National Express Annual Reports and Accounts 2011

Annual Report and Accounts 2011

Note 17

Derivative financial assets and available for sale investments

2011
£m
2010
£m
Available for sale investments – Unlisted ordinary shares 7.6 7.8
Derivative financial instruments – Interest rate derivatives 23.7
Derivative financial instruments – Fuel derivatives 7.3 7.2
Derivative financial instruments included in non-current assets 31.0 7.2
Derivative financial instruments – Interest rate derivatives 3.8
Derivative financial instruments – Fuel derivatives 13.1 14.1
Derivative financial instruments – Foreign exchange derivatives 8.0 0.4
Derivative financial instruments included in current assets 21.1 18.3

Further information on the Group's use of fuel, interest rate and foreign exchange derivatives is included in note 31.

Available for sale investments

2011
£m
2010
£m
Cost or valuation and net book value:
At 1 January 7.8 7.7
Additions 0.3
Foreign exchange (0.2) (0.2)
At 31 December 7.6 7.8

The principal available for sale investments are as follows:

2011 2010
Name Country of registration Class of share Proportion
held
%
Proportion
held
%
Bosnjak Holdings Pty Ltd Australia Ordinary shares 86 86
Prepayment Cards Limited (PCL) England and Wales Ordinary shares 23.5
Metros Ligeros de Madrid, S.A. (MLM) Spain Ordinary shares 15 15
Various investments within ALSA and Continental Auto Spain Ordinary shares 1-16 1-16