TSC Annual Report 2024 final - Flipbook - Page 61
Notes - Financial statements
Currency exposure
EUR
GBP
SEK
Investment assets
Receivables
Other assets
24,089
4,019
1,318
1,629
1,746
0
1,058
4,672
Total assets
29,426
3,375
5,730
Equity and untaxed reserves
Technical provisions, net
Other liabilities and provisions
-1,847
-1,854
-1
-172
-149
-5,748
Total liabilities and provisions
-3,701
-173
-5,897
Net exposure
25,725
3,202
-167
18% of the Club’s investments are shares. All of its holdings are in well-diversi昀椀ed funds or index-linked securities with a high
rating. Decisions concerning investments and reallocations of equity investments are the responsibility of the Board
of Directors through the Finance & Audit Committee.
Credit risks primarily cover the risk of bond failures, reinsurance compensations, receivables from members and guarantees from
counterparts. The credit quality of bonds and other interest-bearing securities is shown in the table below. At year end, the
Club’s interest-bearing investments amounted to USD 410 (369) million.
Creditworthiness for classes
of 昀椀nancial assets at fair value¹)
Bonds and other interest-bearing securities
Foreign governments
Other foreign issuers
AAA
AA
A
BBB
Other
179,888
3,172
76,640
6,662
1,730
40,225
2,058
73,670
1,564
24,593
183,060
83,302
41,956
75,728
26,157
¹) Rating by Standard & Poor’s and Moody’s
Liquidity risk is low over the short term, since the majority of the investment portfolio can be converted to cash within a few
days. The Club is not, therefore, dependent on 昀椀nancing from capital markets.
The Swedish Club | Annual Report 2024
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