5. Net income / (Costs) from commodity risk management – (47) thousand euros

As at 31 December 2014 the change in the fair value measurement of financial contracts recognised in the consolidated income statement was negative for 47 thousand euros.

The portfolio of financial instruments under Hedge Accounting was the predominant component of the overall portfolio.

For more details see the paragraph "Additional disclosures on financial instruments and risk management policies" in the 2014 Consolidated Financial Statements.

It is pointed out that the assessment of counterparty risk carried out in accordance with IFRS 13 does not affect the effectiveness test carried out on the instruments measured under Hedge Accounting rules.