New Wave Group Annual Report 2024 | Page 117

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.
2024
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
6.5
6.5
6.5
Accounts receivable
0.0
1,596.7
1,596.7
1,596.7
Other receivables
0.0
143.0
143.0
143.0
Derivatives *
3.8
-
3.8
3.8
Cash and cash equivalents
0.0
545.8
545.8
545.8
Total assets
3.8
2,291.9
2,295.7
2,295.7
Financial liabilities
Liabilities at fair value through other comprehensive income
Liabilities at
amortized cost
Total
Fair value
Interest-bearing liabilities
0.0
1,635.2
1,635.2
1,640.5
Derivatives *
0.0
0.0
0.0
0.0
Accounts payable
0.0
886.4
886.4
886.4
Accrued expenses
0.0
209.0
209.0
209.0
Other liabilities
0.0
92.9
92.9
92.9
Total liabilities
0.0
2,823.5
2,823.5
2,828.7
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 liabilities
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
* Derivative is included in the item other receivables and other liabilities in the Group ´ s consolidated balance sheet.
ANNUAL REPORT // 117