TeliaSonera
TeliaSonera Annual Report 2008 - Financial Statements

Note 15 (Parent company)
Shareholders' Equity

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Share capital and treasury shares

See “Notes to Consolidated Financial Statements” (corresponding sections in Note 21).

Revaluation reserve

The revaluation reserve changed as follows.


December 31,
SEK in millions 2008 2007
Carrying value, opening balance 1,941 2,443
Sale of assets to the subsidiary TeliaSonera Skanova Access AB -1,927
Depreciation -11 -502
Carrying value, closing balance 3 1,941

Fair value reserve

The fair value reserve changed as follows.


December 31,

2008 2007
SEK in millions Securities Derivatives Securities Derivatives
Carrying value, opening balance 129 0 124 -35
Net changes in fair value -98 -348 5 -13
Transferred to interest expenses in the income statement 18 62
Tax effect 87 -14
Carrying value, closing balance 31 -243 129 0

No transfer necessitated adjustment of the cost of acquisition.