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 Risks and risk management.

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.

2016

 

 

 

Loans including interest

5,059

21,094

11,475

Net settled derivatives

–6

–27

Energy derivatives

29

1

Trade payables

14,519

1,231

Total

19,601

22,299

11,475

Gross settled derivatives 1)

38,315

2,443

1,373

 

 

 

 

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