298 348
Parent Company Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
298
Details of these balances are presented below:
7.
DERIVATIVES
31 December 2013
Asset
Liability
Non-current
Metal derivatives
36
36
Total non-current derivatives
36
36
Current
Forward currency contracts on commercial transactions
46
73
Metal derivatives
53
15
Total other derivatives
99
88
Total
135
124
Theabovederivativeshaveall beenentered intowithPrysmian
Treasury S.r.l., the Group's central treasury company.
Forward currency contracts have a notional value of Euro
16,536 thousand at 31 December 2014, of which those
designated as cash flow hedges have a value of Euro 5,641
thousand and refer to a service agreement.
31 December 2014
Asset
Liability
Current
Forward currency contracts on commercial transactions (cash flow hedges)
-
27
Total non-current derivatives
-
27
Forward currency contracts on commercial transactions
113
71
Metal derivatives
84
78
Total other derivatives
197
149
Total current derivatives
197
176
Total
197
176
(in thousands of Euro)
(in thousands of Euro)