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Fair value of financial assets and liabilities
6 Months Ended
Jun. 30, 2022
Fair Value Of Financial Assets And Liabilities  
Fair value of financial assets and liabilities

 

 26.

Fair value of financial assets and liabilities

  Level I Level II Level III

Total fair

value

recorded

Assets        
Marketable securities 622 - - 622
Commodity derivatives 39 4 - 43
Balance at June 30, 2022 661 4 - 665
Balance at December 31, 2021 650 23 673
         
Liabilities        
Foreign currency derivatives - (273) - (273)
Interest rate derivatives (7) - (7)
Balance at June 30, 2022 (280) - (280)
Balance at December 31, 2021 (1) (272) (273)
         

 

 

 

The estimated fair value for the Company’s non-current debt, computed based on the prevailing market rates, is set out in note 23.

Certain receivables are classified as fair value through profit or loss, as presented in note 9.

The fair values of cash and cash equivalents, current debt and other financial assets and liabilities are equivalent or do not differ significantly from their carrying amounts.