Notes for P&L
Note 43 Financial assets
Fair value and carrying amount of financial assets by balance sheet item and category, SEK M
| 2025-12-31 | 31-Dec-24 | |||
|---|---|---|---|---|
| Book value | Fair value | Book value | Fair value | |
| Financial assets | ||||
| Non-current receivables from Group companies | 99.4 | 99.4 | 165.3 | 165.3 |
| Current receivables from group companies | 0.1 | 0.1 | 1.2 | 1.2 |
| Accounts receivable | 8.4 | 8.4 | 27.2 | 27.2 |
| Cash and cash equivalents | 10.4 | 10.4 | 3.4 | 3.4 |
| Financial assets, total | 118.4 | 118.4 | 197.0 | 197.0 |
Accounts receivable, Parent company, SEK M
| 2025-12-31 | 31-Dec-24 | |
|---|---|---|
| Total accounts receivable | 8.4 | 27.2 |
| Reserve for doubtful debt | 0.0 | 0.0 |
| Carrying amount | 8.4 | 27.2 |
Method for assessing credit risk and impairment
The Company does not normally use credit insurance for external customers. To limit credit risk, the Company applies established credit assessment procedures, including ongoing monitoring of customers’ payment history and financial position. To reduce exposure, where deemed appropriate, risk-mitigating measures are used such as advance payments and/or other payment terms (for example shorter payment terms or instalment payments). The Company also seeks to maintain a diversified customer base and has procedures in place to monitor and manage past-due receivables.
Cost for customer losses and uncertain customer receivables amounted to 0 MSEK (0) for the parent company.
The parent company continuously monitors the financial development of subsidiaries through reporting and forecast follow-up. Credit risk is assessed individually for significant exposures. The most important parameters in the assessment are:
- The subsidiary's profitability and cash flows
- Capital structure and liquidity
- Forecasted repayment ability
- Any need for capital contributions from the parent company
At balance sheet date, the parent company assesses that the credit risk in receivables from group companies is low after reported write-downs amounting to SEK 21 M for the year, our assessment is that there is no risk for further write-downs during the year.
Lending to subsidiaries
The parent company's lending to subsidiaries is primarily for financing operations. Loans are reported at accrued acquisition value. Internal long-term receivables are charged market interest rates. During the year, impairments of claims on group companies were made with SEK 21.9 million in the parent company, as the assessment is that future cash flows cannot generate this cash flow.