PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS - 98 - Consolidated financial statements Hedging instruments - Outstanding contracts Average exchange rate Notional value: Foreign currency Notional value: Local currency Carrying amount of the hedging instruments assets (liabilities) [rate] Million [FC] Million Baht Million Baht As at December 31, 2021 Cash flow hedges Buy [USD] 30.90 36 1,103 85 Buy [EUR] 38.77 3 129 (3) As at December 31, 2020 Cash flow hedges Buy [USD] 30.45 39 1,187 (16) Buy [EUR] 35.54 13 472 19 Buy [SEK] 3.46 72 249 15 Separate financial statements Hedging instruments - Outstanding contracts Average exchange rate Notional value: Foreign currency Notional value: Local currency Carrying amount of the hedging instruments assets (liabilities) [rate] Million [FC] Million Baht Million Baht As at December 31, 2021 Cash flow hedges Buy [USD] 30.64 32 987 85 As at December 31, 2020 Cash flow hedges Buy [USD] 30.65 27 843 (17) Buy [SEK] 3.46 72 249 15 The Group assesses effectiveness by comparing the nominal amount of the net assets designated in the hedge relationship with the nominal amount of the hedging instruments. This is a simplified approach because the currency of the exposure and hedging instruments perfectly match and the company identified that there was no change in fair value for hedge ineffectiveness recognized in the income statement. 330 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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