P18. Short-term provisions, trade payables and other current liabilities

Short-term provisions, trade payables and other current liabilities were distributed as follows.

SEK in millions

Dec 31, 2015

Dec 31, 2014

Currency swaps, forward exchange contracts and currency options held-for-trading

101

416

Subtotal (see Fair value hierarchy levels – Note P19)

101

416

Accounts payable at amortized cost

132

103

Current liabilities at amortized cost

75

57

Subtotal (see Categories – Note P19)

308

576

Liabilities to subsidiaries

551

1,064

Other current liabilities

567

515

Total short-term provisions, trade payables and other current liabilities

1,425

2,155

For Accounts payable and Current liabilities, the carrying value equals fair value as the impact of discounting is insignificant. For additional information on financial instruments classified by category/fair value hierarchy level and on liquidity risks, refer to Note P19 “Financial assets and liabilities by category and level” and section “Liquidity risk management” in Note P20 “Financial risk management.” As of December 31, 2015, contractual cash flows for liabilities at amortized cost represented the following expected maturities.

Expected maturity
SEK in millions

Jan–Mar 2016

Apr–Jun 2016

Jul–Sep 2016

Oct–Dec 2016

Total

Liabilities at amortized cost

207

207

Corresponding information for currency derivatives held-for-trading is presented in section “Liquidity risk management” to Note P20 “Financial risk management.”

Conventional commercial terms apply for trading with subsidiaries. The main components of Other current liabilities are short-term provisions, see Note P15 “Other provisions,” and accrued payroll expenses and social security contributions.

© TeliaSonera 2015
In the event of any differences between this online version of the Annual and sustainability report and the printed version, the printed version shall prevail.