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Subsidiary undertakings and related party transactions | 12 Months Ended
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Mar. 31, 2023
Subsidiary undertakings and related party transactions |
Subsidiary undertakings and related party transactions | 26. Subsidiary undertakings and related party transactions ​ The following are the principal subsidiary undertakings within the Ryanair Group. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | Registered | ​ | Nature of
Name |  | % Held in ordinary shares | ​ | Office | ​ | Business
​ | ​ | ​ | ​ | ​ | ​ | ​
Buzz (Ryanair Sun S.A.) | ​ | 100 | ​ | 21 Cybernetyki Street, 02-677 Warsaw, Poland | ​ | Airline operator
Lauda Europe Limited | ​ | 100 | ​ | 191, Level 3, Triq Marina, Pieta' PTA 9041, Malta | ​ | Airline operator
Malta Air Limited | ​ | 100 | ​ | 191, Level 3, Triq Marina, Pieta’ PTA 9041, Malta | ​ | Airline operator
Ryanair DAC | ​ | 100 | ​ | Airside Business Park, Swords, Co. Dublin, Ireland | ​ | Airline operator
Ryanair U.K. Limited | ​ | 100 | ​ | Enterprise House, 2nd Floor, London Stansted Airport, England | ​ | Airline operator
​ Pursuant to Sections 314-316 of the Companies Act 2014, a full list of subsidiary undertakings will be annexed to the Company’s Annual Return to be filed with the Companies Registration Office in Ireland. ​ In accordance with the basis of consolidation policy, as described in Note 1 of these consolidated financial statements, the subsidiary undertakings referred to above have been consolidated in the financial statements of Ryanair Holdings plc for the years ended March 31, 2023, 2022 and 2021. ​ The total amount of remuneration paid to senior key management (defined as the Executive team reporting to the Board of Directors, together with all Non-Executive Directors) amounted to €11.8m in the fiscal year ended March 31, 2023 (2022: €11.3m; 2021: €6.6m). ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended
​ | ​ | March 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2021
​ |  | €M |  | €M |  | €M
Basic salary and bonus* |  | 7.3 | ​ | 6.8 | ​ | 3.5
Pension contributions |  | 0.2 | ​ | 0.2 | ​ | 0.2
Non-executive directors’ fees | ​ | 0.6 | ​ | 0.6 | ​ | 0.5
​ | ​ | 8.1 | ​ | 7.6 | ​ | 4.2
Share-based compensation expense (non-cash technical accounting charge) |  | 3.7 | ​ | 3.7 | ​ | 2.4
​ |  | 11.8 |  | 11.3 |  | 6.6
​ | ​ | ​ | ​ | ​ | ​ | ​
*No bonus was paid for fiscal year 2021. Additionally, the Board and management agreed to significant fee/basic salary cuts for fiscal year 2021 as part of the Company's response to the Covid-19 crisis.
​

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