EasyJet 2014 Annual Report Download - page 126
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124 easyJet plc Annual report and accounts 2014
Notes to the accounts continued
22 Financial instruments continued
The cumulative net losses deferred in shareholders' equity and their expected maturities are as follows:
At 30 September 2014
Within 1 year
£ million
1-2 years
£ million
Total
£ million
Hedges of transaction currency risk 18 33 51
Hedges of jet fuel price risk (54) (20) (74)
(36) 13 (23)
Related deferred tax 6
(17)
At 30 September 2013
Within 1 year
£ million
1-2 years
£ million
Total
£ million
Hedges of transaction currency risk (31) (21) (52)
Hedges of jet fuel price risk (12) (7) (19)
(43) (28) (71)
Related deferred tax 16
(55)
2014
£ million
2013
£ million
(Losses)/gains on cash flow hedges recycled from other comprehensive income in income
statement captions:
Revenue 14 2
Fuel (56) 36
Maintenance (2) 1
Aircraft lease costs (7) 3
Other costs 1 –
(50) 42
Amounts recorded in the income statement in respect of revaluation of monetary assets and liabilities and the gains and losses
on derivatives designated as held for trading are as follows:
2014
£ million
2013
£ million
Unrealised revaluation losses on non-derivative financial instruments (7) (4)
Realised foreign exchange gains/(losses) on non-derivative financial instruments 11 (9)
Unrealised revaluation gains on other monetary assets and liabilities 3 2
Unrealised gains on derivative financial instruments – 9
Realised gains/(losses) on derivative financial instruments – (6)
Net gains/(losses) (note 2) 7 (8)