Consolidated financial statement of JSW S.A. Capital Group for 2012

11. Financial derivatives

Financial assets:

  31 Dec 2012 31 Dec 2011
FX forward:    
– EUR 3.9 3.9
– USD - 0.1
Total, of which: 3.9 4
long-term part - -
short-term part 3.9 4

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Financial liabilities:

  31 Dec 2012 31 Dec 2011
FX forward:    
– EUR 0.1 0.1
– USD 0.2 -
Total, of which: 0.3 0.1
long-term part - -
short-term part 0.3 0.1

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A derivative financial instrument is classified as a short-term financial instrument if the settlement date of that instrument of its part is within one year from the final day of the reporting period. If the settlement date of the financial instrument is over one year from the final day of the reporting period then such an instrument or part thereof is classified as a long-term financial instrument.

The nominal values of contracts in respective currencies are presented in the table below:

Contract Currency 31 Dec 2012 31 Dec 2011
FX forward EUR 36.6 63.2
USD 19 2.9
CZK 2.3 -

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