| Year ended December 31, 2021 |
Year ended December 31, 2020 |
|
|---|---|---|
| AS AT JANUARY 1 | (13) | (323) |
| Change in hedging reserve: | 768 | 383 |
| Change in hedging reserve: | 756 | 387 |
| Recognition of the effective part of change in fair value of hedging instruments in the part considered as effective hedge | 762 | 420 |
| Accrued interest on derivatives transferred from hedging reserve and recognised in interest expense | (8) | 17 |
| Currency revaluation of CCIRS transaction transferred from hedging reserve and recognised in the result on foreign exchange differences | 2 | (51) |
| Ineffective portion of changes in fair value of hedging derivatives recognised in profit or loss | – | 1 |
| Measurement of other financial assets | 12 | (4) |
| Deferred tax | (146) | (73) |
| HEDGING RESERVE AFTER DEFERRED TAX | 609 | (13) |
The hedging reserve mainly includes the measurement of cash flow hedges.