P10. Other financial assets

The total carrying value changed as follows.

SEK in millions

Dec 31, 2015

Dec 31, 2014

Dec 31, 2015

Dec 31, 2014

Dec 31, 2015

Dec 31, 2014

Dec 31, 2015

Dec 31, 2014

Investments in
associated companies and joint ventures

Investments in other equity instruments

Investments in
subsidiaries and
other non-current
financial assets

Total

Carrying value, opening balance

280

267

67

31

155,007

178,890

155,355

179,188

New share issues and shareholder contributions

3

9

4,275

4,061

4,278

4,070

Repayment of capital

-380

-18,512

-380

-18,512

Additions

32

4

1,023

36

12,238

8,119

13,293

8,159

Disposals

-49

-3,684

-3,003

-3,733

-3,003

Impairment losses

-13

-207

-10,147

-220

-10,147

Reclassifications to short-term investments

-5,911

-4,503

-5,911

-4,503

Changes in fair value

9

103

9

103

Carrying value, closing balance

267

280

1,077

67

161,346

155,007

162,690

155,355

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

SEK in millions

Carrying value

Dec 31, 2015

Dec 31, 2014

Investments in other equity instruments available-for-sale

1,052

46

Investments in other equity instruments held-for-trading

25

21

Bonds available-for-sale

8,841

4,671

Interest rate and cross currency interest rate swaps at fair value

4,742

4,798

of which designated as fair value hedges

1,193

2,616

of which held-for-trading

1,918

1,201

of which designated as cash flow hedges

1,631

981

Derivatives held-for-trading

65

55

Currency swaps and forward exchange contracts held-for-trading

0

Subtotal (see Fair value hierarchy levels – Note P19)

14,725

9,591

Loans and receivables at amortized cost

51

2,466

Subtotal (see Categories – Note P19 and Credit risk – Note P20)

14,776

12,057

Investments in subsidiaries

144,226

138,259

Receivables from subsidiaries

3,421

4,759

Investments in associated companies

267

280

Total other financial assets

162,690

155,355

of which interest-bearing

18,132

16,758

of which non-interest-bearing

144,558

138,597

For Loans and receivables (including claims on associated companies), fair value is estimated at the present value of future cash flows discounted by applying market interest rates at the end of the reporting period.

For more information on financial instruments by category/fair value hierarchy level and exposed to credit risk, refer to Note P19 “Financial assets and liabilities by category and level” and section “Credit risk management” in Note P20 “Financial risk management,” respectively. Conventional commercial terms apply for receivables from subsidiaries.

Investments in subsidiaries are specified below, while corresponding information on associated companies and other equity instruments is presented in Notes to consolidated financial statements (Notes C14 and C15).

Subsidiary,

Corp. reg. no., registered office

Participation
(%)

Number of shares

Carrying value (SEK in millions)

Dec 31, 2015

Dec 31, 2014

Swedish companies

       

TeliaSonera Skanova Access AB, 556446-3734, Stockholm

100

21,255,000

27,819

27,819

Telia Nättjänster Norden AB, 556459-3076, Stockholm

100

68,512

3,146

3,146

TeliaSonera Sverige AB, 556430-0142, Stockholm

100

3,000,000

3,021

2,992

TeliaSonera Mobile Networks AB, 556025-7932, Stockholm

100

550,000

2,698

2,698

Cygate AB, 556549-8952, Solna

100

61,000

659

Cygate 11 AB, 556707-4876, Solna

100

1,000

7

143

TeliaSonera Mobile Holding AB, 556855-9040, Stockholm

100

50,000

476

476

TeliaSonera International Carrier AB, 556583-2226, Stockholm

100

1,000,000

453

453

TeliaSonera Finance AB, 556404-6661, Stockholm

100

45,000

481

358

Zitius Services Delivery AB, 556642-8339, Stockholm

100

2,079,000

353

353

TeliaSonera Försäkring AB, 516401-8490, Stockholm

100

2,000,000

200

200

TeliaSonera Sverige Net Fastigheter AB, 556368-4801, Stockholm

100

5,000

169

169

Svenska Stadsnät AB, 556577-9195, Landskrona

100

100,000

70

100

Quadracom Networks AB, 556606-6055, Gothenburg

100

10,000

71

71

Rätt Internet Kapacitet i Sverige AB, 556669-1704, Umeå

100

8,500

31

31

TeliaSonera Asset Finance AB, 556599-4729, Stockholm

100

1,000

22

22

Sergel Kredittjänster AB, 556264-8310, Stockholm

100

5,000

8

8

TeliaSonera Network Sales AB, 556458-0040, Stockholm

100

10,000

7

7

TeliaSonera Assignments AB, 556989-3679, Stockholm

100

500

0

Qmarket AB, 556883-7214, Gothenburg

100

50,000

0

0

Qadracom Services AB, 556677-3726, Gothenburg

100

1,000

0

0

Svenska Stadsnät Transit AB, 556333-0934, Täby

100

1,000

23

Växjö Support Center Försäljnings AB, 556663-4514, Växjö

100

1,000

5

TeliaSonera Sverige Karlaplan Fastighet AB, 559035-2737, Stockholm

100

50,000

0

Other operating, dormant and divested companies

   

0

815

Subsidiary,

Corp. reg. no., registered office

Participation
(%)

Number of shares

Carrying value (SEK in millions)

Dec 31, 2015

Dec 31, 2014

Non-Swedish companies

       

