10773 AirlingPDF - Aer Lingus

AER LINGUS GROUP PLCNOTES TO THE CONSOLIDATED ACCOUNTS CONTINUED3. Interest Payable and Similar Charges2000 1999€000 €000On bank loans, overdrafts and other loans:- repayable within five years, by instalments - 4- repayable within five years, not by instalments 1,595 2,051Finance lease interest 27,925 18,599Interest on irredeemable capital 254 373Other interest, principally on loansrepayable after more than five years 1,487 3,043Finance charge on discounted provision (note 2(f)) 3,339 3,61934,600 27,6894. Profit on Ordinary Activities before Taxation2000 1999€000 €000Profit on ordinary activities before taxationis stated after charging (crediting):Depreciation of tangible fixed assets *- owned 23,380 19,154- held under finance leases 30,563 27,825Operating lease rentals payable- plant and machinery 166 385- aircraft 125,314 97,418- property 9,453 9,716Operating lease rentals receivable (1,326) (3,804)Auditors' remuneration 180 189Net losses on foreign currency borrowings less deposits 3,793 9,764* including €3.1 million of accelerated depreciation charged to exceptional items in 2000 in respect of assets to be disposed of.In accordance with Section 3 (2) of the Companies (Amendment) Act, 1986, the profit and loss account of the Company isnot presented. The profit of the Company for the year ended 31 December 2000 amounted to €38.2 million (1999: €114m).28