118
6.9 Other receivables
6.10 Derivatives financial instruments
All derivatives open positions have been mark to market. Fair values of the “interest rate swaps”, are
confirmed by the financial institutions that the Group has as counterparties.
The Group manages the exposure to currency risk through the use of currency forwards and options and
thus by “locking” at exchange rates that provide sufficient cash flows and profit margins. Furthermore,
the Group manages the exposure to commodity risk through the use of: a) commodity futures that hedge
the risk from the change at fair value of commodities and b) commodity swaps that hedge fluctuations in
cash flows from the volatility in aluminum prices.
6.11 Financial Assets available for sale
