E2. Financial assets, cash and cash equivalents
AP Accounting principles
Cash and cash equivalents are defined as cash and bank balances as well as short-term investments with a maturity of less than three months from the acquisition date. Restricted deposits are not included in cash and cash equivalents.
Loan receivables are recognized at amortized cost.
Available-for-sale financial assets are measured at fair value. Changes in value are recognized in equity under other comprehensive income, while exchange rate gains are recognized in profit or loss.
|
Carrying amount |
||
SEKm |
2015 |
2014 |
2013 |
Non-current financial assets |
|
|
|
TE2:1 Available-for-sale financial assets |
83 |
1,815 |
1,657 |
Derivatives |
420 |
751 |
836 |
Loan receivables, associates |
207 |
270 |
– |
Loan receivables, other |
322 |
301 |
255 |
BS Total |
1,032 |
3,137 |
2,748 |
|
|
|
|
Current financial assets |
|
|
|
Financial assets |
– |
2 |
38 |
Derivatives |
733 |
974 |
172 |
Loan receivables, other |
41 |
276 |
326 |
BS Total |
774 |
1,252 |
536 |
|
|
|
|
Cash and cash equivalents |
|
|
|
Cash and bank balances |
2,554 |
3,023 |
2,464 |
Short-term investments < 3 months |
2,488 |
792 |
1,321 |
BS Total |
5,042 |
3,815 |
3,785 |
Total financial assets, cash and cash equivalents |
6,848 |
8,204 |
7,069 |
Cash and cash equivalents at December 31, 2015 include SEK 1,089m (1,384) that is not fully available for use by the Group or for which other limitations exist, primarily cash and cash equivalents in countries that are subject to exchange restrictions and other legal restrictions. Accordingly, it is not possible to immediately use these cash and cash equivalents in other areas of the Group, although it is normally possible to use them in the operations of the respective country.
SEKm |
2015 |
2014 |
2013 |
Value, January 1 |
1,815 |
1,657 |
1,448 |
Investments |
– |
12 |
3 |
Company divestments |
– |
– |
–45 |
Divestment of securities |
–2,046 |
– |
– |
Remeasurement taken to equity, net |
318 |
140 |
249 |
Translation differences |
–4 |
6 |
2 |
Value, December 31 |
83 |
1,815 |
1,657 |
SEKm |
2015 |
2014 |
2013 |
Shares – AB Industrivärden |
– |
1,729 |
1,591 |
Pension assets not included in IAS 19 calculation |
75 |
77 |
58 |
Other |
8 |
9 |
8 |
Total |
83 |
1,815 |
1,657 |
Shares in pension assets attributable to certain pension obligations are classified as available-for-sale financial assets. These assets are not included in the normal pension calculations, as set out in Note C5 Remuneration after termination of employment. The holding in AB Industrivärden was sold during the year. The holding amounted to 12,108,723 shares and was sold for SEK 169 per share.