Ryanair 2010 Annual Report Download - page 158

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156
The following tables indicate the periods in which cash flows associated with derivatives designated as
cash-flow hedges were expected to impact profit or loss, as of March 31, 2010, 2009 and 2008:
Carrying
Amount
Expected
Cash
flows 2011 2012 2013 2014 Thereafter
1M 1M 1M 1M 1M 1M 1M
At March 31, 2010
Interest rate swaps
..............................
(76.4) (149.2) (44.2) (37.8) (23.9) (17.8) (25.5)
U.S. dollar currency forward
contracts................................
..............
40.3 44.6 38.6 5.9 0.1 - -
U.S. dollar currency forward
contracts capitalised in property
plant and equipment – aircraft
additions ................................
.............
59.5 63.3 44.8 18.5 - - -
U.K. pounds sterling currency
forward contracts
................................
3.0 3.0 3.0 - - - -
Commodity forward contracts
............
42.6 42.6 42.6 - - - -
69.0 4.3 84.8 (13.4) (23.8) (17.8) (25.5)
Carrying
Amount
Expected
Cash
flows 2010 2011 2012 2013 Thereafter
1M 1M 1M 1M 1M 1M 1M
At March 31, 2009
Interest rate swaps
..............................
(84.8) (92.3) (22.0) (25.2) (19.6) (10.9) (14.6)
U.S. dollar currency forward
contracts................................
..............
46.0 43.6 43.8 (0.4) 0.1 0.1 -
U.S. dollar currency forward
contracts capitalised in property
plant and equipment – aircraft
additions ................................
.............
143.3 139.2 79.3 38.7 21.2 - -
Commodity forward contracts
............
(106.7) (106.7) (106.7) - - - -
(2.2) (16.2) (5.6) 13.1 1.7 (10.8) (14.6)
Carrying
Amount
Expected
Cash
flows 2009 2010 2011 2012 Thereafter
1M 1M 1M 1M 1M 1M 1M
At March 31, 2008
Interest rate swaps
..............................
(59.5) (52.4) (13.3) (12.8) (11.0) (5.5) (9.8)
U.S. dollar currency forward
contracts................................
..............
(88.4) (100.0) (84.3) (14.1) (0.4) (0.4) (0.8)
U.S. dollar currency forward
contracts capitalised in property
plant and equipment – aircraft
additions ................................
.............
(20.6) (37.4) (7.0) (19.9) (10.5)
Commodity forward contracts
............
6.0 6.0 6.0 - - - -
(162.5) (183.8) (98.6) (46.8) (21.9) (5.9) (10.6)
6 Inventories
At March 31,
2010 2009 2008
1M 1M 1M
Consumables................................................................
.............................
2.5 2.1 2.0
In the view of the directors, there are no material differences between the replacement cost of
inventories and the balance sheet amounts.