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 2017, note 35. The fair value of financial assets and liabilities is estimated to be, in principle, the same as their recognized values.

Group 31 Dec 2018 31 Dec 2017
MSEK Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Koncernen 31 dec 2018 31 dec 2017
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 89 89 59 59
Whereof investment in unlisted funds and shares Varav icke marknadsnoterade fonder och aktier 89 89     59 59
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 1 1 4 4
Whereof currency swaps Varav valutaswappar 1 1   4   4
Total assets Summa tillgångar – 1 89 90 – 6 59 65
Liabilities Skulder        
Other long-term liabilities Övriga långfristiga skulder 22 23 45 44 23 67
Whereof interest rate swaps Varav ränteswappar 18 18   44   44
Whereof commodity hedging with futures Varav råvarusäkring med termin 4 4       – 
Whereof contingent consideration Varav villkorad köpeskilling 23 23     23 23
Other current liabilities Övriga kortfristiga skulder 1 11 12 2 11 13
Whereof currency swaps Varav valutaswappar 1 1   2   2
Whereof contingent consideration Varav villkorad köpeskilling 11 11     11 11
Total liabilities Summa skulder – 23 34 57 – 46 34 80

The tables below is 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 2018 31 dec 2017
Koncernen Andra långfristiga värdepappersinnehav
Mkr 31 dec 2018 31 dec 2017
Opening balance Ingående balans 59 54
Investments during the year Investeringar under året 19 17
Sales during the year Försäljningar under året -11 –
Repayments during the year Återbetalningar under året – -14
Dividends received Erhållen utdelning -3 -1
Reported in profit for the year * Redovisat i årets resultat * 25 -2
Reported in other comprehensive income Redovisat i övrigt totalresultat – 5
Closing balance Utgående balans 89 59

* Reported in net financial items

Group Contingent consideration
MSEK 31 Dec 2018 31 Dec 2017
Koncernen Villkorad köpeskilling
Mkr 31 dec 2018 31 dec 2017
Opening balance Ingående balans 34 23
Acquisitions for the year Årets förvärv 2 11
Payments during the year Årets utbetalningar -3 –
Reported in profit for the year Redovisat i årets resultat
   Other operating costs    Övriga rörelsekostnader 1 –
   Interest expense (discount) *    Räntekostnad (diskontering) * 0 0
Reported in other comprehensive income Redovisat i övrigt totaltresultat 0 –
Closing balance Utgående balans 34 34

The contingent consideration will amount to at least SEK 3 million and at most SEK 40 million.
* Reported in net financial items