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16B. MANAGEMENT OF MARKET RISK ONTINUED
The followng table shows the splt n fxed and floatng-rate nterest exposures, takng nto account the mpact of nterest rate swaps and
cross-currency swaps
 mllon
2015
 mllon
2014
ash and cash equvalents 2,302 2,151
urrent other fnancal assets 836 671
urrent fnancal labltes (4,789) (5,536)
Non-current fnancal labltes (9,854) (7,186)
Net debt (11,505) (9,900)
Of whch
Fxed rate (weghted average amount of fxng for the followng year) (9,429) (7,297)
16C. DERIVATIVES AND HEDGING
The roup does not use dervatve fnancal nstruments for speculatve purposes The uses of dervatves and the related values of
dervatves are summarsed n the followng table Dervatves used to hedge
 mllon
Trade
and other
recevables
 mllon
Fnancal
assets
 mllon
Trade
payables
and other
labltes
 mllon
urrent
fnancal
labltes
 mllon
Non-
current
fnancal
labltes
 mllon
Total
31 December 2015
Foregn exchange dervatves ncludng cross currency swaps
Far value hedges – 1 – – – 1
ash flow hedges 29 45 (34) – – 40
Hedges of net nvestments n foregn operatons –155(a) – – – 155
Hedge accountng not appled 39 25(a) (26) (118) (5) (85)
Interest rate swaps
Far value hedges ––– –– –
ash flow hedges – – – – (1) (1)
Hedge accountng not appled – 4 – – – 4
ommodty contracts
ash flow hedges 5 – (10) – – (5)
Hedge accountng not appled ––– –– –
73 230 (70) (118) (6) 109
Total assets 303 Total labltes (194) 109
31 December 2014
Foregn exchange dervatves ncludng ross urrency swaps
Far value hedges 6 – (1) – – 5
ash flow hedges 9 28 (3) – – 34
Hedges of net nvestments n foregn operatons – 356(a) – (23) – 333
Hedge accountng not appled 106 (88)(a) (44) (254) (71) (351)
Interest rate swaps
Far value hedges – – – – (2) (2)
ash flow hedges – – (100) – – (100)
Hedge accountng not appled – – – – – –
ommodty contracts
ash flow hedges – – (15) – – (15)
Hedge accountng not appled – – (1) – – (1)
121 296 (164) (277) (73) (97)
Total assets 417 Total labltes (514) (97)
(a) Swaps that hedge the currency rsk on ntra-group loans and offset 155 mllon wthn ‘Hedges of net nvestments n foregn operatons’ are ncluded wthn
‘Hedge Accountng not appled’
124 Unilever Annual Report and Accounts 2015Financial statements
NOTES TO THE ONSOLIDATED FINANIAL STATEMENTS
UNILEVER ROUP ONTINUED