P19. Financial assets and liabilities by category and level

Categories

Carrying values of classes of financial assets and liabilities were distributed by category as follows. Financial assets and liabilities relating to subsidiaries are not included. Excluded are also investments in associated companies and joint ventures as discussed in Note P10 “Other financial assets” and pension obligations as discussed in Note P14 “Provisions for pensions and employment contracts.”

SEK in millions

Note

Dec 31, 2015

Dec 31, 2014

Financial assets

     

Derivatives designated as hedging instruments

P10, P11

2,824

3,901

Financial assets at fair value through profit and loss

 

3,162

1,945

Derivatives not designated as hedging instruments

P10, P11

3,137

1,924

Held-for-trading investments

P10

25

21

Long- and short-term bonds available-for-sale

P10, P12

15,291

4,950

Loans and receivables

P10, P11, P12

44,033

48,390

Available-for-sale financial assets

P10, P12

1,052

46

Total financial assets by category

 

66,362

59,232

Financial liabilities

     

Derivatives designated as hedging instruments

P16

2,139

464

Derivatives not designated as hedging instruments

P16, P18

329

2,141

Financial liabilities measured at amortized cost

P16, P18

124,015

122,488

Total financial liabilities by category

 

126,483

125,093

Fair value hierarchy levels

The carrying values of classes of financial assets and liabilities were distributed by fair value hierarchy level as follows.

SEK in millions

Note

December 31, 2015

December 31, 2014

Fair

value

of which

Fair

value

of which

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Financial assets at fair value

                 

Equity instruments available-for-sale

P10

1,052

1,052

46

46

Investments in other equity instruments
held-for-trading

P10

25

25

21

21

Long and short term bonds available-for-sale

P10, P12

15,291

15,291

4,950

4,950

Derivatives designated as hedging instruments

P10, P11

2,824

2,824

3,901

3,901

Derivatives held-for-trading

P10, P11

3,137

3,072

65

1,924

1,869

55

Total financial assets at fair value by level

 

22,329

15,291

5,896

1,142

10,842

4,950

5,771

122

Financial liabilities at fair value

                 

Derivatives designated as hedging instruments

P16

2,139

2,139

464

464

Derivatives held-for-trading

P16, P18

329

329

2,141

2,141

Total financial liabilities at fair value by level

 

2,468

2,486

2,605

2,605

There were no transfers between Level 1 and 2 in 2015 and 2014.

Level 3 financial assets changed as follows.

SEK in millions

 

December 31, 2015

 

December 31, 2014

Equity instruments available-for-sale

Investments in other equity instruments
held-for-trading

Derivatives held-for-trading

Total

Equity instruments available-for-sale

Investments in other equity instruments
held-for-trading

Derivatives held-for-trading

Total

Level 3, opening balance

46

21

55

122

13

17

0

31

Changes in fair value

12

0

10

22

0

0

55

55

of which recognized in net income

-13

0

10

-3

0

0

55

55

of which recognized in other comprehensive income

25

25

Purchases/capital contributions

994

4

 

998

33

4

 

37

Level 3, closing balance

1,052

25

65

1,142

46

21

55

122

Changes in fair value recognized in net income are included in line item Financial income and expenses, see specification in Note P5 “Financial income and expenses.”

© TeliaSonera 2015
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