EasyJet 2009 Annual Report Download - page 84

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82 easyJet plc Annual report and accounts 2009
NOTES TO THE ACCOUNTS CONTINUED
24 Financial instruments (continued)
Fair value of derivative financial instruments
At 30 September 2009 Quantity
million
Assets
£ million
Liabilities
£ million
Designated as cash flow hedges
Forward US dollar contracts 874.2 39.9 (6.9)
Forward euro contracts 200.0 0.1 (15.4)
Forward jet fuel contracts 1.2 23.1 (71.4)
Designated as held for trading
Forward US dollar contracts 825.0 12.7 –
75.8 (93.7)
Less non-current portion:
Forward contracts 7.8 (2.6)
Current portion 68.0 (91.1)
At 30 September 2008 Quantity
million
Assets
£ million
Liabilities
£ million
Designated as cash flow hedges
Forward US dollar contracts 1,876.2 100.7 –
Forward euro contracts 440.0 3.4 (1.1)
Forward Swiss franc contracts 100.0 – (0.1)
Zero cost US dollar collars 72.0 0.6 –
Forward jet fuel contracts 0.7 11.7 (75.1)
Designated as held for trading
Forward US dollar contracts 318.0 1.4 –
117.8 (76.3)
Less non-current portion:
Forward contracts 21.3 (0.3)
Current portion 96.5 (76.0)
For currency contracts, quantity represents the nominal value of currency contracts held, disclosed in the contract currency. For jet fuel contracts, quantity
represents contracted metric tonnes.