1. The Group, its strategy and activities - Page 445 | edf - Universal Registration Document

33.2 Breakdown of loans by type of interest rate before and after hedging

	Debt structure in balance sheet			Impact of hedging instruments	Debt structure after hedging
(in millions of euros)	Total	% 31/12/2019	% 31/12/2018	Total	Total	% 31/12/2019	% 31/12/2018
Long-term borrowings and EMTN	Long-term borrowings and EMTN Debt structure in balance sheet 51,312			(23,632)	27,680
Short-term borrowings	Short-term borrowings Debt structure in balance sheet 1,845			-	1,845
Borrowings at fixed rate	Borrowings at fixed rateDebt structure in balance sheet53,157	Borrowings at fixed rateImpact of hedging instruments99	Borrowings at fixed rateDebt structure after hedging99	(23,632)	29,525	55	55
Long-term borrowings and EMTN	Long-term borrowings and EMTN Debt structure in balance sheet 549			23,632	24,181
Short-term borrowings	Short-term borrowings Debt structure in balance sheet-			-	-
Borrowings at floating rate	Borrowings at floating rateDebt structure in balance sheet549	Borrowings at floating rateImpact of hedging instruments1	Borrowings at floating rateDebt structure after hedging1	23,632	24,181	45	45
TOTAL	TOTALDebt structure in balance sheet53,706	TOTALImpact of hedging instruments100	TOTALDebt structure after hedging100	-	53,706	100	100

Note 34 Unrealised foreign exchange gains

Unrealised foreign exchange gains at 31 December 2019 amount to €219 million (€296 million at 31 December 2018), of which €26 million concern a perpetual bond in pounds sterling and €128 million concern a bond in pounds sterling that is entirely hedged by cross-currency swaps.