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.”