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Financial instruments - Fair values and risk management (Tables)

12 Months Ended

Mar. 31, 2021

Financial instruments - Fair values and risk management

Schedule of carrying value of financial assets by class and measurement category

				Cash-		Fair value		Total
		Amortized		Flow		through		Carrying		Total Fair
		Cost		Hedges		Profit & Loss		Value		Value
		€M		€M		€M		€M		€M
At March 31, 2021
Cash and cash equivalents		2,650.7		—		—		2,650.7		—
Financial asset: cash > 3 months		465.5		—		—		465.5		—
Restricted cash		34.1		—		—		34.1		—
Derivative financial instruments:
- U.S. dollar currency forward contracts		—		208.9		—		208.9		208.9
- Cross-currency swaps		—		3.0		—		3.0		3.0
- GBP currency swaps		—		5.4		—		5.4		5.4
Trade receivables		18.6		—		—		18.6		—
Other assets		—		—		—		—		—
Total financial assets at March 31, 2021		3,168.9		217.3		—		3,386.2		217.3

				Cash-		Fair value		Total
		Amortized		Flow		through		Carrying		Total Fair
		Cost		Hedges		Profit & Loss		Value		Value
		€M		€M		€M		€M		€M
At March 31, 2020
Cash and cash equivalents		2,566.4		—		—		2,566.4		—
Financial asset: cash > 3 months		1,207.2		—		—		1,207.2		—
Restricted cash		34.4		—		—		34.4		—
Derivative financial instruments:
- U.S. dollar currency forward contracts		—		663.7		—		663.7		663.7
- Interest rate swaps		—		8.0		—		8.0		8.0
Trade receivables		67.5		—		—		67.5		—
Other assets		2.3		—		—		2.3		—
Total financial assets at March 31, 2020		3,877.8		671.7		—		4,549.5		671.7

				Cash-		Fair value		Total
		Amortized		Flow		through		Carrying		Total Fair
		Cost		Hedges		Profit & Loss		Value		Value
		€M		€M		€M		€M		€M
At March 31, 2019
Cash and cash equivalents		1,675.6		—		—		1,675.6		—
Financial asset: cash > 3 months		1,484.4		—		—		1,484.4		—
Restricted cash		34.9		—		—		34.9		—
Derivative financial instruments:
- U.S. dollar currency forward contracts		—		527.7		—		527.7		527.7
- Interest rate swaps		—		4.0		—		4.0		4.0
- Jet fuel derivative contracts		—		4.5		—		4.5		4.5
Trade receivables		59.5		—		—		59.5		—
Other assets		0.8		—		—		0.8		—
Total financial assets at March 31, 2019		3,255.2		536.2		—		3,791.4		536.2

Schedule of carrying value of financial liabilities by class and measurement category

		Liabilities at				Fair value		Total
		Amortized		Cash-Flow		through		Carrying		Total Fair
		Cost		Hedges		Profit & Loss		Value		Value
		€M		€M		€M		€M		€M
At March 31, 2021
Current and non-current maturities of debt		5,243.7		—		—		5,243.7		5,356.4
Derivative financial instruments:
-U.S. dollar currency forward contracts		—		40.0		25.8		65.8		65.8
-Jet fuel & carbon derivative contracts		—		19.8		—		19.8		19.8
-Interest rate swaps		—		—		—		—		—
Trade payables (Current)		336.0		—		—		336.0		—
Trade payables (Non-current)		179.9		—		—		179.9		179.9
Accrued expenses		887.3		—		—		887.3		—
Total financial liabilities at March 31, 2021		6,646.9		59.8		25.8		6,732.5		5,621.9
		Liabilities at				Fair value		Total
		Amortized		Cash-Flow		through		Carrying		Total Fair
		Cost		Hedges		Profit & Loss		Value		Value
		€M		€M		€M		€M		€M
At March 31, 2020
Current and non-current maturities of debt		3,965.3		—		—		3,965.3		3,495.8
Derivative financial instruments:
-U.S. dollar currency forward contracts		—		2.2		—		2.2		2.2
-Jet fuel derivative contracts		—		1,228.3		—		1,228.3		1,228.3
-Interest rate swaps		—		—		—		—		—
Trade payables		1,368.2		—		—		1,368.2		—
Accrued expenses		1,553.1		—		—		1,553.1		—
Total financial liabilities at March 31, 2020		6,886.6		1,230.5		—		8,117.1		4,726.3
		Liabilities at				Fair value		Total
		Amortized		Cash-Flow		through		Carrying		Total Fair
		Cost		Hedges		Profit & Loss		Value		Value
		€M		€M		€M		€M		€M
At March 31, 2019
Current and non-current maturities of debt		3,644.4		—		—		3,644.4		3,725.3
Derivative financial instruments:
-U.S. dollar currency forward contracts		—		8.0		—		8.0		8.0
-Jet fuel derivative contracts		—		189.7		—		189.7		189.7
-Interest rate swaps		—		—		—		—		—
Trade payables		573.8		—		—		573.8		—
Accrued expenses		320.8		—		—		320.8		—
Total financial liabilities at March 31, 2019		4,539.0		197.7		—		4,736.7		3,923.0

