Annual Report 1999 in PDF - Aer Lingus
Annual Report 1999 in PDF - Aer Lingus Annual Report 1999 in PDF - Aer Lingus
AER LINGUS GROUP PLCNotes to the Consolidated Accounts (continued)16. Provisions for Liabilities and Charges (continued)(e) OtherOther provisions relate mainly to expected costs of terminating financing arrangements in relation to aircraft sold in1994 and frequent flyer provisions.(f)ReclassificationsThese represent reclassifications of provisions consequent on the remeasurement of their amounts in accordancewith FRS12.The deferred tax provision comprises: 1999 1998e000e000Excess of tax allowances over book depreciation of fixed assets - 659The amounts of unprovided deferred taxation are as follows:Excess of tax allowances over book depreciation of fixed assets 69,175 83,904Tax effect of losses carried forward (10,971) (24,887)Other provisions (3,961) (10,665)The amount of unprovided deferred taxation has been calculated using current tax rates, which in the case ofIreland is 24% (1998: 28%).54,243 48,35217. Called-Up Share CapitalNumbere000Authorised:Shares of IR£1 (e1.269738) each 500,000,000 634,869Issued and fully paid:Shares of IR£1 (e1.269738) eachBeginning of year 253,807,852 322,270Allotted during year (a) 1,982,703 2,516End of year 255,790,555 324,786(a)On 29 July, 1999 an additional 1,982,703 shares of IR£1 (e1.269738) each were issued to employees under theEmployee Share Participation Scheme (Note 20).18. Minority Interests1999 1998e000e000Beginning of year 1,822 364Share of retained profit for year 1,347 560Other movements (2) 898End of year 3,167 1,82240
AER LINGUS GROUP PLC19. Consolidated Cash Flow StatementA. Reconciliation of Operating Profit to Net Cash Inflow from Operating Activities1999 1998e000e000Operating profit before exceptional items 71,641 64,157Depreciation of tangible fixed assets 46,979 41,439Amortisation of investment grants - (97)Movement in provisions 6,804 6,405Increase in stocks (2,416) (94)Decrease/(increase) in debtors 52,003 (7,505)Increase in creditors 68,946 47,444Loss/(gain) on exchange 9,764 (4,422)Net Cash Inflow from Operating Activities 253,721 147,327B. Analysis of Cash Flows for Headings netted in the Cash Flow Statement1999 1998e000e000Returns on investments and servicing of financeInterest received 23,629 33,950Interest paid (9,416) (9,490)Finance lease interest paid (14,106) (18,358)Net cash inflow for returns on investments and servicing of finance 107 6,102Capital expenditure and financial investmentPurchase of tangible fixed assets (172,977) (98,193)Sale of tangible fixed assets 26,758 1,467Net cash outflow for capital expenditure and financial investment (146,219) (96,726)Acquisitions and disposalsSale of financial fixed assets:Maintenance activities (22,669) (42,544)Equant NV 6,212 -GPA Group - 9,821Handling activities (9,528) -Other 2,312 1,772Net cash outflow from acquisition and disposals (23,673) (30,951)FinancingCapital element of finance leases 225,227 (24,546)New loan capital 131 -Repayment of loan capital - (32,540)(Increase)/decrease in restricted deposits (237,064) 11,227Net cash outflow from financing (11,706) (45,859)41
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AER LINGUS GROUP PLC19. Consolidated Cash Flow StatementA. Reconciliation of Operat<strong>in</strong>g Profit to Net Cash Inflow from Operat<strong>in</strong>g Activities<strong>1999</strong> 1998e000e000Operat<strong>in</strong>g profit before exceptional items 71,641 64,157Depreciation of tangible fixed assets 46,979 41,439Amortisation of <strong>in</strong>vestment grants - (97)Movement <strong>in</strong> provisions 6,804 6,405Increase <strong>in</strong> stocks (2,416) (94)Decrease/(<strong>in</strong>crease) <strong>in</strong> debtors 52,003 (7,505)Increase <strong>in</strong> creditors 68,946 47,444Loss/(ga<strong>in</strong>) on exchange 9,764 (4,422)Net Cash Inflow from Operat<strong>in</strong>g Activities 253,721 147,327B. Analysis of Cash Flows for Head<strong>in</strong>gs netted <strong>in</strong> the Cash Flow Statement<strong>1999</strong> 1998e000e000Returns on <strong>in</strong>vestments and servic<strong>in</strong>g of f<strong>in</strong>anceInterest received 23,629 33,950Interest paid (9,416) (9,490)F<strong>in</strong>ance lease <strong>in</strong>terest paid (14,106) (18,358)Net cash <strong>in</strong>flow for returns on <strong>in</strong>vestments and servic<strong>in</strong>g of f<strong>in</strong>ance 107 6,102Capital expenditure and f<strong>in</strong>ancial <strong>in</strong>vestmentPurchase of tangible fixed assets (172,977) (98,193)Sale of tangible fixed assets 26,758 1,467Net cash outflow for capital expenditure and f<strong>in</strong>ancial <strong>in</strong>vestment (146,219) (96,726)Acquisitions and disposalsSale of f<strong>in</strong>ancial fixed assets:Ma<strong>in</strong>tenance activities (22,669) (42,544)Equant NV 6,212 -GPA Group - 9,821Handl<strong>in</strong>g activities (9,528) -Other 2,312 1,772Net cash outflow from acquisition and disposals (23,673) (30,951)F<strong>in</strong>anc<strong>in</strong>gCapital element of f<strong>in</strong>ance leases 225,227 (24,546)New loan capital 131 -Repayment of loan capital - (32,540)(Increase)/decrease <strong>in</strong> restricted deposits (237,064) 11,227Net cash outflow from f<strong>in</strong>anc<strong>in</strong>g (11,706) (45,859)41
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