Short-term investments
No short-term investments as of December 31, 2008 or 2007 had maturities over 3 months.
Cash and cash equivalents
Short-term investments with maturities up to and including 3 months are combined with Cash and bank to produce the item Cash and cash equivalents, as follows.
|
|
December 31, | |
|---|---|---|
| SEK in millions | 2008 | 2007 |
| Short-term investments with maturities up to and including 3 months | 4,730 | 1,611 |
| of which commercial papers held-to-maturity | – | 1,189 |
| of which bank deposits at amortized cost | 4,730 | 422 |
| Cash and bank | 1,472 | 1,179 |
| Total (see Categories – Note 21 and Credit risk – Note 22) | 6,202 | 2,790 |
The carrying values are assumed to approximate fair values as the risk of changes in value is insignificant. For more information on financial instruments by category and exposed to credit risk, refer to Note 21 “Financial Assets and Liabilities by Category” and section “Credit risk management” in Note 22 “Financial Risk Management,” respectively, and to Note 24 “Contingencies, Other Contractual Obligations and Litigation” for information on blocked funds in bank accounts.