The t able belo w discloses carr yin g v alues and fair v alues of fnancial ins truments accor din g to the cate g ories in note 2. fINANCIAL INS TR u m ENT S B y CA TEGOR y – CARR y ING AND f AIR v AL u E S 2012 2011 2010 M SEK Carr yin g v alue f air v alue Carr yin g v alue f air v alue Carr yin g v alue f air v alue Assets Financial assets at fair v alue throug h proft or loss Other interes t -bearin g current assets (note 27) 105.6 105.6 19.6 19.6 68.3 68.3 T ot al 105.6 105.6 19.6 19.6 68.3 68.3 Loans and receiv ables Interes t -bearin g fnancial non-current assets (note 22) 133.0 133.0 155.9 155.9 164.9 164.9 Other lon g -term receiv ables (note 23) 1 363.9 363.9 329.2 329.2 312.2 312.2 Accounts receiv able 10 490.1 10 490.1 10 965.0 10 965.0 9 724.1 9 724.1 Other current receiv ables (note 26) 2 852.9 852.9 802.4 802.4 675.1 675.1 Liquid funds 4 880.7 4 880.7 2 507.4 2 507.4 2 586.9 2 586.9 T ot al 16 720.6 16 720.6 14 759.9 14 759.9 13 463.2 13 463.2 Liabilities Financial liabilities at fair v alue throug h proft or loss Short -term loan liabilities (note 33) 48.4 48.4 21.2 21.2 9.4 9.4 T ot al 48.4 48.4 21.2 21.2 9.4 9.4 Financial liabilities designated as hed g ed item in a fair v alue hed g e Short -term loan liabilities (note 33) 5 4  302.4 4  355.7 – – – – Lon g -term loan liabilities (note 30) 6 6 030.2 6 109.8 4 484.8 4 705.7 4 531.8 4 908.6 T ot al 10   332.6 10  465.5 4 484.8 4 705.7 4 531.8 4 908.6 Other fnancial liabilities Lon g -term loan liabilities (note 30) 3 066.3 3 066.3 4 075.5 4 075.5 2 654.6 2 654.6 Lon g -term liabilities (note 30) 3 326.7 326.7 457.8 457.8 210.2 210.2 Short -term loan liabilities (note 33) 1 627.7 1 627.7 4 463.3 4 463.3 3 849.1 3 849.1 Accounts pa y able 1 033.1 1 033.1 914.9 914.9 853.6 853.6 Other current liabilities (note 34) 4 3 157.9 3 157.9 2 856.8 2 856.8 2 702.2 2 702.2 T ot al 9 211.7 9 211.7 12 768.3 12 768.3 10 269.7 10 269.7 Deriv ativ es designated for hed g in g Interes t -bearin g fnancial current assets (note 27) 10.7 10.7 – – – – Interes t -bearin g fnancial non-current assets (note 22) 91.3 91.3 33.6 33.6 40.8 40.8 T ot al assets 102.0 102.0 33.6 33.6 40.8 40.8 Short -term loan liabilities (note 33) 7.5 7.5 4.0 4.0 8.7 8.7 Lon g -term loan liabilities (note 30) 3.4 3.4 16.5 16.5 16.2 16.2 T ot al liabilities 10.9 10.9 20.5 20.5 24.9 24.9 Net tot al 91.1 91.1 13.1 13.1 15.9 15.9 1 E x cluding all pension balanc e s and reimbursement right s (no t e 23) 265.0 265.0 205.0 205.0 72.1 72.1 2 E x cluding prepaid e xpense s 650.6 650.6 661.6 661.6 469.2 469.2 3 E x cluding pension balanc e s (no t e 30) 82.6 82.6 74.3 74.3 72.1 72.1 4 E x cluding emplo y ee-relat ed ac crued e xpense s and prepaid inc ome 5 950.3 5 950.3 5 936.8 5 936.8 5 525.1 5 525.1 5 The dif erenc e be tw een the carr ying v alue and f air v alue o f short t erm loan liabilitie s in 2012 is due t o the reduction in margin in the MEUR 500 bond from 4.20 perc ent at is sue t o 0.25 perc ent as at Dec ember 31, 2012. 6 The dif erenc e be tw een the carr ying v alue and f air v alue o f long -t erm loan liabilitie s in 2012 is due t o the change in margin in three ne w f air v alue hedge s. In 2011 and 2010 it w as due t o the reduction in the margin on the MEUR 500 bond loan. 90 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012