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v3.22.2

Property, plant and equipment | 12 Months Ended
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Mar. 31, 2022
Property, plant and equipment |
Property, plant and equipment | 2. Property, plant and equipment ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Hangar and |  | Plant and |  | Fixtures and |  | Motor |  | ​
​ | ​ | Aircraft | ​ | Buildings | ​ | Equipment | ​ | Fittings | ​ | Vehicles | ​ | Total
​ | ​ | €M | ​ | €M | ​ | €M | ​ | €M | ​ | €M | ​ | €M
Year ended March 31, 2022 | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
Cost | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2021 | ​ | 12,595.1 | ​ | 124.1 | ​ | 131.9 | ​ | 85.2 | ​ | 5.3 | ​ | 12,941.6
Additions in year | ​ | 1,600.5 | ​ | 10.8 | ​ | 7.3 | ​ | 4.8 | ​ | — | ​ | 1,623.4
Supplier Reimbursements* | ​ | (113.9) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (113.9)
Disposals in year | ​ | (355.9) | ​ | — | ​ | (0.6) | ​ | (4.6) | ​ | — | ​ | (361.1)
At March 31, 2022 | ​ | 13,725.8 | ​ | 134.9 | ​ | 138.6 | ​ | 85.4 | ​ | 5.3 | ​ | 14,090.0
Depreciation | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2021 | ​ | 4,402.2 | ​ | 34.0 | ​ | 64.9 | ​ | 74.5 | ​ | 4.9 | ​ | 4,580.5
Charge for year | ​ | 638.2 | ​ | 5.3 | ​ | 14.5 | ​ | 6.5 | ​ | 0.3 | ​ | 664.8
Eliminated on disposal | ​ | (245.4) | ​ | — | ​ | (0.5) | ​ | (4.5) | ​ | — | ​ | (250.4)
At March 31, 2022 | ​ | 4,795.0 | ​ | 39.3 | ​ | 78.9 | ​ | 76.5 | ​ | 5.2 | ​ | 4,994.9
Net book value | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2022 | ​ | 8,930.8 | ​ | 95.6 | ​ | 59.7 | ​ | 8.9 | ​ | 0.1 | ​ | 9,095.1
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Hangar and |  | Plant and |  | Fixtures and |  | Motor |  |
​ | ​ | Aircraft | ​ | Buildings | ​ | Equipment | ​ | Fittings | ​ | Vehicles | ​ | Total
​ | ​ | €M | ​ | €M | ​ | €M | ​ | €M | ​ | €M | ​ | €M
Year ended March 31, 2021 | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
Cost | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2020 | ​ | 13,278.9 | ​ | 107.4 | ​ | 127.8 | ​ | 80.7 | ​ | 5.0 | ​ | 13,599.8
Additions in year | ​ | 274.4 | ​ | 16.7 | ​ | 4.1 | ​ | 4.5 | ​ | 0.3 | ​ | 300.0
Supplier Reimbursements* | ​ | (377.6) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (377.6)
Contractual amendments* | ​ | (496.9) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (496.9)
Disposals in year | ​ | (83.7) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (83.7)
At March 31, 2021 | ​ | 12,595.1 | ​ | 124.1 | ​ | 131.9 | ​ | 85.2 | ​ | 5.3 | ​ | 12,941.6
Depreciation | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2020 | ​ | 4,009.9 | ​ | 29.7 | ​ | 50.6 | ​ | 67.1 | ​ | 4.5 | ​ | 4,161.8
Charge for year | ​ | 476.0 | ​ | 4.3 | ​ | 14.3 | ​ | 7.4 | ​ | 0.4 | ​ | 502.4
Eliminated on disposal | ​ | (83.7) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (83.7)
At March 31, 2021 | ​ | 4,402.2 | ​ | 34.0 | ​ | 64.9 | ​ | 74.5 | ​ | 4.9 | ​ | 4,580.5
Net book value | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2021 | ​ | 8,192.9 | ​ | 90.1 | ​ | 67.0 | ​ | 10.7 | ​ | 0.4 | ​ | 8,361.1
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Hangar and |  | Plant and |  | Fixtures and |  | Motor |  | ​
​ | ​ | Aircraft | ​ | Buildings | ​ | Equipment | ​ | Fittings | ​ | Vehicles | ​ | Total
​ | ​ | €M | ​ | €M | ​ | €M | ​ | €M | ​ | €M | ​ | €M
Year ended March 31, 2020 | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
Cost | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2019 | ​ | 12,629.2 | ​ | 78.1 | ​ | 87.9 | ​ | 74.3 | ​ | 4.5 | ​ | 12,874.0
Additions in year | ​ | 1,160.8 | ​ | 29.3 | ​ | 39.9 | ​ | 6.5 | ​ | 0.5 | ​ | 1,237.0
Disposals in year | ​ | (412.4) | ​ | — | ​ | — | ​ | (0.1) | ​ | — | ​ | (412.5)
Transfer to assets held for sale | ​ | (98.7) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (98.7)
At March 31, 2020 | ​ | 13,278.9 | ​ | 107.4 | ​ | 127.8 | ​ | 80.7 | ​ | 5.0 | ​ | 13,599.8
Depreciation | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2019 | ​ | 3,716.7 | ​ | 26.1 | ​ | 38.2 | ​ | 59.5 | ​ | 3.9 | ​ | 3,844.4
Charge for year | ​ | 665.0 | ​ | 3.6 | ​ | 12.4 | ​ | 7.7 | ​ | 0.6 | ​ | 689.3
Eliminated on disposal | ​ | (371.8) | ​ | — | ​ | — | ​ | (0.1) | ​ | — | ​ | (371.9)
At March 31, 2020 | ​ | 4,009.9 | ​ | 29.7 | ​ | 50.6 | ​ | 67.1 | ​ | 4.5 | ​ | 4,161.8
Net book value | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |
At March 31, 2020 | ​ | 9,269.0 | ​ | 77.7 | ​ | 77.2 | ​ | 13.6 | ​ | 0.5 | ​ | 9,438.0
​ At March 31, 2022, aircraft with a net book value of €692m (2021: €950m; 2020: €1,337m) were mortgaged to lenders as security for loans. Under the security arrangements for the Company’s Ex-Im financed Boeing 737-800NG aircraft, the Company does not hold legal title to those aircraft while these loan amounts remain outstanding. ​ In the year ended March 31, 2022 the Group sold 10 Boeing 737-800NG aircraft (2021: 7; 2020: 3) ​ The net book value of leased assets classified as property, plant and equipment (see Note 3) at March 31, 2022, 2021 and 2020 was €nil, €nil and €132m, respectively. ​ *In December 2020, the Group revised its 2014 agreement with Boeing to increase its firm orders with Boeing from 135 to 210. The terms of this agreement are confidential, but it sets out a restructured payment schedule over the delivery period from June 2021 to December 2024. This has resulted in a reversal of certain pre-delivery trade payables of approximately €497m and the related amount capitalized into PPE above. In addition, the €492m (2022: €114m, 2021: €378m, 2020: €nil) reimbursements related to reasonable, and fair, compensation agreed with Boeing for the 2-year delivery delay of the Boeing 737-8200 aircraft and is recorded as a reduction in PPE above.

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- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2021-03-24 + Details
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