NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 95

NWG // FINANCIAL INFORMATION //
THE GROUP
financing in each company's functional currency the
exposure is further reduced.
The actual currency exposure amounted to SEK
35.8 (26.3) million on the balance sheet date. The
corresponding average currency exposure for the year
amounted to SEK 34.7 (31.6) million and the below
table displays the sensitivity of a reasonable change
in the currencies in which the Group has the greatest
exposure. Impact on the Group’s result before tax refers
2019
Currency
USD
to the impact from changes in the fair value of financial
assets and liabilities but excluding foreign currency
derivatives where hedge accounting is applied. Impact
on equity before tax for the Group refers only to the
impact from changes in the fair value of the derivatives
where hedge accounting is applied.
Change Impact on result
before tax (SEK million) Impact on equity
before tax (SEK million)
+5%
-5% -0.1
0.1 3.9
-3.9
EUR +5%
-5% 1.2
-1.2 0.1
-0.1
DKK +5%
-5% 0.5
-0.5 0.0
0.0
CHF +5%
-5% -0.5
0.5 0.0
0.0
Change Impact on result
before tax (SEK million) Impact on equity
before tax (SEK million)
+5%
-5% 0.4
-0.4 2.4
-2.4
EUR +5%
-5% 0.9
-0.9 0.0
0.0
DKK +5%
-5% 0.4
-0.4 0.0
0.0
CHF +5%
-5% -0.4
0.4 0.0
0.0
2018
Currency
USD
A sensitivty analysis regarding the other currencies does not have an material effect on result before tax for
each currency separately. The aggregated effect for other currencies, provided a 5 % stronger SEK-rate per
currency, would impact result before tax with SEK +0.6 (+0.3) million.
ANNUAL REPORT // 095