Derivative financial instruments

Fair value of derivative financial instruments:

x 1 million

Assets as at 31 December 2020

Liabilities as at 31 December 2020

Assets as at 31 December 2019

Liabilities as at 31 December 2019

Currency swap and forward contracts

19

86

39

52

Total

19

86

39

52

The classification by maturity is set out below:

x 1 million

Assets as at 31 December 2020

Liabilities as at 31 December 2020

Assets as at 31 December 2019

Liabilities as at 31 December 2019

Classification

Current / short term

3

2

-

-

Non-current / long term

16

84

39

52

Total

19

86

39

52

All derivative financial instruments have been assigned as effective hedges and value changes of these instruments are recognised directly in group equity and presented in the cash flow hedge reserve, where applicable. More information on movements in that reserve and the expected cash flows is provided in note 32.4 Derivative financial instruments and cash flow hedge reserve.