Note Financial risk management and hedge accounting
Provisions for doubtful accounts receivable
2018 2017
Provisions at January 1 41 32
Provisions for potential losses 4 14
Reversed amount that is
not recoverable - -2
Unused amount reversed -5 -1
Exchange differences 1 -2
Provisions at December 31 41 41
Provisions for impairments are entirely related to accounts
receivable. Total accounts receivable excluding provisions
were SEK 3,400 million (3,251).
Past due assets not considered impaired
SEK million 2018 2017
1–30 days 423 437
31–120 days 53 97
121–360 days 59 12
Over 360 days 9 2
544 548
3
Derivatives classified as financial instruments
The Group had two classes of financial instruments (hedging
instruments): raw material hedge contracts and currency
hedge contracts, all measured at fair value. The fair value
of the derivative financial instruments is measured using
valuation methods and observable market data (methodology:
level 2). The valuation methods applied are described in the
accounting policy.
The Group’s financial assets and liabilities measured at fair value
As at December 31, 2018
Assets and liabilities
measured at fair value through
the income statement
Derivatives held for
hedging purposes
Derivatives measured at fair
value through equity
SEK million
Carrying
amount
Valuation
level
Carrying
amount
Valuation
level
Carrying
amount
Valuation
level Total
Sales and purchase contracts 544 2 544
Currency hedge contracts 123 2 123
Fair value of changes in inventories 31 2 31
Total assets - 698 - 698
Sales and purchase contracts 180 2 180
Currency hedge contracts 78 2 78
Fair value of changes in inventories 32 2 32
Total liabilities - 290 - 290
As at December 31, 2017
Assets and liabilities
measured at fair value through
the income statement
Derivatives held for
hedging purposes
Derivatives measured at fair
value through equity
SEK million
Carrying
amount
Valuation
level
Carrying
amount
Valuation
level
Carrying
amount
Valuation
level Total
Sales and purchase contracts 380 2 380
Currency hedge contracts 122 2 122
Fair value of changes in inventories 54 2 54
Total assets - 556 - 556
Sales and purchase contracts 238 2 238
Currency hedge contracts 147 2 147
Fair value of changes in inventories 41 2 41
Total liabilities - 426 - 426
77