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FINANCIAL STATEMENTS Aer Lingus Group Plc
ANNUAL REPORT 2012
98
Excluding loans and receivables, the carrying amount of the Group’s cash, cash equivalents and other deposits are denominated in the following
currencies:
2012 2011
€’000 €’000
Euro 538,617 509,651
US dollar 318,187 341,106
Sterling 5,487 957
Other 2,868 858
865,159 852,572
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 0.54% (2011: 1.41%). These deposits have an average
maturity of 145 days (2011: 130 days).
The Group holds deposits in order to meet certain finance lease obligations, which are denominated in the same currency, and non-current
deposits are mainly comprised 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 lease obligations.
24 Trade and other payables
2012 2011
€’000 €’000
Trade payables 53,716 60,514
Accruals and deferred income 47,973 46,888
Ticket sales in advance, excluding taxes and charges ¹ 129,469 128,025
Employment related taxes 7,348 8,263
Other amounts payable 45,133 49,763
283,639 293,453
¹The total value of ticket sales in advance at year end was €163.3 million (2011: €164.5 million).
The carrying values of trade and other payables approximate their fair value.
25 Finance lease obligations
2012 2011
€’000 €’000
Repayable – within one year 41,979 40,266
Repayable – from one to two years 118,043 42,302
Repayable – from two to five years 143,293 235,229
Repayable – after five years 228,272 259,440
Total borrowings 531,587 577,237
Less current portion (41,979) (40,266)
Non-current portion 489,608 536,971
Total borrowings include secured liabilities (bank and collateralised borrowings) of €531.6 million (2011: €577.2 million). Finance lease debt is
secured by aircraft assets (Note 14).
Notes to the consolidated financial statements (continued)