18. Derivatives
Fair value of derivatives:
x € 1 million | Assets as at 31 December 2023 | Liabilities as at 31 December 2023 | Assets as at 31 December 2022 | Liabilities as at 31 December 2022 |
|---|---|---|---|---|
Currency swap and interest swap contracts | - | 50 | - | 53 |
Total | - | 50 | - | 53 |
The classification by maturity is set out below:
x € 1 million | Assets as at 31 December 2023 | Liabilities as at 31 December 2023 | Assets as at 31 December 2022 | Liabilities as at 31 December 2022 |
|---|---|---|---|---|
Classification | ||||
Current / short term | - | 50 | - | 19 |
Non-current / long term | - | - | - | 34 |
Total | - | 50 | - | 53 |
All derivatives are allocated to a hedging relationship and the changes in value of these instruments are recognised in other comprehensive income and included in the cash flow hedge reserve, where applicable. More information on changes in that reserve and the expected cash flows is provided in 32.4 Derivatives and cash flow hedge reserve.
