2009 - Jaarverslag

OTHER INFORMATION51.5 Hedge accountingThe table below shows the periods in which the cash flows relating to derivatives serving as cash flow hedgingand to which hedge accounting is applied are expected to take place and in which they will affect the profit orloss.2009 Book valueExpectedcash flow6 monthsor less6-12months 1-2 years 2-5 years > 5 yearsInterest rate swapsAssets – – – – – – –Liabilities – 0.2 – 0.2 – 0.4 – 0.2 – 0.1 0.5 –Interest rate capsAssets 0.1 – – – – – –Liabilities – – – – – – –2008 Book valueExpectedcash flow6 monthsor less6-12months 1-2 years 2-5 years > 5 yearsInterest rate swapsAssets – – – – – – –Liabilities – 0.1 – 0.1 – – – 0.3 0.2 –Interest rate capsAssets 0.2 – – – – – –Liabilities – – – – – – –51.6 Assets and liabilities included in the balance sheetChanges in the fair value of foreign exchange forward contracts and options which are used to hedge, in aneconomic sense, monetary assets and liabilities denominated in foreign currencies are stated in the statementof comprehensive income. Both changes in the fair value of forward contracts and options and the exchangerate differences relating to monetary balance sheet items are included as exchange rate differences under netfinancial expenses.132Royal Ten Cate Annual Report 2009