PC9. Financial instruments
SEKm |
2016 |
2015 |
||
|
||||
|
|
|
||
Result from participations in Group companies |
|
|
||
Dividends from subsidiaries |
46,623 |
10,688 |
||
Group contributions received from subsidiaries |
1,312 |
1,669 |
||
Group contributions paid to subsidiaries |
–63 |
–64 |
||
Impairment of shares in subsidiaries |
–681 |
–102 |
||
|
|
|
||
Interest income and similar profit items |
|
|
||
Interest income, external |
0 |
0 |
||
Interest income, subsidiaries |
266 |
25 |
||
|
|
|
||
Interest expenses and similar loss items |
|
|
||
Interest expenses, external |
–419 |
–607 |
||
Interest expenses, subsidiaries |
–537 |
–563 |
||
Other financial expenses 1) |
–107 |
–70 |
||
IS Total |
43,394 |
10,976 |
Interest-bearing liabilities
|
Carrying amount |
Fair value |
||
SEKm |
2016 |
2015 |
2016 |
2015 |
Bond issues |
– |
14,490 |
– |
14,666 |
Other non-current loans with a term > 1 year < 5 yrs |
1,149 |
149 |
1,171 |
161 |
Other non-current loans with a term > 5 yrs |
1,123 |
1,917 |
1,175 |
1,980 |
BS Total |
2,272 |
16,556 |
2,346 |
16,807 |
The counterparty for all outstanding bond issues was changed to SCA Hygiene AB in 2016. All other outstanding non-current interest bearing liabilities have been transferred to SCA Hygiene AB during 2017.
Financial instruments by category
AP ACCOUNTING PRINCIPLES
In accordance with Paragraph 3 of RFR 2, the Parent Company has chosen not to apply IAS 39. The Parent Company recognizes financial fixed assets at cost less any impairment and financial current assets according to the lower of cost or market rule. For derivatives used for hedging purposes, recognition is determined by the hedged item. Currency derivatives used to hedge foreign receivables and liabilities are remeasured at the closing day rate to match the currency remeasurement in the receivable/liability. Interest rate derivatives used to hedge interest rate exposure in financial receivables or liabilities are recognized at amortized cost. The accounting policies for financial instruments are applied for the items below. The financial instruments in the Parent Company are classified as loans and receivables for assets, and other financial liabilities measured at amortized cost for liabilities. No other categories have been utilized over the past two years. These balance sheet items are not fully reconcilable since they may include items that are not financial instruments.
SEKm |
2016 |
2015 |
||
|
||||
|
|
|
||
Assets |
|
|
||
Financial fixed assets |
|
|
||
Interest-bearing receivables |
108 |
126 |
||
Interest-bearing receivables from subsidiaries |
– |
186 |
||
Current assets |
|
|
||
Receivables from subsidiaries 1) |
59,943 |
1,105 |
||
Other current receivables |
34 |
35 |
||
Cash and bank balances |
0 |
0 |
||
Total |
60,085 |
1,452 |
SEKm |
2016 |
2015 |
||
|
||||
|
|
|
||
Liabilities |
|
|
||
Non-current liabilities |
|
|
||
Liabilities to subsidiaries |
– |
– |
||
Interest-bearing liabilities |
2,272 |
16,556 |
||
Current liabilities |
|
|
||
Interest-bearing liabilities |
217 |
7,484 |
||
Liabilities to subsidiaries 1) |
45,829 |
64,152 |
||
Accounts payable |
60 |
27 |
||
Other current liabilities |
16 |
268 |
||
Total |
48,394 |
88,487 |