38.1 Forward and futures contracts

The Group applies hedge accounting to mitigate the adverse impact of the currency risk and of the risk related to a change in aluminium prices. The Group recognised in equity: 

The aforementioned items will affect the Group result in 2022. The effectiveness of hedging transactions is monitored on an ongoing basis and in 2021 and 2020 there were no non-effective hedging transactions whose result or part of result should be recognised in the statement of profit or loss.