Note 11 - Financial instruments

The following table shows the allocation of financial instruments based on the following categories in accordance with IFRS 7: Financial assets at fair value through the income statement, investment held to maturity, loan trade receivables, available-for-sale financial assets and financial liabilities.

Financial assets, Group
	Financial assets valued at fair valued via the income statement
SEK million, 31 Dec. 2012	Holdings for trading	Classified on the initial recognition date	Investments held to maturity	Loan and trade receivables	Financial assets available for sale	Total fair value
Index-linked treasury bonds	—	1,656	—	—	—	1,656
Treasury bonds	—	21	—	—	—	21
Investments in zero-coupon bonds and commercial papers	—	—	2,180	—	—	2,180
Currency futures	—	—	—	—	—	—
Accounts receivable and other current receivables	—	—	—	608	—	608
Set off, National Debt Office	—	—	—	1,200	—	1,200
Cash and cash equivalents	—	—	—	1,693	—	1,693
Total						7,358

	Financial assets valued at fair valued via the income statement
SEK million, 31 Dec. 2011	Holdings for trading	Classified on the initial recognition date	Investments held to maturity	Loan and trade receivables	Financial assets available for sale	Total fair value
Index-linked treasury bonds	—	1,685	—	—	—	1,685
Treasury bonds	—	—	—	—	—	—
Investments in zero-coupon bonds and commercial papers	—	—	1,145	—	—	1,145
Currency futures	1	—	—	—	—	1
Accounts receivable and other current receivables	—	—	—	537	—	537
Set off, National Debt Office	—	—	—	1,200	—	1,200
Cash and cash equivalents	—	—	—	2,264	—	2,264
Total						6,832

For financial investments in the categories investments held to maturity, loan receivables and accounts receivable, as well as financial assets available for sale, the fair value is deemed to match the carrying amount.

Financial assets, Group
	Financial assets valued at fair valued via the income statement
SEK million, 31 Dec. 2012	Holdings for trading	Classified on the initial recognition date	Other financial liabilities	Total fair value
Accounts payable and other liabilities	—	—	504	504
Unpaid winnings, Triss Månadsklöver	—	1,572	—	1,572
Unpaid winnings, other	—	—	359	359
Other current and non-current, non-interest bearing liabilities	—	—	717	717
Total				3,151

	Financial assets valued at fair valued via the income statement
SEK million, 31 Dec. 2011	Holdings for trading	Classified on the initial recognition date	Other financial liabilities	Total fair value
Accounts payable and other liabilities	—	—	498	498
Unpaid winnings, Triss Månadsklöver	—	1,572	—	1,572
Unpaid winnings, other	—	—	348	348
Other current and non-current, non-interest bearing liabilities	—	—	457	457
Total				2,875

Financial instruments recognised at fair value

Svenska Spel measures its index-linked treasury bonds and currency futures at fair value in profit or loss. Under IFRS 7, index-linked treasury bonds are classified in the value hierarchy 1 since they are measured at market prices, and currency futures are classified in the value hierarchy 2 since they are measured using observable market data.

	2012				2011
Assets, SEK million	Level 1	Level 2	Level 3	Total	Level 1	Level 2	Level 3	Total
Real return bonds	1,656	—	—	1,656	1,684	—	—	1,684
Index-linked treasury bonds	21	—	—	21	—	—	—	—
Currency futures	—	—	—	—	—	1	—	1
Current investments classified as cash and cash equivalents	500	—	—	500	236	—	—	236

	2012				2011
Liabilities, SEK million	Level 1	Level 2	Level 3	Total	Level 1	Level 2	Level 3	Total
Unpaid winnings, Triss Månadsklöver	—	1,572	—	1,572	—	1,572	—	1,572

Security holdings, Triss Månadsklöver

Total security holdings concerning Triss Månadsklöver amounted to SEK 1,677 million (1,684), of which SEK 1,592 million (1,493) comprises the noncurrent portion and SEK 85 million (191) the current portion. Acquisitions and sales, as well as net realised and unrealised value changes for Triss Månadsklöver amounted to a loss of SEK 30 million (15) and the value change of the asset was a negative SEK 7 million (pos: 138).

Interest risk Instruments (measurement principle)	Nominal value	Maturity date	Coupon rate, %
Index-linked treasury bonds
Swedish Government’s index-linked treasury bonds
1574	81	2013-09-18	6.00
3001	63	2014-04-01	0.00
3105	241	2015-12-01	3.50
3107	309	2017-06-01	0.50
3102	165	2020-12-01	4.00
3108	270	2022-06-01	0.25
3104	144	2028-12-01	3.50

Swedish Government’s treasury bonds
1041	2	2014-05-05	6.75
1049	2	2015-08-12	4.50
1050	2	2016-07-12	3.00
1051	2	2017-08-12	3.75
1052	3	2019-03-12	4.25
1047	3	2020-06-01	5.00
1054	2	2022-06-01	3.50
1057	1	2023-11-13	1.50
1056	1	2032-06-01	2.25
1053	0	2039-03-30	3.50

Interest risk Instruments (measurement principle)	Nominal value, SEK million	Maturity date	Coupon rate, %
Investments in zero-coupon bonds, commercial papers and deposits
Within 180 interest-rate days	199	2013-02-12	1.54
	149	2013-03-26	1.46
	240	2013-04-09	2.42
	157	2013-04-09	2.24
	98	2013-05-15	2.20
	295	2013-05-15	2.09
	99	2013-05-15	1.50
	99	2013-05-15	1.43
	99	2013-05-15	1.50
	395	2013-06-18	1.80
	147	2013-09-24	1.78
Over 181 interest-rate days	44	2014-02-18	2.40
	57	2015-10-12	2.63
	100	2017-02-17	3 month stibor fixing
Total	2180

Cash and cash equivalents	1693		1.55

Interest risk Instruments (measurement principle)	Nominal value, SEK million	Present value weighted real discount rate, %	Nominal value, SEK million	Present value weighted real discount rate, %
Winnings funds for Triss Månadsklöver lottery
Within 1 year	27	0.019	1	0.22
Between 1 and 5 years	595	0.076	8	0.294
More than 5 years	928	–0.012	13	0.867
Total	1,550		21