TeliaSonera Finland Oyj, 1475607-9, Helsinki

100

1,417,360,515

74,863

74,863

Cygate Oy, 0752421-0, Helsinki

100

1,500,000

246

Sergel Oy, 1571416-1, Helsinki

100

267,966,000

277

277

TeliaSonera International Carrier Finland Oy, 1649304-9, Helsinki

100

100

98

98

TeliaSonera Norge AS, 981929055, Oslo

100

30,000

12,786

6,620

Sergel Norge AS, 984272170, Sandefjord

100

227,247

143

TeliaSonera International Carrier Denmark A/S, 24210413, Copenhagen

100

1,000

172

172

TeliaSonera Danmark A/S, 18530740, Copenhagen

100

14,500

54

74

Sergel A/S, 35481036, Copenhagen

100

500,000

6

6

Argon A/S, 36462272, Copenhagen

100

500,000

1

1

TEO LT, AB, 121215434, Vilnius

88.2

513,593,681

3,310

3,310

UAB Omnitel, 110305282, Vilnius

100

39,688,889

2,153

2,153

UAB Sergel, 125026242, Vilnius

100

10,850

7

7

SIA Telia Latvija, 000305757, Riga

100

328,300

51

51

TeliaSonera International Carrier Latvia SIA, 000325135, Riga

100

205,190

13

13

Latvijas Mobilais Telefons SIA, 000305093, Riga

24.5

140,679

2

2

SIA Sergel, 010318318, Riga

100

3,500

4

4

Telia Eesti AS, 10234957, Tallinn

100

137,954,528

5,686

5,686

TeliaSonera international Carrier Estonia OÛ, 12606073, Tallin

100

1

11

11

Xfera Móviles S.A., A82528548, Madrid

76.6

517,025,247

2,549

2,549

ZAO TeliaSonera International Carrier Russia, 102780919732, Moscow

100

220,807,825

200

200

TeliaSonera Telekomünikasyon Hizmetleri L.S., 381395, Istanbul

99

79,193

10

10

TeliaSonera International Carrier Telekomünikasyon L.S., 609188-556770, Istanbul

100

55,919

8

8

TeliaSonera International Carrier UK Ltd., 02796345, London

100

1,010,000

268

268

TeliaSonera International Carrier Germany GmbH, HRB50081, Frankfurt am Main

100

249

629

TeliaSonera Frankfurt Property GmbH, HRB98956, Frankfurt

100

49

49

TeliaSonera International Carrier France S.A.S., B421204793, Paris

100

2,700,000

681

681

TeliaSonera International Carrier Austria GmbH, FN191783i, Vienna

100

118

118

TeliaSonera International Carrier Switzerland AG, 2171000547-8, Zurich

100

1,000

54

54

TeliaSonera International Carrier Netherlands B.V., 34128048, Amsterdam

100

910

59

59

TeliaSonera Assignments B.V., 24300363, Rotterdam

100

1,810,719,000

2

1

TeliaSonera International Carrier Belgium S.A., 469422293, Brussels

100

50,620

3

3

TeliaSonera International Carrier Italy S.p.A, 07893960018, Turin

100

530,211

17

17

TeliaSonera International Carrier Ireland Ltd., 347074, Dublin

100

27

6

6

TOV TeliaSonera International Carrier Ukraine, 34716440, Kyiv

100

6

6

TeliaSonera International Carrier Poland Sp. z o.o., KRS00000186, Warsaw

100

22,500

37

37

TeliaSonera International Carrier Czech Republic a.s., 26207842, Prague

100

20,000

126

126

TeliaSonera International Carrier Slovakia, s.r.o., 36709913, Bratislava

100

7

7

TeliaSonera International Carrier Hungaria Távközlési Kft., 01-09-688192, Budapest

100

19

19

TeliaSonera International Carrier Bulgaria EOOD, 175215740, Sofia

100

29,210

14

14

TeliaSonera International Carrier Romania S.R.L., 20974985, Bukarest

100

10,001

5

5

TeliaSonera International Carrier, Inc., 541837195, Herndon, VA

100

3,000,100

136

136

TeliaSonera International Carrier Canada, Inc., BC0968600, Vancouver, BC

100

100

1

1

TeliaSonera International Carrier Singapore Pte. Ltd, 200005728N, Singapore

100

1,200,002

1

1

Other operating, dormant and divested companies

   

0

46

Total

   

144,226

138,259

In 2015, TeliaSonera merged its former Norwegian holding company TeliaSonera Norge Holding AS into TeliaSonera Norge AS. The Swedish subsidiary Cygate Group AB has been liquidated. The decrease in carrying value of TeliaSonera International Carrier Germany GmbH results from capital repayment. Telia Danmark is a branch of Telia Nättjänster Norden AB. TeliaSonera´s stakes in the network-sharing operations in Sweden and Denmark are held through TeliaSonera Mobile Networks AB and TeliaSonera Mobile Holding AB, respectively. Another 24.5 percent of the shares in Latvijas Mobilais Telefons SIA are owned by a subsidiary. TeliaSonera has a board majority on Latvijas Mobilais Telefons. The remaining shares in TeliaSonera Telekomünikasyon Hizmetleri L.S. are owned by TeliaSonera Finland Oyj which also indirectly controls Fintur Holdings B.V. and TeliaSonera UTA Holding B.V. Equity participation corresponds to voting rights participation in all companies except Xfera Móviles S.A.; where TeliaSonera controls 80 percent of the votes by virtue of a sharesholders agreement. Other operating and dormant companies do not control group assets of significant value. In addition to companies mentioned above,TeliaSonera AB indirectly controls a number of operating and dormant subsidaries of subsidiaries.

© TeliaSonera 2015
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