Economic
Economic performance
G4-EC1 |
Direct economic value generated and distributed |
For detailed financial information, see the consolidated financial statements.
Telia Company provides network access, telecommunications and other services to our customers, we buy equipment to develop our networks and IT systems, and we purchase mobile handsets and other consumer electronics from our suppliers. We pay salaries, dividends and taxes that benefit our employees, local communities and national economies. These actions all generate monetary flows affecting TeliaSonera’s stakeholders. For more information, see Our Company, section “How we create value.”
Tax is an important sustainability issue, with high expectations from stakeholders. Telia Company is a responsible tax payer, paying the amount of taxes legally due in any territory, in accordance with local legislation and international accepted principles. We promote the importance of transparency and fair, ethical tax practices.
The table below lays out corporate income tax payments by country.
Income taxes paid SEK in millions |
2016 |
2015 |
2014 |
Sweden |
1,773 |
220 |
906 |
Finland |
0 |
0 |
-2 |
Norway |
12 |
264 |
159 |
Denmark |
0 |
0 |
0 |
Lithuania |
38 |
37 |
30 |
Latvia |
27 |
23 |
28 |
Estonia |
123 |
91 |
101 |
Russia |
90 |
82 |
100 |
Turkey |
4 |
438 |
0 |
Other countries1 |
11 |
68 |
193 |
Total, continuing operations |
2,078 |
1,223 |
1,515 |
Kazakhstan |
268 |
685 |
649 |
Azerbaijan |
416 |
410 |
359 |
Uzbekistan |
0 |
6 |
12 |
Tajikistan |
73 |
136 |
123 |
Georgia |
-10 |
0 |
24 |
Moldova |
0 |
0 |
0 |
Nepal |
453 |
661 |
492 |
Other countries2 |
97 |
45 |
4 |
Total, discontinued operations |
1,297 |
1,943 |
1,663 |
Total |
3,375 |
3,166 |
3,178 |
1) Telia Carrier outside above countries.
2) 4 countries.
Omission: we are unable to accurately report value generated and distributed for all stakeholder groups. As we gain a better understanding of the financial and social impact of our services we aim to improve this reporting.
G4-EC2 |
Financial implications and other risks and opportunities due to climate change |
See Directors' Report, section “Risks and uncertainties.” For additional information, see our Carbon Disclosure Project Climate Change Response at www.cdp.net.
Indirect economic impacts
G4-EC8 |
Significant indirect economic impacts |
See Our Company, section “How we create value.”
Omission: we are unable to accurately quantify or report on our indirect economic impacts.