Other long-term non-interest-bearing liabilities were distributed as follows.
|
|
December 31, | |
|---|---|---|
| SEK millions | 2008 | 2007 |
| Long-term trade payables at amortized cost | 175 | 223 |
| Danish 3G license fee liability at amortized cost | 193 | 244 |
| Azercell share purchase consideration at amortized cost | 541 | – |
| Other liabilities at amortized cost | 261 | – |
| Liabilities at amortized cost (see Categories – Note 27) | 1,170 | 467 |
| Prepaid operating lease agreements | 449 | 800 |
| Other liabilities | 946 | 1,099 |
| Total other long-term liabilities | 2,565 | 2,366 |
For liabilities at amortized cost, the carrying value equals fair value as the amounts are discounted to present value using market interest rates. Refer to Note 27 “Financial Assets and Liabilities by Category” for more information on financial instruments classified by category and to Note 28 “Financial Risk Management” on management of liquidity risks. As of December 31, 2008, contractual undiscounted cash flows for liabilities at amortized cost represented the following expected maturities.
|
Expected maturity SEK in millions |
2010 | 2011 | 2012 | 2013 | 2014 | Later years | Total | Carrying value |
|---|---|---|---|---|---|---|---|---|
| Liabilities at amortized cost | 414 | 396 | 20 | 16 | 16 | 330 | 1,192 | 1,170 |
For information on leases, see Note 29 “Leasing Agreements.” Other liabilities mainly comprise customer advances for broadband build-out. Further included was deferred “day 1 gains” which changed as follows.
|
|
December 31, | |
|---|---|---|
| SEK millions | 2008 | 2007 |
| Opening balance | 209 | – |
| Additional gains | 56 | 209 |
| Recognized in the income statement | -13 | – |
| Exchange rate differences | 38 | – |
| Closing balance | 290 | 209 |
| of which current portion | 98 | 16 |