Integrated Annual Report of LOTOS Capital Group 2016

24. Derivative financial instruments

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Dec 31 2016 Dec 31 2015
Non-current financial assets: 20,918 8,697
     Commodity swaps (raw materials and petroleum products) 17,196 367
     Currency forward and spot contracts - 7,024
     Interest rate swap (IRS) 3,722 992
     Options - 314
Current financial assets: 79,958 208,482
     Commodity swaps (raw materials and petroleum products) 41,538 198,224
     Currency forward and spot contracts 8,667 7,058
     Options 411 49
     Currency swap 29,342 3,151
Financial assets 100,876 217,179
Non-current financial liabilities: 36,316 54,306
     Commodity swaps (raw materials and petroleum products) 2,225 8,548
     Currency forward and spot contracts 2,816 6
     Interest rate swap (IRS) 31,275 45,752
Current financial liabilities: 172,920 110,845
     Commodity swaps (raw materials and petroleum products) 16,177 49,507
     Currency forward and spot contracts 98,826 903
     Interest rate swap (IRS) 23,852 26,511
     Currency swap 34,065 33,924
Financial liabilities 209,236 165,151

For description of the derivative financial instruments, see Note 7.24. For description of objectives and policies of financial risk management, see Note 28. For classification of derivative financial instruments by fair value hierarchy, see Note 27.2.

For sensitivity analysis of derivative financial instruments in terms of market risk related to changes in raw material and petroleum product prices, see Note 28.1.1.

For currency risk sensitivity analysis of derivative financial instruments, see Note 28.3.1.

For interest rate sensitivity analysis of derivative financial instruments, see Note 28.4.1.

For information on maturities of derivative financial instruments, see Note 28.5.

For information on maximum credit risk exposure of derivative financial instruments (financial assets), see Note 28.6.

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