Short-term provisions, trade payables and other current liabilities were distributed as follows.
|
|
December 31, | |
|---|---|---|
| SEK in millions | 2008 | 2007 |
| Accounts payable at amortized cost | 1,223 | 2,069 |
| Currency swaps, forward exchange contracts and currency options held-for-trading | 338 | 1 |
| Current liabilities to associated companies at amortized cost | 31 | 38 |
| Current liabilities at amortized cost | 762 | 934 |
| Subtotal (see Categories – Note 21) | 2,354 | 3,042 |
| Liabilities to subsidiaries | 680 | 1,499 |
| Other current liabilities | 244 | 451 |
| Deferred income | 487 | 860 |
| Total short-term provisions, trade payables and other current liabilities | 3,765 | 5,852 |
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. For additional information on financial instruments classified by category and on liquidity risks, refer to Note 21 “Financial Assets and Liabilities by Category” and section “Liquidity risk management” in Note 22 “Financial Risk Management.”
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 charges for network capacity. Conventional commercial terms apply for trading with subsidiaries.