Other financial records

Fair values on financial instruments

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  31 Dec 22 31 Dec 21
SEKm Carrying amount Level 2 Level 3 Carrying amount Level 2 Level 3
Derivatives measured at fair value through profit or loss 1 1 0 0
Total financial assets at fair value per level 1 1 0 0
Derivatives measured at fair value through profit or loss 0 0
Contingent considerations 266 0 266 349 349
Total financial liabilities at fair value per level 266 0 266 349 0 349
The fair value and carrying amount are recognized in the balance sheet as shown in the table above.
For quoted securities, the fair value is determined on the basis of the asset’s quoted price in an active market, level 1. As at the reporting date the Group had no items in this category. For currency contracts and embedded derivatives, the fair value is determined on the basis of observable market data, level 2. For contingent considerations, a cash-flow-based valuation is performed, which is not based on observable market data, level 3. For the Group’s other financial assets and liabilities, fair value is estimated to essentially correspond to the carrying amount.

Contingent considerations

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  3 months ending 12 months ending
SEKm 31 dec 22 31 dec 21 31 dec 22 31 dec 21
Carrying amount, opening balance 274 339 349 86
Acquisitions during the period 3 4 21 251
Consideration paid -31 -6
Revaluation through profit or loss 4 6
Reversed through profit or loss -16 -101
Interest expenses 1 4 5 9
Exchange differences 4 2 19 3
Carrying amount, closing balance 266 349 266 349
         

Pledged assets and contingent liabilities in the group

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SEKm 31 Dec 22 31 Dec 21
Contingent liabilities 47 41
Latest updated: 1/31/2023 10:32:16 AM by sophia.dernulf@add.life