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Annual Report 2015 Report by the Board of Directors Notes Proposed distribution of earnings Auditor’s report Eleven-year review Quarterly information

Consolidated balance sheet

SEKm Note   December
31, 2014
December
31, 2015
ASSETS        
Non-current assets        
Property, plant and equipment 12   18,934 18,450
Goodwill 13   5,350 5,200
Other intangible assets 13   3,878 3,401
Investments in associates 29   228 209
Deferred tax assets 10   5,351 5,889
Financial assets 18   312 284
Pension plan assets 22   399 397
Other non-current assets 14   1,110 858
Total non-current assets     35,562 34,688
Current assets        
Inventories 15   14,324 14,179
Trade receivables 1718   20,663 17,745
Tax assets     784 730
Derivatives 18   375 149
Other current assets 16   4,774 5,176
Short-term investments 18   99 108
Cash and cash equivalents 18   9,107 10,696
Total current assets     50,126 48,783
Total assets     85,688 83,471
EQUITY AND LIABILITIES        
Equity attributable to equity holders of the Parent Company        
Share capital 20   1,545 1,545
Other paid-in capital  20   2,905 2,905
Other reserves 20   –251 –1,739
Retained earnings 20   12,235 12,264
      16,434 14,975
Non-controlling interests     34 30
Total equity     16,468 15,005
Non-current liabilities         
Long-term borrowings 18   9,529 8,323
Deferred tax liabilities 10   687 645
Provisions for post-employment benefits 22   5,162 4,906
Other provisions 23   5,665 5,649
Total non-current liabilities     21,043 19,523
Current liabilities        
Accounts payable 18   25,705 26,467
Tax liabilities     1,042 813
Other liabilities 24   13,531 14,529
Short-term borrowings 18   4,960 4,504
Derivatives 18   156 222
Other provisions 23   2,783 2,408
Total current liabilities     48,177 48,943
Total liabilities     69,220 68,466
Total equity and liabilities     85,688 83,471
Pledged assets 19   41 27
Contingent liabilities 25   3,739 1,312