These deferred amounts are included in the closing
valuation of the aircraft.
The question to ask is whether the closing valuation
reflects the Net Value / Realisible Value. I don't here
the Investment Analysts screaming about the balance
sheet - and Ryanair has come under a lot of scrutunity.
Anyway, if you consider the utilisation of the fleet and the
average age of the aircraft, these amounts could not
stay on the balance sheet for too long