4.3.16Other Financial Assets

The breakdown of the non-current portion of other financial assets is as follows:

The increase in non-current portion of other receivables relates to the extension of the lease period for FPSO Cidade de Anchieta which is considered as a lease reassessment as per IFRS 16. This leads to an update of the linearized revenue up to the new end date of the contract which led to the recognition of an accrued income of US$78 million (out of which US$69 million is classified as non-current).

The current portion of (i) other receivables and sublease receivables and (ii) loans to joint ventures and associates is included within the ‘Trade and other receivables’ in the statement of financial position.

In relation to the exposure to credit risk at the reporting date on the carrying amount of the interest-bearing loans, non-current portion of other receivables and sublease receivable, please refer to note 4.3.8 Net Impairment Gains/(Losses) on Financial and Contract Assets and note 4.3.27 Financial Instruments − Fair Values and Risk Management for the risk of recoverability (i.e. for expected credit losses). The Company does not hold any collateral as security.

The breakdown of loans to joint ventures and associates is presented below.