The fair value hierarchy of financial assets and liabilities 2022
EUR
Level 1
Level 2
Level 3
Total
Financial assets at fair value Other shares and holdings
344,817,070.84
344,817,070.84
Derivative financial assets
6,734,448.85
36,689,222.26
43,423,671.11
Financial liabilities measured at fair value Derivative financial liabilities
5,042,014.96
25,176,651.15
30,218,666.11
The fair value hierarchy of financial assets and liabilities 2021
EUR
Level 1
Level 2
Level 3
Total
Financial assets at fair value Other shares and holdings
178,311,058.30
178,311,058.30 28,920,689.87
Derivative financial assets
26,887,254.15
2,033,435.72
Financial liabilities measured at fair value Derivative financial liabilities
82,476.63
20,198,402.15
20,280,878.78
The principles applied to classification of financial assets and liabilities valued at fair value are described in Notes 5.6 and 5.7 of the Metsä Board consolidated financial statements.
18. Disputes, legal proceedings and commitments
Disputes and legal proceedings Disputes are presented in Note 8.1 of the consolidated financial statements.
Commitments and contingencies EUR
2022
2021
For own and for affiliated companies Guarantees and counter-indemnities
2,061,906.00
2,045,966.00
For affiliated companies Other commitments
3,759,384.00
0.00
Leasing commitments Payments due in following 12 months
2,650,424.63 5,180,159.98
1,939,543.43 4,913,625.50
Payments due later than 1 year
Total
Guarantees
2,061,906.00 3,759,384.00 7,830,584.61 13,651,874.61
2,045,966.00
Other commitments Leasing commitments
0.00
6,853,168.93 8,899,134.93
Total commitments
Investment commitments Payments due in following 12 months
4,250,625.57 1,595,315.50 5,845,941.07
5,793,673.55 1,856,148.10 7,649,821.65
Payments due later than 1 year
19. Shares and holdings Shares and holdings are presented in Note 7.2. of consolidated financial statements.
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Parent company financial statements | METSÄ BOARD ANNUAL AND SUSTAINABILITY REPORT 2022
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