Ryanair Ltd Monitor

Ryanair Ltd Annual Report 2017
CR Monitor Issue: 
Company covered: 
Ryanair Ltd
Period End: 
31 March, 2017
Report issued on 07 November 2017 covered the following practice issues:
Additional disclosures on new impending standards on leases and revenue from contracts with customers.
Cash flows linked to interest paid and interest received disclosed separately.
Discussion of new principal risk factor added within the strategic report in relation to "Substantial dependence over discretionary air travel".

Brexit Disclosures in Listed Company Annual reports

The referendum vote to leave the European Union (EU) has undoubtedly led to uncertainty for business and will potentially have far reaching impacts for companies from many different industries. This report, pulled together in March 2017, focuses on the information that companies have disclosed within their annual reports during the latter half of 2016. It sets out disclosures around risk as well as the disclosure of Brexit impacts which have already been felt and the resulting ramifications.

Operating Lease disclosures under IFRS

This report sets out our findings in respect of a review of the operating lease disclosures when acting as lessee of 35 companies listed on the London stock exchange. We consider a number of points including the disclosure, as currently governed under IFRS by IAS 17 “Leases”, of total future minimum lease payments focusing on the assets identified and the time periods presented; disclosure of minimum sublease payments expected to be received; disclosure of lease and sublease payments recognised in the period; and disclosure of the general terms of significant leasing arrangements including contingent rent payable basis, the existence and terms of renewal or purchase options and escalation clauses and restrictions imposed by lease arrangements such as those concerning dividends, additional debt and further leasing. 

Ryanair Holdings plc Monitor

Ryanair Holdings plc Annual Report 2016
CR Monitor Issue: 
Company covered: 
Ryanair Holdings plc
Period End: 
31 March, 2016
Report issued on 1 November 2016 covered the following practice issues:
Returns to shareholders through capital reorganisation and share buyback programmes.
Post balance sheet share buyback to return funds to shareholders linked to Brexit.
Available for sale investment gains previously recognised in other comprehensive income reclassified to profit on disposal of investment.

Deferred tax - Ryanair Holdings plc

Period End: 
31 March 2011
Period End Date: 
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
5751 Airlines

Financial Risk Disclosures of Non Financial Companies under IFRS

This report analyses companies’ disclosures in respect of three types of financial risk. Areas covered are credit risk, liquidity risk and market risk factors such as exchange rate movement, interest rate movement and commodity price movement. Our analysis is based on an examination of the IFRS financial statements of 21 large listed European non financial companies.

Deferred Tax under IFRS

Focusing on a sample of 21 large listed European companies that report under IFRS, supplemented by Company Reporting data and comment, this report analyses companies’ disclosures of deferred tax balances including an investigation into whether they choose to present a reconciliation showing movements during the year.

Ryanair Holdings plc Period End 31 March 2009

Resolutions on investee management inappropriately disclosed as post balance sheet event

Irish airline Ryanair uses its post balance sheet events note inappropriately to disclose resolutions proposed at an investee’s AGM to reduce the remuneration of directors, in a year that has seen €223 million impairment of the investment by Ryanair, leading it to a loss for the year.

Two restatements described as reclassifications
Irish airline Ryanair restates by significant amounts a summary of senior executive pay and its capital redemption reserve, inaccurately describing both changes as reclassifications.