AAK Annual Report 2018

Liquidity risk Liquidity risk concerns the Group’s ability to meet its financial commitments as they fall due. The table below shows all of the Group’s financial commit- ments, listed by the earliest contractual maturity date at the balance sheet date. All liabilities to banks and credit institu- tions are based on variable interest rates, which means the year-end carrying value reflects the present value of these liabilities. All liabilities in foreign currency are translated into SEK at year-end closing rates. Disclosure of financial liabilities by maturity date, December 31, 2018 Total amount Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Non-current liabilities Financial liabilities Liabilities to banks and credit institutions 2,551 933 - 1,100 518 Other non-current liabilities 362 - - - 362 Total non-current liabilities 2,913 933 - 1,100 880 Interest on liabilities to banks and credit institutions 451 144 - 171 136 Total non-current liabilities and interest 3,364 1,077 - 1,271 1,016 Current liabilities Financial liabilities Liabilities to banks and credit institutions 661 661 - - - Accounts payables 2,685 2,685 - - - Derivative financial instruments 258 258 - - - Accrued expenses 1,044 1,044 - - - Other current liabilities 193 193 - - - Total current liabilities 4,841 4,841 - - - Interest on liabilities to banks and credit institutions 33 33 - - - Total current liabilities and interest 4,874 4,874 - - - Unused committed credit facilities available to the Group at the 2018 year-end Total amount Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Unused committed credit facilities 4,698 1,034 - 3,664 - 3 Note Financial risk management and hedge accounting 75