New Wave Group Annual Report 2021 - EN | Page 99

NWG // FINANCIAL INFORMATION //
THE GROUP
Financial instruments by category
The fair values of interest-bearing assets and liabilities may differ from their carrying amounts . 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 in IFRS 13 hierarchy . The valuation of level two instruments is based on market conditions using quoted market data existing at each balance sheet date . The Group ’ s long-term borrowing is mainly through credit facilities with long maturities but short fixed-rate periods .
2021
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 6.9 6.9 6.9
Accounts receivable
0.0
1 359.6
1 359.6
1 359.6
Other receivables
0.0
83.1
83.1
83.1
Derivatives *
3.3
0.0
3.3
3.3
Cash and cash equivalents
0.0
327.9
327.9
327.9
Total assets
3.3
1 777.5
1 780.8
1 780.8
Financial liabilities
Liabilities at fair value through other comprehensive income
Liabilities at
amortized cost
Total
Fair value
Interest-bearing liabilities
0.0
1 396.7
1 396.7
1 397.8
Derivatives *
0.0
0.0
0.0
0.0
Accounts payable
0.0
926.1
926.1
926.1
Accrued expenses
0.0
214.2
214.2
214.2
Other liabilities
0.0
125.5
125.5
125.5
Total liabilities
0.0
2 662.4
2 662.4
2 663.6
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 liabilities
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
* Derivative is included in the item other receivables and other liabilities in the Group ´ s consolidated balance sheet .
ANNUAL REPORT // 099