Air New Zealand 2010 Annual Report Download - page 37

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17. FINANCIAL INSTRUMENTS (CONTINUED)
GROUP AND COMPANY
AS AT 30 JUNE 2009
BALANCE
SHEET
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Foreign exchange derivatives:
- Inflow 3,034 2,837 197 - -
- Outflow (3,272) (3,047) (225) - -
(221) (238) (210) (28) - -
Fuel derivatives 57 46 46 - - -
(164) (192) (164) (28) - -
The accounting classification of each category of financial instruments, and their carrying amounts, are set out below:
GROUP
AS AT 30 JUNE 2010
LOANS AND
RECEIVABLES
$M
NON-HEDGE
ACCOUNTED*
$M
AMORTISED
COST
$M
HEDGE
ACCOUNTED
$M
CARRYING
AMOUNT
$M
FAIR
VALUE
$M
Classification and fair values
Assets
Bank and short term deposits 1,067 - - - 1,067 1,067
Other interest-bearing assets 137 - - - 137 137
Trade and other receivables (excluding prepayments) 272 - - - 272 272
Derivative financial assets - 10 - 62 72 72
Amounts owing from associates 3 - - - 3 3
Total financial assets 1,479 10 - 62 1,551 1,551
Liabilities
Trade and other payables - - 352 - 352 352
Interest-bearing liabilities - - 1,075 - 1,075 1,096
Derivative financial liabilities - 5 - 58 63 63
Amounts owing to associates - - 13 - 13 13
Total financial liabilities - 5 1,440 58 1,503 1,524
* Classified as held for trading in accordance with NZ IFRS 7.
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2010
35