Ryanair 2011 Annual Report Download - page 156

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154
Available
For Sale
Cash-Flow
Hedges
Fair-Value
Hedges
Loans and
Receivables
Total
Carrying
Value
Total Fair
Value
1M 1M 1M 1M 1M 1M
At March 31, 2009
Available-for-sale financial assets
................................
93.2 - - - 93.2 93.2
Cash and cash equivalents
................................
- - - 1,583.2 1,583.2 1,583.2
Financial asset: cash > 3 months
................................
- - - 403.4 403.4 403.4
Restricted cash ................................
................................
- - - 291.6 291.6 291.6
Derivative financial instruments
- FX on aircraft purchase firm
commitments ................................
................................
- - 0.7 - 0.7 0.7
- U.S. dollar currency forward
contracts ................................
................................
- 189.3 - - 189.3 189.3
Trade receivables ................................
................................
- - - 41.8 41.8 41.8
Total financial assets at March 31,
2009 ................................
................................
93.2 189.3 0.7 2,320.0 2,603.2 2,603.2
The carrying values and fair values of the Company’s financial liabilities by class and category were as
follows:
Amortised
Cost
Cash-Flow
Hedges
Fair-Value
Hedges
Total
Carrying
Value
Total Fair
Value
1M 1M 1M 1M 1M
At March 31, 2011
Long-term debt ................................
................................
3,649.4
-
-
3,649.4
3,621.1
Derivative financial instruments
- U.S. dollar currency forward
contracts ................................
................................
- 72.0 - 72.0 72.0
- Interest rate swaps ................................
................................
-
61.7
-
61.7
61.7
Aircraft maintenance provision on operating
leased aircraft ................................
................................
84.7
-
-
84.7
84.7
Trade payables ................................
................................
150.8
-
-
150.8
150.8
Accrued expenses ................................
................................
273.2 - - 273.2 273.2
Total financial liabilities at March 31, 2011
................................
4,158.1 133.7 - 4,291.8 4,263.5
At March 31, 2010
Long-term debt ................................
................................
2,956.2 - - 2,956.2 2,955.8
Derivative financial instruments
- Interest rate swaps ................................
................................
- 76.4 - 76.4 76.4
Aircraft maintenance provision on operating
leased aircraft ................................
................................
92.6
-
-
92.6
92.6
Trade payables ................................
................................
154.0 - - 154.0 154.0
Accrued expenses ................................
................................
260.3 - - 260.3 260.3
Total financial liabilities at March 31, 2010
................................
3,463.1 76.4 - 3,539.5 3,539.1
At March 31, 2009
Long-term debt ................................
................................
2,398.4 - - 2,398.4 2,398.1
Derivative financial instruments
- Interest rate swaps ................................
................................
- 84.8 - 84.8 84.8
- Jet fuel derivative contracts
................................
- 106.7 - 106.7 106.7
Aircraft maintenance provision on operating
leased aircraft ................................
................................
61.9
-
-
61.9
61.9
Trade payables ................................
................................
132.7 - - 132.7 132.7
Accrued expenses ................................
................................
226.4 - - 226.4 226.4
Total financial liabilities at March 31, 2009
................................
2,819.4 191.5 - 3,010.9 3,010.6