Investor Presentaiton
CONSOLIDATED FINANCIAL STATEMENTS | PARENT COMPANY FINANCIAL STATEMENTS | NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS
18. COMMITMENTS
EUR 1,000
Guarantees
For subsidiaries
For others
Leasing commitments
Due next year
Due over a year
Other commitments
Total
Dec 31, 2021
Dec 31, 2020
2,778,456.8
79.2
6,232.2
14,384.3
1,654.2
2,800,806.7
2,731,483.7
80.9
7,359.9
7,182.9
3,774.7
2,749,882.1
19. DERIVATIVES
Fair values of derivative instruments, EUR 1,000
Foreign exchange forward contracts with external parties
Foreign exchange forward contracts with subsidiaries
Total
Nominal values of derivative instruments, EUR 1,000
Foreign exchange forward contracts with external parties
Foreign exchange forward contracts with subsidiaries
Total
Dec 31, 2021
42,112.4
-1,565.2
40,547.1
Dec 31, 2021
3,278,646.5
623,535.1
3,902,181.6
Dec 31, 2020
-9,072.1
4,143.5
-4,928.7
Dec 31, 2020
3,450,680.9
667,343.7
4,118,024.7
Derivative contracts are entered for hedging purposes in line with KONE Treasury policy and are recognized at fair value. Derivatives
are classified as financial assets at fair value through profit or loss. The majority of the foreign exchange forward contracts mature
within a year. The fair values of the foreign exchange forward contracts are measured based on the price information derived from the
active markets and commonly used valuation methods.
More information about financial risks management is described in the notes 2.4 and 5.3 to the consolidated financial statements.
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