19. Cash Flow Hedge Reserve
2020 | 2019 | ||
Group | Note | €’000 | €’000 |
Balance at 1 January | - | (91) | |
Effective portion of cash flow hedge | - | - | |
Reclassification of cash flow hedge reserve to Income Statement | - | 104 | |
Deferred tax on cash flow hedge | - | (13) | |
Balance at 31 December | - | - |
The cash flow hedge reserve comprises the effective portion of the cumulative net change in the fair value of the interest rate swap related to the Barclay’s project loan facility. The cash flow hedge agreement matured in June 2019.