Notes to the annual financial statements

14.	derivative instruments
	The following derivative instruments existed at 31 March:
	Assets	Currency value R million	2010 Forward value R million	Fair value R million	Currency value R million	2009 Forward value R million	Fair value R million
	Foreign exchange contracts
	Sell: USA dollar	35.9	281.4	12.4	18.1	186.6	9.3
				12.4			9.3
	Other derivative instruments
	Conversion right on preference shares			132.6			–
	Soy option contracts			–			2.0
	Exchange option contracts			–			4.3
				132.6			6.3

				145.0			15.6

	Liabilities	Currency value R million	2010 Forward value R million	Fair value R million	Currency value R million	2009 Forward value R million	Fair value R million
	Foreign exchange contracts
	Buy: Euro	1.0	10.1	0.2	3.5	3.5	–
	USA dollar	–	–	–	89.3	85.8	3.6
	GBP	1.0	10.2	0.7	–	–	–
				0.9			3.6
	Other derivative instruments
	Commodity option contracts			0.1			2.1
	Exchange option contracts			–			10.5
	Interest rate swaps			2.4			1.7
				2.5			14.3

				3.4			17.9

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14.