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
SEK in millions

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.