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 2020, note 35. 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, 2021 Mar 31, 2020 Dec 31, 2020
MSEK Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total
Koncernen 31 mar 2021 31 mar 2020 31 dec 2020
Mkr Nivå 2 Nivå 3 Summa Nivå 2 Nivå 3 Summa Nivå 2 Nivå 3 Summa
Financial assets Finansiella tillgångar
Securities held as fixed assets Långfristiga värdepappersinnehav 62 62 68 68 60 60
Of which unlisted funds Varav onoterade fonder 39 39 46 46 37 37
Of which unlisted shareholdings and participations Varav onoterade aktier och andelar 23 23 22 22 23 23
Other current receivables Övriga kortfristiga fordringar 17 17 2 2 5 5
Of which commodity hedging with futures Varav råvarusäkring med termin 17 17 2 2 5 5
Total financial assets Summa finansiella tillgångar 17 62 79 2 68 70 5 60 65
Financial liabilities Finansiella skulder
Other long-term liabilities Övriga långfristiga skulder 6 6 12 12 8 8
Of which interest rate swaps Varav ränteswappar 6 6 11 11 8 8
Of which commodity hedging with futures Varav råvarusäkring med termin – 1 1   –
Other current liabilities Övriga kortfristiga skulder 27 27 8 1 9 4 4
Of which currency swaps Varav valutaswappar 1 1 3 3 2 2
Of which commodity hedging with futures Varav råvarusäkring med termin 26 26 5 5 2 2
Of which contingent consideration Varav villkorad köpeskilling – 1 1 –
Total financial liabilities Summa finansiella skulder 33 – 33 20 1 21 12 – 12

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

Group Securities held as fixed asset
Unlisted funds Unlisted shares and participations
MSEK Mar 31, 2021 Mar 31, 2020 Dec 31, 2020 Mar 31, 2021 Mar 31, 2020 Dec 31, 2020
Koncernen Långfristiga värdepappersinnehav
Onoterade fonder Onoterade aktier och andelar
Mkr 31 mar 2021 31 mar 2020 31 dec 2020 31 mar 2021 31 mar 2020 31 dec 2020
Opening balance Ingående balans 37 58 58 23 24 24
Investments Investeringar 2 4
Sales Försäljningar -1 -1
Dividends received Erhållen utdelning -1 -16 -21
Reported in profit/loss for the period Redovisat i periodens resultat
Net finance Finansnetto 1 4 -4
Reported in other comprehensive income Redovisat i övrigt totalresultat 0 -1 0
Closing balance Utgående balans 39 46 37 23 22 23
Group Contingent consideration
MSEK Mar 31, 2021 Mar 31, 2020 Dec 31, 2020
Koncernen Villkorad köpeskilling
Mkr 31 mar 2021 31 mar 2020 31 dec 2020
Opening balance Ingående balans – 1 1
Payments during the period Periodens utbetalningar – – -1
Closing balance Utgående balans – 1 –