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Other investments
 12 Months Ended
Dec. 31, 2019
Financial Instruments [Abstract]  
Other investments
Other investments
 
 
 
 
 
$ million

 
 
 
2019

 
2018

 
 
Current

Non-current

Current

Non-current

Equity investmentsa
 
—

571

1

482

Other
 
169

705

221

859

 
 
169

1,276

222

1,341

a 
The majority of equity investments are unlisted.
Other investments includes $598 million relating to contingent consideration amounts arising on disposals (2018 $893 million) which are financial assets classified as measured at fair value through profit or loss. The fair value is determined using an estimate of discounted future cash flows that are expected to be received and is considered a level 3 valuation under the fair value hierarchy. Future cash flows are estimated based on inputs including oil and natural gas prices, production volumes and operating costs related to the disposed operations. The discount rate used is based on a risk-free rate adjusted for asset-specific risks.
The accounting classification of each category of financial instruments and their carrying amounts are set out below.
 
 
 
 
 
 
 
$ million

At 31 December 2019
 
Note

 
Measured at amortized cost

Mandatorily measured at fair value through profit or loss

Derivative hedging instruments

Total carrying
amount

Financial assets
 
 
 
 
 
 
 
Other investments
 
18

 
—

1,445

—

1,445

Loans
 
 
 
906

63

—

969

Trade and other receivables
 
20

 
24,271

—

—

24,271

Derivative financial instruments
 
30

 
—

9,984

483

10,467

Cash and cash equivalents
 
25

 
18,183

4,289

—

22,472

Financial liabilities
 
 
 
 
 
 
 
Trade and other payables
 
22

 
(55,891
)
—

—

(55,891
)
Derivative financial instruments
 
30

 
—

(8,122
)
(676
)
(8,798
)
Accruals
 
 
 
(6,062
)
—

—

(6,062
)
Lease liabilities
 
28

 
(9,722
)
—

—

(9,722
)
Finance debta
 
26

 
(67,724
)
—

—

(67,724
)
 
 
 
 
(96,039
)
7,659

(193
)
(88,573
)
29. Financial instruments and financial risk factors – continued
 
 
 
 
 
 
 
$ million

At 31 December 2018
 
Note

 
Measured at amortized cost

Mandatorily measured at fair value through profit or loss

Derivative hedging instruments

Total carrying
amount

Financial assets
 
 
 
 
 
 
 
Other investments
 
18

 
—

1,563

—

1,563

Loans
 
 
 
839

124

—

963

Trade and other receivables
 
20

 
24,080

—

—

24,080

Derivative financial instruments
 
30

 
—

8,564

427

8,991

Cash and cash equivalents
 
25

 
20,366

2,102

—

22,468

Financial liabilities
 
 
 




Trade and other payables
 
22

 
(56,790
)
—

—

(56,790
)
Derivative financial instruments
 
30

 
—

(7,685
)
(1,248
)
(8,933
)
Accruals
 
 
 
(5,201
)
—

—

(5,201
)
Lease liabilities
 
28

 
(667
)
—

—

(667
)
Finance debta
 
26

 
(65,132
)
—

—

(65,132
)
 
 
 
 
(82,505
)
4,668

(821
)
(78,658
)

a As a result of the adoption of IFRS 16 ‘Leases’, leases that were previously classified as finance leases under IAS 17 are now presented as ‘Lease liabilities’ on the group balance sheet and therefore do not form part of finance debt. Comparative information for finance debt and lease liabilities have been amended to be on a consistent basis with amounts presented for 2019. The previously disclosed amounts for finance debt for 2018 was $65,799 million.