E2. Financial assets, cash and cash equivalents

AP Accounting principles

Cash and cash equivalents are defined as cash and bank balances as well as current investments with a maturity of less than three months from the acquisition date. Restricted deposits are not included in cash and cash equivalents. Loan receivables are recognized at amortized cost.

Available-for-sale financial assets are measured at fair value. Changes in value are recognized in equity under other comprehensive income, while exchange gains and losses are recognized in profit or loss.

Financial assets, cash and cash equivalents

 

Carrying amount

SEKm

2017

2016

2015

Non-current financial assets

 

 

 

TE2:1 Available-for-sale financial assets

87

82

75

Derivatives

438

608

420

Loan receivables, associates

207

Loan receivables, other

27

24

26

BS Total

552

714

728

 

 

 

 

Current financial assets

 

 

 

Financial assets

19

19

Derivatives

831

183

733

Accrued financial income

1

Loan receivables, other

255

42

42

BS Total

1,105

244

776

 

 

 

 

Cash and cash equivalents

 

 

 

Cash and bank balances

3,365

2,888

2,340

Current investments < 3 months

742

1,356

2,488

BS Total

4,107

4,244

4,828

Total financial assets, cash and cash equivalents

5,764

5,202

6,332

Cash and cash equivalents at December 31, 2017 include SEK 1,974m (1,672; 1,088) that is not fully available for use by Essity or for which other limitations exist, primarily cash and cash equivalents in countries that are subject to exchange restrictions and other legal restrictions. Accordingly, it is not possible to immediately use these cash and cash equivalents in other areas of the Group, although it is normally possible to use them in the operations of the respective country.

TE2:1 Available-for-sale financial assets

SEKm

2017

2016

2015

Value, January 1

82

75

1,807

Investments

2

4

Divestment of securities

–2,046

Remeasurement taken to equity, net

1

–1

318

Translation differences

2

4

–4

Value, December 31

87

82

75

Available-for-sale financial assets

SEKm

2017

2016

2015

Pension assets not included in IAS 19 calculation

87

82

75

Total

87

82

75

Shares in pension assets attributable to certain pension obligations are classified as available-for-sale financial assets. These assets are not included in the normal pension calculations, as set out in Note C5 Remuneration after termination of employment.