Derivative financial instruments
18 Derivative financial instruments
Fair value of derivative financial instruments:
x € 1 million | Assets as at 31 December 2022 | Liabilities as at 31 December 2022 | Assets as at 31 December 2021 | Liabilities as at 31 December 2021 |
|---|---|---|---|---|
Currency swap and forward contracts | - | 53 | 15 | 64 |
Total | - | 53 | 15 | 64 |
The classification by maturity is set out below:
x € 1 million | Assets as at 31 December 2022 | Liabilities as at 31 December 2022 | Assets as at 31 December 2021 | Liabilities as at 31 December 2021 |
|---|---|---|---|---|
Classification | ||||
Current / short term | - | 19 | 15 | - |
Non-current / long term | - | 34 | - | 64 |
Total | - | 53 | 15 | 64 |
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 32.4 Derivative financial instruments and cash flow hedge reserve.
