Economic

Economic performance

G4-EC1

Direct economic value generated and distributed

For detailed financial information, see the consolidated financial statements.

Telia Company provides network access, telecommunications and other services to our customers, we buy equipment to develop our networks and IT systems, and we purchase mobile handsets and other consumer electronics from our suppliers. We pay salaries, dividends and taxes that benefit our employees, local communities and national economies. These actions all generate monetary flows affecting TeliaSonera’s stakeholders. For more information, see Our Company, section “How we create value.”

Tax is an important sustainability issue, with high expectations from stakeholders. Telia Company is a responsible tax payer, paying the amount of taxes legally due in any territory, in accordance with local legislation and international accepted principles. We promote the importance of transparency and fair, ethical tax practices.

The table below lays out corporate income tax payments by country.

Income taxes paid

SEK in millions

2016

2015

2014

Sweden

1,773

220

906

Finland

0

0

-2

Norway

12

264

159

Denmark

0

0

0

Lithuania

38

37

30

Latvia

27

23

28

Estonia

123

91

101

Russia

90

82

100

Turkey

4

438

0

Other countries1

11

68

193

Total, continuing operations

2,078

1,223

1,515

Kazakhstan

268

685

649

Azerbaijan

416

410

359

Uzbekistan

0

6

12

Tajikistan

73

136

123

Georgia

-10

0

24

Moldova

0

0

0

Nepal

453

661

492

Other countries2

97

45

4

Total, discontinued operations

1,297

1,943

1,663

Total

3,375

3,166

3,178

1) Telia Carrier outside above countries.
2) 4 countries.

Omission: we are unable to accurately report value generated and distributed for all stakeholder groups. As we gain a better understanding of the financial and social impact of our services we aim to improve this reporting.

 

G4-EC2

Financial implications and other risks and opportunities due to climate change

See Directors' Report, section “Risks and uncertainties.” For additional information, see our Carbon Disclosure Project Climate Change Response at www.cdp.net.

 

Indirect economic impacts

G4-EC8

Significant indirect economic impacts

See Our Company, section “How we create value.

Omission: we are unable to accurately quantify or report on our indirect economic impacts.