Aer Lingus 2009 Annual Report Download - page 81

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Financial Statements Aer Lingus Group Plc – Annual Report 2009
21 Gross cash, deposits and cash and cash equivalents [continued]
Cash and cash equivalents include the following for the purposes of the statement of cash flows:
2009 2008
€’000 €’000
Cash and deposits with an original maturity of less than three months 13,762 6,081
The carrying amount of the Group’s deposits and cash and cash equivalents are denominated in the following currencies:
2009 2008
€’000 €’000
Euro 404,948 611,291
US dollar 343,939 307,163
Pound sterling 736 1,861
Other 1,537 2,064
751,160 922,379
Current deposits have maturity terms of between three and twelve months. Given that the maturity of these investments falls outside
the three months timeframe for classification as cash and cash equivalents under IAS 7 Statement of Cash Flows, the related balances
have been treated as deposits. The effective interest rate on financial assets classified as current deposits was 2.02% (2008: 3.8%).
These deposits have an average maturity of 79 days (2008: 84 days).
The Group holds deposits in order to meet certain finance lease obligations, which are denominated in the same currency, and non-
current deposits mainly comprise of these. The deposits, together with the interest receivable thereon, will be sufficient to meet in
full the lease obligations and related lease interest over the period of the leases. Restricted deposits are also held to meet certain
loan obligations.
22 Trade and other payables
2009 2008
€’000 €’000
Trade payables 66,415 67,066
Accruals and deferred income 72,643 91,334
Ticket sales in advance 118,451 146,779
Employment related taxes 12,986 15,561
Other amounts payable 70,215 95,098
340,710 415,838
The carrying amounts of trade and other payables approximate their fair value.