146 Cyprus Energy Regulatory Authority Movement in provision for impairment of receivables: 2021 2020 € € Balance at 1 January 1.071 - Impairment losses recognised on receivables (905) 1.071 Balance at 31 December 166 1.071 The exposure of the Authority to credit risk and impairment losses in relation to trade and other receivables is reported in note 6 of the financial statements. 2021 2020 € € Balance at 1 January 77.510 124.777 Change in fair value 34.578 (47.267) Balance at 31 December 112.088 77.510 22. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss represent 105.743 Class A shares of nominal value €0.10 each in Bank of Cyprus Holding Public Ltd. The above mentioned shares are listed in Cyprus Stock Exchange and London Stock Exchange and on 31 December 2021 their market value was €1.06 per share (2020: €0.733 per share). The financial assets at fair value through profit or loss are marketable securities and are valued at market value at the close of business on 31 December by reference to Stock Exchange quoted bid prices. Financial assets at fair value through profit or loss are classified as current assets because they are expected to be realised within twelve months from the reporting date. In the statement of cash flows, financial assets at fair value through profit or loss are presented within the section on operating activities as part of changes in working capital. In the statement of profit or loss and other comprehensive income, changes in fair values of financial assets at fair value through profit or loss are recorded in operating income.
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