10. Financial Assets – Current
These current financial assets relate to term accounts with an initial maturity longer than three months and less than 12 months and money market funds that do not qualify as cash equivalents as they are not expected to be used to meet short-term commitments.
|
|
As of December 31, |
||||
|---|---|---|---|---|---|---|
(in thousands of $) |
|
2024 |
|
2023 |
|
2022 |
Money market funds |
|
– |
|
– |
|
46,162 |
Term accounts |
|
1,878,890 |
|
1,131,000 |
|
1,345,646 |
Total current financial assets |
|
1,878,890 |
|
1,131,000 |
|
1,391,808 |
On December 31, 2024, the current financial assets included $104 million (€100 million) held in EUR which could generate a foreign currency exchange gain or loss in the 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 25 Financial Risk Management” for more information on the financial risk management.