2022 2022 2021 2021 Cash flow hedges CHF 000s CHF 000s CHF 000s CHF 000s Hedge
Contract value
Fair value
balance
Hedge
Contract value
Fair value
balance
Forward exchange contracts in Euros
5,876
( 61)
4,302
76
Forward exchange contracts in United States Dollars
681
17
3,086
( 9)
Total cash flow hedges
6,557
( 44)
7,388
68
2022 2021 CHF 000s CHF 000s Cash flow hedge - effective portion of changes to fair value
44
( 68)
Amount reclassified from Other Comprehensive Income to
Operating Income and Expenditure statement
68
-
112
( 68)
Expected cash flows in subsequent period 2022 Hedge Contract cash flows 2021 Hedge Contract cash flows CHF 000s CHF 000s CHF 000s CHF 000s Carrying value
1 - 6 months
Carrying value
1 - 6 months
Forward exchange contracts used for hedging - Ouflow
( 44)
( 6,601)
-
( 7,320)
- Inflow
-
6,557
68
7,388
( 44)
( 44)
68
68
Movement in Other Comprehensive Income that may be reclassified to Income or Expenditure in subsequent period In 2022, the IFRC entered into foreign currency forward exchange contracts, with final maturities of 31 March 2023, in
order to hedge the foreign exchange risk of receiving statutory contributions of CHF 5,876k in Euros and CHF 681k in
US Dollars. The hedges were designated as cash flow hedges for hedge-accounting purposes. Amounts recycled to
Operating Income and Expenditure amounted to CHF 68k (2021: CHF Nil). The settlement of the 2021 foreign currency
forward exchange contracts resulted in a net realised loss of CHF 37k (2021: net realised gain of CHF 151k).
Financials
