Financial and
ESG report 2020

8. Result on hedge accounting

01.01.2020 –
31.12.2020
01.01.2019 –
31.12.2019
Changes in the fair value of the hedging instrument (including abandonment) (7 594) (1 172)
Changes in the fair value of the hedged item resulting from the hedged risk 6 588 1 229
Inefficiency in cash flow hedges (9 253) (19 878)
Inefficiencies due to net investment hedges in foreign operations 0 0
Total (10 259) (19 821)

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