Financial Position of Ryanair Holdings

Financial Position of Ryanair
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Ryanair Holdings' financial statements entail the Group's results, position, and subsidiaries. The financial statements adhere to the International Financial Reporting Standards (IFRS) as the International Accounting Standards Board (IASB) issues. The Group has incorporated new and amended IFRS provisions like amendments to IAS 16, IFRS 3, IAS 37, and 2018-2020 annual improvements, which lack substantial material effect on the Group's financial position for the specified year. The Group has made critical governance changes by appointing new members to the Board of Directors. However, the Group's CEO, Michael O'Leary, extended his contract to 2028 with a clause to discuss the amended remuneration policy at the 2023 Annual General Meeting. The Group's financial statement demonstrates its use of derivative financial instruments to mitigate market risks like price and currency rate fluctuations (Ryanair Group, 2023). The measurement of such instruments as options, forward swaps, and foreign currency forward contracts is at fair value and identified as either assets or liabilities on the balance sheet.
Ryanair's market dominance and share have grown exponentially in most European markets c...