Categories of financial instruments The accounting policies for financial instruments have been applied to the items in the table: 2021 in millions of Swiss francs Note At amortised cost At fair value through the income statement Derivatives used for hedge accounting Other financial liabilities Tot al Current financial assets Cash and cash equivalents 18 273 273 Derivative financial instruments 5.3 16 16 Financial assets at fair value through income statement 5.3 4 4 Accounts receivable – trade 19 1,464 1,464 Other current assets a 147 147 Non-current financial assets Derivative financial instruments 5.3 37 37 Financial assets at fair value through income statement 5.3 297 297 Total financial assets as at 31 December 1,884 317 37 2,238 Current financial liabilities Short-term debt 23 48 b 380 428 Derivative financial instruments 5.3 37 37 Accounts payable 1,008 1,008 Non-current financial liabilities Derivative financial instruments 5.3 61 61 Long-term debt 23 356 b 3,883 4,239 Total financial liabilities as at 31 December 404 37 61 5,271 5,773 a) Other current assets consist of other receivables non trade. b) Lease liabilities. 2020 in millions of Swiss francs Note At amortised cost At fair value through the income statement Derivatives used for hedge accounting Other financial liabilities Tot al Current financial assets Cash and cash equivalents 18 411 411 Derivative financial instruments 5.3 54 54 Financial assets at fair value through income statement 5.3 4 4 Accounts receivable – trade 19 1,359 1,359 Other current assets a 154 154 Non-current financial assets Derivative financial instruments 5.3 65 65 Financial assets at fair value through income statement 5.3 180 180 Total financial assets as at 31 December 1,924 238 65 2,227 Current financial liabilities Short-term debt 23 45 b 161 206 Derivative financial instruments 5.3 19 30 49 Accounts payable 809 809 Non-current financial liabilities Derivative financial instruments 5.3 103 103 Long-term debt 23 369 b 3,876 4,245 Total financial liabilities as at 31 December 414 19 133 4,846 5,412 a) Other current assets consist of other receivables non trade. b) Lease liabilities. The carrying amount of each class of financial assets and liabilities disclosed in the previous tables approximates to the fair value. The fair value of each class of financial assets and liabilities, except financial assets and liabilities at amortised cost, is determined by reference to published price quotations and is estimated based on valuation techniques using the 59 Givaudan — 2021 Governance, Compensation and Financial Report Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix Notes to the consolidated financial statements