
Annual Report 2007 - Financial StatementsConsolidated Balance Sheets
| December 31, | |||
| SEK in millions | Note | 2007 | 2006 |
| Assets | |||
| Goodwill | 15 | 71,172 | 62,638 |
| Mobility Services | 54,883 | 50,639 | |
| Broadband Services | 12,003 | 10,981 | |
| Integrated Enterprise Services | 398 | 58 | |
| Eurasia | 3,777 | 873 | |
| Other operations | 111 | 87 | |
| Total goodwill | 71,172 | 62,638 | |
| Other intangible assets | 15 | 12,737 | 11,534 |
| Trade names | 398 | 594 | |
| Licenses | 3,903 | 2,729 | |
| Customer relationships | 4,694 | 3,306 | |
| Administrative software systems | 1,584 | 1,572 | |
| Patents, etc. | 1,324 | 2,465 | |
| Leaseholds, etc. | 117 | 322 | |
| Work in progress, advances | 717 | 546 | |
| Total other intangible assets | 12,737 | 11,534 | |
| Property, plant and equipment | 16 | 52,602 | 48,195 |
| Property | 4,062 | 4,095 | |
| Plant and machinery, Mobile networks | 19,334 | 16,043 | |
| Plant and machinery, Fixed networks | 27,531 | 26,652 | |
| Equipment, tools and installations | 1,675 | 1,405 | |
| Total property, plant and equipment | 52,602 | 48,195 | |
| Investments in associated companies and joint ventures | 6, 12 | 33,065 | 25,536 |
| Mobility Services | 274 | 425 | |
| Broadband Services | 885 | 755 | |
| Integrated Enterprise Services | - | - | |
| Eurasia | 31,572 | 23 202 | |
| Other operations | 334 | 1 154 | |
| Eliminations | - | - | |
| Total investments in associated companies and joint ventures | 33,065 | 25,536 | |
| Deferred tax assets | 14 | 12,017 | 12,054 |
| Unrealized gain, associated companies | 48 | 48 | |
| Delayed depreciation, impairment losses and fair value adjustments, other non-current assets | 5,782 | 5,403 | |
| Delayed expenses for provisions | 255 | 549 | |
| Doubtful current receivables | 191 | 31 | |
| Tax loss carry-forwards | 9,481 | 12,717 | |
| Delayed depreciation, other non-current assets | -132 | -129 | |
| Tax loss carry-forwards | -2,918 | -2,973 | |
| Off-set deferred tax liabilities/assets | -690 | -3,592 | |
| Total deferred tax assets | 12,017 | 12,054 | |
| Pension obligation assets | 23 | 187 | 121 |
| Other non-current assets | 17 | 3,364 | 4,115 |
| Equity instruments available-for-sale | 495 | 292 | |
| Government bonds and treasury bills held-to-maturity | 132 | 211 | |
| Loans and receivables at amortized cost | 1,397 | 2,571 | |
| Derivatives at fair value | 563 | 66 | |
| Finance lease receivables | 424 | 499 | |
| Deferred expenses | 353 | 476 | |
| Total other non-current assets | 3,364 | 4,115 | |
| Total non-current assets | 185,144 | 164,193 | |
| Inventories | 18 | 1,168 | 997 |
| Goods for resale | 952 | 776 | |
| Other inventories and expense incurred on construction contracts | 216 | 221 | |
| Total inventories | 1,168 | 997 | |
| Trade and other receivables | 19 | 20,787 | 20,427 |
| Invoiced receivables | 13,771 | 12,664 | |
| Allowance for doubtful receivables | -729 | -791 | |
| Currency swaps and forward exchange contracts designated as hedging instruments | - | 48 | |
| Currency swaps and forward exchange contracts held-for-trading | 141 | - | |
| Loans and receivables at amortized cost | 5,162 | 6,540 | |
| Other current receivables | 1,283 | 775 | |
| Deferred expenses | 1,159 | 1,191 | |
| Total trade and other receivables | 20,787 | 20,427 | |
| Current tax receivables | 94 | 204 | |
| Interest-bearing receivables | 20 | 1,701 | 1,958 |
