P18. Short-term provisions, trade payables and other current liabilities

Short-term provisions, 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 P19)

694

101

Accounts payable at amortized cost

86

132

Current liabilities at amortized cost

7

75

Subtotal (see Categories – Note P19)

788

308

Liabilities to subsidiaries

497

551

Other current liabilities

13,450

567

Total short-term provisions, trade payables
and other current liabilities

14,735

1,425

For Accounts payable and Current liabilities, the carrying value equals fair value as the impact of discounting is insignificant. Other current liabilities mainly comprises of the provision for settlement amount proposed by the US and Dutch authorities, for more information see Note C34. For additional information on financial instruments classified by category/fair value hierarchy level and on liquidity risks, refer to Note P19 “Financial assets and liabilities by category and level” and section “Liquidity risk management” in Note P20 “Financial risk management.” 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

94

0

0

0

94

Corresponding information for currency derivatives held-for-trading is presented in section “Liquidity risk management” to Note P20 “Financial risk management.”

Conventional commercial terms apply for trading with subsidiaries.