Schedule of estimated fair values

		Level 1		Level 2		Level 3		Total
		€M		€M		€M		€M
At March 31, 2021
Derivative assets measured at fair value for risk management purposes
U.S. dollar currency forward contracts		—		208.9		—		208.9
GBP currency swap		—		5.4		—		5.4
Cross-currency swaps		—		3.0		—		3.0
		—		217.3		—		217.3
Derivative liabilities measured at fair value for risk management purposes
U.S. currency forward contracts		—		65.8		—		65.8
Jet fuel		—		19.8		—		19.8
		—		85.6		—		85.6
Liabilities not measured at fair value
Debt		—		5,356.4		—		5,356.4
Non-current trade payables		—		179.9		—		179.9
				5,536.3				5,536.3

		Level 1		Level 2		Level 3		Total
		€M		€M		€M		€M
At March 31, 2020
Derivative assets measured at fair value for risk management purposes
U.S. dollar currency forward contracts		—		663.7		—		663.7
Jet fuel & carbon derivative contracts		—		—		—		—
Cross-currency swaps		—		8.0		—		8.0
		—		671.7		—		671.7
Derivative liabilities measured at fair value for risk management purposes
U.S. currency forward contracts		—		2.2		—		2.2
Jet fuel & carbon derivative contracts		—		1,228.3		—		1,228.3
		—		1,230.5		—		1,230.5
Liabilities not measured at fair value
Long-term debt		—		3,495.8		—		3,495.8

		Level 1		Level 2		Level 3		Total
		€M		€M		€M		€M
At March 31, 2019
Derivative assets measured at fair value for risk management purposes
U.S. dollar currency forward contracts		—		527.7		—		527.7
Jet fuel derivative contracts		—		4.5		—		4.5
Cross-currency swaps		—		4.0		—		4.0
		—		536.2		—		536.2
Derivative liabilities measured at fair value for risk management purposes
U.S. currency forward contracts		—		8.0		—		8.0
Jet fuel derivative contracts		—		189.7		—		189.7
		—		197.7		—		197.7
Liabilities not measured at fair value
Long-term debt		—		3,725.3		—		3,725.3

Schedule of monetary assets

		At March 31,
		2021						2020						2019
		GBP		U.S.$		Euro €		GBP		U.S.$		Euro €		GBP		U.S.$		Euro €
		£M		$M		€M		£M		$M		€M		£M		$M		€M
Monetary assets
U.K. pounds sterling cash and liquid resources		8.1		—		9.5		22.5		—		25.3		17.0		—		19.6
U.S. Dollar cash and liquid resources		—		506.7		432.0		—		2,150.1		1,949.5		—		485.2		432.5
		8.1		506.7		441.5		22.5		2,150.1		1,974.8		17.0		485.2		452.1

Schedule of monetary liabilities

		At March 31,
		2021						2020						2019
		GBP		U.S.$		Euro €		GBP		U.S.$		Euro €		GBP		U.S.$		Euro €
		£M		$M		€M		£M		$M		€M		£M		$M		€M
Monetary liabilities
U.S. dollar long term debt		—		95.7		81.6		—		129.2		117.1		—		202.4		180.5
U.K. GBP debt		597.3		—		701.8		—		—		—				—		—
Pre-delivery payments due to Boeing		—		517.3		441.1		—		1,051.8		957.6		—		—		—
		597.3		613.0		1,224.5		—		1,181.0		1,074.7		—		202.4		180.5

