Table:
| USDm | 2019 | 2018 |
| --- | --- | --- |
| Partners and commercial managements | 1.9 | - |
| Derivative financial instruments | 0.5 | 3.7 |
| Tax receivables | 1.5 | 1.2 |
| Other | 2.3 | 2.6 |
| Balance as of 31 December | 6.2 | 7.5 |
Paragraphs:
NOTE 11 – OTHER RECEIVABLES
No significant other receivables are past due or credit impaired.
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.
Question:
Why is the carrying amount a reasonable approximation of fair value?
Answer: due to the short-term nature of the receivables