C15. Other non-current assets

For other non-current assets, fair values equal carrying values. The total carrying values of other non-current assets were distributed as follows.

SEK in millions

Carrying value

Dec 31, 2016

Dec 31, 2015

Equity instruments available-for-sale

1,162

1,053

Equity instruments held-for-trading

26

35

Other derivatives held-for-trading

65

Bonds available-for-sale

10,185

8,841

Interest rate and cross currency interest rate swaps at fair value

4,453

4,742

of which designated as fair value hedges

1,039

1,153

of which held-for-trading

2,116

1,917

of which designated as cash flow hedges

1,298

1,671

Subtotal (see Fair value hierarchy levels – Note C25)

15,825

14,736

Government bonds and treasury bills held-to-maturity

9

29

Loans and receivables at amortized cost

2,997

2,549

Subtotal (see Categories – Note C25)

18,830

17,315

Finance lease receivables

712

546

Subtotal (see Credit risk – Note C26)

19,542

17,860

Equity instruments at cost

48

44

Deferred expenses

387

751

Total other non-current assets

19,976

18,655

of which interest-bearing

18,120

16,368

of which non-interest-bearing

1,856

2,287

For loans and receivables fair value is estimated at the present value of future cash flows discounted by applying market interest rates as of the end of the reporting period (fair value hierarchy level 2). As of December 31, 2016, contractual cash flows for Government bonds and treasury bills and Loans and receivables represented the following expected maturities.

Expected maturity, SEK in millions

2018

2019

2020

2021

Later years

Total

Government bonds and treasury bills

9

9

Loans and receivables

1,801

335

212

128

520

2,997

For more information on financial instruments by category/fair value hierarchy level and exposed to credit risk, see Note C25 “Financial assets and liabilities by category and level” and section “Credit risk management” in Note C26 “Financial risk management,” respectively. For information on leases, see Note C27 “Leasing agreements.”