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 | Sep 30 2019 | Sep 30 2018 | Dec 31 2018 | |||||||
MSEK | Level 2 | Level 3 | Total | Level 2 | Level 3 | Total | Level 2 | Level 3 | Total | |
Koncernen | 30 sep 2019 | 30 sep 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 | 95 | 95 | 115 | 115 | 109 | 109 | |||
Of which investments in unlisted funds | Varav onoterade fonder | 76 | 76 | 83 | 83 | 89 | 89 | |||
Of which shareholding in unlisted company | Varav onoterade aktier | 19 | 19 | 32 | 32 | 20 | 20 | |||
Other long-term receivables | Andra långfristiga fordringar | – | 5 | 5 | – | |||||
Of which commodity hedging with futures | Varav råvarusäkring med termin | – | 5 | 5 | – | |||||
Other current receivables | Övriga kortfristiga fordringar | 1 | 1 | 1 | 1 | 1 | 1 | |||
Of which currency swaps | Varav valutaswappar | 1 | 1 | 1 | 1 | 1 | 1 | |||
Other securities held as current assets | Andra kortfristiga värdepappersinnehav | 192 | 192 | – | – | |||||
Of which repurchased shares in tenant-owner associations | Varav återköpta andelar i bostadsrättsföreningar | 192 | 192 | – | – | |||||
Total financial assets | Summa finansiella tillgångar | 1 | 287 | 288 | 6 | 115 | 121 | 1 | 109 | 110 |
Financial liabilities | Finansiella skulder | |||||||||
Other long-term liabilities | Övriga långfristiga skulder | 16 | 16 | 21 | 24 | 45 | 22 | 23 | 45 | |
Of which interest rate swaps | Varav ränteswappar | 16 | 16 | 21 | 21 | 18 | 18 | |||
Of which commodity hedging with futures | Varav råvarusäkring med termin | – | – | 4 | 4 | |||||
Of which contingent consideration | Varav villkorad köpeskilling | – | 24 | 24 | 23 | 23 | ||||
Other current liabilities | Övriga kortfristiga skulder | 3 | 1 | 4 | 1 | 9 | 10 | 1 | 11 | 12 |
Of which currency swaps | Varav valutaswappar | – | 1 | 1 | 1 | 1 | ||||
Of which commodity hedging with futures | Varav råvarusäkring med termin | 3 | 3 | – | – | |||||
Of which contingent consideration | Varav villkorad köpeskilling | 1 | 1 | 9 | 9 | 11 | 11 | |||
Total financial liabilities | Summa finansiella skulder | 19 | 1 | 20 | 22 | 33 | 55 | 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 | Sep 30 2019 | Sep 30 2018 | Dec 31 2018 | Sep 30 2019 | Sep 30 2018 | Dec 31 2018 | Sep 30 2019 | |
Koncernen | Andra långfristiga värdepappersinnehav | Andra kortfristiga värdepappersinnehav | ||||||
Onoterade fonder | Onoterade aktier | Återköpta andelar i bostadsrättsföreningar | ||||||
Mkr | 30 sep 2019 | 30 sep 2018 | 31 dec 2018 | 30 sep 2019 | 30 sep 2018 | 31 dec 2018 | 30 sep 2019 | |
Opening balance | Ingående balans | 89 | 59 | 59 | 20 | 21 | 21 | – |
Investments | Investeringar | 7 | 14 | 19 | 1,378 | |||
Sales | Försäljningar | -1 | -12 | -885 | ||||
Dividends received | Erhållen utdelning | -31 | -3 | -3 | ||||
Reported in profit/loss for the period | Redovisat i periodens resultat | |||||||
Production costs 1) | Kostnader för produktion 1) | -301 | ||||||
Net finance | Finansnetto | 11 | 13 | 14 | 11 | 11 | ||
Reported in other comprehensive income | Redovisat i övrigt totalresultat | 0 | ||||||
Closing balance | Utgående balans | 76 | 83 | 89 | 19 | 32 | 20 | 192 |
Group | Contingent consideration | |||
MSEK | Sep 30 2019 | Sep 30 2018 | Dec 31 2018 | |
Koncernen | Villkorad köpeskilling | |||
Mkr | 30 sep 2019 | 30 sep 2018 | 31 dec 2018 | |
Opening balance | Ingående balans | 34 | 34 | 34 |
Acquisitions during the period | Periodens förvärv | – | – | 2 |
Payments during the period | Periodens utbetalningar | -31 | -3 | -3 |
Reported in profit for the period | Redovisat i periodens resultat | |||
Other operating costs (+) / other operating income (-) | Övriga rörelsekostnader (+) / övriga rörelseintäkter (-) | -3 | 1 | 1 |
Interest expense (discount) 1) | Räntekostnad (diskontering) 1) | 1 | 0 | 0 |
Reported in other comprehensive income | Redovisat i övrigt totalresultat | 0 | 1 | 0 |
Closing balance | Utgående balans | 1 | 33 | 34 |
The contingent consideration will amount from SEK 0 million to a maximum of SEK 1 million.