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 gains and losses are recognized in profit or loss.

Financial assets, cash and cash equivalents

 

Carrying amount

SEKm

2016

2015

2014

1)

Accrued financial income have previously been specified in Note D5 Other current receivables.

Non-current financial assets

 

 

 

TE2:1 Available-for-sale financial assets

90

83

1,815

Derivatives

608

420

751

Loan receivables, associates

207

270

Loan receivables, other

24

322

301

BS Total

722

1,032

3,137

 

 

 

 

Current financial assets

 

 

 

Financial assets

19

2

Derivatives

183

733

974

Accrued financial income 1)

1

8

Loan receivables, other

366

41

276

BS Total

568

775

1,260

 

 

 

 

Cash and cash equivalents

 

 

 

Cash and bank balances

3,126

2,554

3,023

Short-term investments < 3 months

1,356

2,488

792

BS Total

4,482

5,042

3,815

Total financial assets, cash and cash equivalents

5,772

6,849

8,212

Cash and cash equivalents at December 31, 2016 include SEK 1,683m (1,089) that is not fully available for use by the Group or for which other limitations exist, primarily cash or 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.

TE2:1 Available-for-sale financial assets

SEKm

2016

2015

2014

Value, January 1

83

1,815

1,657

Investments

4

12

Divestment of securities

–2,046

Remeasurement taken to equity, net

–1

318

140

Translation differences

4

–4

6

Value, December 31

90

83

1,815

Available-for-sale financial assets

SEKm

2016

2015

2014

Shares – AB Industrivärden

1,729

Pension assets not included in IAS 19 calculation

82

75

77

Other

8

8

9

Total

90

83

1,815

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.