C24. Trade payables and other current liabilities
Trade payables and other current liabilities were distributed as follows.
|
SEK in millions |
Dec 31, 2016 |
Dec 31, 2015 |
|
Currency swaps, forward exchange contracts and currency options held-for-trading |
694 |
101 |
|
Subtotal (see Fair value hierarchy levels – Note C25) |
694 |
101 |
|
Accounts payable at amortized cost |
6,610 |
8,685 |
|
Current liabilities at amortized cost |
2,170 |
2,296 |
|
Subtotal (see Categories – Note C25) |
9,474 |
11,082 |
|
Other current liabilities |
4,815 |
5,941 |
|
Deferred income |
3,911 |
3,751 |
|
Total trade payables and other current liabilities |
18,200 |
20,774 |
For accounts payable and current liabilities, the carrying value equals fair value as the impact of discounting is insignificant. Refer to Note C25 “Financial assets and liabilities by category and level” for more information on financial instruments classified by category/fair value hierarchy level and to Note C26 “Financial risk management” on management of liquidity risk.
As of December 31, 2016, contractual cash flows for liabilities at amortized cost represented the following expected maturities.
|
Expected maturity |
Jan–Mar 2017 |
Apr–Jun 2017 |
Jul–Sep 2017 |
Oct–Dec 2017 |
Total |
|
Liabilities at amortized cost |
8,370 |
69 |
68 |
273 |
8,780 |
Corresponding information for currency derivatives held-for-trading are presented in section “Liquidity risk management” to Note C26 “Financial risk management.”
The main components of current liabilities are accrued payables to suppliers and accrued interconnect and roaming charges, while other current liabilities mainly entail value-added tax, advances from customers and accruals of payroll expenses and social security contributions.
Deferred income mainly relate to subscription and other telecom charges.