| |
|
| 13. |
DERIVATIVE INSTRUMENTS |
| |
The following material derivative instruments existed at 31 March: |
| |
|
|
2008 |
|
|
2007 |
|
| |
|
Currency |
Forward |
Fair |
Currency |
Forward |
Fair |
| |
|
value |
value |
value |
value |
value |
value |
| |
Assets |
million |
R million |
R million |
million |
R million |
R million |
| |
Foreign exchange contracts |
|
|
|
|
|
|
| |
Buy: USA dollar |
11.7 |
95 |
8.8 |
1.3 |
8.7 |
2.6 |
| |
Other |
2.0 |
26.2 |
2.5 |
– |
– |
– |
| |
Sell: USA dollar |
– |
– |
– |
20.5 |
154.4 |
3.1 |
| |
|
|
|
11.3 |
|
|
5.7 |
| |
Other derivative instruments |
|
|
|
|
|
|
| |
Sugar selling contracts |
|
|
0.3 |
|
|
9.7 |
| |
Maize option contracts |
|
|
– |
|
|
0.3 |
| |
Exchange option contracts |
|
|
7.0 |
|
|
– |
| |
|
|
|
7.3 |
|
|
10.0 |
| |
|
|
|
|
|
|
|
| |
|
|
|
18.6 |
|
|
15.7 |
| |
|
|
|
|
|
|
|
| |
The following material derivative instruments existed at 31 March: |
| |
|
|
2008 |
|
|
2007 |
|
| |
|
Currency |
Forward |
Fair |
Currency |
Forward |
Fair |
| |
|
value |
value |
value |
value |
value |
value |
| |
Liabilities |
million |
R million |
R million |
million |
R million |
R million |
| |
Foreign exchange contracts |
|
|
|
|
|
|
| |
Buy: Euro |
1.0 |
11.6 |
1.1 |
– |
– |
– |
| |
USA dollar |
0.1 |
1.3 |
0.1 |
– |
– |
– |
| |
Other |
– |
– |
– |
0.1 |
0.8 |
– |
| |
Sell: USA dollar |
5.3 |
42.6 |
0.8 |
3.7 |
27.7 |
0.4 |
| |
|
|
|
2.0 |
|
|
0.4 |
| |
Other derivative instruments |
|
|
|
|
|
|
| |
Sugar selling contracts |
|
|
– |
|
|
9.3 |
| |
Maize selling contracts |
|
|
– |
|
|
16.9 |
| |
Soy option contracts |
|
|
1.3 |
|
|
– |
| |
|
|
|
1.3 |
|
|
26.2 |
| |
|
|
|
|
|
|
|
| |
|
|
|
3.3 |
|
|
26.6 |
