P5. Finance income and finance costs

Finance income and finance costs were distributed as follows.

SEK in millions

Jan–Dec 2016

Jan–Dec 2015

Finance income

   

Dividends from subsidiaries

21,796

7,917

Capital gains from subsidiaries

152

1

Dividends from associated companies

0

0

Interest from subsidiaries

400

546

Other interest income

75

226

Changes in fair value of held for trading investments

10

Exchange rate gains

255

2,524

Interest to subsidiaries

10

Dividens from equity holdings

6

Total finance income

22,684

11,234

Finance costs

   

Impairment losses from subsidiaries

-2,671

-207

Capital losses from subsidiaries

-25

-

Capital losses from associated companies

-15

-50

Impairment losses from other financial investments

-202

-13

Other interest expenses

-2,611

-3,043

Interest component of pension expenses

-18

-16

Exchange rate losses

-2,930

-23

Other financial expenses

-118

Total finance costs

-8,472

-3,470

Net effect on income

14,212

7,764

Details on other interest expenses, net exchange rate gains and losses and other interest income related to hedging activities, loan receivables, bonds and borrowings were as follows.

SEK in millions

Jan–Dec 2016

Jan–Dec 2015

Jan–Dec 2016

Jan–Dec 2015

Jan–Dec 2016

Jan–Dec 2015

Other interest expenses

Net exchange rate
gains and losses

Other interest income

Fair value hedge derivatives

387

-1,648

119

6

Cash flow hedge derivatives

10

-34

-457

96

Derivatives held-for-trading

695

1,117

125

-45

Loans and receivables

1,379

-1,129

14

179

Bonds available-for-sale

61

47

Borrowings in fair value hedge relationships

-1,415

-1,450

-3,190

1,991

Borrowings and other financial liabilities at amortized cost

-2,201

-965

-652

1,582

Other

-87

-63

0

Total

-2,611

-3,043

-2,675

2,501

75

226

Borrowings at amortized cost include items in cash flow hedge relationships as well as unhedged items.