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Provisions (Tables)

12 Months Ended

Mar. 31, 2020

Provisions.

Summary of provisions


		At March 31,
		2020		2019		2018
		€M		€M		€M
Provision for aircraft maintenance on leased aircraft (a)		75.4		130.7		133.2
Provision for pension obligation (b)		4.5		4.9		4.9
		79.9		135.6		138.1


		At March 31,
		2020		2019		2018
		€M		€M		€M
(a) Provision for aircraft maintenance on leased aircraft
At beginning of year		130.7		133.2		133.3
Increase in provision during the year		23.2		19.8		13.8
Utilization of provision upon the hand-back of aircraft		(78.5)		(22.3)		(13.9)
At end of year		75.4		130.7		133.2

During fiscal year 2020, the Company returned 12 aircraft held under lease to the lessors.

The expected timing of the outflows of economic benefits associated with the provision at March 31, 2020, 2019 and 2018 are as follows:


		Carrying
		Value		2021		2022		2023		2024		Thereafter
		€M		€M		€M		€M		€M		€M
At March 31, 2020
Provision for leased aircraft maintenance		75.4		43.3		12.1		3.2		5.9		10.9


		Carrying
		Value		2020		2021		2022		2023		Thereafter
		€M		€M		€M		€M		€M		€M
At March 31, 2019
Provision for leased aircraft maintenance		130.7		100.5		18.8		7.6		3.8		—


		Carrying
		Value		2019		2020		2021		2022		Thereafter
		€M		€M		€M		€M		€M		€M
At March 31, 2018
Provision for leased aircraft maintenance		133.2		52.8		57.6		16.2		6.6		—


		At March 31,
		2020		2019		2018
		€M		€M		€M
(b) Provision for pension obligation
At beginning of year		4.9		4.9		4.9
Movement during the year		(0.4)		—		—
At end of year		4.5		4.9		4.9