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Right of use assets & lease liabilities (Tables)
12 Months Ended
Mar. 31, 2023
Right of use assets & lease liabilities  
Schedule of right of use assets and lease liabilities

Year ended March 31,

Leases under IFRS 16 recognized in Consolidated Income Statement

2023

2022

2021

    

€M

€M

€M

Interest on lease liabilities

 

6.8

3.7

4.6

Depreciation charge

84.0

54.5

68.6

Expenses relating to short-term leases

6.7

Lease charge for the year

90.8

58.2

79.9

At March 31,

Right of use-assets

2023

2022

2021

Balance at beginning of year

133.7

188.2

236.8

Depreciation charge for the year

(84.0)

(54.5)

(68.6)

Additions

47.2

27.9

Modification of leases

112.2

*

(7.9)

Balance at end of year

209.1

133.7

188.2

At March 31,

Lease Liabilities

2023

2022

2021

Balance at beginning of year

138.3

183.1

245.9

Additions

9.9

27.9

Financing cash outflows from lease liabilities

(58.9)

(56.7)

(76.8)

Interest expense

6.8

3.7

4.6

Modification of leases

112.2

*

(2.7)

Exchange movements

(2.0)

8.2

(15.8)

Balance at end of year

206.3

138.3

183.1

At March 31,

Lease Liabilities

2023

2022

2021

Current lease liability

43.2

56.9

52.5

Non-current lease liability

163.1

81.4

130.6

Total lease liabilities at end of year

206.3

138.3

183.1

A maturity analysis of our lease liabilities as at March 31, 2023 has been disclosed within Note 11.
* Relates to the extension of 24 Airbus A320 leases during fiscal year 2023.