E7. Financial income and expenses
SEKm |
2021 |
2020 |
2019 |
|---|---|---|---|
Result from non-current financial assets |
|
|
|
Dividend |
– |
1 |
1 |
Interest income and similar profit items |
|
|
|
Interest income, investments |
86 |
107 |
105 |
Other financial income |
16 |
– |
– |
IS Total financial income |
102 |
108 |
106 |
|
|
|
|
Interest expenses and similar loss items |
|
|
|
Interest expenses, borrowing |
–630 |
–762 |
–884 |
Interest expenses, derivatives |
–52 |
–186 |
–378 |
Interest expenses, lease liabilities |
–79 |
–98 |
–110 |
Fair value hedges, unrealized |
33 |
17 |
–3 |
Other financial expenses |
–36 |
–37 |
–40 |
IS Total financial expenses |
–764 |
–1,066 |
–1,415 |
OCF Total |
–662 |
–958 |
–1,309 |
Other financial income and expenses include an exchange difference of SEK 16m (0; –4).
Sensitivity analysis
If interest rate levels had been 1 percentage point higher/lower, with unchanged fixed-interest terms and volumes in the net debt, interest expenses for the period would have been SEK 0m (87; 116) higher/lower. Sensitivity analysis calculations have been performed on the risk to which Essity was exposed at December 31, 2021 using assumptions on market movements that are regarded as reasonably possible in one year’s time.
For a description of the methods used by Essity to manage its interest rate risk, refer to the Risks and risk management section.