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. 2019

€ million

NOK

SEK

PLN

BYN

RUB

Change +10%

-7.3

-17.7

-4.0

-0.9

-

Change -10%

8.9

21.6

4.9

1.2

-

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. 2019

€ million

USD

SEK

NOK

PLN

BYN

Change +10%

-1.9

-1.5

-0.8

-0,8

-2.1

Change -10%

2.4

1.8

0.9

1.0

2.6

 
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. 2019

€ million

Effect on
pre-tax profit 

Change + / -1%  

+/- 1.1

 

Sensitivity analysis for the Group's variable rate borrowings, effect of change in interest rate level on pre-tax profit at 31 Dec. 2019

€ million

Effect on
pre-tax profit 

Change + / -1%  

-/+ 1.1

 

Sensitivity analysis for the Group's electricity derivatives at 31 Dec. 2019, 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.

-/+ 1.1

-/+ 2.2

 
Read more

Additional information on sensitivity analyses in 2019 Financial Review starting on page 96.

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