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

15

64

19

86

Total

15

64

19

86

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

15

-

3

2

Non-current / long term

-

64

16

84

Total

15

64

19

86

All derivative financial instruments have been assigned to a hedging relationship, 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 33.4 Derivative financial instruments and cash flow hedge reserve.