Notes to the financial statements
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23. Derivative financial instruments | | | |
| Note | December 31st 2017 | December 31st 2016 |
Non-current financial assets: | | 2.7 | 20.9 |
Commodity swaps (raw materials and petroleum products) | | 0.7 | 17.2 |
Interest rate swap (IRS) | | 2 | 3.7 |
Current financial assets: | | 161.8 | 80 |
Commodity swaps (raw materials and petroleum products) | | 34 | 41.5 |
Currency forward and spot contracts | | 13.1 | 8.7 |
Interest rate swap (IRS) | | 7.3 | - |
Options | | - | 0.4 |
Currency swap | | 107.4 | 29.4 |
Financial assets | 26.1 | 164.5 | 100.9 |
Non-current financial liabilities: | | 6.7 | 36.3 |
Commodity swaps (raw materials and petroleum products) | | 0.1 | 2.2 |
Currency forward and spot contracts | | - | 2.8 |
Interest rate swap (IRS) | | 6.6 | 31.3 |
Current financial liabilities: | | 72.7 | 172.9 |
Commodity swaps (raw materials and petroleum products) | | 3.7 | 16.2 |
Currency forward and spot contracts | | 9.5 | 98.8 |
Interest rate swap (IRS) | | 21.2 | 23.8 |
Currency swap | | 38.3 | 34.1 |
Financial liabilities | 26.1 | 79.4 | 209.2 |
23.1 Fair value hierarchy | | | |
| December 31st 2017 | December 31st 2016 | |
| Level 2 | | |
Financial assets | | | |
Commodity swap | 34.7 | | 58.7 |
Commodity options | - | | 0.4 |
Currency forward and spot contracts | 13.1 | | 8.7 |
Interest rate swap (IRS) | 9.3 | | 3.7 |
Currency swap | 107.4 | | 29.4 |
Total | 164.5 | | 100.9 |
Financial liabilities | | | |
Commodity swap | 3.8 | | 18.4 |
Currency forward and spot contracts | 9.5 | | 101.6 |
Interest rate swap (IRS) | 27.8 | | 55.1 |
Currency swap | 38.3 | | 34.1 |
Total | 79.4 | | 209.2 |