(In thousands of dollars except as noted and per share amounts) Notes to CoNsolidated FiNaNCial statemeNts 9.  FINANCIAL INSTRUMENTS (CONTINUED):  Derivative financial instruments (continued): (a)  Raw sugar (continued):  All sugar futures contracts are traded through a large exchange clearing house on the New York Intercontinental  Exchange. Regulation of the U.S. futures industry is primarily self-regulation, with the role of the Federal  Commodity Futures Trading Commission being principally an oversight role to determine that self-regulation is  continuous and effective.  The exchange clearing house used is one of the world’s largest capitalized financial institutions with excellent  long-term credit ratings. Daily cash settlements are mandatory (margin calls) for resulting gains and/or losses  from futures trading for each customer’s account. Due to the above, the Company does not anticipate a credit  risk from the raw sugar futures derivative instruments.  (b)  Natural gas: The Company uses natural gas contracts to help manage its costs of natural gas. The Company monitors  its positions and the credit ratings of its counterparties and does not anticipate losses due to counterparty  non-performance. The Company’s natural gas contracts as well as the fair value of these contracts relating to  purchases of natural gas are as follows: 63 Annual Report 2013 September 28, 2013 September 29, 2012 Original Original futures Current futures Current contracts  contract  Fair value contracts  contract  Fair value value  value   gain/(loss) value value gain/(loss) (US$) (US$) (US$) (US$) (US$) (US$) Purchases Less than 1 year  5,317 3,652 (1,665) 8,079 4,263 (3,816) 1 to 2 years  3,514 3,306 (208) 8,152 6,086 (2,066) 2 to 3 years  2,740 2,520 (220) 3,910 3,969 59 3 years and over  3,168 3,117 (51) – – – 14,739 12,595 (2,144) 20,141 14,318 (5,823) F/X rate at end  of period 1.0310 0.9836 Net liability (CA$)  (2,210) (5,728)