Financial instruments by category
Financial assets measured at fair value through profit or loss
Financial assets measured at amortised cost
Assets as of December 31, 2022
Total
Assets in the balance sheet Accounts receivable and other receivables
61.0
61.0
Cash and cash equivalents
100.4 161.4
100.4 161.4
G1 G2 G3 G4 G5 G6 G7 G8 G9
Total
-
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at amortised cost
Liabilities as of December 31, 2022 Liabilities in the balance sheet Liabilities to credit institutions
Total
328.5
328.5
Other liabilities Accounts payable Accrued expenses
7.6
7.6
13.5 68.8
13.5 68.8
Total
-
418.5
418.5
G10 G11 G12 G13 G14 G15 G16 G17 G18 G19 G20 G21 G22 G23 G24 G25 G26 G27 G28
Financial assets measured at fair value through profit or loss
Financial assets measured at amortised cost
Assets as of December 31, 2021 Assets in the balance sheet Interest bearing securities
Total
-
-
Accounts receivable and other receivables
55.3 94.5
55.3 94.5
Cash and cash equivalents
Total
-
149.8
149.8
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at amortised cost
Liabilities as of December 31, 2021 Liabilities in the balance sheet Liabilities to credit institutions
Total
277.9
277.9
Other liabilities Accounts payable Accrued expenses
11.5 12.5 60.6
11.5 12.5 60.6
Total
-
362.5
362.5
The fair value of short-term liabilities to credit institutions corresponds to their carrying amount, as the discounting effect is not material. The fair value of longterm debt to credit institutions is based on discounted cash flows (level 2) and amounts to SEK 330 million as at 12/31/2022. For other financial assets and liabilities, the carrying amount is an approximation of fair value and therefore these items are not classified into levels according to the valuation hierarchy.
P1 P2 P3 P4 P5 P6 P7 P8 P9
Note G22 Liabilities to credit institutions
The Group has two covenants to fulfill: Net leverage and Interest cover. Net leverage is calculated according to the formula net debt/consolidated EBITDA. Net debt refers to the loans with deductions for balances with the bank. Interest cover is calculated according to the formula consolidated EBITDA/net financial liabilities. The Group has fulfilled the loan terms for the entire financial year January 1 - December 31, 2022. Reported value 31/12/2022 Fair value 31/12/2022 Loans from credit institutions 328.5 330.0
31/12/2022 31/12/2021
Long-term liabilities Liabilities to credit institutions Effective interest rate/settlement fee/renegotiation result
330.0
280.0
-1.5
-2.1
328.5 328.5
277.9 277.9
Total liabilities to credit institutions
Liabilities to credit institutions The Group's borrowing matures on April 27, 2024 and runs at variable interest rates corresponding to 1.40 - 2.00 percent per annum, depending on the net lever- age covenant.
64 · Hemnet Group | Annual and sustainability report 2022
Financial statements
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