11.4 Notional Amount and Fair Value of
Derivatives
About this Chairman's Corporate Consolidated Financial Company Financial
Report Foreword Management Report Appendices Governance Statements Statements
Maturity Profile and Average Rate of Hedging Instruments in Net Investment Hedges
On December 31.2018 Total notional Remaininq maturity on 31 December 2018
amount
Amounts in millions of euros Less than 1 year 1 - 5 years Longer than 5 years
Forward currency contracts
Notional amounts of hedging instrument 5,848 5,724 124
Average exchange rate n/a 0.93 0.00 0.00
Net Investment Hedges of Currency Translation Risk, Designated Hedging Instruments
On December 31,2018
Amounts in millions of euros
Designated hedging instruments
Forward currency contracts
Carrying amount Carrying amount
financial assets financial liabilities
1,706
Change in fair value
used for calculating
hedge ineffectiveness
For the changes in the value of the hedging instrument
recognized in other comprehensive income and the amount
reclassified from the net investment hedge reserve to profit or
loss, reference is made to Section 31, "Reserves and Retained
Earnings." Hedge ineffectiveness amounts to nil and is included
in the statement of income on line item "Gains/ (losses) on
financial assets and liabilities at fair value through profit or loss."
Net Investment Hedges of Currency Translation Risk, Designated Hedged Items
On December 31,2018
Amounts in millions of euros
Designated hedged items
Net investment
Change in fair value used for calculating Foreign currency transla tion reserve for
hedge ineffectiveness continuing hedges
(119)
Remaining foreign currency translation
reserve from hedging relationships for
which hedge accounting is no longer
applied
The following table shows the notional amounts and the positive
and negative fair values of derivatives as presented in the
statement of financial position.
Annual Report 2018 - Consolidated Financial Statements
182
