Table:
|  |  | 2019 | 2018 |
| --- | --- | --- | --- |
|  | Notes | $ million | $ million |
| Non-current trade and other receivables | 20 | 5.7 | 3.5 |
| Cash and cash equivalents | 22 | 183.2 | 121.6 |
| Current trade and other receivables | 20 | 133.2 | 126.9 |
| Current other financial assets | 20 | 0.1 | – |
| Financial assets |  | 322.2 | 252.0 |
| Non-current other payables, excluding government grants | 23 | 0.8 | 4.4 |
| Current trade payables, other payables and accruals | 23 | 75.4 | 57.1 |
| Lease liabilities, current and non-current | 26 | 33.0 | – |
| Contractual provisions | 28 | 3.6 | 3.6 |
| Financial liabilities |  | 112.8 | 65.1 |
Paragraphs:
30. Financial instruments and financial risk management
The main purpose of the Group’s financial instruments, other than trade and other receivables, trade and other payables, contractual provisions and lease liabilities, is to fund the Group’s liquidity requirements.
All of the Group’s financial assets and liabilities are categorised as financial assets/liabilities stated at amortised cost, except for forward foreign currency exchange contracts, included within current other financial assets, that are designated as financial assets at fair value through profit or loss and corporate owned life insurance, amounting to $3.0 million (2018 $2.4 million), included within non-current trade and other receivables, that is designated as financial assets at fair value through profit or loss. These are shown in the below table:
The Group enters into derivative transactions, forward foreign currency exchange contracts, for the management of the Group’s foreign currency exposures when deemed appropriate.
The key objective of the Group’s treasury department is to manage the financial risks of the business and to ensure that sufficient liquidity is available to the Group. All treasury activity operates within a formal control framework. The Board has approved treasury policies and guidelines and periodically reviews treasury activities. Additionally, it is the Group’s policy that speculative treasury transactions are expressly forbidden.
Question:
What is the key objective of the Group's treasury department?
Answer: to manage the financial risks of the business and to ensure that sufficient liquidity is available to the Group