20495_Debenhams_AR_151104

The following table shows the Group’s financial assets and liabilities that are measured at fair value:
Level 1
£m
Level 2
£m
At 29 August 2015
Assets
Available-for-sale financial assets 2.1 – 2.1
Derivative financial instruments:
‒ Forward foreign currency contracts held as
cash flow hedges – 25.6 25.6
‒ Other forward foreign currency contracts – 3.9 3.9
Total assets 2.1 29.5 31.6
Liabilities
Derivative financial instruments:
‒ Interest rate swaps held as cash flow hedges – (0.7) (0.7)
‒ Forward foreign currency contracts held as
cash flow hedges – (1.3) (1.3)
‒ Other forward foreign currency contracts – (0.4) (0.4)
Total liabilities – (2.4) (2.4)
Level 1
£m
Level 2
£m
At 30 August 2014
Assets
Available-for-sale financial assets 3.6 – 3.6
Derivative financial instruments:
‒ Interest rate swaps held as cash flow hedges – 0.6 0.6
‒ Forward foreign currency contracts held as
cash flow hedges – 3.8 3.8
‒ Other forward foreign currency contracts – 0.1 0.1
Total assets 3.6 4.5 8.1
Liabilities
Derivative financial instruments:
‒ Interest rate swaps held as cash flow hedges – (1.4) (1.4)
‒ Forward foreign currency contracts held as
cash flow hedges – (9.9) (9.9)
‒ Other forward foreign currency contracts – (2.8) (2.8)
Total liabilities – (14.1) (14.1)
The Group’s policy is to recognise transfers into and out of fair value hierarchy levels as at the date of the event or
change in circumstances that caused the transfer. There has been no transfer of assets or liabilities between levels of
the fair value hierarchy during the year. None of the Group’s financial assets and liabilities are classed as level 3 within
the fair value hierarchy.
Total
£m
Total
£m
Strategic Report 1-37 Governance 38-58 Financial Statements XX-XX 86-153
125
Debenhams Debenhams plc Annual plc Annual Report Report & Accounts & 2015
125