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.”