REG - Pennon Group PLC - Half Yearly Report <Origin Href="QuoteRef">PNN.L</Origin> - Part 37

PennonAnnouncement

28/11/2014 07:11

- Part 37: For the preceding part double click  ID:nRSb2520YJ 

                                                                                                                                                    example over   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     -the-counter   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     derivatives) is 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     determined by  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     using valuation 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     techniques. A  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     variety of     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     methods and    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     assumptions are 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     used based on  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     market         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     conditions     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     existing at    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     each balance   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     sheet date.    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Quoted market  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     prices or      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     dealer quotes  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     for similar    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     instruments are 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     used for long  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     term debt.     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Other          
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     techniques,    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     such as        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     estimated      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     discounted cash 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     flows, are used 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     to determine   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     fair value for 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     the remaining  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     financial      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     instruments.   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     The fair value 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     of interest    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     rate swaps is  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     calculated as  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     the present    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     value of the