The parent company TeliaSonera AB (Corporate Reg. No. 556103-4249), which is domiciled in Stockholm, comprises group executive management functions including the group’s internal banking operations. The parent company has no foreign branches.
Net sales were unchanged at SEK 4 million (4), of which SEK 3 million (3) was billed to subsidiaries. Income before taxes increased to SEK 12,879 million (10,243) mainly driven by an improved financial net. Net income was SEK 11,685 million (10,012).
Total investments were SEK 8,013 million (4,314), mostly related to the acquisition of Tele2’s Norwegian mobile operations and shares in Spotify Technology S.A. Cash and cash equivalents totaled SEK 13,558 million (20,379) at year-end. The balance sheet total was stable at SEK 223,213 million (221,300), Shareholders’ equity was SEK 82,901 million (83,732), of which non-restricted equity SEK 67,190 million (68,021). The equity/assets ratio was 35.7 percent (36.0). Net debt increased to SEK 92,429 million (90,401).
As of December 31, 2015, the number of employees was 298 (264).