14.10.2 Derivatives and other liabilities

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Financial results
Explanatory notes to the statement of profit or loss and other comprehensive income
14. Explanatory notes to the statement of financial position
14.10 Derivatives and other assets and liabilities
14.10.2 Derivatives and other liabilities

14.10.2 Derivatives and other liabilities

	Non-current		Current		Total
	31/12/2022	31/12/2021	31/12/2022	31/12/2021	31/12/2022	31/12/2021
Cash flow hedging instruments	4,491	702	8,394	42	12,885	744
currency forwards	298	702	80	31	378	733
commodity swaps	4,190	-	8,274	11	12,464	11
commodity futures	3	-	39	-	42	-
foreign currency swaps	-	-	1	-	1	-
Derivatives not designated as hedge accounting	122	3	4,437	419	4,559	422
currency forwards	2	-	71	21	73	21
commodity swaps	-	-	3,090	125	3,090	125
currency interest rate swaps	-	-	-	52	-	52
foreign currency swaps	-	-	74	-	74	-
commodity futures, incl.:	30	3	616	122	646	125
CO₂ emission allowances	1	3	3	122	4	125
electricity	-	-	40	-	40	-
natural gas	29	-	573	-	602	-
commodity forwards, incl.:	90	-	586	99	676	99
electricity	27	-	144	99	171	99
natural gas	63	-	442	-	505	-
Fair value hedging instruments	-	-	8	-	8	-
commodity swaps	-	-	8	-	8	-
Derivatives	4,613	705	12,839	461	17,452	1,166
Other financial liabilities	259	179	1,517	76	1,776	255
liabilities on settled derivatives	-	-	1,419	25	1,419	25
investment liabilities	84	77	-	-	84	77
hedged item adjustment	-	14	28	5	28	19
refund liabilities	-	-	32	23	32	23
security deposits	-	-	28	18	28	18
other *	175	88	10	5	185	93
Other non-financial liabilities	486	416	485	62	971	478
liabilities from contracts with customers	30	9	-	-	30	9
deferred income	456	407	485	62	941	469
Other liabilities	745	595	2,002	138	2,747	733

* In 2022 and 2021, the line other in non-current other financial liabilities relates mainly to liabilities due to donations in the amount of PLN 68 million and PLN 26 million and received security deposits in the amount of PLN 86 million and PLN 53 million, respectively.

Description of changes of derivatives not designated as hedge accounting is presented in notes 13.10, 13.11 and 13.12.

The line receivables due to settled derivatives and liabilities due to settled derivatives refer to derivatives with a maturity date at the end of the reporting period or earlier, however the payment date falls after the balance sheet date. As at 31 December 2022 the line liabilities due to settled derivatives includes the value of mature commodity swaps hedging the refining margin, hedging bitumen and natural gas. The increase in the balance results mainly from the recognition of natural gas related to PGNiG S.A.

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