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 2019, note 34. The fair value of financial assets and liabilities recognized as their amortized cost is estimated to be, in principle, the same as their recognized values.

Group Mar 31 2020 Mar 31 2019 Dec 31 2019
MSEK Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total
Koncernen 31 mar 2020 31 mar 2019 31 dec 2019
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 68 68 98 98 82 82
Of which investments in unlisted funds Varav onoterade fonder 46 46 72 72 58 58
Of which shareholding in unlisted company Varav onoterade aktier 22 22 26 26 24 24
Other current receivables Övriga kortfristiga fordringar 2 2 9 9 –
Of which commodity hedging with futures Varav råvarusäkring med termin 2 2 7 7 –
Of which currency swaps Varav valutaswappar – 2 2 –
Total financial assets Summa finansiella tillgångar 2 68 70 9 98 107 – 82 82
Financial liabilities Finansiella skulder
Other long-term liabilities Övriga långfristiga skulder 12 12 17 1 18 13 13
Of which interest rate swaps Varav ränteswappar 11 11 17 17 13 13
Of which commodity hedging with futures Varav råvarusäkring med termin 1 1 – –
Of which contingent consideration Varav villkorad köpeskilling – 1 1 –
Other current liabilities Övriga kortfristiga skulder 8 1 9 1 11 12 3 1 4
Of which currency swaps Varav valutaswappar 3 3 1 1 2 2
Of which commodity hedging with futures Varav råvarusäkring med termin 5 5 1 1
Of which contingent consideration Varav villkorad köpeskilling 1 1 11 11 1 1
Total financial liabilities Summa finansiella skulder 20 1 21 18 12 30 16 1 17

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
Unlisted funds Unlisted shares
MSEK Mar 31 2020 Mar 31 2019 Dec 31 2019 Mar 31 2020 Mar 31 2019 Dec 31 2019
Koncernen Andra långfristiga värdepappersinnehav
Onoterade fonder Onoterade aktier
Mkr 31 mar 2020 31 mar 2019 31 dec 2019 31 mar 2020 31 mar 2019 31 dec 2019
Opening balance Ingående balans 58 89 89 24 25 25
Investments Investeringar 1 9
Sales Försäljningar -1 -1
Dividends received Erhållen utdelning -16 -22 -55
Reported in profit/loss for the period Redovisat i periodens resultat
Net finance Finansnetto 4 4 15
Reported in other comprehensive income Redovisat i övrigt totalresultat -1 1 0
Closing balance Utgående balans 46 72 58 22 26 24
Group Contingent consideration
MSEK Mar 31 2020 Mar 31 2019 Dec 31 2019
Koncernen Villkorad köpeskilling
Mkr 31 mar 2020 31 mar 2019 31 dec 2019
Opening balance Ingående balans 1 34 34
Acquisitions during the period Periodens förvärv –
Payments during the period Periodens utbetalningar -23 -31
Reported in profit/loss for the period Redovisat i periodens resultat
Other operating costs (+) / other operating income (-) Övriga rörelsekostnader (+) / övriga rörelseintäkter (-) -3
Interest expense (discount) 1) Räntekostnad (diskontering) 1) 1 1
Reported in other comprehensive income Redovisat i övrigt totalresultat 0 0
Closing balance Utgående balans 1 12 1
1) Recognized in net financial items

The contingent consideration will amount from SEK 0 million to a maximum of  SEK 1 million.