New Wave Group Annual Report 2022 NWG_Annual_Report_2022_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 .
2022
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
7.3
7.3
7.3
Accounts receivable
0.0
1 664.1
1 664.1
1 664.1
Other receivables
0.0
167.3
167.3
167.3
Derivatives *
2.4
0.0
2.4
2.4
Cash and cash equivalents
0.0
419.4
419.4
419.4
Total assets
2.4
2 258.1
2 260.5
2 260.5
Financial liabilities
Liabilities at fair value through other comprehensive income
Liabilities at
amortized cost
Total
Fair value
Interest-bearing liabilities
0.0
2 039.9
2 039.9
2 046.8
Derivatives *
0.0
0.0
0.0
0.0
Accounts payable
0.0
1 404.8
1 404.8
1 404.8
Accrued expenses
0.0
358.6
358.6
358.6
Other liabilities
0.0
59.7
59.7
59.7
Total liabilities
0.0
3 862.9
3 862.9
3 869.8
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 liabilities
0.0
214.1
214.1
214.1
Other liabilities
0.0
125.5
125.5
125.5
Total liabilities
0.0
2 662.4
2 662.4
2 663.5
* Derivative is included in the item other receivables and other liabilities in the Group ´ s consolidated balance sheet .
ANNUAL REPORT // 099