P11. Trade and other receivables

The carrying value of trade and other receivables were distributed as follows.

SEK in millions

Dec 31, 2016

Dec 31, 2015

Interest rate and cross currency interest rate swaps designated as fair value hedges

301

Currency swaps and forward exchange contracts held for trading

942

1,154

Subtotal (see Fair value hierarchy levels – Note P19)

1,243

1,154

Accounts receivable at amortized cost

2

Loans and receivables at amortized cost

0

2

Subtotal (see Categories – Note P19 and Credit risk – Note P20)

1,243

1,159

Receivables from subsidiaries

33,407

40,375

of which cash-pool balances and short-term deposits

25,234

32,325

of which trade and other receivables

8,173

8,050

Other current receivables

369

182

Deferred expenses

25

24

Total trade and other receivables

35,043

41,740

of which interest-bearing

26,197

33,101

of which non-interest-bearing

8,846

8,639

 For Accounts receivable and Loans and receivables, the carrying values equal fair value as the impact of discounting is insignificant. For Accounts receivable and Loans and receivables (including receivables from associated companies and joint ventures), at the end of the reporting period, concentration of credit risk by geographical area and by customer segment was as follows.

SEK in millions

Dec 31, 2016

Dec 31, 2015

Geographical area

   

Other countries

4

Total carrying value

4

Customer segment

   

Other customers

0

4

Total carrying value

0

4

For more information on financial instruments by category/fair value hierarchy level and exposed to credit risk, refer to Note P19 “Financial assets and liabilities by category and level” and section “Credit risk management” in Note P20 “Financial risk management,” respectively. Conventional commercial terms apply for receivables from subsidiaries.

As of the end of the reporting period, allowance for doubtful and ageing of Accounts receivable, respectively, were as follows.

SEK in millions

Dec 31, 2016

Dec 31, 2015

Accounts receivable invoiced

2

Allowance for doubtful accounts receivable

Total accounts receivable

2

Accounts receivable not due

1

Accounts receivable past due but not impaired

1

of which 30–180 days

0

of which more than 180 days

1

Total accounts receivable

2

As of the end of the reporting period, ageing of Loans and receivables (including receivables from associated companies) were as follows.

SEK in millions

Dec 31, 2016

Dec 31, 2015

Loans and receivables not due

2

Total loans and receivables

2

There were no bad debt expenses and no recovered accounts receivable in 2016 and in 2015.