Singapore Airlines 2010 Annual Report Download - page 143

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ANNUAL REPORT 2009/10
141
15 Other Reserves (in $ million) (continued)
(d) Fair value reserve (continued)
Fair value changes of derivative financial instruments designated as hedging instruments in cash flow hedges:
The Group The Company
31 March 31 March
2010 2009 2010 2009
Balance at 1 April (655.8) 442.5 (494.1) 199.0
Net gain/(loss) on fair value changes 509.9 (1,098.3) 408.8 (693.1)
Balance at 31 March (145.9) (655.8) (85.3) (494.1)
Gain/(Loss) on fair value changes 45.8 (1,099.1) 36.0 (904.3)
Share of associated companies’ net gain/(loss)
on fair value reserve 0.8 (242.7) - -
Recognised in the carrying value of non-financial assets on
occurrence of capital expenditure commitments 6.3 20.6 6.3 20.6
Recognised in the profit and loss account on occurrence of:
Fuel hedging contracts recognised in “Fuel costs” 463.1 289.1 381.8 251.5
Foreign currency contracts recognised in
“Other operating expenses” (14.0) (69.4) (15.3) (60.9)
Interest rate swap contracts recognised in
“Finance charges” 7.9 3.2 - -
509.9 (1,098.3) 408.8 (693.1)
Total fair value reserve (140.9) (660.8) (85.3) (496.0)
16 Deferred Account (in $ million)
The Group The Company
31 March 31 March
2010 2009 2010 2009
Deferred gain on sale and leaseback transactions
- operating leases 82.0 164.3 62.6 113.5
- finance leases 17.4 40.8 - -
99.4 205.1 62.6 113.5
Deferred credit 381.3 468.8 381.3 468.8
480.7 673.9 443.9 582.3