Note 17 (Consolidated)
Other Non-current Assets

The total carrying and fair values of other non-current assets were distributed as follows.

	December 31,
	2008		2007
SEK in millions	Carrying value	Fair value	Carrying value	Fair value
Equity instruments available-for-sale	325	325	385	385
Equity instruments held-for-trading	76	76	51	51
Government bonds and treasury bills held-to-maturity	99	99	132	132
Loans and receivables at amortized cost	3,171	3,171	1,144	1,144
Interest rate swaps designated as fair value hedges	–	–	39	39
Interest rate swaps designated as cash flow hedges	691	691	9	9
Cross currency interest rate swaps designated as cash flow hedges	462	462	35	35
Interest rate swaps and cross currency interest rate swaps held-for-trading	3,173	3,173	480	480
Subtotal (see Categories – Note 27)	7,997	7,997	2,275	2,275
Finance lease receivables	938	938	677	677
Subtotal (see Credit risk – Note 28) /Total fair value	8,935	8,935	2,952	2,952
Equity instruments at cost	61		59
Deferred expenses	190		353
Total other non-current assets	9,186		3,364
of which interest-bearing	6,866		2,475
of which non-interest-bearing	2,320		889

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. As of December 31, 2008, contractual cash flows for Government bonds and treasury bills and Loans and receivables represented the following expected maturity dates.

Expected maturity SEK in millions	2010	2011	2012	2013	Later years	Total
Government bonds and treasury bills	34	23	–	32	10	99
Loans and receivables	2,090	451	10	153	467	3,171

For more information on financial instruments by category and exposed 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.”