PC10. Financial instruments
AP Accounting principles
The Parent company’s financial instruments are recognized in accordance with the Group’s accounting principles. Refer to Notes E1, E2, E3, and E4. Hedge accounting was not applied by the Parent company.
SEKm |
2020 |
2019 |
||||||
|---|---|---|---|---|---|---|---|---|
|
|
|
||||||
Result from participations in Group companies |
|
|
||||||
Dividends from subsidiaries |
2,593 |
4,044 |
||||||
Gain/loss on sales of shares in subsidiaries |
–7 |
– |
||||||
Group contributions received from Group companies |
1,937 |
1,466 |
||||||
Group contributions paid to subsidiaries |
–360 |
–57 |
||||||
Impairment of shares in subsidiaries |
– |
–8 |
||||||
Reversal of impairment of shares in subsidiaries |
7 |
– |
||||||
|
|
|
||||||
Interest income and similar profit items |
|
|
||||||
Interest income, external |
1 |
11 |
||||||
Interest income, Group companies |
230 |
266 |
||||||
|
|
|
||||||
Interest expenses and similar loss items |
|
|
||||||
Interest expenses, external |
–485 |
–523 |
||||||
Interest expenses, Group companies |
–847 |
–614 |
||||||
Other financial expenses1) |
–24 |
–33 |
||||||
IS Total |
3,045 |
4,552 |
||||||
|
||||||||
Interest-bearing liabilities
|
Carrying amount |
|
Fair value |
||
|---|---|---|---|---|---|
SEKm |
2020 |
2019 |
|
2020 |
2019 |
Bond issues |
27,968 |
31,164 |
|
29,084 |
32,299 |
Other non-current loans with a term > 1 yr < 5 yrs |
3,742 |
5,222 |
|
3,766 |
5,238 |
BS Total |
31,710 |
36,386 |
|
32,850 |
37,537 |
|
Carrying amount |
|
Fair value |
||
|---|---|---|---|---|---|
SEKm |
2020 |
2019 |
|
2020 |
2019 |
Bond issues |
5,013 |
– |
|
5,037 |
– |
Loans with maturities of less than one year |
– |
5,022 |
|
– |
5,022 |
BS Total |
5,013 |
5,022 |
|
5,037 |
5,022 |
Issued |
Maturity |
Carrying amount, SEKm |
Fair value, SEKm |
Interest rate % |
|---|---|---|---|---|
Notes EUR 500m |
2021 |
5,013 |
5,037 |
0.50 |
Notes EUR 600m |
2022 |
6,006 |
6,078 |
0.63 |
Notes EUR 500m |
2023 |
4,999 |
5,330 |
2.50 |
Notes EUR 600m |
2024 |
6,000 |
6,234 |
1.13 |
Notes EUR 300m |
2025 |
3,004 |
3,135 |
1.13 |
Notes EUR 500m |
2027 |
4,985 |
5,373 |
1.63 |
Notes EUR 300m |
2030 |
2,974 |
2,934 |
0.50 |
Total |
|
32,981 |
34,121 |
|
Financial instruments by category
AP Accounting principles
In 2020, the categories of financial instruments in the Parent company comprise in accordance with IFRS 9 financial assets and liabilities measured at fair value through profit or loss and amortized cost. All of the Parent company’s financial assets and liabilities measured at fair value through profit or loss are assessed according to measurement level 2. A definition is provided in Note E1. Financial assets measured at amortized cost are continuously reviewed to assess the need for credit loss provisions. If there is a material need for credit loss provisions, a provision is made in accordance with the expected credit loss model.
SEKm |
Note |
2020 |
2019 |
|---|---|---|---|
|
|
|
|
Financial assets measured at fair value through profit or loss |
|
|
|
Derivatives with Group companies – Non-current financial assets |
542 |
545 |
|
Endowment insurances – Other non-current receivables |
|
234 |
227 |
Derivatives with Group companies – Current financial assets |
24 |
56 |
|
Total |
|
800 |
828 |
|
|
|
|
Financial liabilities measured at fair value through profit or loss |
|
|
|
Derivatives with Group companies – Current financial liabilities |
637 |
396 |
|
Total |
|
637 |
396 |
|
|
|
|
Loan and trade receivables measured at amortized cost |
|
|
|
Current interest-bearing receivables with Group companies |
6 |
– |
|
Trade receivables with Group companies |
138 |
239 |
|
Trade receivables – other current receivables |
|
5 |
1 |
Total |
|
149 |
240 |
|
|
|
|
Financial liabilities measured at amortized cost |
|
|
|
Non-current interest-bearing liabilities |
|
31,710 |
36,386 |
Current interest-bearing liabilities to Group companies |
50,890 |
44,580 |
|
Current interest-bearing liabilities |
|
5,013 |
5,022 |
Accounts payables to Group companies |
22 |
20 |
|
Accounts payables |
|
20 |
16 |
Other current liabilities to Group companies |
1 |
1 |
|
Other current liabilities |
|
275 |
274 |
Total |
|
87,931 |
86,299 |
The nominal value of the derivatives before the right of set-off is SEK 75,256m (52,915). The nominal value of the derivatives after the right of set-off is SEK 51,184m (40,309).