Note 12 Net financial income/expenses
Accounting principle
Financial income and expenses
Financial income and expenses consist of interest income on cash in bank, receivables and interest-bearing securities, interest expenses on liabilities, dividend revenues, changes in fair value of financial investments and changes in fair value of derivatives used within the financial business.
Interest income on receivables and interest expenses on liabilities are calculated in accordance with the effective interest rate method. The effective interest rate is the exact discount rate for estimated future payments and disbursements during the expected life of the financial instrument at the recognized gross value of a financial asset or the accrued acquisition value of a financial liability. Interest income and interest expenses include accrued transaction costs as well as possible discounts or premiums.
Dividend income is recognized when the right to payment is established. The results of sales of financial investments are recognized on the trade date.
Interest costs are charged to profit/loss during the period to which they refer except to the extent that they are included in an asset’s acquisition value. An asset for which interest is included in the acquisition price is an asset which must necessarily require considerable time to prepare for the intended use or sale.
| MSEK | 2024 | 2023 | |
| Mkr | 2024 | 2023 | |
| Interest income 1) | Ränteintäkter 1) | 257 | 583 |
| Dividends received related to financial assets valued at fair value via profit/loss | Utdelningar på finansiella tillgångar värderade till verkligt värde via resultatet | 1 | 0 |
| Change in value of financial assets valued at fair value via profit/loss: | Värdeförändring på finansiella tillgångar värderade till verkligt värde via resultatet: | ||
| Change in value currency swaps | Värdeförändringar valutaswappar | 1 | 1 |
| Financial income | Finansiella intäkter | 259 | 584 |
| Interest expenses 2) | Räntekostnader 2) | -612 | -518 |
| Net exchange rate fluctuation | Netto valutakursförändringar | -1 | -7 |
| Increase during the year in discounted amounts of provisions for restoration costs | Ökning under året av diskonterade belopp på avsättning för återställningskostnader | -1 | 0 |
| Change in value of financial assets valued at fair value via profit/loss: | Värdeförändring på finansiella tillgångar värderade till verkligt värde via resultatet: | ||
| Unlisted funds | Onoterade fonder | -1 | -26 |
| Change in value currency swaps | Värdeförändring valutaswappar | 0 | -3 |
| Other items | Övriga poster | -27 | -30 |
| Financial expenses | Finansiella kostnader | -642 | -584 |
| Net financial income/expenses | Finansnetto | -383 | 0 |
1) Refers to items valued at accrued acquisition value. In 2024 SEK 130 million (452) is related to the judgement in Mall of Scandinavia.
2) Refers to items valued at accrued acquisition value. Interest has been capitalized of SEK 383 million (523), which has reduced the item interest expenses.