New Wave Group AB Annual_report_2018_EN_HQ | Page 95

NWG // FINANCIAL INFORMATION //
THE GROUP
a large extent, reduced by netting internal transac-
tions. Therefore, through netting, the Group's main
transaction exposure can be reduced and, together
with the use of currency hedges and financing in
each company's functional currency the exposure is
further reduced.
The actual currency exposure amounted to SEK
26.3 million (SEK 13.9 million) on the balance sheet
date.
The corresponding average currency exposure
for the year amounted to SEK 31.6 million
2018
Currency
USD
(SEK 26.7 million) and the below table displays the
sensitivity of a reasonable change in the currencies in
which the Group has the greatest exposure. Impact
on the Group’s result before tax refers to the impact
from changes in the fair value of financial assets
and liabilities but excluding foreign currency deri-
vatives where hedge accounting is applied. Impact
on equity before tax for the Group refers only to
the impact from changes in the fair value of the
derivatives where hedge accounting is applied.
Change Impact on result
before tax (SEK million) Impact on equity
before tax (SEK million)
+5%
-5% 0.4
-0.4 2.4
-2.4
EUR +5%
-5% 0.9
-0.9 0
0
DKK +5%
-5% 0.4
-0.4 -
-
CHF +5%
-5% -0.4
0.4 -
-
Change Impact on result
before tax (SEK million) Impact on equity
before tax (SEK million)
+5%
-5% 0.5
-0.5 3.0
-3.0
EUR +5%
-5% 0.7
-0.7 0.1
-0.1
DKK +5%
-5% 0.4
-0.4 -
-
CHF +5%
-5% -0.6
0.6 -
-
2017
Currency
USD
A sensitivty analysis regarding the other currencies does not have an material effect on result before tax for
each currency separately. The aggregated effect for other currencies, provided a 5 % stronger SEK-rate per
currency, would impact result before tax with SEK +0.3 million ( SEK +0.3 million).
ANNUAL REPORT // 095