Notes for P&L

Not 15 Financial instruments and financial risk management

Financial assets and liabilities by category

The maximum exposure to credit risk for the assets is represented by the carrying amounts presented in the table above. The Group has not obtained any collateral for its financial net assets.

Other receivables mainly comprise receivables from payment service providers that the Group cooperates with to offer payment and financing solutions to end customers, as well as other short-term receivables.

The carrying amounts approximate fair value in all material respects.

Financial risk management

Rugvista Group AB is exposed to a number of financial risks, including currency risk, interest rate risk, credit risk and liquidity risk. The Group’s overall risk management objective is to manage uncertainty in financial markets and to minimise potential adverse effects on the Group’s financial performance. The most significant financial risks are described below.

CURRENCY RISK

The Group’s operations are primarily conducted in Sweden, and SEK is the functional currency. Transaction exposure refers to the risk that affects the Group’s profit and cash flows as a result of changes in exchange rates impacting inflows and outflows denominated in foreign currencies.

The Group does not apply hedge accounting; however, it actively seeks to match inflows and outflows in foreign currencies to the extent possible.

The net exposure in significant foreign currencies, defined as sales less purchases per currency, is presented below:

Exposure to foreign currencies gives rise to currency risk. For 2025, with all other variables held constant, a 10% change in exchange rates for each currency would affect profit before tax by the following amounts:

INTEREST RATE RISK

As the Group has repaid all borrowings from credit institutions, the remaining exposure to interest rate risk relates only to lease liabilities recognised in accordance with IFRS 16. Consequently, the Group’s interest rate risk is considered to be low.

CREDIT RISK

Credit risk is the risk of loss arising from a counterparty’s failure to meet its contractual obligations.

The Group offers its customers payment and financing solutions via payment service providers, and the credit risk is primarily related to receivables from these providers. When customers make purchases on credit, the Group does not bear the associated credit risk.

Receivables from payment service providers are typically settled within 3–5 days.

The Group has not recognised any loss allowance for expected credit losses, as the credit risk is assessed to be insignificant.

LIQUIDITY RISK AND CASH FLOW RISK

The Group’s cash flows are subject to a certain degree of seasonality. The Group prepares cash flow forecasts to ensure sufficient liquidity.

The table below presents the contractual maturities (undiscounted cash flows) of the Group’s financial liabilities.