Schedule of exchange rates

		At March 31,
		2021		2020		2019
		€		€		€
USD 1.0000		1.1728		1.1029		1.1217
GBP 1.0000		0.8510		0.8883		0.8606

Schedule of notional amounts of currency forward contract

The notional principal amounts of forward foreign exchange contracts are as follows:

		At March 31,
		2021		2020		2019
		€M		€M		€M
Within Year 1		1,506.9		3,670.9		4,007.0
Greater than 1 Year		1,562.4		4,075.7		4,665.0
Total		3,069.3		7,746.6		8,672.0

Schedule of maturity profile of financial liabilities

The following was the maturity profile of the Group’s financial liabilities (excluding aircraft provisions, trade payables and accrued expenses).

		Weighted
		average										2026 -
		rate		2022		2023		2024		2025		2027		Total
At March 31, 2021		(%)		€M		€M		€M		€M		€M		€M
Fixed rate
Secured debt		2.47%		63.5		61.4		51.3		11.3		—		187.5
Unsecured debt		1.46%		1,617.4		916.2		808.9		49.0		849.0		4,240.5
Debt		1.50%		1,680.9		977.6		860.2		60.3		849.0		4,428.0
Lease liabilities - right of use		2.39%		52.5		53.8		48.1		24.8		3.9		183.1
Total fixed rate debt				1,733.4		1,031.4		908.3		85.1		852.9		4,611.1
Floating rate
Secured long term debt		0.70%		45.0		20.7		—		—		—		65.7
Unsecured long term debt				—		—		—		750.0		—		750.0
Total floating rate debt		0.70%		45.0		20.7		—		750.0		—		815.7
Total financial liabilities				1,778.4		1,052.1		908.3		835.1		852.9		5,426.8

		Weighted
		average										2025 -
		rate		2021		2022		2023		2024		2026		Total
At March 31, 2020		(%)		€M		€M		€M		€M		€M		€M
Fixed rate
Secured long term debt		2.48%		63.8		65.4		63.0		52.2		12.1		256.5
Unsecured long term debt		1.32%		34.0		876.9		877.5		770.2		50.0		2,608.6
Long term debt		1.42%		97.8		942.3		940.5		822.4		62.1		2,865.1
Finance leases		2.51%		116.0		—		—		—		—		116.0
Lease liabilities - right of use		2.47%		75.0		51.6		52.1		46.0		21.2		245.9
Total fixed rate debt				288.8		993.9		992.6		868.4		83.3		3,227.0
Floating rate
Secured long term debt		0.58%		105.9		45.0		20.7		—		—		171.6
Unsecured long term debt				—		—		—		—		750.0		750.0
Finance leases		1.19%		62.6		—		—		—		—		62.6
Total floating rate debt		0.62%		168.5		45.0		20.7		—		750.0		984.2
Total financial liabilities				457.3		1,038.9		1,013.3		868.4		833.3		4,211.2

		Weighted
		average										2024 -
		rate		2020		2021		2022		2023		2025		Total
At March 31, 2019		(%)		€M		€M		€M		€M		€M		€M
Fixed rate
Secured long term debt		2.52%		75.8		63.3		64.9		62.5		63.8		330.3
Unsecured long term debt		1.30%		34.0		34.0		876.9		877.5		819.7		2,642.1
Long term debt		1.44%		109.8		97.3		941.8		940.0		883.5		2,972.4
Finance leases		2.54%		(2.8)		116.0		—		—		—		113.2
Total fixed rate debt				107.0		213.3		941.8		940.0		883.5		3,085.6
Floating rate
Secured long term debt		0.75%		181.1		161.9		105.8		26.0		—		474.8
Finance leases		1.27%		21.4		62.6		—		—		—		84.0
Total floating rate debt		0.83%		202.5		224.5		105.8		26.0		—		558.8
Total financial liabilities				309.5		437.8		1,047.6		966.0		883.5		3,644.4

Schedule of significant cash balances invested on short term basis

		At March 31,
		2021		2020		2019
		Within		Within		Within
		1 year		1 year		1 year
Financial assets		€M		€M		€M
Cash and cash equivalents		2,650.7		2,566.4		1,675.6
Cash > 3 months		465.5		1,207.2		1,484.4
Restricted cash		34.1		34.4		34.9
Total financial assets		3,150.3		3,808.0		3,194.9

