II. Other financial assets

Other financial assets

The fair value of interest rate hedges refers to derivatives outstanding at 31 December 2008, with a combined notional value of $75m.
The fair value of exchange rate hedges refers in particular to the forward purchase of $14.4m, Chf46.9m, Czk591m, and Sek39m.
See section 3.6, "Financial risk management," for a more detailed analysis.
Receivables from associates are mostly due from North American companies.
Most of the other financial assets are receivables from joint venture partners.