P11. Trade and other receivables

The carrying value of trade and other receivables were distributed as follows.

SEK in millions

Dec 31, 2015

Dec 31, 2014

Interest rate and cross currency interest rate swaps designated as fair value hedges

305

Currency swaps and forward exchange contracts held-for-trading

1,154

668

Subtotal (see Fair value hierarchy levels – Note P19)

1,154

972

Accounts receivable at amortized cost

2

3

Loans and receivables at amortized cost

2

2,598

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

1,159

3,573

Receivables from subsidiaries

40,375

38,375

of which cash-pool balances and short-term deposits

32,325

29,801

of which trade and other receivables

8,050

8,574

Other current receivables

182

189

Deferred expenses

24

9

Total trade and other receivables

41,740

42,146

of which interest-bearing

33,101

30,512

of which non-interest-bearing

8,639

11,634

For Accounts receivable and Loans and receivables, the carrying values equal fair value as the impact of discounting is insignificant. For Accounts receivable and Loans and receivables (including receivables from associated companies and joint ventures), at the end of the reporting period, concentration of credit risk by geographical area and by customer segment was as follows.

SEK in millions

Dec 31, 2015

Dec 31, 2014

Geographical area

   

Sweden

0

Other countries

4

2,600

Total carrying value

4

2,600

Customer segment

   

Other customers

4

2,600

Total carrying value

4

2,600

On December 29, 2015, TeliaSonera received payment of the last tranche of deferred consideration from AF Telecom Holding (AFT), for more information refer to Note P23. 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.

As of the end of the reporting period, allowance for doubtful and ageing of Accounts receivable, respectively, were as follows.

SEK in millions

Dec 31, 2015

Dec 31, 2014

Accounts receivable invoiced

2

3

Allowance for doubtful accounts receivable

Total accounts receivable

2

3

Accounts receivable not due

1

1

Accounts receivable past due but not impaired

1

2

of which 30–180 days

0

2

of which more than 180 days

1

0

Total accounts receivable

2

3

As of the end of the reporting period, ageing of Loans and receivables (including receivables from associated companies) were as follows.

SEK in millions

Dec 31, 2015

Dec 31, 2014

Loans and receivables not due

2

2,598

Total loans and receivables

2

2,598

Receivables past due at the end of the reporting period were not provided for as there had not been a significant change in credit quality and the amounts were still considered recoverable. See also Notes to consolidated financial statements (section “Credit risk management” in Note C26) for information on mitigation of risks related to accounts receivable.

There were no bad debt expenses and no recovered accounts receivable in 2015 and in 2014.

© TeliaSonera 2015
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