Schedule of maturities of contractual cash flows of financial liabilities

		Total		Total
		Carrying		Contractual
		Value		Cash Flows		2022		2023		2024		2025		Thereafter
At March 31, 2021		€M		€M		€M		€M		€M		€M		€M
Long and short term debt and leases:
- Fixed rate debt:        1.40%		4,428.0		4,646.7		1,746.7		1,022.8		894.2		85.1		897.9
- Floating rate debt:    0.70%		815.7		834.4		50.8		26.5		5.7		751.4		—
- Lease liabilities – Right of use		183.1		189.0		56.3		54.6		49.7		24.5		3.9
		5,426.8		5,670.1		1,853.8		1,103.9		949.6		861.0		901.8
Derivative financial instruments
- Currency forward contracts – outflows		65.8		3,181.9		2,718.7		428.7		8.9		22.9		2.7
- Currency forward contracts – inflows				(3,117.2)		(2,662.8)		(418.7)		(9.1)		(23.8)		(2.8)
- Commodity forward contracts		19.8		19.8		19.8		—		—		—		—
Trade payables		515.9		515.9		336.0		130.0		26.8		23.1		—
Accrued expenses		887.3		887.3		887.3		—		—		—		—
Total at March 31, 2021		6,915.6		7,157.8		3,152.8		1,243.9		976.2		883.2		901.7

		Total		Total
		Carrying		Contractual
		Value		Cash Flows		2021		2022		2023		2024		Thereafter
At March 31, 2020		€M		€M		€M		€M		€M		€M		€M
Long term debt and leases:
- Fixed rate debt       1.42%		2,981.1		3,089.8		253.8		980.6		961.1		832.0		62.3
-Floating rate debt   0.62%		984.2		1,006.5		174.6		50.1		25.7		4.9		751.2
-Lease liabilities – Right of use		245.9		245.9		75.0		51.6		52.1		46.0		21.2
		4,211.2		4,342.2		503.4		1,082.3		1,038.9		882.9		834.7
Derivative financial instruments
- Currency forward contracts		2.2		2.2		2.2		—		—		—		—
- Commodity forward contracts		1,228.3		1,228.3		1,047.8		180.5		—		—		—
Trade payables		1,368.2		1,368.2		1,368.2		—		—		—		—
Accrued expenses		1,553.1		1,553.1		1,553.1		—		—		—		—
Total at March 31, 2020		8,363.0		8,494.0		4,474.7		1,262.8		1,038.9		882.9		834.7

		Total		Total
		Carrying		Contractual
		Value		Cash Flows		2020		2021		2022		2023		Thereafter
At March 31, 2019		€M		€M		€M		€M		€M		€M		€M
Long term debt and finance leases:
- Fixed rate debt:       1.48%		3,085.6		3,242.0		151.6		256.0		980.1		960.6		893.7
- Floating rate debt:   0.83%		558.8		562.3		204.8		226.5		105.3		25.7		—
		3,644.4		3,804.3		356.4		482.5		1,085.4		986.3		893.7
Derivative financial instruments
- Currency forward contracts		8.0		8.0		—		—		0.6		4.6		2.8
- Commodity forward contracts		189.7		189.7		189.7		—		—		—		—
Trade payables		573.8		573.8		573.8		—		—		—		—
Accrued expenses		320.8		320.8		320.8		—		—		—		—
Total at March 31, 2019		4,736.7		4,896.6		1,440.7		482.5		1,086.0		990.9		896.5

Schedule of derivative financial instruments

Derivative financial instruments:
	At March 31,
	2021		2020		2019
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	170.1		495.3		284.7
Fuel and oil operating expenses	(27.0)		166.2		235.0
GBP currency swaps	5.4		—		—
Interest rate risk
Variable-rate instruments	3.0		8.0		4.0
Commodity price risk
Fuel and carbon operating expenses	(19.8)		(1,228.3)		(185.3)
Net derivative position at year end	131.7		(558.8)		338.4

