Note 5 – 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 2019, 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 2020 Dec 31 2019
MSEK Level 2 Level 3 Total Level 2 Level 3 Total
Koncernen 31 dec 2020 31 dec 2019
Mkr Nivå 2 Nivå 3 Summa Nivå 2 Nivå 3 Summa
Financial assets Finansiella tillgångar
Other securities held as fixed assets Andra långfristiga värdepappersinnehav 60 60 82 82
Of which investments in unlisted funds Varav onoterade fonder 37 37 58 58
Of which shareholding in unlisted company Varav onoterade aktier 23 23 24 24
Other current receivables Övriga kortfristiga fordringar 5 5
Of which commodity hedging with futures Varav råvarusäkring med termin 5 5
Total financial assets Summa finansiella tillgångar 5 60 65 82 82
Financial liabilities Finansiella skulder
Other long-term liabilities Övriga långfristiga skulder 8 8 13 13
Of which interest rate swaps Varav ränteswappar 8 8 13 13
Other current liabilities Övriga kortfristiga skulder 4 4 3 1 4
Of which currency swaps Varav valutaswappar 2 2 2 2
Of which commodity hedging with futures Varav råvarusäkring med termin 2 2 1 1
Of which contingent consideration Varav villkorad köpeskilling 1 1
Total financial liabilities Summa finansiella skulder 12 12 16 1 17

The tables below are a reconciliation between the opening and closing balance for assets and liabilities included in level 3.

1) Recognized in net financial items