thinking back to my finance days...
I think what that is representing is the expected loss out to February when the swap ends based on the forward contract prices. I.e. since the price entered is lower than expected market price, we expect to pay $5.1m over the life of the swap. Conversely if the market price dropped we would have seen a commodity swap asset.
Ann: Appendix 4D and Half Year Report-TAP.AX, page-4
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