New Wave Group Annual Report 2023 | 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 , 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 .
2023
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
1 475.2
1 475.2
1 475.2
Other receivables
0.0
128.5
128.5
128.5
Derivatives *
0.0
0.0
0.0
0.0
Cash and cash equivalents
0.0
372.6
372.6
372.6
Total assets
0.0
1 983.1
1 983.1
1 983.1
Financial liabilities
Liabilities at fair value through other comprehensive income
Liabilities at
amortized cost
Total
Fair value
Interest-bearing liabilities
0.0
1 825.2
1 825.2
1 834.3
Derivatives *
4.3
0.0
4.3
4.3
Accounts payable
0.0
967.8
967.8
967.8
Accrued expenses
0.0
219.0
219.0
219.0
Other liabilities
0.0
55.5
55.5
55.5
Total liabilities
4.3
3 067.5
3 071.8
3 080.9
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 liabilities
0.0
232.3
232.3
232.3
Other liabilities
0.0
59.7
59.7
59.7
Total liabilities
0.0
3 736.7
3 736.7
3 743.6
* Derivative is included in the item other receivables and other liabilities in the Group ´ s consolidated balance sheet .
ANNUAL REPORT // 099