Annual Report 2007 - Financial StatementsNote 12 (Parent Company) - Other Financial Assets
| Investments in associated companies | ||||
| The carrying value of investments in associated companies changed as follows. | ||||
| December 31, | ||||
| SEK in millions | 2007 | 2006 | ||
|---|---|---|---|---|
| Carrying value, opening balance | 1,085 | 1,006 | ||
| Acquisitions | - | 77 | ||
| Issues of new shares and shareholder contributions | 4 | 45 | ||
| Impairment losses | -108 | -43 | ||
| Divestitures | -7 | - | ||
| Reclassifications | - | 0 | ||
| Carrying value, closing balance | 974 | 1,085 | ||
| Other holdings of equity securities | ||||
| The carrying value of other holdings of equity securities changed as follows. | ||||
| December 31, | ||||
| SEK in millions | 2007 | 2006 | ||
| Carrying value, opening balance | 172 | 92 | ||
| Acquisitions | 27 | 2 | ||
| Impairment losses | - | -3 | ||
| Changes in fair value | 5 | 81 | ||
| Carrying value, closing balance | 204 | 172 | ||
| Other long-term financial assets | ||||
| The carrying value of other long-term financial assets changed as follows. | ||||
| December 31, | ||||
| SEK in millions | 2007 | 2006 | ||
| Carrying value, opening balance | 110,627 | 96,924 | ||
| Purchases | 10,059 | 14,474 | ||
| Sales and disposals | -13 | -471 | ||
| Impairment losses | -4 | -67 | ||
| Exchange rate differences | 498 | -233 | ||
| Carrying value, closing balance | 121,167 | 110,627 | ||
| Other financial assets by class | ||||
| The total carrying and fair values of other financial assets were as follows. | ||||
| December 31, 2007 | December 31, 2006 | |||
| SEK in millions | Carrying value | Fair value | Carrying value | Fair value |
| Other holdings of equity securities available-for-sale | 196 | 196 | 166 | 166 |
| Other holdings of equity securities held-for-trading | 8 | 8 | 6 | 6 |
| Receivables from associated companies at amortized cost | - | - | 101 | 101 |
| Loans and receivables at amortized cost | 5 | 5 | - | - |
| Interest rate swaps designated as fair value hedges | 39 | 39 | 42 | 42 |
| Interest rate swaps designated as cash flow hedges | 9 | 9 | 8 | 8 |
| Cross currency interest rate swaps designated as cash flow hedges | 35 | 35 | - | - |
| Interest rate swaps and cross currency interest rate swaps held-for-trading | 480 | 480 | 15 | 15 |
| Subtotal (see Categories - Note 22 and Credit risk - Note 23)/Total fair value | 772 | 772 | 338 | 338 |
| Shares in subsidiaries | 120,488 | 110,342 | ||
| Receivables from subsidiaries | 111 | 119 | ||
| Investments in associated companies | 974 | 1,085 | ||
| Total other financial assets | 122,345 | 111,884 | ||
| of which interest-bearing | 767 | 338 | ||
| of which non-interest-bearing | 121,578 | 111,546 | ||
| 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 as of the balance sheet date. For more information on financial instruments by category and exposed to credit risk, see Notes 22 "Financial Assets and Liabilities by Category" and section "Credit risk management" in Note 23 "Financial Risk Management," respectively. Shareholdings and participations in subsidiaries are specified in Note 29 "Specification of Shareholdings and Participations," while information on associated companies and other holdings of equity securities is presented in "Notes to Consolidated Financial Statements" (Note 35). Conventional commercial terms apply for receivables from subsidiaries. | ||||
- Parent Company Income Statements
- Parent Company Balance Sheets
- Parent Company Cash Flow Statements
- Parent Company Statements of Changes in Shareholders' Equity
- 1 Basis of Preparation
- 2 Critical Accounting Policies, Estimates and Assumptions
- 3 Net Sales
- 4 Operating Expenses
- 5 Other Operating Income and Expenses
- 6 Related Party Transactions
- 7 Amortization, Depreciation and Impairment Losses
- 8 Financial Income and Expenses
- 9 Income Taxes
- 10 Goodwill and Other Intangible Assets
- 11 Property, Plant and Equipment
- 12 Other Financial Assets
- 13 Inventories
- 14 Trade and Other Receivables
- 15 Short-term Investments, Cash and Cash Equivalents
- 16 Shareholder's Equity
- 17 Provisions for Pensions and Employment Contracts
- 18 Other Provisions
- 19 Long-term and Short-term Borrowings
- 20 Long-term Liabilities
- 21 Short-term Provisions, Trade Payables and Other Current Liabilities
- 22 Financial Assets and Liabilities by Category
- 23 Financial Risk Management
- 24 Operating Lease Agreements
- 25 Contingencies, Other Contractual Obligations and Litigation
- 26 Cash Flow Information
- 27 Human Resources
- 28 Auditors' Fees and Services
- 29 Specification of Shareholdings and Participations