Ryanair 2011 Annual Report Download - page 152

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150
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 ................................
................................
189.3 182.8 123.1 38.3 21.3 0.1 -
Commodity forward contracts
................................
(106.7) (106.7) (106.7) - - - -
(2.2) (16.2) (5.6) 13.1 1.7 (10.8) (14.6)
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, 2011, 2010 and 2009:
Carrying
Amount
Expected
Cash
flows 2012 2013 2014 2015 Thereafter
1M 1M 1M 1M 1M 1M 1M
At March 31, 2011
Interest rate swaps
................................
(37.8) (18.7)
(19.6)
(9.5)
(1.6)
2.8
9.2
U.S. dollar currency forward
contracts ................................
................................
(75.7) (76.3)
(68.3)
(7.6)
(0.1)
(0.1)
(0.2)
U.S. dollar currency forward
contracts capitalised in property
plant and equipment – aircraft
additions ................................
................................
3.7 3.6
4.6
(1.0)
-
-
-
Commodity forward contracts
................................
383.8 383.8
383.8
-
-
-
-
274.0 292.4 300.5 (18.1) (1.7) 2.7 9.0
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)