Disclosure Of Material Accounting Policy Information [Text Block]

Litgrid AB - Filing #5827278

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	M
Description of accounting policy for borrowings [text block]	Financial liabilities, borrowings
Description of accounting policy for cash flows [text block]	The statement of cash flows is prepared indirectly.
Description of accounting policy for construction in progress [text block]	Construction work in progress represents non-current fixed assets under construction. The cost of such assets includes design, construction works, plant and equipment being installed, and other directly attributable costs.
Description of accounting policy for deferred income tax [text block]	Deferred income tax
Description of accounting policy for depreciation expense [text block]	Depreciation and amortisation
Description of accounting policy for derecognition of financial instruments [text block]	Derecognition of financial liabilities
Description of accounting policy for employee benefits [text block]	2.11Employee benefits
Description of accounting policy for financial instruments [text block]	2.5Trade payables and other financial liabilities, borrowings
Description of accounting policy for government grants [text block]	2.6Grants
Description of accounting policy for impairment of non-financial assets [text block]	2.3Impairment of property, plant and equipment and intangible assets
Description of accounting policy for income tax [text block]	2.14Income tax
Description of accounting policy for leases [text block]	2.8Lease liabilities
Description of accounting policy for measuring inventories [text block]	2.4Inventories
Description of accounting policy for intangible assets other than goodwill [text block]	Intangible assets
Description of accounting policy for property, plant and equipment [text block]	Items of assets with a useful life over one year and the acquisition cost higher than the set minimal capitalisation value for different groups of assets.
Description of accounting policy for provisions [text block]	2.10Provisions
Description of accounting policy for recognition of revenue [text block]	2.12Congestion management funds
Description of accounting policy for repairs and maintenance [text block]	Subsequent repair costs incurred when performing major improvements are included in the carrying amount of property, plant and equipment, only when it is probable that future economic benefits associated with these costs will flow to the Company and these costs can be measured reliably. Repair costs for the asset category of overhead lines and cables are accounted for as component of item of assets by estimating the useful life of the new asset. The carrying amount of the replaced part is derecognised. All other repair and maintenance costs are recognised as expenses in the statement of comprehensive income during the financial period in which they are incurred.
Description of accounting policy for trade and other payables [text block]	Trade payables