TeliaSonera
TeliaSonera Annual Report 2008 - Financial Statements

Note 16 (Consolidated)
Property, Plant and Equipment

Listen to page
 

The carrying value was distributed and changed as follows.


December 31,

2008 2007 2008 2007 2008 2007 2008 2007 2008 2007



Plant and machinery



SEK in millions Property Mobile networks Fixed networks Equipment, tools and installations Total
Accumulated cost 9,048 7,542 58,333 47,386 127,983 119,656 8,592 7,434 203,956 182,018
Accumulated depreciation -3,831 -3,078 -33,630 -28,154 -84,314 -77,482 -6,026 -5,514 -127,801 -114,228
Accumulated impairment losses -509 -426 -405 -384 -13,544 -14,644 -257 -246 -14,715 -15,700
Advances 24 506 486 1 1 506 512
Carrying value 4,708 4,062 24,804 19,334 30,125 27,531 2,309 1,675 61,946 52,602
of which assets under construction 3,753 3,033 1,792 2,087 5,545 5,120
Carrying value, opening balance 4,062 4,095 19,334 16,043 27,531 26,652 1,675 1,405 52,602 48,195
Investments 415 155 6,805 5,895 5,012 4,914 905 709 13,137 11,673
of which capitalized interest 1 10 2 17 5 1 29 7
Sales and disposals -18 -20 -116 -49 -3 -57 -18 -35 -155 -161
Dismantling and restoration 2 29 418 53 420 82
Operations acquired 59 125 68 326 355 83 55 534 537
Operations divested -2 -46 -20 -2 -66
Grants received -5 -5
Reclassifications 90 -33 -191 148 -235 -463 492 251 156 -97
Depreciation for the year -324 -318 -4,178 -3,580 -4,035 -4,164 -889 -738 -9,426 -8,800
Impairment losses/reversed losses for the year -11 -17 -19 -100 -214 -7 -5 -135 -238
Advances -24 -4 20 385 -1 -2 -1 -9 -6 370
Exchange rate differences 518 128 3,020 414 1,219 503 69 62 4,826 1,107
Carrying value, closing balance 4,708 4,062 24,804 19,334 30,125 27,531 2,309 1,675 61,946 52,602

Property

TeliaSonera's real estate holdings include some 4,000 properties, mainly in Sweden and Finland. The substantial majority is used solely for technical facilities, like network installations, computer installations, research centers and service outlets.

The Group's Swedish properties have been assessed for tax purposes at the following values.


December 31,
SEK in millions 2008 2007
Buildings 308 289
Land and land improvements 70 56
Tax-assessed value 378 345

At the 2008 property assessment for tax purposes, a number of properties were assessed for the first time, while others had their assessments adjusted. Some tax-assessed properties were sold or disposed of in 2008.