28. Derivative financial instruments

A A A
PLN ’000 Dec 31 2013 Dec 31 2012
Current financial assets    
Commodity swaps (commodities and petroleum products) 736 45
Currency forward and spot contracts 34,924 73,452
Interest rate swap (IRS) - 11,318
Currency swap 38,275 36,519
Total financial assets 73,935 121,334
Financial liabilities    
Non-current financial liabilities    
Futures (CO2 emissions) - 1,293
Interest rate swap (IRS) 52,876 87,032
Total 52,876 88,325
Current financial liabilities    
Commodity swaps (commodities and petroleum products) - 337
Futures (CO2 emissions) - 2,494
Currency forward and spot contracts 1,017 9,161
Interest rate swap (IRS) 19,387 60,975
Currency swap 873 18,033
Total 21,277 91,000
Total financial liabilities 74,153 179,325

For description of the derivative financial instruments, see Note 7.25. For description of objectives and policies of financial risk management, see Note 32.

For market risk sensitivity analysis of derivative financial instruments related to changes in prices of petroleum commodities and products, see Note 32.1.1.

For market risk sensitivity analysis of derivative financial instruments related to fluctuations in prices of carbon dioxide (CO2) emission allowances, see Note 32.2.1.

For currency risk sensitivity analysis of derivative financial instruments, see Note 32.3.1.

For interest rate sensitivity analysis of derivative financial instruments, see Note 32.4.1.

For maturities of derivative financial instruments, see Note 32.5.

For information on the maximum credit risk exposure of derivative financial instruments (financial assets), see Note 32.6.