BUSINESS OPERATIONS AND VALUE CREATION
SUSTAINABILITY REPORT
FINANCIAL DEVELOPMENT
GOVERNANCE
■ 5.7 Classification and fair values of financial assets and liabilities
Classification and fair values of financial assets and liabilities 2022
Fair value through profit and loss
Fair value through other comprehensive income
EUR million
Note
Amortised cost Total carrying amount
Financial assets Other non-current investments Other non-current financial assets
4.3 5.3 4.5 5.4 5.7
1.3
344.1
345.4
6.0
6.0
Accounts receivable and other receivables
354.5 356.2
354.5 356.2
Cash and cash equivalents Derivative financial instruments
0.0 4.2 5.5 5.5
39.3
43.4
Total carrying amount
383.4 383.4
716.8 716.8
1,105.6 1,105.6
Total fair value
Financial liabilities Non-current interest-bearing financial liabilities Other non-current financial liabilities Current interest-bearing financial liabilities
5.5 4.7 5.5 4.7 5.7
434.4
434.4
2.9
2.9
18.6
18.6
Accounts payable and other liabilities Derivative financial instruments
444.3
444.3
0.7 0.7 0.7
29.5 29.5 29.5
30.2
Total carrying amount
900.1 879.3
930.3 909.5
Total fair value
Classification and fair values of financial assets and liabilities 2021
Fair value through profit and loss
Fair value through other comprehensive income
EUR million
Note
Amortised cost Total carrying amount
Financial assets Other non-current investments Other non-current financial assets
4.3 5.3 4.5 5.4 5.7 7.2
3.4
177.6
181.0
15.3
15.3
Accounts receivable and other receivables
331.5 524.2
331.5 524.2
Cash and cash equivalents Derivative financial instruments
0.0 0.5
33.5
34.0
Assets classified as assets held for sale
2.1
2.1
Total carrying amount
3.9 3.9
211.1 211.1
873.1 873.1
1,088.1 1,088.1
Total fair value
Financial liabilities Non-current interest-bearing financial liabilities Other non-current financial liabilities Current interest-bearing financial liabilities
5.5 4.7 5.5 4.7 5.7 7.2
437.0
437.0
0.5
0.5
10.0
10.0
Accounts payable and other liabilities Derivative financial instruments Liabilties classified as held for sale
430.9
430.9
0.6
19.6
20.3
5.5
5.5
Total carrying amount
0.6 0.6
19.6 19.6
883.9
904.1 933.4
Total fair value
913.1
Accounts receivable and other receivables do not include advance payments, accrued tax receivables and periodisations of employee costs (Note 4.5). Accounts payable and other financial liabilities do not include advance payments, accrued tax liabilities and periodisations of employee costs (Note 4.7). In Metsä Board, all interest-bearing liabilities are valued in the balance sheet at amortised cost based on effective interest method.
Fair values are based on present value of cash flow of each liability or assets calculated by market rate. The discount rates applied are between 2.2–4.6 per cent (0.3–2.1). The fair values of accounts and other receiv- ables and accounts payable and other liabilities do not materially deviate from their carrying amounts in the balance sheet.
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