Derivatives and other assets
| Non-current | Current | Total | ||||
| 31/12/2019 | 31/12/2018 | 31/12/2019 | 31/12/2018 | 31/12/2019 | 31/12/2018 | |
| Cash flow hedging instruments | 291 | 143 | 174 | 483 | 465 | 626 |
| currency forwards | 291 | 143 | 169 | 209 | 460 | 352 |
| commodity swaps | – | – | 5 | 274 | 5 | 274 |
| Derivatives not designated as hedge accounting | 19 | 16 | 65 | 39 | 84 | 55 |
| currency forwards | – | – | 27 | 5 | 27 | 5 |
| commodity swaps | – | – | 38 | 34 | 38 | 34 |
| currency interest rate swaps | 19 | 11 | – | – | 19 | 11 |
| interest rate swaps | – | 5 | – | – | – | 5 |
| Fair value hedging instruments | – | 2 | 4 | 2 | 4 | 4 |
| commodity swaps | – | 2 | 4 | 2 | 4 | 4 |
| Derivatives | 310 | 161 | 243 | 524 | 553 | 685 |
| Other financial assets | 72 | 95 | 468 | 336 | 540 | 431 |
| receivables on settled derivatives | – | – | 110 | 306 | 110 | 306 |
| financial assets measured at fair value through other comprehensive income | 66 | 86 | – | – | 66 | 86 |
| hedged item adjustment | – | 4 | 4 | 21 | 4 | 25 |
| security deposits | – | – | 354 | – | 354 | – |
| other | 6 | 5 | – | 9 | 6 | 14 |
| Other non-financial assets | 238 | 243 | – | – | 238 | 243 |
| investment property | 219 | 108 | – | – | 219 | 108 |
| perpetual usufruct of land | – | 115 | – | – | – | 115 |
| other | 19 | 20 | – | – | 19 | 20 |
| Other assets | 310 | 338 | 468 | 336 | 778 | 674 |
As at 31 December 2019 Investment property includes mainly social and office buildings, as well as land. Depending on the characteristics of the property, its fair value was estimated based on the comparative method of appraisal reports prepared by independent experts using observable market information (hierarchy level 2 – value PLN 149 million) or by the income method based on planned future cash flows (hierarchy level 3 – value of PLN 70 million). Comparative method was applied assuming, that the value of assessed property was equal to the market price of a similar property.
As at 31 December 2019, the position investment property includes right-of-use asset in the amount of PLN 42 million.
As at 31 December 2019, the Group has security deposits that do not meet the definition of cash equivalents concerning mainly hedging of settlement of transactions on the Intercontinental Exchange Inc. (ICE) and the Commodity Clearing House Inc. (IRGIT).
Derivatives and other liabilities
| Non-current | Current | Total | ||||
|---|---|---|---|---|---|---|
| 31/12/2019 | 31/12/2018 | 31/12/2019 | 31/12/2018 | 31/12/2019 | 31/12/2018 | |
| Cash flow hedging instruments | 1 | – | 82 | 105 | 83 | 105 |
| currency forwards | 1 | – | – | – | 1 | – |
| commodity swaps | – | – | 82 | 105 | 82 | 105 |
| Derivatives not designated as hedge accounting | 1 | 38 | 180 | 66 | 181 | 104 |
| currency forwards | 1 | – | 42 | 18 | 43 | 18 |
| commodity swaps | – | – | 119 | 21 | 119 | 21 |
| interest rate swaps | – | 38 | 19 | – | 19 | 38 |
| currency interest rate swaps | – | – | – | 27 | – | 27 |
| Fair value hedging instruments | – | 4 | 4 | 22 | 4 | 26 |
| commodity swaps | – | 4 | 4 | 22 | 4 | 26 |
| Derivatives | 2 | 42 | 266 | 193 | 268 | 235 |
| Other financial liabilities | 152 | 357 | 223 | 79 | 375 | 436 |
| liabilities on settled derivatives | – | – | 209 | 67 | 209 | 67 |
| investment liabilities | 94 | 102 | – | – | 94 | 102 |
| finance lease* | – | 193 | – | – | – | 193 |
| hedged item adjustment | – | 3 | 4 | 1 | 4 | 4 |
| refund liabilities | – | – | 10 | 11 | 10 | 11 |
| other** | 58 | 59 | – | – | 58 | 59 |
| Other non-financial liabilities | 9 | 9 | 13 | 11 | 22 | 20 |
| deferred income | 9 | 9 | 13 | 11 | 22 | 20 |
| Other liabilities | 161 | 366 | 236 | 90 | 397 | 456 |