P5. 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

   

Dividends from subsidiaries

7,917

17,711

Capital gains from subsidiaries

1

1,850

Dividends from associated companies

0

-28

Interest from subsidiaries

546

1,579

Other interest income

226

344

Changes in fair value of held for trading investments

10

55

Exchange rate gains

2,524

366

Interest to subsidiaries

10

-970

Total finance income

11,234

20,907

Finance costs

   

Impairment losses from subsidiaries

-207

-10,147

Capital losses from associated companies

-50

Impairment losses from other financial investments

-13

Other interest expenses

-3,043

-3,333

Interest component of pension expenses

-16

-27

Exchange rate losses

-23

-3,990

Other financial expenses

-118

Total finance costs

-3,470

-17,498

Net effect on income

7,764

3,410

Details on other interest expenses, net exchange rate gains and losses and other interest income related to hedging activities, loan receivables, bonds 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

Other interest expenses

Net exchange rate
gains and losses

Other interest income

Fair value hedge derivatives

-1,648

1,764

6

31

Cash flow hedge derivatives

-34

-36

96

576

Derivatives held-for-trading

1,117

-188

-45

-267

Loans and receivables

-1,129

1,002

179

335

Bonds available-for-sale

47

9

Borrowings in fair value hedge relationships

-1,450

-2,362

1,991

-31

Borrowings and other financial liabilities at amortized cost

-965

-2,458

1,582

-4,935

Other

-63

-53

0

0

Total

-3,043

-3,333

2,501

-3,624

226

344

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

© TeliaSonera 2015
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