C23. Other long-term liabilities
Other long-term non-interest-bearing liabilities were distributed as follows.
|
SEK in millions |
Dec 31, 2016 |
Dec 31, 2015 |
|
Danish license fee liabilities at amortized cost |
42 |
78 |
|
Finnish license fee liabilities at amortized cost |
162 |
48 |
|
Other liabilities at amortized cost |
51 |
37 |
|
Liabilities at amortized cost (see Categories – Note C25) |
255 |
163 |
|
Prepaid operating lease agreements |
297 |
332 |
|
Other liabilities |
172 |
207 |
|
Total other long-term liabilities |
725 |
702 |
For liabilities at amortized cost, the carrying value approximates fair value as the impact of discounting using market interest rates at the end of the reporting period was insignificant. Refer to Note C25 “Financial assets and liabilities by category and level” for more information on financial instruments classified by category and to Note C26 “Financial risk management” on management of liquidity risk.
As of December 31, 2016, contractual undiscounted cash flows for liabilities at amortized cost represented the following expected maturities.
|
Expected maturity |
2018 |
2019 |
2020 |
2021 |
Later years |
Total |
Carrying value |
|
Liabilities at amortized cost |
108 |
54 |
51 |
48 |
11 |
271 |
255 |
For information on leases, see Note C27 “Leasing agreements.” Other liabilities mainly comprise customer advances for broadband build-out. Further included was deferred “day 1 gains” which changed as follows.
|
SEK in millions |
Dec 31, 2016 |
Dec 31, 2015 |
|
Opening balance |
46 |
73 |
|
Operations divested |
-36 |
– |
|
Recognized in net income |
-14 |
-19 |
|
Exchange rate differences |
4 |
-8 |
|
Closing balance |
– |
46 |
|
of which current portion |
– |
19 |