Asset Buyout Partners Annual Report 2020

2019 Financial liability Financial liabilities measured at fair value through profit and loss Assets measured at amortized cost Financial liabilities recognised at amortized cost Total Assets Trade receivables 6 269 024 6 269 024 Cash and short-term deposits 43 989 343 43 989 343 Total Financial assets - 50 258 367 - 50 258 367 Liabilities Interest bearing long-term debt 4 108 060 548 4 108 060 548 Interest bearing short-term debt 354 000 000 354 000 000 Derivative financial instruments 32 147 992 32 147 992 Other long-term liabilities 42 139 099 42 139 099 Trade payables and other short-term liabilities 80 293 273 80 293 273 Total Financial liabilities 32 147 992 - 4 584 492 919 4 616 640 911 Information about fair value of financial instruments Trade and other receivables The fair value of trade and other receivables are assumed to be the same as the net book value. The fair value of cash and cash equivalents are assumed to be equal to the book value. Fair value hierarchy for financial instruments measured through profit and loss Financial derivatives recognized at fair value are interest rate swaps. The fair value of the interest rate swaps is calculated by banks and are determined based on the net present value of future cash flows using quoted interest rate curves at the balance sheet date. The calculations obtained from the banks have been tested for reasonableness by the Group’s management. The fair value of these derivatives is classified as Level 2 in the fair value hierarchy, ref. note 5. Fair value of financial instruments recognized at amortized cost Financial instruments recognized at amortized cost consist of liabilities with floating rates. Recognized value is assumed to be a good indication of fair value for these liabilities taking into consideration the current margin and market conditions. Asset Buyout Partners | Annual Report 2020 27