C9. Finance income and finance costs

Finance income and finance costs were distributed as follows.

SEK in millions

Jan–Dec 2015

Jan–Dec 2014

Finance income

   

Interest income

475

578

Interest income on finance leases

91

99

Changes in fair value of held-for-trading-investments

-15

56

Unwinding of discounts, receivables

59

74

Total finance income

609

806

     

Finance costs

   

Interest expenses

-3,089

-3,327

Interest expenses on finance leases

-3

-4

Unwinding of provision discounts

-45

-83

Capitalized interest

83

75

Net exchange rate gains and losses

-265

-32

Net interest on the net defined benefit liability (asset)

-72

Other finance costs

-137

-2

Total finance costs

-3,526

-3,341

Net effect on income

-2,917

-2,535

Details on interest expenses, net exchange rate gains and losses and interest income related to hedging activities, loan receivables and borrowings were as follows.

SEK in millions

Jan–Dec 2015

Jan–Dec 2014

Jan–Dec 2015

Jan–Dec 2014

Jan–Dec 2015

Jan–Dec 2014

Interest expenses

Net exchange rate
gains and losses

Interest income

Fair value hedge derivatives

-1,648

1,764

-41

31

Cash flow hedge derivatives

-34

-36

95

576

Derivatives held-for-trading

1,117

-188

-55

-267

Held-to-maturity investments

10

8

Loans and receivables

-1,125

674

416

602

Borrowings in fair value hedge relationships

-1,450

-2,373

1,991

-39

Borrowings and other financial liabilities at amortized cost

-1,061

-2,506

-1,137

-1,006

Other

-12

12

7

50

-31

Total

-3,089

-3,327

-265

-32

475

578

Borrowings at amortized cost include items in cash flow hedge relationships as well as unhedged items.

© TeliaSonera 2015
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