Aer Lingus 2009 Annual Report Download - page 77

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
Financial Statements Aer Lingus Group Plc – Annual Report 2009
17 Loans and receivables
Following amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures the
Group reclassified as loans and receivables, all the financial assets that had been previously classified as available-for-sale, with effect
from 1 July 2008. This reclassification was made as these financial assets meet the definition of loans and receivables and the Group has
the intention and ability to hold these financial assets until maturity.
Available-for-sale financial assets
2009 2008
€’000 €’000
At 1 January –105,823
Exchange differences –(7,141)
Interest income –1,464
Revaluation movement transferred to equity –562
Reclassification to loans and receivables –(100,708)
At 31 December ––
Less: non-current portion ––
Current portion – –
Loans and receivables
2009 2008
€’000 €’000
At 1 January 115,109 –
Reclassification from available-for-sale –100,708
Matured during the period (40,204) –
Exchange differences (1,749) 11,445
Interest income 4,150 2,956
At 31 December 77,306 115,109
Less: non-current portion (71,944) (80,983)
Current portion 5,362 34,126
There were no impairment provisions for loans and receivables in 2009 and 2008.
Loans and receivables comprise the following:
2009 2008
€’000 €’000
Unlisted securities:
– Zero-coupon debt securities traded on inactive markets with maturity dates
from September 2010 to September 2015 77,306 115,109