Annual Report 2007 - Financial StatementsNote 13 - Finance Costs and Other Financial Items
| Finance costs and other financial items were distributed as follows. | ||||||
| January-December | ||||||
| SEK in millions | 2007 | 2006 | ||||
| Finance costs | ||||||
| Interest expenses | -1,948 | -1,038 | ||||
| Interest expenses on finance leases | -5 | -8 | ||||
| Unwinding of provision discounts | -26 | -77 | ||||
| Capitalized interest | 17 | 29 | ||||
| Net exchange rate gains and losses | 226 | 45 | ||||
| Total finance costs | -1,736 | -1,049 | ||||
| Other financial items | ||||||
| Interest income | 736 | 576 | ||||
| Interest income on finance leases | 52 | 46 | ||||
| Dividends from financial investments | 0 | 1 | ||||
| Capital gains on financial investments available-for-sale | 49 | 191 | ||||
| Impairment losses on venture capital investments | -5 | -28 | ||||
| Total other financial items | 832 | 786 | ||||
| Net effect on income | -904 | -263 | ||||
| Details on interest expenses, net exchange rate gains and losses and interest income related to hedging activities, loan receivables and borrowings were as follows. | ||||||
| January-December | ||||||
| Interest expenses | Net exchange rate gains and losses | Interest income | ||||
| SEK in millions | 2007 | 2006 | 2007 | 2006 | 2007 | 2006 |
| Fair value hedge derivatives | -57 | 112 | 272 | -436 | - | - |
| Cash flow hedge derivatives | -46 | -29 | 145 | -162 | - | - |
| Derivatives held-for-trading | 97 | 1 | 192 | 30 | - | - |
| Held-to-maturity investments | - | - | - | - | 15 | - |
| Loans and receivables | - | - | - | - | 711 | 550 |
| Borrowings in a fair value hedge relationships | -611 | -533 | -272 | 436 | - | - |
| Borrowings at amortized cost | -1,284 | -536 | -111 | 177 | - | - |
| Other | -47 | -53 | 0 | - | 10 | 26 |
| Total | -1,948 | -1,038 | 226 | 45 | 736 | 576 |
| Borrowings at amortized cost include items in cash flow hedge relationships as well as unhedged items. | ||||||
- Consolidated Income Statements
- Consolidated Balance Sheets
- Consolidated Cash Flow Statements
- Consolidated Statements of Changes in Equity
- 1 Basis of Preparation
- 2 Critical Accounting Policies, Estimates and Assumptions
- 3 Consolidated Financial Statements
- 4 Significant Accounting Policies
- 5 Changes in Group Composition
- 6 Segment Information
- 7 Net Sales
- 8 Expenses by Nature
- 9 Other Operating Income and Expenses
- 10 Related Party Transactions
- 11 Amortization, Depreciation and Impairment Losses
- 12 Associated Companies and Joint Ventures
- 13 Finance Costs and Other Financial Items
- 14 Income Taxes
- 15 Goodwill and Other Intangible Assets
- 16 Property, Plant and Equipment
- 17 Other Non-current Assets
- 18 Inventories
- 19 Trade and Other Receivables
- 20 Interest-bearing Receivables, Cash and Cash Equivalents
- 21 Equity and Earnings per Share
- 22 Long-term and Short-Term Borrowings
- 23 Provisions for Pensions and Employment Contracts
- 24 Other Provisions
- 25 Other Long-term Liabilities
- 26 Trade Payables and Other Current Liabilities
- 27 Financial Assets and Liabilities by Category
- 28 Financial Risk Management
- 29 Leasing Agreements
- 30 Contingencies, Other Contractual Obligations and Litigation
- 31 Cash Flow Information
- 32 Human Resources
- 33 Auditors' Fees and Services
- 34 Business Combinations etc.
- 35 Specification of Shareholdings and Participations