|
|
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.