Note 6 Available-for-sale financial assets
€ million | |
Carrying amount as at 1 January 2016 | 229 |
Movements in 2016 | |
Currency translation differences | 5 |
Fair value movements | -10 |
Total | -5 |
Carrying amount as at 31 December 2016 | 224 |
Movements in 2017 | |
Currency translation differences | -20 |
Fair value movements | -11 |
Total | -31 |
Carrying amount as at 31 December 2017 | 193 |
Available-for-sale financial assets as at year-end 2017 comprises investments in a debt instrument issued by a large financial institution which serves to cover obligations arising from two cross-border lease contracts (2016: €224 million). The carrying amount of the related lease obligations was €148 million at year-end 2016 (2016: €168 million).