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Provisions (Tables)

12 Months Ended

Mar. 31, 2021

Provisions.

Summary of provisions


		At March 31,
		2021		2020		2019
		€M		€M		€M
Provision for aircraft maintenance on leased aircraft (a)		53.2		75.4		130.7
Provision for pension obligation (b)		4.5		4.5		4.9
		57.7		79.9		135.6


		At March 31,
		2021		2020		2019
		€M		€M		€M
(a) Provision for aircraft maintenance on leased aircraft
At beginning of year		75.4		130.7		133.2
Increase in provision during the year		37.3		23.2		19.8
Utilization of provision upon the hand-back of aircraft		(59.5)		(78.5)		(22.3)
At end of year		53.2		75.4		130.7

During fiscal year 2021, the Company returned 11 Boeing 737 aircraft held under lease to the lessors.

The expected timing of the outflows of economic benefits associated with the provision at March 31, 2021, 2020 and 2019 are as follows:


		Carrying
		Value		2022		2023		2024		2025		Thereafter
		€M		€M		€M		€M		€M		€M
At March 31, 2021
Provision for leased aircraft maintenance		53.2		10.3		4.1		11.5		24.3		3.0


		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		—


		At March 31,
		2021		2020		2019
		€M		€M		€M
(b) Provision for pension obligation
At beginning of year		4.5		4.9		4.9
Movement during the year		—		(0.4)		—
At end of year		4.5		4.5		4.9