Note 4 – Financial assets and liabilities valued at fair value

The table below shows the allocated level for financial assets and financial liabilities recognized at fair value in the Group’s balance sheet. Measurement of fair value is based on a three level hierarchy;

Level 1: prices that reflect quoted prices on an active market for identical assets.
Level 2: based on direct or indirect inputs observable to the market not included in level 1.
Level 3: based on inputs unobservable to the market.

For a description of how fair value has been calculated see the Annual Report 2018, note 34. The fair value of financial assets and liabilities is estimated to be, in principle, the same as their recognized values.

Group 31 Mar 2019 31 Mar 2018 31 Dec 2018
MSEK Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total
Koncernen 31 mar 2019 31 mar 2018 31 dec 2018
Mkr Nivå 2 Nivå 3 Summa Nivå 2 Nivå 3 Summa Nivå 2 Nivå 3 Summa
Financial assets Finansiella tillgångar
Other securities held as fixed assets Andra långfristiga värdepappersinnehav 93 93 92 92 109 109
Of which investments in unlisted funds Varav onoterade fonder 72 72 71 71 89 89
Of which shareholding in unlisted company Varav onoterade aktier 21 21 21 21 20 20
Other long-term receivables Andra långfristiga fordringar – 2 2 –
Of which commodity hedging with futures Varav råvarusäkring med termin – 2 2 –
Other current receivables Övriga kortfristiga fordringar 9 9 1 1 1 1
Of which commodity hedging with futures Varav råvarusäkring med termin 7 7 – –
Of which currency swaps Varav valutaswappar 2 2 1 1 1 1
Other securities held as current assets Andra kortfristiga värdepappersinnehav 38 38 – –
Of which repurchased shares in tenant-owner associations Varav återköpta andelar i bostadsrättsföreningar 38 38 – –
Total financial assets Summa finansiella tillgångar 9 131 140 3 92 95 1 109 110
Financial liabilities Finansiella skulder
Other long-term liabilities Övriga långfristiga skulder 17 1 18 36 23 59 22 23 45
Of which interest rate swaps Varav ränteswappar 17 17 36 36 18 18
Of which commodity hedging with futures Varav råvarusäkring med termin – – 4 4
Of which contingent consideration Varav villkorad köpeskilling 1 1 23 23 23 23
Other current liabilities Övriga kortfristiga skulder 1 11 12 10 11 21 1 11 12
Of which currency swaps Varav valutaswappar 1 1 10 10 1 1
Of which contingent consideration Varav villkorad köpeskilling 11 11 11 11 11 11
Total financial liabilities Summa finansiella skulder 18 12 30 46 34 80 23 34 57

The tables below are a reconciliation between the opening and closing balance for assets and liabilities included in level 3.

Group Other securities held as fixed asset Other securities held as current asset
Unlisted funds Unlisted shares Repurchased shares in tenant-owner associations
MSEK 31 Mar 2019 31 Mar 2018 31 Dec 2018 31 Mar 2019 31 Mar 2018 31 Dec 2018 31 Mar 2019
Koncernen Andra långfristiga värdepappersinnehav Andra kortfristiga värdepappersinnehav
Onoterade fonder Onoterade aktier Återköpta andelar i bostadsrättsföreningar
Mkr 31 mar 2019 31 mar 2018 31 dec 2018 31 mar 2019 31 mar 2018 31 dec 2018 31 mar 2019
Opening balance Ingående balans 89 59 59 20 21 21 –
Investments Investeringar 1 5 19 471
Sales Försäljningar -12 -331
Dividends received Erhållen utdelning -22 -3
Reported in profit/loss for the period Redovisat i periodens resultat
Production costs 1) Kostnader för produktion 1) -102
Net finance Finansnetto 4 7 14 11
Reported in other comprehensive income Redovisat i övrigt totalresultat 1
Closing balance Utgående balans 72 71 89 21 21 20 38
1) Have corresponded to project provisions of SEK 102 million and therefore the net effect in the income statement is SEK 0 million.
Group Contingent consideration
MSEK 31 Mar 2019 31 Mar 2018 31 Dec 2018
Koncernen Villkorad köpeskilling
Mkr 31 mar 2019 31 mar 2018 31 dec 2018
Opening balance Ingående balans 34 34 34
Acquisitions during the period Periodens förvärv 2
Payments during the period Periodens utbetalningar -23 -3
Reported in profit for the period Redovisat i periodens resultat
Other operating costs Övriga rörelsekostnader 1
Interest expense (discount) 1) Räntekostnad (diskontering) 1) 1 0 0
Reported in other comprehensive income Redovisat i övrigt totalresultat 0 0
Closing balance Utgående balans 12 34 34
1) Recognized in net financial items

The contingent consideration will amount to at least SEK 3 million and at most SEK 17 million.