C15. Other non-current assets

For other non-current assets, fair values equal carrying values. The total carrying values of other non-current assets were distributed as follows.

SEK in millions

Carrying value

Dec 31, 2015

Dec 31, 2014

Equity instruments available-for-sale

1,053

275

Equity instruments held-for-trading

35

61

Other derivatives held-for-trading

65

55

Bonds available-for-sale

8,841

4,671

Interest rate and cross currency interest rate swaps at fair value

4,742

4,797

of which designated as fair value hedges

1,153

2,616

of which held-for-trading

1,917

1,201

of which designated as cash flow hedges

1,671

980

Subtotal (see Fair value hierarchy levels – Note C25)

14,736

9,859

Government bonds and treasury bills held-to-maturity

29

10

Loans and receivables at amortized cost

2,549

4,041

Subtotal (see Categories – Note C25)

17,315

13,910

Finance lease receivables

546

712

Subtotal (see Credit risk – Note C26)

17,860

14,622

Equity instruments at cost

44

47

Deferred expenses

751

886

Total other non-current assets

18,655

15,555

of which interest-bearing

16,368

14,336

of which non-interest-bearing

2,287

1,219

 

For loans and receivables fair value is estimated at the present value of future cash flows discounted by applying market interest rates as of the end of the reporting period (fair value hierarchy level 2). As of December 31, 2015, contractual cash flows for Government bonds and treasury bills and Loans and receivables represented the following expected maturities.

 

Expected maturity, SEK in millions

2017

2018

2019

2020

Later years

Total

Government bonds and treasury bills

29

29

Loans and receivables

2,003

365

45

42

94

2,549

 

For more information on financial instruments by category/fair value hierarchy level and exposed to credit risk, see Note C25 “Financial assets and liabilities by category and level” and section “Credit risk management” in Note C26 “Financial risk management,” respectively. For information on leases, see Note C27 “Leasing agreements.”

© TeliaSonera 2015
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