30) Financial instruments related to commodity contracts

Financial instruments related to oil, gas and power activities as well as related currency derivatives are recorded at fair value under “Other current assets” or “Other creditors and accrued liabilities” depending on whether they are assets or liabilities.ties.

Table : 2014 Financial instruments related to commodity contracts

Table : 2013 Financial instruments related to commodity contracts

Table : 2012 Financial instruments related to commodity contracts

Most commitments on crude oil and refined products have a short term maturity (less than one year). The maturity of most Gas & Power energy derivatives is less than three years forward.

The changes in fair value of financial instruments related to commodity contracts are detailed as follows :

Table : The changes in fair value of financial instruments related to commodity contracts

The fair value hierarchy for financial instruments related to commodity contracts is as follows:

Table : 2014 The fair value hierarchy for financial instruments related to commodity contracts

Table : 2013 The fair value hierarchy for financial instruments related to commodity contracts

Table : 2012 The fair value hierarchy for financial instruments related to commodity contracts

The description of each fair value level is presented in Note 1) "Accounting policies" paragraph M) "Financial assets and liabilities" (v) "Fair value of financial instruments" to the Consolidated Financial Statements.