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19. Other financial liabilities

2020
$m

2019
$m

Current

Derivative financial instruments - at fair value

Interest rate swap contracts - cash flow hedges

29

20

Energy derivatives - cash flow hedges

31

-

Energy derivatives - economic hedges

580

576

640

596

Deferred consideration

39

36

Total current other financial liabilities

679

632

Non-current

Derivative financial instruments - at fair value

Interest rate swap contracts - cash flow hedges

42

37

Energy derivatives - cash flow hedges

-

5

Energy derivatives - economic hedges

49

77

91

119

Deferred consideration

148

163

Total non-current other financial liabilities

239

282

ACCOUNTING POLICY

Financial Instruments

Refer to Note 35 .

Deferred consideration

To the extent that deferred consideration is payable after one year from the acquisition date, the deferred consideration is discounted at an appropriate interest rate and, accordingly, carried at net present value in the Consolidated Statement of Financial Position. The discount component is then unwound as an interest charge in profit or loss over the life of the obligation.

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