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16. Other current assets

 31 December 201631 December 2015
Prepaid expenses - current portion8976
Receivables for grants9895
Receivables from employees and social security5655
Indirect tax receivables79164
Deferred receivables under Law no. 808/8543
Other related party receivables (Note 34)48
Fair value of the residual portion in portfolio of Ansaldo Energia138-
Other assets148127

The increase relates to the reclassification from non-current assets of the fair value of the residual equity investment in Ansaldo Energia. This item refers to 15% of the company’s share capital (classified as fair value through profit and loss), which will be sold upon the exercise of the put&call options, defined below, by the parties, at a pre-arranged price of €mil. 117 in respect of which capitalised interest accrues at a yearly 6% rate. In particular, Leonardo can exercise its put option between 30 June and 31 December 2017, while the call option of FSI is exercisable in the same period or before if some conditions occur. Considering that the expiry date of the options is nearing, the item was reclassified under current assets. This amount was taken into account during the calculation of the KPI “Group Net Debt”, as highlighted in Note 19.

The table below provides detail of the asset and liability positions related to derivative instruments.

 31 December 201631 December 2015
Forward forex instruments153297129238
Derivatives covering debt items136142
Embedded derivatives9-22
Interest rate swaps2423

The table below provides the fair values of the various derivatives in the portfolio:

 Fair value at
 31 December 201631 December 2015
Interest rate swaps      
Fair value hedge------
Cash flow hedge-(1)(1)---
Currency forward/swap/option      
Fair value hedge1(36)(35)1(42)(41)
Cash flow hedge153(297)(144)129(238)(109)
Embedded derivative (trading)9-92(2)-