Adjustment items

Adjustment items affecting operating income in continuing operations totaled SEK -1,378 million (3,967) and were mainly related to capital gains/losses related to the disposals of Sergel, MegaFon and Turkcell shares, as well as write-downs and restructuring charges. 2016 was mainly impacted by the disposal of Yoigo in Spain. For definition of adjustment items see section Definitions.

Adjustment items

SEK in millions

Jan–Dec 
2017

Jan–Dec 
2016

Within EBITDA

368

3,977

Restructuring charges, synergy implementation costs, costs related to historical legal disputes, regulatory charges and taxes etc.:

   

Sweden

-268

-362

Finland

-84

-52

Norway

-143

-42

Denmark

-72

-29

Lithuania

-29

-52

Estonia

-23

-20

Other operations

-229

-128

Capital gains/losses1

1,215

4,662

Within Depreciation, amortization and impairment losses

-803

Within Income from associated companies and joint ventures

-942

-10

Capital gains/losses2

-942

-10

Total adjustment items within operating income, continuing operations

-1,378

3,967

1) 2017 includes the capital gain of the disposal of Sergel. 2016 includes the disposal of Yoigo in Spain.

2) 2017 includes the capital gain from disposal of 6.2 percent holding in MegaFon and the the capital losses (including cumulative exchange loss in equity reclassified to net income) from the disposals of 14.0 percent holding in Turkcell.

Adjusted EBITDA

SEK in millions

Jan-Dec

2017

Jan-Dec

2016

Change 
(SEK million)

Change 
(%), total

Sweden

13,749

14,455

-706

-4.9

Finland

4,232

4,059

173

4.3

Norway

3,520

3,125

395

12.6

Denmark

691

692

-2

-0.2

Lithuania

1,227

1,139

88

7.7

Estonia

871

811

61

7.5

Other operations

1,149

1,555

-406

-26.1

Telia Carrier

491

498

-7

-1.4

Latvia

609

580

30

5.1

Spain

0

630

-630

-100.0

Other

48

-153

201

 

Eliminations

0

0

0

0.0

Total, continuing operations

25,438

25,836

-398

-1.5

Adjusted Operating income

SEK in millions

Jan-Dec

2017

Jan-Dec

2016

Change 
(SEK million)

Change 
(%), total

Sweden

8,698

9,569

-871

-9.1

Finland

2,087

2,086

1

0.1

Norway

1,991

1,611

380

23.6

Denmark

-65

-58

-7

12.7

Lithuania

664

583

81

13.9

Estonia

360

309

50

16.3

Other operations

1,333

3,022

-1,689

-55.9

Eliminations

0

0

0

0.0

Total, continuing operations

15,069

17,123

-2,055

-12.0