Essay About 71Decr Of Derivative Financial Instruments And 3111Decr Of Cash

Liquidity Ratio Tables
Liquidity RATIO TABLESCurrent ratio[pic 1]LufthansaRatios2011201320140.970.880.75Current assetPeriodFigures2010 to 2011Decr of securities 4383 to 3111Decr of cash and cash equivalent 1097 to 8872013 to 2014Decr of securities 3146 to 1785Decr of cash and cash equivalent 1522 to 9532010À20111035794542012à201497608247Current liabilitiesPeriodFigures2010 to 2011Decr of effective tax obligation 237 to 71Decr of derivative financial instruments 103 to 37Decr of trade payables 957 to 6162013 to 2014Incr of derivative instrument 183 to 7662010À2011982697832012à2014975910974RyanairRatios2011201320141.8932.1361.514Current assetPeriodFigures2010 to 2011Incr of Cash and cash equivalents 1477 to 2028Incr of derivative financial instruments ( Use to manage risk about currency fluctuations) 122 to 3832011 to 2012Incr of cash and cash equivalent 2028 to 27082010to20113,063.43,477.62011to20123,477.638762013To 2014376334442013 to 2014Incr of 24.7 to 13.3 : Restricted cash consists of €13.3 million (2013: €24.7 million; 2012: €35.1 million) placed on deposit as collateral for certain derivative financial instruments and other financing arrangements entered into by the CompanyDeacr of derivative financial instrument 78 to 16Deacr of financial asset cash>3 month 2293 to 1498 : Current liabilitiesPeriodFigures2010 to 2011Incr of accrued expense in other liabilities from 1088 to 1224 (Unearned revenue represents flight seats sold but not yet flown and a provision for government tax refund claims attributable to unused tickets, and is included in accrued expenses and other liabilities)Incr of derivative financial instruments 41 to 1252011 to 2012Decr to Derivative financial instruments 125 to 282013 to 2014Incr of Derivative financial instruments 31 to 95Incr Current maturities of debt 399 to 4672010to2011154918372011to2012183718152013To201419112274Liquidity RatiosLufthansa’s current ratio trend is a decrease with minor fluctuations. Current liabilities decline by 9% from 2010 to 2011 due to securities’ decreasing from 4383(2010) to 3111(2011) and also due to cash and cash equivalent decrease from 1097 to 887 over the same period.