gross Profit 347,470 2,712 33,013 383,195 297,840 23,204 - 321,044Other operat<strong>in</strong>g expenses- operat<strong>in</strong>g (275,848) (129) (2,793) (278,770) (230,880) (18,759) - (249,639)- employee participation 20 (2,564) - (5,993) (8,557) (7,248) - - (7,248)(278,412) (129) (8,786) (287,327) (238,128) (18,759) - (256,887)Operat<strong>in</strong>g Profit 2 69,058 2,583 24,227 95,868 59,712 4,445 - 64,157Share of operat<strong>in</strong>g profit<strong>in</strong> associates - - - - - 1,516 - 1,51669,058 2,583 24,227 95,868 59,712 5,961 - 65,673Exceptional Items:Profit on disposal of fixed assets - - 10,779 10,779 - - - -Cost of fundamental restructur<strong>in</strong>g - - (1,415) (1,415) - - -Writedown of fixed assets - - - - - - (6,014) (6,014)(Loss)/Profit on exit fromnon-core activities - - (44,860) (44,860) - - 10,365 10,365Profit/(Loss) on Ord<strong>in</strong>aryActivities before Interest 69,058 2,583 (11,269) 60,372 59,712 5,961 4,351 70,024Interest receivable and similar <strong>in</strong>come 26,873 - - 26,873 29,401 - - 29,401Interest payable andsimilar charges 4 (27,689) - - (27,689) (23,433) - - (23,433)Profit/(Loss) on Ord<strong>in</strong>aryActivities before Taxation 5 68,242 2,583 (11,269) 59,556 65,680 5,961 4,351 75,992Taxation 7 (6,270) - - (6,270) (796) - - (796)Profit/(Loss) on Ord<strong>in</strong>aryActivities after Taxation 61,972 2,583 (11,269) 53,286 64,884 5,961 4,351 75,196M<strong>in</strong>ority <strong>in</strong>terests 18 (1,347) - - (1,347) (560) - - (560)Profit/(Loss) for Year 60,625 2,583 (11,269) 51,939 64,324 5,961 4,351 74,636Earn<strong>in</strong>gs per Share (Cents) 8 20.4c 29.7cEarn<strong>in</strong>gs per Share- cont<strong>in</strong>u<strong>in</strong>g operations beforeexceptional items (Cents) 8 23.8c 25.6cB.M. CahillR. HynesCHAIRMANDIRECTORApproved by the Board of Directors on 05 September, 2000.24
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