The different categories of financial instruments in the Group’s balance sheet are presented in the table below.
Financial instruments 2020, MSEK |
|
Amortised cost |
|
Financial assets and liabilities recognised at fair value via profit or loss |
|
Derivatives used in hedge accounting |
|
Financial liabilities valued at amortised cost |
|---|---|---|---|---|---|---|---|---|
Assets |
|
|
|
|
|
|
|
|
Long-term receivables |
|
899 |
|
— |
|
— |
|
— |
Financial assets |
|
— |
|
2,729 |
|
— |
|
— |
Rent receivables |
|
47 |
|
— |
|
— |
|
— |
Other receivables |
|
475 |
|
— |
|
— |
|
— |
Cash and bank |
|
161 |
|
— |
|
— |
|
— |
Liabilities |
|
|
|
|
|
|
|
|
Interest rate derivatives |
|
— |
|
740 |
|
— |
|
|
Currency derivatives |
|
— |
|
— |
|
392 |
|
|
Long-term liabilities |
|
— |
|
— |
|
— |
|
45,499 |
Accounts payable |
|
— |
|
— |
|
— |
|
125 |
Other liabilities |
|
— |
|
— |
|
— |
|
1,497 |
Total |
|
1,582 |
|
1,989 |
|
392 |
|
47,122 |
Financial instruments 2019, MSEK |
|
Amortised cost |
|
Financial liabilities recognised at fair value via profit or loss |
|
Derivatives used in hedge accounting |
|
Financial liabilities valued at amortised cost |
|---|---|---|---|---|---|---|---|---|
Assets |
|
|
|
|
|
|
|
|
Long-term receivables |
|
856 |
|
— |
|
— |
|
— |
Rent receivables |
|
70 |
|
— |
|
— |
|
— |
Other receivables |
|
132 |
|
— |
|
— |
|
— |
Cash and bank |
|
173 |
|
— |
|
— |
|
— |
Liabilities |
|
|
|
|
|
|
|
|
Interest rate derivatives |
|
— |
|
592 |
|
— |
|
— |
Currency derivatives |
|
— |
|
— |
|
123 |
|
— |
Long-term liabilities |
|
— |
|
— |
|
— |
|
40,604 |
Accounts payable |
|
— |
|
— |
|
— |
|
203 |
Other liabilities |
|
— |
|
— |
|
— |
|
1,514 |
Total |
|
1,231 |
|
592 |
|
123 |
|
42,321 |
Financial instruments such as rent receivables, accounts payable and so on are recognised at amortised cost less any impairments, which is why fair value is deemed to agree with book value. Long-term interest-bearing liabilities have primarily short-term interest conditions – and for long-term MTNs, the fair value must not differ significantly from nominal values – which in all entails that amortised cost corresponds to fair value.