|
EURm |
|
USD |
|
JPY |
|
CNY |
|
INR |
|
2017 |
|
|
|
|
|
|
|
|
|
Foreign exchange derivatives used as cash flow hedges, net(1) |
|
(803) |
|
(230) |
|
– |
|
– |
|
Foreign exchange derivatives used as fair value hedges, net(2) |
|
(84) |
|
– |
|
– |
|
– |
|
Foreign exchange derivatives used as net investment hedges, net(3) |
|
(2 839) |
|
– |
|
(728) |
|
(403) |
|
Foreign exchange exposure from statement of financial position items, net |
|
(3 365) |
|
196 |
|
(765) |
|
(352) |
|
Foreign exchange derivatives not designated in a hedge relationship, carried at fair value through profit and loss, net(4) |
|
1 777 |
|
(411) |
|
577 |
|
446 |
|
Cross-currency/interest rate hedges |
|
1 377 |
|
– |
|
– |
|
– |
|
2016 |
|
|
|
|
|
|
|
|
|
Foreign exchange derivatives used as cash flow hedges, net(1) |
|
– |
|
(158) |
|
– |
|
– |
|
Foreign exchange derivatives used as fair value hedges, net(2) |
|
(397) |
|
– |
|
– |
|
– |
|
Foreign exchange derivatives used as net investment hedges, net(3) |
|
(1 418) |
|
– |
|
– |
|
(104) |
|
Foreign exchange exposure from statement of financial position items, net |
|
(2 172) |
|
434 |
|
(227) |
|
(236) |
|
Foreign exchange derivatives not designated in a hedge relationship, carried at fair value through profit and loss, net(4) |
|
1 747 |
|
(174) |
|
(587) |
|
104 |
|
Cross-currency/interest rate hedges |
|
1 051 |
|
(328) |
|
– |
|
– |
|
(1) |
Used to hedge the foreign exchange risk from forecasted highly probable cash flows related to sales, purchases and business acquisition activities. In some currencies, especially the U.S. dollar, the Group has substantial foreign exchange risks in both estimated cash inflows and outflows. The underlying exposures for which these hedges are entered into are not presented in the table as they are not financial instruments. |
|
(2) |
Used to hedge foreign exchange risk from contractual firm commitments. The underlying exposures for which these hedges are entered into are not presented in the table as they are not financial instruments. |
|
(3) |
Used to hedge net investment exposure. The underlying exposures for which these hedges are entered into are not presented in the table as they are not financial instruments. |
|
(4) |
Items on the statement of financial position and some probable forecasted cash flows denominated in foreign currencies are hedged by a portion of foreign exchange derivatives not designated in a hedge relationship and carried at fair value through profit and loss. |