Note Financial risk management and hedge accounting
3
81
Provisions for doubtful accounts receivables
2019 2018
Provisions at January 1 48 41
Provisions for potential losses 24 11
Reversed amount that is
not recoverable -2 -
Unused amount reversed 1 -5
Exchange differences 2 1
Provisions at December 31 73 48
Provisions for impairments are entirely related to accounts
receivables. Total accounts receivables excluding provisions
were SEK 3,456 million (3,393).
Past due assets not considered impaired
SEK million 2019 2018
1–30 days 383 423
31–120 days 43 53
121–360 days 26 59
Over 360 days 36 9
488 544
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, 2019
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 813 2 813
Currency hedge contracts 152 2 152
Fair value of changes in inventories 426 2 426
Total assets - 1,391 - 1,391
Sales and purchase contracts 801 2 801
Currency hedge contracts 122 2 122
Fair value of changes in inventories 175 2 175
Total liabilities - 1,098 - 1,098
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