The amounts disclosed in the table are the contractual undiscounted cash flows

The amounts disclosed in the table are the

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sheet date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows and include interest. Company Within six months Between six and twelve months Between one and two years Between two and five years More than five years Total 2016 1,003 - - - - 1,003 185 1,240 - - - 1,425 693 - - - - 693 398 79 - - - 477 - - 115 254 18 387 31 34 24 2 - 91 35 29 23 3 - 90 4 6 9 - - 19 (271) (403) (689) (1,604) (2,226) (5,193) (72) (40) (59) (177) (579) (927) (18) (19) (25) (77) (154) (293) (2,128) - (7) - - (2,135) (13) (2) (2) - - (17) (4) (3) (3) - - (10) - (1) - - - (1) (157) 920 (614) (1,599) (2,941) (4,391) £ million Financial assets Fixed rate borrowings Cash and cash equivalents Other current interest-bearing deposits Trade receivables Other current assets Other non-current assets Derivative financial instruments: Forward currency contracts Currency option contracts Financial liabilities Interest-bearing loans and borrowings: Finance lease and hire purchase obligations Fuel derivatives Floating rate borrowings Trade and other payables Derivative financial instruments: Fuel derivatives As at 31 December Forward currency contracts Currency option contracts Company Within six months Between six and twelve months Between one and two years Between two and five years More than five years Total 2015 790 - - - - 790 1,014 185 - - - 1,199 527 - - - - 527 483 46 - - - 529 - - 135 293 37 465 34 23 10 2 - 69 1 1 - - - 2 (196) (244) (530) (1,373) (1,810) (4,153) (42) (290) (82) (153) (550) (1,117) (34) (37) (32) (65) (151) (319) (3,028) - - - - (3,028) (1) - - (1) - (2) (378) (168) (85) (16) - (647) (830) (484) (584) (1,313) (2,474) (5,685) Fuel derivatives As at 31 December Trade and other payables Derivative financial instruments: Forward currency contracts Financial liabilities Interest-bearing loans and borrowings: Finance lease and hire purchase obligations Fixed rate borrowings Floating rate borrowings Other current assets Other non-current assets Derivative financial instruments: Forward currency contracts Currency option contracts £ million Financial assets Cash and cash equivalents Other current interest-bearing deposits Trade receivables
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57 26 Financial risk management objectives and policies continued f Offsetting financial assets and liabilities The following financial assets and liabilities are subject to offsetting, enforceable master netting arrangements and similar agreements. The Group enters into derivative transactions under ISDA (International Swaps and Derivatives Association) documentation. In general, under such agreements the amounts owed by each counterparty on a single day in respect of all transactions outstanding are aggregated into a single net amount that is payable by one party to the other. The following table sets out the carrying amounts of derivatives recognised in the Group and Company balance sheets that are subject to the above. Group and Company £ million Gross value of financial instruments Financial instruments that are offset under netting agreements Net amounts of financial instruments in the balance sheet 31 December 2016 Financial assets - Forward currency contracts 91 - 91 - Currency option contracts 26 (7) 19 - Fuel derivatives 860 (770) 90 977 (777) 200 Financial liabilities - Forward currency contracts (12) - (12) - Currency option contracts (8) 7 (1) - Fuel derivatives (780) 770 (10) (800) 777 (23) 177 - 177 Group and Company £ million Gross value of financial instruments Financial instruments that are offset under netting agreements Net amounts of financial
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