General
For general information on financial risk management relevant to TeliaSonera AB, see "Notes to Consolidated Financial Statements" (Note 28).
Liquidity risk management
As of December 31, 2007, contractual undiscounted cash flows for interest-bearing borrowings represented the following expected maturities, including estimated interest payments. The balances due within 12 months equal their carrying values as the impact of discounting is insignificant. Corresponding information on non-interest-bearing liabilities are presented in Note 21 "Short-term Provisions, Trade Payables and Other Current Liabilities."
Expected maturity, SEK in millions20082009201020112012Later
years		Total
Open-market financing program borrowings3,1254,3825,8763,8116,41925,94249,555
Other borrowings816-----816
Currency swaps and forward exchange contracts






Payables64,0152----64,017
Receivables-63,993-2-----63,995
Cross currency interest rate swaps and interest rate swaps






Payables1,8771,9174,1422,9356,56713,37330,811
Receivables-1,712-1,747-4,070-2,713-6,580-13,602-30,424
Total, net4,1284,5525,9484,0336,40625,71350,780
For additional information on liquidity risk management relevant to TeliaSonera AB, see "Notes to Consolidated Financial Statements" (corresponding section in Note 28).
Credit risk management
TeliaSonera AB's exposure to credit risk arises from default of the counterparty, with a maximum exposure equal to the carrying amount of these instruments (excluding receivables from subsidiaries), as follows.


December 31,


SEK in millions

20072006


Other financial assets (Note 12)

772338


Trade and other receivables (Note 14)

1,8902,322


Short-term investments, cash and cash equivalents (Note 15)

2,7907,593


Total

5,45210,253


For additional information on credit risk management relevant to TeliaSonera AB, see "Notes to Consolidated Financial Statements" (corresponding section in Note 28).