Note 7 Interest and financial costs

 

 

Group

 

Parent Company

 

 

2020

 

2019

 

2020

 

2019

Interest costs

 

792

 

782

 

804

 

779

Interest costs, subsidiaries

 

 

 

74

 

81

Fees for acquisitions

 

70

 

 

70

 

Other financial costs

 

 

2

 

25

 

0

Total

 

862

 

784

 

973

 

860

Net interest expense for the year was MSEK 786 (expense: 782). During the year, interest expenses of MSEK 37 (28) were capitalised regarding investments in the asset portfolio, where an average interest rate level of 1.9% (2.0) was used. Of the Group’s interest costs, MSEK 641 (594) pertains to liabilities valued at amortised cost. The corresponding value for the Parent Company is MSEK 653 (590). The remaining interest costs refer primarily to ongoing interest attributable to Castellum’s interest rate and currency derivatives.

Castellum signed credit agreements both to ensure financing of the combination with Entra and to have full coverage for Entra’s outstanding interest-bearing liabilities. Net income for the period was charged with approximately MSEK 70 for these credits.