ArcelorMittal South Africa 2007 Annual Report Page 117
Group
Company
Non-current
Current
Non-current
Current
2007
Rm
2006
Rm
2007
Rm
2006
Rm
2007
Rm
2006
Rm
2007
Rm
2006
Rm
20. OTHER FINANCIAL ASSETS/
(LIABILITIES)
Derivatives designated as
hedging instruments carried
at fair value
Base metal forward purchase
contracts
• Un-matured
(53)
16
(53)
16
• Matured not settled
(14)
(14)
Financial assets/(liabilities)
carried at fair value through
profit or loss (FVTPL)
Embedded derivatives at FVTPL
124
134
94
117
124
134
94
117
Held for trading derivatives
that are not designated in
hedge accounting
relationships
• Base metal forward purchase
contracts
– Un-matured
2
1
• Foreign currency forward
purchase contracts
– Un-matured
0(1)
0(1)
(7)
0(1)
(6)
Available-for-sale (AFS)
investments carried at fair
value
Equity instruments(2)
71
Loans carried at amortised
cost
Loans receivable
103
Total
195
134
27
128
124
237
27
128
Included in the financial
statements as:
Other financial assets
195
134
94
135
124
237
94
134
Other financial liabilities
(67)
(7)
(67)
(6)
Total
195
134
27
128
124
237
27
128
(1)Rounding to zero due to the use of numeric reporting scale format of one million.
(2)The group holds 10% of the ordinary share capital of Hwange Colliery Company Limited, a coal, coke and by-products producer in
Zimbabwe. The fair value of the equity investment has been recognised in the current financial year, being an initial cost of R9 million and
subsequent fair value changes of R62 million. The latter has been transfered to an AFS investment reserve (note 25).
