Annual report 2012 - Peab

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Parent company
Financial assets
valued at fair value
through income
statement
Financial assets
available-for-sale
Accounts and loan
receivables
Other financial
liabilities
Total recognized
value Total fair value
MSEK 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
Financial assets
Long-term receivables Group companies 1,586 1,447 1,586 1,447 1,586 1,452
Other securities held as fixed assets 15 1) 501 1) 256 191 6 17 277 709 277 709
Interest-bearing long-term receivables 105 105 106
Other long-term receivables 1 1 1 1 1 1
Current receivables Group companies 46 37 46 37 46 37
Prepaid expenses and accrued income 1 1 1
Liquid funds 3 2 3 2 3 2
Total financial assets
Financial liabilities
15 501 256 191 1,748 1,504 – – 2,019 2,196 2,020 2,201
Long-term liabilities Group companies 7,122 4,794 7,122 4,794 7,122 4,794
Convertible promissory notes 590 590 595
Accounts payable 55 11 55 11 55 11
Current liabilities Group companies 2 2 2 2 2 2
Accrued expenses and deferred income 3 3 3
Total financial liabilities – – – – – – 7,179 5,400 7,179 5,400 7,179 5,405
Unrealized profit/loss
1) Refers to shares and participations where “fair value option” was applied
1 5 –5
The effect of valuing financial instruments at fair value was included in the parent company´s profit for a total of
SEK 31 million (–85), of which SEK 27 million (–81) referred to the market valuation of shareholdings in Brinova.
Fair value
Measurement of fair value is based on a three level hierarchy.
Level 1: prices that reflect quoted prices on an active market for identical assets
Level 2: based on direct or indirect observable inputs not included in level 1
Level 3: based on inputs unobservable to the market
The table below shows the allocated level of financial assets and financial liabilities recognized at fair value
in the Group balance sheet.
Group Level 1 Level 2 Level 3 Total
MSEK
Financial assets
2012 2011 2012 2011 2012 2011 2012 2011
Other securities held as fixed assets 271 692 39 29 310 721
Other long-term receivables 1 1
Prepaid expenses and accrued income 1 3 1 3
Other current receivables 5 5
Total financial assets
Financial liabilities
271 692 1 9 39 29 311 730
Other long-term liabilities 108 57 108 57
Accrued expenses and deferred income 10 10
Other current liabilities 2 15 2 15
Total financial liabilities – – 110 82 – – 110 82
The table below is a reconciliation between the opening and closing balance for assets included in level 3.
Group Other securities held as
fixed assets 1)
MSEK 2012 2011
Opening balance 29 13
Investments during the year 8 18
Repayment of investments 0 –4
Reported in net financial items in profit
for the year
– 2
Reported in other comprehensive income 2 –
Closing balance 39 29
1) Refers in its entirety to an investment in a unlisted fund. The holding is valued at fair value
through other comprehensive income.
72 PEAB ANNUAL REPORT 2012