| Fair value amount of derivative financial instruments |
The breakdowns of the fair value amount of the derivative financial instruments as of December 31, 2021 and 2020 are as follows:
| |
|
Balance as of December 31, 2021
|
|
|
Balance as of December 31, 2020
|
|
| |
|
Assets
|
|
|
Liabilities
|
|
|
Assets
|
|
|
Liabilities
|
|
|
Interest rate cash flow hedge
|
|
|
9,550
|
|
|
|
206,763
|
|
|
|
898
|
|
|
|
302,302
|
|
|
Foreign exchange derivatives instruments
|
|
|
3,410
|
|
|
|
-
|
|
|
|
661
|
|
|
|
-
|
|
|
Notes conversion option (Note 14)
|
|
|
-
|
|
|
|
16,690
|
|
|
|
-
|
|
|
|
25,882
|
|
|
Total
|
|
|
12,960
|
|
|
|
223,453
|
|
|
|
1,559
|
|
|
|
328,184
|
|
|
| Maturities of notional and fair value amounts of interest rate derivatives designated as cash flow hedges |
The table below shows a breakdown of the maturities of notional amounts of interest rate cash flow hedge derivatives as of December 31, 2021 and
2020.
|
Notionals
|
|
Balance as of December 31, 2021
|
|
|
Balance as of December 31, 2020
|
|
| |
|
Assets
|
|
|
Liabilities
|
|
|
Assets
|
|
|
Liabilities
|
|
|
Up to 1 year
|
|
|
71,386
|
|
|
|
106,191
|
|
|
|
61,364
|
|
|
|
120,874
|
|
|
Between 1 and 2 years
|
|
|
304,930
|
|
|
|
240,197
|
|
|
|
296,828
|
|
|
|
249,785
|
|
|
Between 2 and 3 years
|
|
|
262,973
|
|
|
|
271,350
|
|
|
|
257,548
|
|
|
|
276,111
|
|
|
Subsequent years
|
|
|
217,989
|
|
|
|
860,777
|
|
|
|
292,011
|
|
|
|
852,696
|
|
|
Total
|
|
|
857,278
|
|
|
|
1,478,515
|
|
|
|
907,752
|
|
|
|
1,499,466
|
|
The table below shows a breakdown of the maturity of the fair values of interest rate cash flow hedge derivatives as of December 31, 2021 and 2020:
|
Fair value
|
|
Balance as of December 31, 2021
|
|
|
Balance as of December 31, 2020
|
|
| |
|
Assets
|
|
|
Liabilities
|
|
|
Assets
|
|
|
Liabilities
|
|
|
Up to 1 year
|
|
|
678
|
|
|
|
(15,039
|
)
|
|
|
59
|
|
|
|
(21,042
|
)
|
|
Between 1 and 2 years
|
|
|
1,810
|
|
|
|
(33,670
|
)
|
|
|
255
|
|
|
|
(48,276
|
)
|
|
Between 2 and 3 years
|
|
|
2,268
|
|
|
|
(39,834
|
)
|
|
|
305
|
|
|
|
(55,220
|
)
|
|
Subsequent years
|
|
|
4,794
|
|
|
|
(118,220
|
)
|
|
|
280
|
|
|
|
(177,764
|
)
|
|
Total
|
|
|
9,550
|
|
|
|
(206,763
|
)
|
|
|
898
|
|
|
|
(302,302
|
)
|
|