Schedule of change in gross value used for calculating hedge ineffectiveness

Change in gross value used for calculating hedge ineffectiveness:
	At March 31,
	2021		2020		2019
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	356.7		(170.8)		697.7
Fuel and oil operating expenses	210.6		131.0		425.2
GBP currency swap	(5.4)		—		—
Interest rate risk
Variable-rate instruments	5.1		(3.8)		(10.1)
Commodity price risk
Fuel and carbon operating expenses	(1,108.5)		271.9		(688.0)
Total	(541.5)		228.3		424.8

Schedule of hedged items

	At March 31, 2021
	Continuing		Balance
	hedges		remaining **		Total
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	139.7		102.3		242.0
Fuel and oil operating expenses	(10.6)		—		(10.6)
GBP currency swaps	5.4		—		5.4
Interest rate risk
Variable-rate instruments	(6.1)		—		(6.1)
Commodity price risk
Fuel and carbon operating expenses	(14.0)		—		(14.0)
Gross cashflow hedge reserve	114.4		102.3		216.7
*Deferred taxes included in Hedge reserve were €5m
** Balance remaining in the cashflow hedge reserve for which hedge accounting is no longer applied
	At March 31, 2020
	Continuing		Balance
	hedges		remaining **		Total
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	406.3		47.8		454.1
Fuel and oil operating expenses	97.0		—		97.0
Interest rate risk
Variable-rate instruments	(2.8)		—		(2.8)
Commodity price risk
Fuel and carbon operating expenses	(711.8)		—		(711.8)
Gross cashflow hedge reserve	(211.3)		47.8		(163.5)
* Deferred taxes included in Hedge reserve were €52m
** Balance remaining in the cashflow hedge reserve for which hedge accounting is no longer applied
	At March 31, 2019
	Continuing		Balance
	hedges		remaining **		Total
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	284.6		—		284.6
Fuel and oil operating expenses	235.0		—		235.0
Interest rate risk
Variable-rate instruments	(17.4)		—		(17.4)
Commodity price risk
Fuel and carbon operating expenses	(185.3)		—		(185.3)
Gross cashflow hedge reserve	316.9		—		316.9
* Deferred taxes included in Hedge reserve were €42m
** Balance remaining in the cashflow hedge reserve for which hedge accounting is no longer applied

Schedule of movement in derivative financial instruments designated as hedging instruments

	At March 31, 2021
	Change in		Hedge ineffectiveness		Reclassified from
	fair value		recognized in		hedging reserve
	recognized in OCI		profit or loss*		to profit or loss**
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	(356.7)		38.4		—
Fuel and oil operating expenses	(210.6)		(57.1)		5.2
GBP currency swaps	5.4		—		—
Interest rate risk
Variable-rate instruments	(5.1)		—		0.1
Commodity price risk
Fuel and carbon operating expenses	1,108.5		(153.1)		(263.5)
Total movement in derivative instruments	541.5		(171.8)		(258.2)
	At March 31, 2020
	Change in		Hedge ineffectiveness		Reclassified from
	fair value		recognized in		hedging reserve
	recognized in OCI		profit or loss*		to profit or loss**
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	170.8		40.0		—
Fuel and oil operating expenses	(131.0)		69.2		(7.0)
Interest rate risk
Variable-rate instruments	3.8		—		0.2
Commodity price risk
Fuel and carbon operating expenses	(271.9)		(516.4)		(254.8)
Total movement in derivative instruments	(228.3)		(407.2)		(261.6)
	At March 31, 2019
	Change in		Hedge ineffectiveness		Reclassified from
	fair value		recognized in		hedging reserve
	recognized in OCI		profit or loss*		to profit or loss**
	€M		€M		€M
Foreign currency risk
Property, plant and equipment - aircraft additions	(697.7)		—		—
Fuel and oil operating expenses	(425.2)		—		8.8
Interest rate risk
Variable-rate instruments	(10.1)		—		(0.6)
Commodity price risk
Fuel and carbon operating expenses	688.0		—		(293.0)
Total movement in derivative instruments	(445.0)		—		(284.8)
* Hedge ineffectiveness is classified within “Finance Expense” on the Consolidated Income Statement
** Reclassified from hedging reserve to profit or loss – Fuel & Oil Foreign Currency & Commodity are reclassified in Fuel and Oil; Variable rate instruments are reclassified to Finance expense

Schedule of reclassified from other comprehensive income into the income statement

