19 Reserves
|
$million |
2019 |
2018 |
|---|---|---|
|
Hedging reserves |
||
|
Balance at the beginning of the reporting period |
(13.4) |
(20.6) |
|
Gains / (losses) recognised: |
||
|
Foreign exchange contracts |
3.4 |
- |
|
Interest rate swaps |
(123.1) |
3.5 |
|
Commodity forwards |
- |
6.8 |
|
Deferred tax arising on hedges |
35.9 |
(3.1) |
|
Balance at the end of the reporting period |
(97.2) |
(13.4) |
The hedging reserve represents hedging gains and losses recognised on the effective portion of cash flow hedges.
Visit
https://www.transparency.gov.au/annual-reports/snowy-hydro-limited/reporting-year/2018-2019-66