C11. Other comprehensive income

Other comprehensive income was distributed as follows.

SEK in millions

Equity component

Jan–Dec 2015

Jan–Dec 2014

Other comprehensive income that
may be reclassified to net income

     

Foreign currency translation differences

     

Translation of foreign operations,
continuing operations

Foreign currency translation reserve

-9,277

5,655

Translation of foreign operations, 
discontinued operations

Foreign currency translation reserve

-4,081

1,034

Translation of foreign non-controlling
interests, continuing operations

Non-controlling interests

-36

57

Translation of foreign non-controlling
interests, discontinued operations

Non-controlling interests

-1,396

275

Hedging of foreign operations

Foreign currency translation reserve

2,445

-3,956

Income tax effect

Foreign currency translation reserve

-538

870

Total foreign currency translation
differences

 

-12,884

3,935

of which attributable to non-controlling
interests

 

-1,433

332

Income from associated companies

     

Net changes in fair value of
cash flow hedges

Hedging reserve

1

2

Translation of foreign operations

Foreign currency translation reserve

-3

7

Total income from associated
companies

 

-2

9

Cash flow hedges

     

Net changes in fair value

Hedging reserve

621

64

Transferred to finance costs in
net income

Hedging reserve

-7

5

Income tax effect

Hedging reserve

-135

-25

Total cash flow hedges

 

479

44

Available-for-sale financial
instruments

     

Net changes in fair value

Fair value reserve

-2

1

Disposals transferred to other
financial items in net income

Fair value reserve

2

Income tax effect

Fair value reserve

6

0

Total available-for-sale
financial instruments

 

4

3

Total other comprehensive income
that may be reclassified to net income

 

-12,404

3,990

of which total income tax effects
(see also Note C10)

 

-667

845

of which attributable to
non-controlling interests

 

-1,433

332

Other comprehensive income that
will not be reclassified to net income

     

Remeasurements of defined benefit
pension plans

Retained earnings

4,322

-3,953

Income tax relating to items that will
not be reclassified

Retained earnings

-922

870

Associates’ remeasurements of
defined benefit pension plans

Retained earnings

6

5

Total other comprehensive income
that will not be reclassified to net income

 

3,407

-3,078

of which total income tax effects
(see also Note C10)

 

-922

870

Total other comprehensive income

 

-8,997

911

of which attributable to non-controlling
interest, continuing operations

 

-1 396

275

of which attributable to non-controlling
interest, discontinued operations

 

-36

57

The hedging reserve comprises gains and losses on derivatives hedging interest rate and foreign currency exposure, with a positive net effect in equity of SEK 479 million as of December 31, 2015, and SEK 44 million as of December, 2014. Future gains or losses will affect net income in 2016, 2017, 2019 and later, when the hedged items mature. See also section “Financial instruments” in Note C3 “Significant accounting policies.” See Note C21 “Provisions for pensions and employment contracts” for details of “Remeasurements of defined benefit pension plans.”

© TeliaSonera 2015
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