19.3 Hedging reserve
| Year ended 31 December 2023 | Year ended 31 December 2022 | |
|---|---|---|
| AS AT 1 JANUARY | (32) | 609 |
| Change in hedging reserve,including: | (1,313) | (791) |
| Valuation of hedging instruments, including: |
(1,325) | (788) |
| Recognition of the effective portion of change in fair value of hedging financial instruments in the part considered as effective hedge |
(1,396) | (728) |
| Accrued interest on derivatives transferred from hedging reserve and recognised in interest expense |
25 | (45) |
| Currency revaluation of CCIRS transaction transferred from hedging reserve and recognised in foreign exchange gains/losses |
49 | (13) |
| Ineffective portion of change in fair value of hedging derivatives recognised in profit or loss | (3) | (2) |
| Valuation of other financial instruments |
12 | (3) |
| Deferred tax | 250 | 150 |
| AS AT 31 DECEMBER | (1,095) | (32) |
The hedging reserve includes mainly valuation of hedging instruments to which cash flow hedge accounting is applied.