The Notes on pages 21 to 32 form an integral part of these
condensed consolidated interim financial statements.
Condensed consolidated interim statement of changes in equity (unaudited)
All movements are attributable to the owners of the parent
Called-up Share Cash Available-for-sale Treasury Share Retranslation Retained Total equity
share Premium flow reserve shares based reserve earnings
capital hedging payment
reserve reserve
EUR'000 EUR'000 EUR'000 EUR'000 EUR'000 EUR'000 EUR'000 EUR'000 EUR'000
Balance at 1
January
2014 26,702 359,449 4,056 123 (2,887) 6,315 (481) 459,490 852,767
Loss for the
period - - - - - - - (12,343) (12,343)
Other
comprehensive
loss for the
period
ended 30 June
2014 - - (1,253) (75) - - (76) (4,254) (5,658)
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Total
comprehensive
loss for the
year - - (1,253) (75) - - (76) (16,597) (18,001)
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Exercise of
share awards - - - - 981 (2,726) - 516 (1,229)
Share based
payment
reserve - - - - - 983 - - 983
Dividends paid
(4 cent
per share) - - - - - - - (21,319) (21,319)
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Balance at 30
June
2014 26,702 359,449 2,803 48 (1,906) 4,572 (557) 422,090 813,201
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Balance at 1
January
2015 26,702 359,449 (64,696) 6 (1,906) 5,540 763 334,702 660,560
Loss for the
period - - - - - - - (12,655) (12,655)
Other
comprehensive
income/(loss)
for the
year - - 48,719 (6) - - 1,121 (49) 49,785
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Total
comprehensive
income/(loss)
for the
period ended
30 June
2015 - - 48,719 (6) - - 1,121 (12,704) 37,130
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Share based
payment
reserve - - - - - 970 - - 970
Dividends paid
(5 cent
per share) - - - - - - - (26,657) (26,657)
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
Balance at 30
June
2015 26,702 359,449 (15,977) - (1,906) 6,510 1,884 295,341 672,003
-------------- --------- ------- -------- ------------------ -------- ------- ------------- -------- ------------
The Notes on pages 21 to 32 form an integral part of these
condensed consolidated interim financial statements.
Condensed consolidated interim statement of cash flows
(unaudited)
Six months ended 30 June
Note 2015 2014
EUR'000 EUR'000
Cash flows from operating activities
Cash generated from operations 24 286,720 219,734
Income tax paid (25) (19)
--------------------------------------------- ---- --------- --------
Net cash generated from operating activities 286,695 219,715
--------------------------------------------- ---- --------- --------
Cash flows from investing activities
Purchases of non-current assets (34,562) (28,640)
Disposal of investment 1,407 -
Increase in deposits (161,202) (46,473)
Interest received 4,765 5,598
Share capital of joint venture paid
up - (1,326)
--------------------------------------------- ---- --------- --------
Net cash used in investing activities (189,592) (70,841)
--------------------------------------------- ---- --------- --------
Cash flows from financing activities
Repayment of finance lease obligations (42,504) (33,568)
Interest paid (2,922) (3,580)
Dividends paid (26,657) (21,319)
Decrease in loans and receivables 14,956 -
--------------------------------------------- ---- --------- --------
Net cash used in financing activities (57,127) (58,467)
--------------------------------------------- ---- --------- --------
Net increase in cash, cash equivalents
and bank overdrafts 39,976 90,407
Cash, cash equivalents and bank overdrafts
at 1 January 193,614 188,805
Exchange gains on cash and cash equivalents 5,101 742
--------------------------------------------- ---- --------- --------
Cash, cash equivalents and bank overdrafts
at 30 June 15 238,691 279,954
--------------------------------------------- ---- --------- --------
The notes on pages 21 to 32 form an integral part of these
condensed consolidated interim financial statements.
1 General information
Aer Lingus Group plc (the "Company") and its subsidiaries
(together "the Group") operate as an Irish airline primarily
providing passenger and cargo transportation services from Ireland
to the UK and Europe ("short haul") and also to the US ("long
haul"). The Company is a public limited liability company
incorporated and domiciled in Ireland. The address of its
registered office is Dublin Airport, Co. Dublin, Ireland. The
Company has its primary listing on the Irish Stock Exchange and a
standard listing on the London Stock Exchange.
2 Basis of preparation
The condensed, consolidated interim financial statements, for
the six month period ended 30 June 2015, have been prepared in
accordance with the Transparency (Directive 2004/109/EC)
Regulations 2007, the related Transparency Rules of the Central
Bank of Ireland and with International Accounting Standard 34,
Interim Financial Reporting ('IAS 34') as adopted by the European
Union. Certain quarterly information and the balance sheet at 30
June 2014 have been included in this report; this information is
supplementary and not required by IAS 34. This report should be
read in conjunction with the annual consolidated financial
statements for the year ended 31 December 2014, which have been
prepared in accordance with International Financial Reporting
Standards ('IFRS') as adopted by the European Union and applicable
law, and which are included in the Group's annual report which is
available on the Group's website at
http://corporate.aerlingus.com/
The accounting policies and methods of computation and
presentation adopted in the preparation of the condensed
consolidated interim financial statements are consistent with those
described and applied in the annual report for the financial year
ended 31 December 2014. There are no new IFRS standards effective
from 1 January 2015 which have a material effect on the condensed
consolidated interim financial information included in this
report.
These condensed, consolidated interim financial statements
presented do not constitute full statutory accounts. The statutory
accounts for the year ended 31 December 2014, which were approved
by the Board of Directors on 27 March 2015, contained an
unqualified audit report and are due to be filed with the Companies
Registration Office by 30 September 2015.
The condensed, consolidated interim financial statements
prepared for the six month period ended 30 June 2015 were
authorised for issue by the Board of Directors on 29 July 2015.
3 Significant accounting policies and estimates
The preparation of condensed consolidated interim financial
statements requires management to make estimates and assumptions
that affect the application of accounting policies, the reported
amounts of assets and liabilities, the disclosure of contingent
assets and liabilities at the date of the condensed consolidated
interim financial statements, and the reported amounts of revenue
and expenses during the reporting periods. Actual results could
differ from those estimates.
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