
Annual Report 2007 - Financial StatementsNote 18 (Parent Company) - Other Provisions
| Changes in other provisions were as follows. | |||||
| December 31, 2007 | |||||
| SEK in millions | Payroll taxes for future pension payments | Restructuring provisions | Warranty provisions | Damages and court cases | Total |
| Opening balance | 70 | 250 | 160 | 240 | 720 |
| of which financial liabilities at amortized cost | - | - | 105 | - | 105 |
| Provisions for the period | - | 35 | 16 | - | 51 |
| Utilized provisions | -6 | -24 | -7 | - | -37 |
| Reversals of provisions | -4 | -24 | -41 | - | -69 |
| Reclassifications | - | -190 | - | - | -190 |
| Exchange rate differences | - | - | 5 | - | 5 |
| Closing balance | 60 | 47 | 133 | 240 | 480 |
| of which non-current portion | 44 | 1 | 131 | 230 | 406 |
| of which current portion | 16 | 46 | 2 | 10 | 74 |
| of which financial liabilities (see Categories - Note 22) | - | - | 78 | - | 78 |
| Provisions are discounted to present value, which equals fair value. Refer to Note 22 "Financial Assets and Liabilities by Category" for more information on financial instruments classified by category. As of December 31, 2007, contractual undiscounted cash flows for the financial liabilities represented the following expected maturities. | |||||
| Expected maturity, SEK in millions | Financial liablities | ||||
| 2008 | - | ||||
| 2009 | 72 | ||||
| 2010 | 8 | ||||
| Later years | - | ||||
| Total | 80 | ||||
| Warranty provisions include warranties, provisions for potential litigation and other provisions related to disposals and winding-up of group entities and associated companies. | |||||