"Ineffective cash flow hedges and non-designated derviates" totall $(114.5) million. Foreign Exchange Losses total $(54.6) million.
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Of that grand total of
$170 million $141 million is unrealised which could potentially turn around, it could also potentially worsen given what has happened with the market since 31DEC08.
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I hope those incharge of that have been sacked and someone hired to fix up that mess. As BG has been at the helm through all of this you would have to say its time to move on. However who is going to want to take on this mess as it does appear that things will only get worse before they get better.
As zero has said someone might call ASIC and make a grab for whats left over. I hope that BG and RB will talk anyone out of that as I don't want to see 5000+ people looking for a new job.
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As far as assets to liabilites go have VBA written down the value of the aircraft yet or are they valued at purchase price? You would hardly pay full price at the moment for used 737's.
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These financial statements offer more questions than answers. Smarter people than I will work through them.
