Note 17

Financial assets and liabilities

Parent Company
Receivables from Group companies 2019-03-31 2018-03-31
Opening balance 1,692 1,478
Increase during the year 584 291
Decrease during the year -292 -77
Carrying amount at year-end 1,984 1,692
 
Parent Company
Carrying amount Carrying amount
Specification of interests in Group companies Country Number of shares Quotient value Holding % 2019-03-31 2018-03-31
Addtech Nordic AB, 556236-3076, Stockholm Sweden 1,750 100 100 1,004 1,004
Total 1,004 1,004
A complete statutory specification is included as an annex to the annual accounts submitted to the Swedish Companies Registration Office. The specification can be obtained from Addtech AB.
Parent Company
Interests in Group companies 2019-03-31 2018-03-31
Accumulated cost
Opening balance 1,119 1,119
Closing balance 1,119 1,119
Accumulated impairment losses
Opening balance -115 -115
Closing balance -115 -115
Carrying amount at year-end 1,004 1,004
Carrying amount at start of year 1,004 1,004
Carrying amounts and financial instruments are recognised in the balance sheet according to the following tables.
2019-03-31
Group Measured at fair value through profit Unlisted equity instruments reported at cost Accounts receivable and loan receivables Total carrying amount
Other financial assets 4 4
Non-current receivables 12 12
Accounts receivable 1,887 1,887
Other receivables 3 77 80
Cash and cash equivalents 295 295
Non-current interest-bearing liabilities 75 644 719
Current interest-bearing liabilities 123 1,154 1,277
Accounts payable 955 955
Other liabilities 2 2
2018-03-31
Group Measured at fair value through profit Unlisted equity instruments reported at cost Accounts receivable and loan receivables Total carrying amount
Other financial assets 4 4
Non-current receivables 6 6
Accounts receivable 1,360 1,360
Other receivables 4 49 53
Cash and cash equivalents 192 192
Non-current interest-bearing liabilities 103 308 411
Current interest-bearing liabilities 112 846 958
Accounts payable 694 694
Other liabilities 5 5
Current and non-current loans are carried at amortised cost. The difference between carrying amount and fair value is marginal for these items. The same applies to other financial instrument for larger amounts, since maturity is short.
Financial instruments, SEKm 31-Mar-19 31-Mar-18
Carrying amount Level 2 Level 3 Carrying amount Level 2 Level 3
Derivatives -fair value, hedge instruments 2 2 2 2
Derivatives - fair value through profit 1 1 2 2
Total financial assets at fair value per level 3 3 4 4
Derivatives -fair value, hedge instruments 0 0 0 0
Derivatives - fair value through profit 2 2 5 5
Contingent considerations- fair value though profit 198 198 215 215
Total financial liabilities at fair value per level 200 2 198 220 5 215
Fair value and carrying amount are recognised in the balance sheet according to the table above.Level 1 refers to when fair value is determined based on quoted prices in an active market. At the end of the reporting period, the Group had no items in this category.Level 2 refers to when fair value is determined based on either directly or indirectly observable market data not included in level 1. This is done for foreign currency accounts and embedded derivatives.Level 3 is not observable in the market. A cash flow-based valuation is carried out for the Group's contingent considerations. For the Group’s other financial assets and liabilities, fair value is estimated to be equal to the carrying amount.
Contingent considerations 2018/2019 2017/2018
Carrying amount, opening balance 215 105
Acquisitions during the year 84 152
Reversed through profit or loss -8 -9
Consideration paid -105 -49
Interest expenses 10 8
Exchange differences 2 8
Carrying amount, closing balance 198 215
Impact of financial instruments on net earnings 2018/2019 2017/2018
Assets and liabilities measured at fair value through profit or loss -9 -8
Derivatives used in hedge accounting 0 0
Accounts receivable and loan receivables -20 -13
Total -29 -21

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