FINANCIAL INFORMATION
THE GROUP
NOTE 17
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT
FAIR VALUE OF FINANCIAL INSTRUMENTS
The fair values of interest-bearing assets and liabilities may differ from their carrying amounts, partly as a result of changes in market
interest rates. The fair values of these assets have been determined by discounting future cash flows using current interest rates and
exchange rates for equivalent instruments. For financial instruments such as trade receivables, trade payables and other non-interest-be-
aring financial assets and liabilities, which are carried at amortized cost less any impairment losses, the fair value is deemed to agree with
the carrying amount. Financial instruments at fair value in the balance sheet belongs to level two in IFRS 13 hierarchy. The Group’s
longterm borrowing is mainly through credit facilities with long maturities but short fixed-rate periods.
2017
SEK million
Financial assets
Accounts receivable
Other receivables
Accrued income
Derivative
Liquid assets
Total assets
Financial liabilities
Interest-bearing liabilities
Derivative
Accounts payable
Accrued liabilities
Other liabilities
Total liabilities
Assets at fair
value through
Loans and
profit and loss accounts receivables
982.8
0.3
62.0
7.6
2.2*
202.4
Liabilities at
fair value through
profit and loss
1.3
Liabilities at
amortized costs
1 839.7
535.9
234.5
105.0
Total
982.8
62.3
7.6
2.2
202.4
1 257.3 Fair value
982.8
62.3
7.6
2.2
202.4
1 257.3
Total
1 839.7
0.0
535.9
234.5
106.3
2 716.4 Fair value
1 839.7
0.0
535.9
234.5
106.3
2 716.4
Total
906.2
46.7
7.6
5.5
218.9
1 184.9 Fair value
906.2
46.7
7.6
5.5
218.9
1 184.9
Total
1 967.8
0.0
492.5
215.0
110.2
2 785.5 Fair value
1 967.8
0.0
492.5
215.0
110.2
2 785.5
*Derivative is included in the item Other receivables in the Consolidated balance sheet.
2016
SEK million
Financial assets
Accounts receivable
Other receivables
Accrued income
Derivative
Liquid assets
Total assets
Financial liabilities
Interest-bearing liabilities
Derivative
Accounts payable
Accrued liabilities
Other liabilities
Total liabilities
Assets at fair
value through
profit and loss
0.9
Loans and
accounts
receivable
906.2
45.8
7.6
5.5*
218.9
Liabilities at
fair value through
profit and loss
5.0
Liabilities at
amortized costs
1 967.8
492.5
215.0
105.2
*Derivative is included in the item Other receivables in the Consolidated balance sheet.
NWG 2017 | 81