Financing
Organization
Industrivärden’s financing and management of financial risks are conducted in accordance with guidelines set by the Board of Directors. Industrivärden’s finance function works primarily with financing and investment of temporary surplus liquidity.
Financing
Industrivärden’s financing is arranged through both short- and long-term borrowing. The credit facilities give Industrivärden the ability to act on attractive investment opportunities at short notice. No part of the financing is conditional upon any covenants.
Interest-bearing net debt as per December 31, 2020
| 2020 | 2019 | |
| Exchangeable bond | - | - |
| MTN program | 5,751 | 3,055 |
| Commercial paper | 1,800 | 900 |
| Provision for pensions | 42 | 68 |
| Other interest-bearing liabilities | 225 | 232 |
| Total interest-bearing liabilities | 7,818 | 4,255 |
| Less: | ||
| Interest-bearing receivables | -164 | -167 |
| Cash and cash equivalents | 0 | -56 |
| Total | 7,654 | 4,032 |
Maturity structure
Maturity structure for undiscounted, contracted interest-bearing liabilities and derivative instruments with negative market values as per December 31, 2020:
| 2021 | 2022 | 2023 | 2024- | |
| Interest bearing liabilities 1) | 3,280 | 1,504 | 1,503 | 1,500 |
| Derivate instruments | - | - | - | 73 |
| Total | 3,280 | 1,504 | 1,503 | 1,573 |
1) Excluding pension provisions of sEK 42 M (68).
Last update: 04 Mar 2021