Trade payables and other current liabilities were distributed as follows.
|
|
December 31, | |
|---|---|---|
| SEK millions | 2008 | 2007 |
| Accounts payable at amortized cost | 9,401 | 9,600 |
| Currency swaps, forward exchange contracts and currency options held-for-trading | 338 | 1 |
| Current liabilities at amortized cost | 5,603 | 4,855 |
| Subtotal (see Categories – Note 27) | 15,342 | 14,456 |
| Other current liabilities | 7,629 | 5,895 |
| Deferred income | 4,806 | 4,252 |
| Total trade payables and other current liabilities | 27,777 | 24,603 |
For Accounts payable and Current liabilities, the carrying value equals fair value as the impact of discounting is insignificant. The remaining contractual maturity is mainly less than 3 months. 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.
The main components of Current liabilities are accrued payables to suppliers and accrued interconnect and roaming charges, while Other current liabilities mainly entail value-added tax, advances from customers and accruals of payroll expenses and social security contributions. Deferred income chiefly relate to subscription and other telecom charges. Included is also the current portion of deferred “day 1 gains” (refer to Note 25 “Other Long-term Liabilities”).