Annual Report 2021
Financial statements
Fair value gains and losses

See accounting policy FF.

Fair value gains and losses per category
Realised gains and losses on derivatives-46-38
Unrealised gains and losses on derivatives-2,3582,430
Gains and losses on investment property and property for own use9170
Financial assets at fair value through profit or loss172-108
Changes in insurance liabilities due to shadow accounting2,250-2,404
Total fair value gains and losses110-49

All changes in fair value presented here are changes to the so-called ‘clean fair value’. This is the fair value net of accrued interest recognised in interest income and expense.

The unrealised losses on derivatives are due to increasing interest rates, most of these are shadowed and added to insurance liabilities, see chapter 6.5.15.