Note 17
Financial assets and liabilities
| Parent Company | ||||||
| Receivables from Group companies | 2020-03-31 | 2019-03-31 | ||||
| Opening balance | 1,804 | 1,984 | ||||
| Increase during the year | 1,476 | 40 | ||||
| Decrease during the year | -42 | -220 | ||||
| Carrying amount at year-end | 3,238 | 1,804 | ||||
| | ||||||
| Parent Company | ||||||
| Specification of interests in Group companies | Country | Number of shares | Quotient value | Holding % |
Carrying amount 2020-03-31 |
Carrying amount 2019-03-31 |
| Addtech Nordic AB, 556236-3076, Stockholm | Sweden | 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 | 31 Mar 2021 | 31 Mar 2020 |
| 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. | ||||
| 31 Mar 2021 | ||||
| Group | Measured at fair value through profit | Unlisted equity instruments reported at cost | Accounts receivable and loan receivables | Total carrying amount |
| Other financial assets | – | 3 | – | 3 |
| Non-current receivables | – | – | 13 | 13 |
| Accounts receivable | – | – | 1,860 | 1,860 |
| Other receivables | 2 | 2 | 125 | 129 |
| Cash and cash equivalents | – | – | 420 | 420 |
| Non-current interest-bearing liabilities | 141 | – | 1,915 | 2,056 |
| Current interest-bearing liabilities | 126 | – | 1,036 | 1,162 |
| Accounts payable | – | – | 972 | 972 |
| Other liabilities | 4 | 3 | – | 7 |
| 3/31/2020 | ||||
| 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 | – | – | 19 | 19 |
| Accounts receivable | – | – | 2,003 | 2,003 |
| Other receivables | 11 | - | 117 | 128 |
| Cash and cash equivalents | – | – | 363 | 363 |
| Non-current interest-bearing liabilities | 46 | – | 2,108 | 2,154 |
| Current interest-bearing liabilities | 105 | – | 357 | 462 |
| Accounts payable | – | – | 1,028 | 1,028 |
| Other liabilities | 5 | - | – | 5 |
| Current and non-current loans are carried at amortised cost. The difference between the carrying amount and fair value is marginal for these items. The same applies to other financial instrument for larger amounts, since maturity is short. | ||||
| Interest bearing liabilities measured at fair value in the income statement refer to contingent purchase considerations for acquisitions of operations. | ||||
| Financial instruments, SEKm | 31 Mar 2021 | 31 Mar 2020 | ||||
| Carrying amount | Level 2 | Level 3 | Carrying amount | Level 2 | Level 3 | |
| Derivatives -fair value, hedge instruments | 2 | 2 | – | 6 | 6 | – |
| Derivatives - fair value through profit | 2 | 2 | – | 5 | 5 | – |
| Total financial assets at fair value per level | 4 | 4 | – | 11 | 11 | – |
| Derivatives -fair value, hedge instruments | 3 | 3 | – | 1 | 1 | – |
| Derivatives - fair value through profit | 4 | 4 | – | 4 | 4 | – |
| Contingent considerations- fair value though profit | 267 | – | 267 | 151 | – | 151 |
| Total financial liabilities at fair value per level | 274 | 7 | 267 | 156 | 5 | 151 |
|
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 purchase considerations | 2020/2021 | 2019/2020 |
| Opening balance, carrying amount | 151 | 198 |
| Acquisitions during the year | 170 | 63 |
| Reversed through the income statement | 9 | -52 |
| Purchase considerations paid | -64 | -65 |
| Interest expenses | 9 | 3 |
| Exchange differences | -8 | 4 |
| Carrying amount, closing balance | 267 | 151 |
| Impact of financial instruments on net earnings | 2020/2021 | 2019/2020 |
|
Assets and liabilities measured at fair value through the income statement | -18 | -5 |
|
Equity instruments recognised at fair value through other comprehensive income | 0 | 0 |
| Measured at amortised cost | -35 | -35 |
| Total | -53 | -40 |