Note 3 – 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 2016, note 34. The fair value of financial assets and liabilities is estimated to be, in principle, the same as their booked values.

Group   31 Dec 2017 31 Dec 2016
MSEK Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
  Koncernen 31 dec 2017 31 dec 2016
Mkr Nivå 1 Nivå 2 Nivå 3 Summa Nivå 1 Nivå 2 Nivå 3 Summa
Assets Tillgångar
Other securities held as fixed assets Andra långfristiga värdepappersinnehav 59 59 480 54 534
    Whereof shareholding in listed company    Varav marknadsnoterade aktier – 480     480
    Whereof investment in unlisted funds    Varav icke marknadsnoterad fonder 59 59     54 54
Other long-term receivables Andra långfristiga fordringar 2 2 –
   Whereof commodity hedging with futures    Varav råvarusäkring med termin 2   2 –
Other current receivables Övriga kortfristiga fordringar 4 4 12 12
    Whereof currency swaps    Varav valutaswappar   4   4   12   12
Total assets Summa tillgångar – 6 59 65 480 12 54 546
Liabilities Skulder
Other long-term liabilities Övriga långfristiga skulder 44 23 67 95 23 118
    Whereof interest rate swaps    Varav ränteswappar 44   44   95   95
    Whereof contingent consideration    Varav villkorad köpeskilling 23 23     23 23
Other current liabilities Övriga kortfristiga skulder 2 11 13 0 0
    Whereof currency swaps    Varav valutaswappar 2   2   0   0
    Whereof contingent consideration    Varav villkorad köpeskilling 11 11       – 
Total liabilities Summa skulder – 46 34 80 – 95 23 118
Parent company   31 Dec 2017 31 Dec 2016
MSEK Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
  Moderbolaget 31 dec 2017 31 dec 2016
Mkr Nivå 1 Nivå 2 Nivå 3 Summa Nivå 1 Nivå 2 Nivå 3 Summa
Assets Tillgångar
Other securities held as fixed assets Andra långfristiga värdepappersinnehav – 480 480
  Whereof shareholding in listed company    Varav marknadsnoterade aktier – 480     480
Total assets Summa tillgångar – – – – 480 – – 480

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
MSEK 31 Dec 2017 31 Dec 2016
  Koncernen Andra långfristiga värdepappersinnehav
Mkr 31 dec 2017 31 dec 2016
Opening balance Ingående balans 54 49
Investments during the year Investeringar under året 17 38
Repayments during the year Återbetalningar under året -14 –
Dividends received Erhållen utdelning -1 -51
Reported in profit for the year * Redovisat i årets resultat * -2 22
Reported in other comprehensive income Redovisat i övrigt totalresultat 5 -4
Closing balance Utgående balans 59 54

* Reported in net financial items

Group   Contingent consideration
MSEK 31 Dec 2017 31 Dec 2016
  Koncernen Villkorad köpeskilling
Mkr 31 dec 2017 31 dec 2016
Opening balance Ingående balans 23 –
Acquisitions for the year Årets förvärv 11 24
Reported in profit for the year Redovisat i årets resultat
   Other operating income    Övriga rörelseintäkter – -1
   Interest expense (discount) *    Räntekostnad (diskontering) * 0 0
Closing balance Utgående balans 34 23

The contingent consideration will amount to at least SEK 3 million and at most SEK 38 million.

* Reported in net financial items