E5. Liquidity risk

The table below shows the Group’s liquidity risk regarding financial liabilities (including interest payments), net settled derivatives that constitute financial liabilities and negative cash flows from gross settled derivatives. For a description of how SCA manages its liquidity risk, refer to chapter Risk and risk management of the Board of Directors’ Report.

Liquidity risk

SEKm

Less than 1 year

Between 1 and 5 years

More than 5 years

1)

The gross settled derivatives have, largely, corresponding positive cash flows and therefore in SCA’s opinion do not constitute any real liquidity risk.

2015

 

 

 

Loans including interest

12,204

12,483

10,284

Net settled derivatives

–18

–76

–69

Energy derivatives

357

96

Trade payables

13,244

1,107

Total

25,787

13,610

10,215

Gross settled derivatives 1)

41,262

1,025

293

 

 

 

 

2014

 

 

 

Loans including interest

14,699

17,858

7,791

Net settled derivatives

197

9

Energy derivatives

244

57

Trade payables

12,893

1,071

Total

28,033

18,995

7,791

Gross settled derivatives 1)

34,964

2,195

 

 

 

 

2013

 

 

 

Loans including interest

10,107

22,423

5,999

Net settled derivatives

–60

55

–232

Energy derivatives

126

36

Trade payables

11,968

885

Total

22,141

23,399

5,767

Gross settled derivatives 1)

24,724

2,321