Sensitivity analysis

The following table shows how a 10% change in the Group companies' functional currencies would affect the Group's equity.

Sensitivity analysis, impact on equity as at 31 Dec. 2017

€ million

NOK

SEK

RUB

PLN

BYN

Change +10%

-7.5

-7.7

-12.8

-2.1

-0.8

Change -10%

9.1

9.4

15.7

2.5

1.0

 

A sensitivity analysis of the transaction exposure shows the impact on profit or loss of a +/-10% exchange rate change in intra-Group receivables and liabilities denominated in foreign currencies and foreign currency derivatives and borrowings used for hedging.

Sensitivity analysis, impact on pre-tax profit as at 31 Dec. 2017

€ million

USD

SEK

NOK

PLN

RUB

BYN

Change +10%

-1.4

0.1

-0.5

-1.2

-0.2

-1.3

Change -10%

1.7

-0.2

0.6

1.5

0.3

1.6

 
Sensitivity analysis for the Group's interest-bearing receivables, effect of change in interest rate level on pre-tax profit and equity at 31 Dec. 2017

€ million

Effect on
pre-tax profit 

Effect on pre-tax equity

Change + / -1%  

+/- 2.3

+/- 1.3

 

Sensitivity analysis for the Group's variable rate borrowings, effect of change in interest rate level on pre-tax profit at 31 Dec. 2017

€ million

Effect on
pre-tax profit 

Change + / -1%  

+/- 1.7

 

Sensitivity analysis for the Group's electricity derivatives at 31 Dec. 2017: effect of a change in market price of electricity derivatives on pre-tax profit and equity

€ million

Effect on
pre-tax profit 

Effect on
pre-tax equity

Change + / -20 pp.

+/- 1.0

+/- 0.3

 
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