Other comprehensive income was distributed as follows.

 

SEK in millions

Equity component

Jan–Dec 2016

Jan–Dec 2015

Other comprehensive income that may be reclassified to net income

     

Foreign currency translation differences

     

Translation of foreign operations, continuing operations

Foreign currency translation reserve

4,293

-9,277

Translation of foreign operations, discontinued operations

Foreign currency translation reserve

555

-4,081

Translation of foreign non-controlling interests, continuing operations

Non-controlling interests

48

-36

Translation of foreign non-controlling interests, discontinued operations

Non-controlling interests

313

-1,396

Hedging of foreign operations

Foreign currency translation reserve

-3,039

2,445

Income tax effect

Foreign currency translation reserve

669

-538

Total foreign currency translation differences

 

2,839

-12,884

of which attributable to non-controlling interests

 

361

-1,433

Income from associated companies

     

Net changes in fair value of cash flow hedges

Hedging reserve

0

1

Translation of foreign operations

Foreign currency translation reserve

-340

-3

Total income from associated companies

 

-340

-2

Cash flow hedges

     

Net changes in fair value

Hedging reserve

214

621

Transferred to finance costs in net income

Hedging reserve

-343

-7

Income tax effect

Hedging reserve

28

-135

Total cash flow hedges

 

-101

479

Available-for-sale financial instruments

     

Net changes in fair value

Fair value reserve

134

-2

Disposals transferred to other financial items in net income

Fair value reserve

Income tax effect

Fair value reserve

-29

6

Total available-for-sale financial instruments

 

105

4

Total other comprehensive income that may be reclassified to net income

 

2,504

-12,404

of which total income tax effects (see also Note C10)

 

668

-667

of which attributable to non-controlling interests

 

362

-1,433

       

Other comprehensive income that will not be reclassified to net income

     

Remeasurements of defined benefit pension plans

Retained earnings

-1,297

4,322

Income tax relating to items that will not be reclassified

Retained earnings

276

-922

Associates’ remeasurements of defined benefit pension plans

Retained earnings

-20

6

Total other comprehensive income that will not be
reclassified to net income

 

-1,042

3,407

of which total income tax effects (see also Note C10)

 

276

-922

       

Total other comprehensive income

 

1,463

-8,997

of which attributable to non-controlling interest, continuing operations

 

48

-36

of which attributable to non-controlling interest, discontinued operations

 

313

-1,396

The hedging reserve comprises gains and losses on derivatives hedging interest rate and foreign currency exposure, with a net effect in equity of SEK -100 million as of December 31, 2016, and SEK 479 million as of December 31, 2015. Future gains or losses will affect net income in 2017, 2018, 2019 and later, when the hedged items mature. See also section “Financial instruments” in Note C3 “Signi­ficant accounting policies.” See Note C21 “Provisions for pensions and employment contracts” for details of “Remeasure­ments of defined benefit pension plans.”