• 23. Unsettled derivative financial instruments
Konzernrechnung emmi Gruppe

23. Unsettled derivative financial instruments

 

 

31.12.2018

 

 

31.12.2017

 

 

Positive value

Negative value

Purpose

Positive value

Negative value

Purpose

Forward currency transactions

1,878

31

Hedging

757

2,016

Hedging

Other forward transactions

36

Hedging

189

Hedging

Total forward transactions

1,878

67

757

2,205

Thereof to hedge future cash flows

758

67

130

992

Total recognised in the balance sheet

1,120

627

1,213

Similar to the underlying transactions, currency forwards used to hedge future cash flows are not recognised in the balance sheet. The result of these derivative instruments is recognised in the income statement upon occurrence of the transaction hedged. Derivative financial instruments used to hedge balance sheet positions in foreign currencies are recognised as securities in the current assets or other payables in the current liabilities respectively. Corresponding changes in value are recognised in the financial result.

Emmi also has options to acquire additional shares in associates and joint ventures. At the same time, rights to sell their shares were granted to some counterparties. For these purchase and selling rights, the prices agreed are generally based on fair market value at the time of exercise. Currently, these options cannot be reliably measured and are therefore not recognised in the balance sheet.