14.10.1. DERIVATIVES AND OTHER ASSETS
Derivativesand other assets
|
|
Non-current |
Current |
Total |
|||
|
31/12/2020 |
31/12/2019 |
31/12/2020 |
31/12/2019 |
31/12/2020 |
31/12/2019 |
|
|
Cash flow hedging instruments |
109 |
291 |
60 |
174 |
169 |
465 |
|
currency forwards |
109 |
291 |
54 |
169 |
163 |
460 |
|
commodity swaps |
- |
- |
6 |
5 |
6 |
5 |
|
Derivatives not designated as hedge accounting |
70 |
19 |
374 |
65 |
444 |
84 |
|
currency forwards |
- |
- |
24 |
27 |
24 |
27 |
|
commodity swaps |
- |
- |
33 |
38 |
33 |
38 |
|
currency interest rate swaps |
53 |
19 |
- |
- |
53 |
19 |
|
commodity forwards |
2 |
- |
316 |
- |
318 |
- |
|
other |
15 |
|
1 |
- |
16 |
- |
|
Fair value hedging instruments |
- |
- |
6 |
4 |
6 |
4 |
|
commodity swaps |
- |
- |
6 |
4 |
6 |
4 |
|
Derivatives |
179 |
310 |
440 |
243 |
619 |
553 |
|
Other financial assets |
105 |
72 |
530 |
468 |
635 |
540 |
|
receivables on settled derivatives |
- |
- |
46 |
110 |
46 |
110 |
|
financial assets measured at fair value |
61 |
66 |
- |
- |
61 |
66 |
|
hedged item adjustment |
- |
- |
2 |
4 |
2 |
4 |
|
security deposits |
4 |
- |
421 |
354 |
425 |
354 |
|
short-term deposits |
- |
- |
60 |
- |
60 |
- |
|
loans granted |
- |
- |
1 |
- |
1 |
- |
|
other |
40 |
6 |
- |
- |
40 |
6 |
|
Other non-financial assets |
308 |
238 |
- |
- |
308 |
238 |
|
investment property |
261 |
219 |
- |
- |
261 |
219 |
|
other |
47 |
19 |
- |
- |
47 |
19 |
|
Other assets |
413 |
310 |
530 |
468 |
943 |
778 |
As at 31 December 2020 Investment property includes mainly social and office buildings, as well as land. Depending on the characteristics of the property, its fair value was estimated based on the comparative method of appraisal reports prepared by independent experts using observable market information (hierarchy level 2 – value PLN 105 million) or by the income method based on planned future cash flows (hierarchy level 3 - value of PLN 156 million). Comparative method was applied assuming, that the value of assessed property was equal to the market price of a similar property.
As at 31 December 2020 and as at 31 December 2019, the position investment property includes right-of-use asset in the amount of PLN 50 million and PLN 42 million, respectively.
As at 31 December 2020 and 31 December 2019, the Group has security deposits that do not meet the definition of cash equivalents concerning mainly hedging of settlement of transactions on the Intercontinental Exchange Inc. (ICE) and the Clearing and Settlement House (Izba Rozliczeniowa Giełd Towarowych S.A. (IRGiT) in Polish) in the amount of PLN 416 million and PLN 340 million, respectively.
