New Wave Group Annual Report 2020 English | Page 93

NWG // FINANCIAL INFORMATION //
THE GROUP
Financial instruments by category
The fair values of interest-bearing assets and liabilities may differ from their carrying amounts , partly as a result of changes in market interest rates . The fair values of these assets have been determined by discounting future cash flows using current interest rates and exchange rates for equivalent instruments . For financial instruments such as accounts receivable , accounts payable and other non-interest-bearing financial assets and liabilities , which are carried at amortized cost less any impairment losses , the fair value is deemed to agree with the carrying amount . Financial instruments at fair value in the balance sheet belongs to level two and three in IFRS 13 hierarchy . The Group ’ s long-term borrowing is mainly through credit facilities with long maturities but short fixed-rate periods .
2020
SEK million Financial assets
Assets at fair value through other comprehensive income
Assets at
amortized cost
Total
Fair value
Other long-term receivables 0.0 8.7 8.7 8.7
Accounts receivable
0.0
1 059.3
1 059.3
1 059.3
Other receivables
0.0
61.7
61.7
61.7
Derivatives *
0.0
0.0
0.0
0.0
Cash and cash equivalents
0.0
325.1
325.1
325.1
Total assets
0.0
1 454.7
1 454.7
1 454.7
Financial liabilities
Liabilities at fair value through other comprehensive income
Liabilities at
amortized cost
Total
Fair value
Interest-bearing liabilities
0.0
2 142.7
2 142.7
2 147.2
Derivatives *
4.7
0.0
4.7
4.7
Accounts payable
0.0
543.6
543.6
543.6
Accrued expenses
0.0
221.8
221.8
221.8
Other liabilities
0.0
43.6
43.6
43.6
Total liabilities
4.7
2 951.7
2 956.4
2 960.9
2019
SEK million Financial assets
Assets at fair value through other comprehensive income
Assets at
amortized cost
Total
Fair value
Other long-term receivables
0.0
8.1
8.1
8.1
Accounts receivable
0.0
1 192.8
1 192.8
1 192.8
Other receivables
0.0
82.4
82.4
82.4
Derivatives *
0.0
0.0
0.0
0.0
Cash and cash equivalents
0.0
351.3
351.3
351.3
Total assets
0.0
1 634.6
1 634.6
1 634.6
Financial liabilities
Liabilities at fair value through other comprehensive income
Liabilities at
amortized cost
Total
Fair value
Interest-bearing liabilities
0.0
3316.1
3 316.1
3 323.5
Derivatives *
2.2
0.0
2.2
2.2
Accounts payable 0.0 623.2 623.2 623.2
Accrued liabilities
0.0
238.4
238.4
238.4
Other liabilities
0.0
42.2
42.2
42.2
Total liabilities
2.2
4 219.9
4 222.0
4 229.4
* Derivatives are included in the item other receivables and other liabilities in the Group ' s consolidated balance sheet .
ANNUAL REPORT // 093