Addnode Group Annual Report 2015 | Page 61

ANNUAL REPORT Notes

NOTE 19 DISCLOSURES OF FINANCIAL INSTRUMENTS

The carrying amount of the Group ’ s financial instruments , distributed among measurement categories according to IAS 39 , is summarised in the table below . No financial assets or liabilities are recognised at a value that considerably deviates from the fair value . A more detailed description of certain items is provided in separate notes according to the instructions below . Financial risks and risk management are described in Note 37 .

Assets Note 31 / 12 / 2015 31 / 12 / 2014

Loans and trade accounts receivable Non-current receivables 21 7,427 7,489 Accounts receivable – trade 432,110 387,975 Other receivables 6,145 8,535

Available-for-sale financial assets Long-term securities holdings 1 ) 20 9,255 6,231

Cash and cash equivalents 36 102,855 72,397

1 )

Long-term securities holdings pertain to unlisted shares and participations and are attributable to level 3 in the fair value hierarchy according to IFRS 13 . Level 3 entails that the fair value measurement is not based on observable market data . The opening carrying amount for the year of unlisted shares and participations was SEK 6,231 thousand ( 731 thousand ), the year ’ s investments amounted to SEK 3,425 thousand ( 5,500 thousand ), the year ’ s reclassifications amounted to SEK – 401 thousand (–), and the year ’ s closing carrying amount amounted to SEK 9,255 thousand ( 6,231 thousand ) ( see Note 20 ). No result has been recognised in the income statements for 2015 or 2014 from unlisted shares and participations . For shareholdings and participations remaining at 31 December 2015 , no gains or losses have been recognised in the income statement or in other comprehensive income for 2015 or prior years . The carrying amounts for the unlisted shareholdings and participations as at 31 December 2015 correspond to the cost for the respective holdings . Reasonable possible alternative assumptions in the measurement of the fair value would not result in any significant impact on the Group ’ s accounting .

2 )

Provisions for estimated contingent consideration for acquisitions are attributable to level 3 in the fair value hierarchy according to

During 2015 and 2014 no transfers were made between the levels in the fair value hierarchy according to IFRS 13 . The tables below show revenue , expenses , gains and losses attributable to financial instruments , broken down by measurement categories according to IAS 39 .

Group

IFRS 13 . The provisions have been measured at fair value based on an assessment of future earnings and to a certain extent on future revenue in the acquired companies or businesses . The opening carrying amount of provisions for contingent consideration for the year was SEK 4,189 thousand ( 55,054 thousand ), additional provisions during the year for acquisitions amounted to SEK 46,340 thousand (–), revaluations for the year amounted to – (– 34,324 thousand ), contingent consideration paid during the year amounted to SEK – 4,175 thousand (– 18,031 ), exchange rate differences for the year amounted to SEK – 679 thousand ( 1,490 thousand ), and the closing carrying amount for the year was SEK 45,675 thousand ( 4,189 thousand ). The total result recognised in the 2015 income statement of revaluation of contingent consideration was – ( SEK 34,324 thousand ), which pertained to unrealised gains . In addition , an exchange rate gain of SEK 14 thousand (– 475 thousand ) was recognised in the income statement , of which – ( SEK – 71 thousand ) pertained to unrealised gains / losses . Unrealised exchange rate gains / losses of SEK 665 thousand (– 1,015 ) pertaining to contingent consideration which constitute a hedge of a net investment in foreign operations were recognised in other comprehensive income . Further information about contingent consideration and its measurement is provided in Notes 27 and 35 .

Group 2015 Group 2014

Interest income

Interest expense

Interest income

Interest expense