Net exchange rate gains (losses)

12 Months Ended

Dec. 31, 2018

35	Net exchange rate gains (losses)

Net exchange rate gains (losses) are analysed as follows:


	2018			2017
Net realised gains (losses) on derivative instruments		(906	)		1,912
Net realised gains (losses) on accounts receivable and payable		3,353			445

Total net realised gains (a)		2,447			2,357


Net unrealised gains (losses) on derivative instruments		(57	)		943
Net unrealised gains (losses) on accounts receivable and payable		(5,437	)		(48	)
Net unrealised gains (losses) on non-monetary assets		(867	)		(2,219	)

Total net unrealised losses (b)		(6,361	)		(1,324	)

Total realised and unrealised exchange rate gains (losses) (a+b)		(3,914	)		1,033

“Net unrealised gains (losses) on non-monetary assets” refers to the remeasurement of non-monetary assets of the subsidiaries Italsofa Romania and Natuzzi China, since such entities have the same functional currency of the Parent, namely the Euro (see note 43.4 (a) (ii)).