		At March 31,
		2021		2020		2019
		€M		€M		€M
Commodity forward contracts
Reclassification adjustments for (gains)/losses recognized in fuel and oil operating expenses		(263.5)		(254.8)		293.0
Interest rate swaps
Reclassification adjustments for (gains)/losses recognized in finance expense		0.1		0.2		0.6
Foreign currency forward contracts
Reclassification adjustments for (gains) recognized in fuel and oil operating expenses		(5.2)		(7.0)		(8.8)
		(268.6)		(261.6)		284.8

Schedule of reclassified from other comprehensive income into the capitalized cost

		At March 31,
		2021		2020		2019
		€M		€M		€M
Foreign currency forward contracts
Recognized in property plant and equipment – aircraft additions		5.0		—		59.6
		5.0		—		59.6

Schedule of derivatives that are designated as cash flow hedges were expect to occur and to impact on profit or loss

		At March 31,
		2021							2020							2019
		Within		> 1 Year					Within		> 1 Year					Within		> 1 Year
		1 Year		(non—					1 Year		(non—					1 Year		(non—
		(current)		current)		Total			(current)		current)		Total			(current)		current)		Total
		€M		€M		€M			€M		€M		€M			€M		€M		€M
Foreign currency risk notional amounts
for effective hedges
PP&E — aircraft additions		1,632.7		1,935.7		3,568.4			1,519.8		2,763.7		4,283.5			1,455.8		3,982.0		5,437.8
Fuel and oil operating expenses		1,202.2		—		1,202.2			—		1,312.0		1,312.0			2,515.9		718.9		3,234.8
GBP currency swaps		695.3		—		695.3			—		—		—			—		—		—
—  Within derivative financial assets		104.9		109.4		214.3			291.2		372.5		663.7			307.0		220.7		527.7
—  Within derivative financial liabilities		(59.4)		(6.4)		(65.8)			(2.2)		—		(2.2)			—		(8.0)		(8.0)
		45.5		103.0		148.5			289.0		372.5		661.5			307.0		212.7		519.7
Interest rate risk notional amounts for effective hedges
Variable—rate instruments		13.4		38.2		51.6			64.8		—		64.8			(77.8)		—		(77.8)
Total fair value for all interest rate risk related derivative instruments
—  Within derivative financial assets		1.0		2.0		3.0			2.0		6.0		8.0			1.7		2.3		4.0
		1.0		2.0		3.0			2.0		6.0		8.0			1.7		2.3		4.0
Commodity price risk notional amounts for effective hedges
Fuel and carbon operating expenses		577.6		—		577.6			—		672.7		672.7			(2,482.1)		—		(2,482.1)
Total fair value for all interest rate risk related derivative instruments:
—  Within derivative financial assets		—		—		—			—		—		—			—		4.5		4.5
—  Within derivative financial liabilities		(19.8)		—		(19.8)			(1,047.8)		(180.5)		(1,228.3)			(189.7)		—		(189.7)
		(19.8)		—		(19.8)			(1,047.8)		(180.5)		(1,228.3)			(189.7)		4.5		(185.2)
Fair values as reported in the consolidated balance sheet
Derivative financial assets		106.0		111.3		217.3			293.2		378.5		671.7			308.7		227.5		536.2
Derivative financial liabilities		(79.2)		(6.4)		(85.6)			(1,050.0)		(180.5)		(1,230.5)			(189.7)		(8.0)		(197.7)
Derivative financial assets analyzed between those:
— Designated as continuing cash flow hedges		72.3		98.1		170.4			184.0		378.5		562.5			308.7		227.5		536.2
—  Where hedge accounting is no longer applied		33.7		13.2		46.9			109.2		—		109.2			—		—		—
		106.0		111.3		217.3			293.2		378.5		671.7			308.7		227.5		536.2
Derivative financial liabilities analyzed between those:
— Designated as continuing cash flow hedges		(36.9)		(0.6)		(37.5)			(533.5)		(180.5)		(714.0)			(189.7)		(8.0)		(197.7)
—  Where hedge accounting is no longer applied		(22.4)		—		(22.4)			(516.5)		—		(516.5)			—		—		—
—  Designated as fair value financial instruments		(19.9)		(5.8)		(25.7)			—		—		—			—		—		—
		(79.2)		(6.4)		(85.6)			(1,050.0)		(180.5)		(1,230.5)			(189.7)		(8.0)		(197.7)

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