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 recognized as their amortized cost is estimated to be, in principle, the same as their recognized values.

Group Dec 31 2019 Dec 31 2018
MSEK Level 2 Level 3 Total Level 2 Level 3 Total
Koncernen 31 dec 2019 31 dec 2018
Mkr Nivå 2 Nivå 3 Summa Nivå 2 Nivå 3 Summa
Financial assets Finansiella tillgångar
Other securities held as fixed assets Andra långfristiga värdepappersinnehav 77 77 109 109
Of which investments in unlisted funds Varav onoterade fonder 58 58 89 89
Of which shareholding in unlisted company Varav onoterade aktier 19 19 20 20
Other current receivables Övriga kortfristiga fordringar – 1 1
Of which currency swaps Varav valutaswappar – 1 1
Other securities held as current assets Andra kortfristiga värdepappersinnehav 388 388 –
Of which repurchased shares in tenant-owner associations Varav återköpta andelar i bostadsrättsföreningar 388 388 –
Total financial assets Summa finansiella tillgångar – 465 465 1 109 110
Financial liabilities Finansiella skulder
Other long-term liabilities Övriga långfristiga skulder 13 13 22 23 45
Of which interest rate swaps Varav ränteswappar 13 13 18 18
Of which commodity hedging with futures Varav råvarusäkring med termin – 4 4
Of which contingent consideration Varav villkorad köpeskilling – 23 23
Other current liabilities Övriga kortfristiga skulder 3 1 4 1 11 12
Of which currency swaps Varav valutaswappar 2 2 1 1
Of which commodity hedging with futures Varav råvarusäkring med termin 1 1   –
Of which contingent consideration Varav villkorad köpeskilling 1 1 11 11
Total financial liabilities Summa finansiella skulder 16 1 17 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 Dec 31 2019 Dec 31 2018 Dec 31 2019 Dec 31 2018 Dec 31 2019
Koncernen Andra långfristiga värdepappersinnehav Andra kortfristiga värdepappersinnehav
Onoterade fonder Onoterade aktier Återköpta andelar i bostadsrättsföreningar
Mkr 31 dec 2019 31 dec 2018 31 dec 2019 31 dec 2018 31 dec 2019
Opening balance Ingående balans 89 59 20 21 –
Investments Investeringar 9 19 1,975
Sales Försäljningar -1 -12 -1,142
Dividends received Erhållen utdelning -55 -3
Reported in profit/loss for the period Redovisat i periodens resultat
Production costs 1) Kostnader för produktion 1) -445
Net finance Finansnetto 15 14 11
Reported in other comprehensive income Redovisat i övrigt totalresultat 0
Closing balance Utgående balans 58 89 19 20 388

 

1) Have corresponded to project provisions of SEK 391 million and therefore the net effect in the income statement is SEK -54 million.
Group Contingent consideration
MSEK Dec 31 2019 Dec 31 2018
Koncernen Villkorad köpeskilling
Mkr 31 dec 2019 31 dec 2018
Opening balance Ingående balans 34 34
Acquisitions during the period Periodens förvärv – 2
Payments during the period Periodens utbetalningar -31 -3
Reported in profit for the period Redovisat i periodens resultat
Other operating costs (+) / other operating income (-) Övriga rörelsekostnader (+) / övriga rörelseintäkter (-) -3 1
Interest expense (discount) 1) Räntekostnad (diskontering) 1) 1 0
Reported in other comprehensive income Redovisat i övrigt totalresultat 0 0
Closing balance Utgående balans 1 34
1) Recognized in net financial items

The contingent consideration will amount from SEK 0 million to a maximum of  SEK 1 million.