The total carrying and fair values of other non-current assets were distributed as follows.
December 31, 2007December 31, 2006
SEK in millionsCarrying valueFair valueCarrying valueFair value
Equity instruments available-for-sale385385167167
Equity instruments held-for-trading51516565
Government bonds and treasury bills held-to-maturity132132211211
Loans and receivables at amortized cost1,1441,1442,5712,571
Interest rate swaps designated as fair value hedges39394242
Interest rate swaps designated as cash flow hedges9988
Cross currency interest rate swaps designated as cash flow hedges3535--
Interest rate swaps and cross currency interest rate swaps held-for-trading4804801616
Subtotal (see Catagories - Note 27)2,2752,2753,0803,080
Finance lease receivables677677499499
Subtotal (see Credit risk - Note 28)/Total fair value2,9522,9523,5793,579
Equity instruments at cost59
60
Deferred expenses353
476
Total other non-current assets3,364
4,115
of which interest-bearing2,475
3,350
of which non-interest-bearing889
765




In 2007, payments from previous and existing minority shareholders in Xfera Móviles S.A. reduced its interest-bearing spectrum fee receivable with SEK 1,538 million. 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 ex-posed to credit risk, see Notes 27 "Financial Assets and Liabilities by Category" and 28 "Financial Risk Management," respectively. Equity instruments are specified in Note 35 "Specification of Shareholdings and Participations." For information on leases, see Note 29 "Leasing Agreements."