Group	2013 €'000	2012 €'000
Cash flow hedge reserve
At the beginning of the year	(524,019)	(192,223)
Changes in clean fair value	256,012	(439,821)
Hedge interest settled during year	231,076	51,741
Movement in interest accrual	514	64,338
Transferred to income statement	(231,590)	(116,079)
Net movement in cash flow hedge reserve before tax	256,012	(439,821)
Deferred tax recognised in other comprehensive income	(65,701)	108,025
At 31 December	(333,708)	(524,019)
Available for sale reserve
At the beginning of the year	1,805	82
Net changes in fair value	(4,127)	2,297
Net movement in available for sale reserve before tax	(4,127)	2,297
Deferred tax recognised in other comprehensive income	567	(574)
At 31 December	(1,755)	1,805
Total other reserves	(335,463)	(522,214)

Other reserves comprise the cash flow hedge reserve and the available for sale reserve.

NAMA applies hedge accounting to a portion of its senior debt securities in issue. Changes in fair value for derivatives designated, and that are effective in hedge relationships, are recognised in reserves.

NAMA acquires government bonds for the purposes of liquidity management and to maximise its return on cash balances. Government bonds are classified as available for sale assets in accordance with IAS 39. Changes in fair value are recognised in reserves.

The net movement in the cash flow hedge reserve for 2013 was an increase of €256m (2012: decrease of €439.8m) before tax which was the fair value movement in derivatives where hedge accounting is applied of €249.2m (2012: €432.1m) plus an adjustment relating to hedge ineffectiveness of €6.8m (2012: €7.7m). The net movement in the available for sale reserve for the year was a decrease of €4.1m (2012: increase of €2.3m) which reflects the fair value movement in available for sale investments held at the reporting date.