Table:
|  | As of December 31, |  |
| --- | --- | --- |
|  | 2018 | 2019 |
| Various guarantees | 451 | 388 |
| Other long-term assets | 2,092 | 1,613 |
| Cash collaterals on swaps | — | 22,220 |
| Total | 2,543 | 24,221 |
Paragraphs:
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
10. Other Non-Current Assets
Other non-current assets consist of the following:
Cash collaterals on swaps represent cash deposited for the Group’s interest rate swaps being the difference between their fair value and an agreed threshold.
Question:
What does cash collaterals on swaps represent?
Answer: Cash collaterals on swaps represent cash deposited for the Group’s interest rate swaps being the difference between their fair value and an agreed threshold.