AGL Energy Limited Annual Report 2011 129 The following table details the consolidated entity’s expected maturity for its non-derivative financial assets. The table has been drawn up  based on the undiscounted contractual maturities of the financial assets including interest that will be earned on those assets. The inclusion  of information on non-derivative financial assets is necessary in order to understand the consolidated entity’s liquidity risk management, as  the liquidity is managed on a net asset and liability basis. The following table details the consolidated entity’s liquidity analysis for its derivative financial instruments. The table has been drawn up  based on the undiscounted net cash inflows and outflows on those derivatives instruments that settle on a net basis, and the undiscounted  gross inflows and outflows on those derivatives that require gross settlement. For interest rate swaps, the amount disclosed has been  determined by reference to the projected interest rates as illustrated by the yield curves at the end of the reporting period. Less than  6–12  1–2  2–5  More than 6 months months years years 5 years Total $m $m $m $m $m $m 2011 Non-derivative fi nancial assets Cash and cash equivalents  758.1 – – – – 758.1 Trade and other receivables  1,272.1 – 0.5 – – 1,272.6 Futures deposits and margin calls  56.3 – – – – 56.3 Loans to associates  5.5 5.6 11.1 33.2 196.4 251.8 2,092.0 5.6 11.6 33.2 196.4 2,338.8 2010 Non-derivative fi nancial assets Cash and cash equivalents 485.1 – – – – 485.1 Trade and other receivables  1,234.5  –  0.6  –  –  1,235.1 Futures deposits and margin calls  86.3  –  –  –  –  86.3 Loans to associates  5.0  5.0  10.0  30.0  188.2  238.2 1,810.9  5.0  10.6  30.0  188.2  2,044.7 Less than  6–12  1–2  2–5  More than 6 months months years years 5 years Total $m $m $m $m $m $m 2011 Derivative fi nancial instruments Gross settled – Cross currency swap contracts – pay leg  (13.0) (12.8) (26.5) (85.5) (568.0) (705.8) – Cross currency swap contracts – receive leg  7.2 7.2 14.5 43.4 447.5 519.8 Net pay  (5.8) (5.6) (12.0) (42.1) (120.5) (186.0) Net settled – Interest rate swap contracts (2.9) (1.5) (1.9) 1.5 1.3 (3.5) – Forward foreign exchange contracts  (24.1) (32.6) (2.0) – – (58.7) – Electricity derivatives  (217.9) (58.6) (103.5) (16.9) – (396.9) (250.7) (98.3) (119.4) (57.5) (119.2) (645.1) 2010 Derivative fi nancial instruments Net settled – Interest rate swap contracts  (2.0)  (1.1)  (2.4)  –  –  (5.5) – Forward foreign exchange contracts  (0.4)  (0.3)  –  –  –  (0.7) – Electricity derivatives  (326.9)  (105.0)  (108.6)  (93.7)  –  (634.2) (329.3)  (106.4)  (111.0)  (93.7)  –  (640.4)