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 and Sustainability Report 2022, 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 Jun 30, 2023 Jun 30, 2022 Dec 31, 2022
MSEK Level 2 Level 3 Total Level 2 Level 3 Total Level 2 Level 3 Total
Koncernen 30 jun 2023 30 jun 2022 31 dec 2022
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 58 58 75 75 67 67
Of which unlisted funds Varav onoterade fonder 17 17 36 36 26 26
Of which unlisted shareholdings and participations Varav onoterade aktier och andelar 41 41 39 39 41 41
Other long-term receivables Andra långfristiga fordringar – 2 2 1 1
Of which commodity hedging with futures Varav råvarusäkring med termin – 2 2 1 1
Other current receivables Övriga kortfristiga fordringar 27 27 23 23 13 13
Of which commodity hedging with futures Varav råvarusäkring med termin 15 15 18 18 4 4
Of which currency derivatives Varav valutaderivat 12 12 5 5 9 9
Total financial assets Summa finansiella tillgångar 27 58 85 25 75 100 14 67 81
Financial liabilities Finansiella skulder
Other long-term liabilities Övriga långfristiga skulder 18 18 – 19 19
Of which contingent consideration Varav villkorad köpeskilling 18 18 – 19 19
Other current liabilities Övriga kortfristiga skulder 25 25 4 1 5 6 1 7
Of which commodity hedging with futures Varav råvarusäkring med termin 25 25 4 4 6 6
Of which contingent consideration Varav villkorad köpeskilling – 1 1 1 1
Total financial liabilities Summa finansiella skulder 25 18 43 4 1 5 6 20 26

 

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 Jun 30, 2023 Jun 30, 2022 Dec 31, 2022 Jun 30, 2023 Jun 30, 2022 Dec 31, 2022
Koncernen Långfristiga värdepappersinnehav
Onoterade fonder Onoterade aktier och andelar
Mkr 30 jun 2023 30 jun 2022 31 dec 2022 30 jun 2023 30 jun 2022 31 dec 2022
Opening balance Ingående balans 26 32 32 41 23 23
Investments Investeringar 2 1 2 16 18
Sales Försäljningar -1
Dividends received Erhållen utdelning -10
Reported in profit/loss for the period Redovisat i periodens resultat
Other operating costs (+)/other operating income (-) Övriga rörelsekostnader (+)/övriga rörelseintäkter (-) 1
Net finance Finansnetto -11 3 2
Closing balance Utgående balans 17 36 26 41 39 41
Group Contingent consideration
MSEK Jun 30, 2023 Jun 30, 2022 Dec 31, 2022
Koncernen Villkorad köpeskilling
Mkr  30 jun 2023  30 jun 2022 31 dec 2022
Opening balance Ingående balans 20 2 2
Aquisitions during the period Periodens förvärv 19
Payments during the period Periodens utbetalningar -1 -1
Reported in profit/loss for the period Redovisat i periodens resultat
Other operating costs (+)/other operating income (-) Övriga rörelsekostnader (+)/övriga rörelseintäkter (-) -1
Reported in other comprehensive income Redovisat i övrigt totalresultat -1
Closing balance Utgående balans 18 1 20
Contingent consideration will be paid to the previous owner based on the a share of the profit as well as the outcome of certain specified projects. The contingent consideration is estimated at around SEK 18 million. The acquisition contract does not contain a specific highest or lowest outcome.