37.1. Forward and futures contracts
The Group applies hedge accounting to mitigate the adverse impact of the currency risk and of the risk related to a change in aluminium prices. The Group recognised in equity:
| 31.12.2023 | 31.12.2022 | |
|---|---|---|
| Open currency forward contracts | 2,573 | (2,789) |
| Open futures and swaps contracts for the purchase of aluminium | 4,867 | (1,193) |
| Total | 7,440 | (3,982) |
The aforementioned items will affect the Group result in 2024. The effectiveness of hedging transactions is monitored on an ongoing basis and in 2023 and 2022 there were no non-effective hedging transactions whose result or part of result should be recognised in the statement of profit or loss.