10. Financial Assets — Current
These current financial assets relate to term accounts with an initial maturity longer than 3 months but less than 12 months and money market funds that do not qualify as cash equivalents.
|
|
At December 31, |
||||
(in thousands of $) |
|
2022 |
|
2021 |
|
2020 |
Money market funds |
|
46,162 |
|
73,052 |
|
130,290 |
Term accounts |
|
1,345,646 |
|
929,000 |
|
649,359 |
Total current financial assets |
|
1,391,808 |
|
1,002,052 |
|
779,649 |
On December 31, 2022, the current financial assets included $376.8 million (€353.3 million) held in EUR, which could generate a foreign currency exchange gain or loss in our financial results in accordance with the fluctuations of the USD/EUR exchange rate as the Company’s functional currency is USD.
Please also refer to note 26 for more information on the financial risk management.