Metsä Board Annual and sustainability report 2022

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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