Integrated report 2020
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- Sustainable transformation
- PGE in 2020
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Integrated report 2020
|
Year ended December 31, 2020 |
Year ended December 31, 2019 |
|
| AS AT JANUARY 1 | (323) | (52) |
| Change in hedging reserve, including: | 383 | (336) |
| Measurement of hedging instruments, including: | 387 | (336) |
| Recognition of the effective portion of change in fair value of hedging financial instruments in the part considered as effective hedge | 420 | (438) |
| Accrued interest on derivatives transferred from hedging reserve and recognised in interest expense |
17 | 3 |
| Currency revaluation of CCIRS transaction transferred from hedging reserve and recognised in foreign exchange gains/losses | (51) | 91 |
| Ineffective portion of change in fair value of hedging derivatives recognised in profit or loss | 1 | 8 |
| Measurement of other financial instruments | (4) | – |
| Deferred tax | (73) | 65 |
| HEDGING RESERVE AFTER DEFERRED TAX | (13) | (323) |
The hedging reserve includes mainly valuation of hedging instruments to which cash flow hedge accounting is applied.