N O TE 22 Int ere s t -bearing fnancial non-current as se ts 1 M SEK 2012 2011 2010 f air v alue hed g es 2 Deriv ativ es with positiv e fair v alue , lon g -term 91.3 33.6 40.8 Other items 3 133.0 155.9 164.9 T ot al interes t -bearin g fnancial non- current assets 224.3 189.5 205.7 1 F urther information re gar din g fnancial ins truments is pro vided in note 6. 2 R elated to deriv ativ es designated for hed g in g. 3 R elated to loans and receiv ables. N O TE 23 O ther long -t erm receiv able s M SEK 2012 2011 2010 Pension balances, defned contribution plans 1 82.6 74.3 72.1 R eimbur sement rig hts 2 182.4 130.7 – Other lon g -term receiv ables 363.9 329.2 312.2 T ot al other lon g -term receiv ables 628.9 534.2 384.3 1 R efer s to assets relatin g to insured pension plans e x cludin g social benefts. 2 R efer s to assets relatin g to defned beneft pension plans where compensation is receiv ed from another part y . N O TE 24 In v ent orie s M SEK 2012 2011 2010 m aterial and consumables 93.9 60.4 39.3 W ork in progress 5.2 2.3 1.9 Adv ance pa yments to supplier s 17.6 5.5 4.7 T ot al in v entories 116.7 68.2 45.9 N O TE 25 A ccounts receiv able M SEK 2012 2011 2010 Accounts receiv able before deduction of pro visions for bad debt losses 10  964.7 11 384.3 10 068.8 Pro visions for bad debt losses -474.6 -419.3 -344.7 T ot al accounts receiv able 10   490.1 10 965.0 9 724.1 Openin g balance pro vision for bad debt losses -419.3 -344.7 -377.9 Pro vision for e xpected losses -206.9 -169.7 -120.6 Actual losses 76.2 41.2 54.0 R e v er sed pro visions 79.5 59.0 70.2 Increases due to acquisitions -18.4 -10.8 -12.6 Decreases due to disposals – 1.0 – T r anslation diferences 14.3 4.7 42.2 Closin g balance pro vision for bad debt losses 1 -474.6 -419.3 -344.7 1 Expenses for bad debt losses amounted to M SEK 121.9 (105.1 and 54.2). N O TE 26 O ther current receiv able s M SEK 2012 2011 2010 Prepaid e xpenses and accrued income 1 041.4 1 078.7 763.7 Insur ance-related receiv ables 17.1 18.8 16.1 v alue added t ax 115.0 78.0 76.2 Other items 330.0 288.5 288.3 T ot al other current receiv ables 1 503.5 1 464.0 1 144.3 N O TE 27 O ther int ere s t -bearing current as se ts 1 M SEK 2012 2011 2010 f air v alue hed g es 2 Deriv ativ es with positiv e fair v alue , short -term 10.7 – – Other deriv ativ e positions 3 Deriv ativ es with positiv e fair v alue , short -term 105.6 19.6 68.3 T ot al other interes t -bearin g current assets 116.3 19.6 68.3 1 F urther information re gar din g fnancial ins truments is pro vided in note 6. 2 R elated to deriv ativ es designated for hed g in g. 3 R elated to fnancial assets at fair v alue throug h proft or loss. N O TE 28 Liquid funds 1 M SEK 2012 2011 2010 Short -term in v es tments 2 3 690.2 1 290.7 1 667.0 Cash and bank deposits 3 1 190.5 1 216.7 919.9 T ot al liquid funds 4 880.7 2 507.4 2 586.9 1 Liquid funds include short -term in v es tments with a maximum dur ation of 90 da ys that are readily con v ertible to a kno wn amount of cash and subject to an insignifcant risk of chan g e in v alue . Liquid funds also include cash and bank deposits. 2 Short -term in v es tments refer to fx ed interes t r ate bank deposits. 3 The net position in Group countr y cash-pool accounts is reported as cash and bank deposits where net tin g refects the le gal s tructure of the arr an g ement . 111 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012