| Loans and receivables at amortized cost | 385 | 568 | |
| Finance lease receivables | 257 | 221 | |
| Short-term investments with maturities over three months | 1,059 | 1,169 | |
| Total interest-bearing receivables | 1,701 | 1,958 | |
| Cash and cash equivalents | 20 | 7,802 | 11,603 |
| Short-term investments with maturities up to and including three months | 2,261 | 6,617 | |
| Cash and bank | 5,541 | 4,986 | |
| Total cash and cash equivalents | 7,802 | 11,603 | |
| Total current assets | 31,552 | 35,189 | |
| Non-current assets held-for-sale | 6 | 10 | |
| Total assets | 216,702 | 199,392 | |
| Equity and liabilities | |||
| Shareholders' equity | 117,274 | 119,217 | |
| Minority interests in equity | 9,783 | 8,500 | |
| Total equity | 127,057 | 127,717 | |
| Long-term borrowings | 22 | 41,030 | 24,311 |
| Open-market financing program borrowings | 39,993 | 22,315 | |
| Other borrowings at amortized cost | 699 | 990 | |
| Interest rate swaps designated as hedging instruments | 191 | 470 | |
| Cross currency interest rate swaps held-for-trading | 74 | 438 | |
| Finance lease agreements | 73 | 98 | |
| Total long-term borrowings | 41,030 | 24,311 | |
| Deferred tax liabilities | 14 | 9,577 | 10,121 |
| Withholding taxes and impairment losses, associated companies | 1,322 | 3,399 | |
| Accelerated depreciation and fair value adjustments, other non-current assets | 6,094 | 7,607 | |
| Fair value adjustments, provisions | 653 | 1,228 | |
| Delayed revenue recognition, current receivables | 52 | 159 | |
| Profit equalization reserves | 2,146 | 1,320 | |
| Off-set deferred tax assets/liabilities | -690 | -3,592 | |
| Total deferred tax liabilities | 9,577 | 10,121 | |
| Provisions for pensions and employment contracts | 23 | 416 | 39 |
| Other long-term provisions | 24 | 6,755 | 4,475 |
| Other long-term liabilities | 25 | 2,366 | 2,382 |
| Long-term trade payables at amortized cost | 223 | 203 | |
| Danish 3G license fee liability at amortized cost | 244 | 303 | |
| Prepaid operating lease agreements | 800 | 907 | |
| Other liabilities | 1,099 | 969 | |
| Total other long-term liabilities | 2,366 | 2,382 | |
| Total non-current liabilities | 60,144 | 41,328 | |
| Short-term borrowings | 22 | 2,549 | 3,418 |
| Utilized bank overdraft facilities at amortized cost | 5 | 33 | |
| Open-market financing program borrowings | 1,444 | 800 | |
| Other borrowings at amortized cost | 1,045 | 2,487 | |
| Interest rate swaps designated as hedging instruments | - | 8 | |
| Finance lease agreements | 55 | 90 | |
| Total short-term borrowings | 2,549 | 3,418 | |
| Short-term provisions | 24 | 137 | 836 |
| Current tax payables | 2,212 | 1,741 | |
| Trade payables and other current liabilities | 26 | 24,603 | 24,352 |
| Accounts payable at amortized cost | 9,600 | 9,077 | |
| Currency options held-for trading | 1 | - | |
| Currency swaps and forward exchange contracts held-for-trading | - | 17 | |
| Current liabilities at amortized cost | 4,855 | 4,514 | |
| Other current liabilities | 5,895 | 6,993 | |
| Deferred income | 4,252 | 3,751 | |
| Total trade payables and other current liabilities | 24,603 | 24,352 | |
| Total current liabilities | 29,501 | 30,347 | |
| Total equity and liabilities | 216,702 | 199,392 | |
| Contingent assets | 30 | - | - |
| Collateral pledged | 30 | 1,352 | 1,403 |
| Unrecognized guarantees | 30 | 2,146 | 2,058 |