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F4 Interest-bearing liabilities (Tables) | 12 Months Ended
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Dec. 31, 2020
Borrowings [Abstract] |
Summary of Interest-Bearing Liabilities | As of December 31, 2020, the Company’s outstanding interest-bearing liabilities were SEK 30.2 (37.7) billion.
Interest-bearing liabilities |  |  |  |
|  | 2020 |  | 2019
Borrowings, current |  |  |  |
Current part of non-current borrowings |  | 5,269 |  | 7,946
Other borrowings, current |  | 2,673 |  | 1,493
Total borrowings, current |  | 7,942 |  | 9,439
Borrowings, non-current |  |  |  |
Notes and bond loans |  | 22,008 |  | 21,898
Other borrowings, non-current |  | 210 |  | 6,359
Total borrowings, non-current |  | 22,218 |  | 28,257
Total interest-bearing liabilities |  | 30,160 |  | 37,696
Reconciliation of Liabilities Arising from Financing Activities |
Reconciliation of liabilities arising from ﬁnancing activities |  |
|  | 2020 |  | 2019
Opening balance |  | 47,578 |  | 43,523
Cash ﬂows |  |  |  |
Proceeds from issuance of borrowings |  | 4,400 |  | 4,851
Repayment of borrowings |  | (8,643) |  | (4,476)
Lease payments |  | (2,417) |  | (2,990)
Non-cash changes |  |  |  |
Effect of foreign exchange movement |  | (4,030) |  | 1,748
Revaluation due to changes in credit risk |  | (99) |  | 651
Other changes in fair value |  | 136 |  | 343
Acquisition of new lease contracts |  | 2,604 |  | 2,300
Reclassiﬁcation 1) |  | — |  | 1,767
Other non-cash movements |  | (69) |  | (139)
Closing balance |  | 39,460 |  | 47,578
1) Repayment of borrowings in 2019 includes repayment of a loan, not classified as borrowings, to a minority shareholder in a subsidiary.
Summary of Notes, Bonds, Bilateral Loans and Committed Credit |
Notes, bonds and bilateral loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issued-maturing |  | Nominal amount |  | Coupon |  | Currency |  | Maturity date |  | Carrying value (SEK million) 2020 |  | Changes in fair value due to changes in credit risk 2020 |  | Cumulative changes in fair value due to changes in credit risk 2020 |  | Carrying value (SEK million) 2019 |  |
Notes and bond loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2020–2030 1) |  | 200 |  | 3.02% |  | USD |  | Dec 30, 2030 |  | 1,698 |  | 68 |  | 68 |  | — |  |
2010–2020 1) |  | 170 |  |  |  | USD |  | Dec 23, 2020 |  | — |  | (16) |  | — |  | 1,601 |  |
2012–2022 |  | 1,000 |  | 4.125% |  | USD |  | May 15, 2022 |  | 8,537 |  | (165) |  | 144 |  | 9,695 |  |
2017–2021 |  | 500 |  | 0.875% |  | EUR |  | Mar 1, 2021 |  | 5,034 |  | (38) |  | 3 |  | 5,267 |  |
2017–2024 |  | 500 |  | 1.875% |  | EUR |  | Mar 1, 2024 |  | 5,290 |  | (63) |  | 145 |  | 5,512 |  |
2017–2025 1) |  | 150 |  | 2.741% |  | USD |  | Dec 22, 2025 |  | 1,278 |  | 22 |  | 50 |  | 1,424 |  |
Total notes and bond loans |  |  |  |  |  |  |  |  |  | 21,837 |  | (192) |  | 410 |  | 23,499 |  |
Bilateral loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2019–2025 2) |  | 150 |  |  |  | USD |  | Dec 18, 2025 |  | 1,237 |  | 35 |  | 9 |  | 1,371 |  |
2013–2020 3) |  | 684 |  |  |  | USD |  | Nov 6, 2020 |  | — |  | 32 |  | — |  | 6,345 |  |
2017–2023 2) |  | 220 |  |  |  | USD |  | Jun 15, 2023 |  | 1,826 |  | (5) |  | 27 |  | 2,078 |  |
2019–2024 3) |  | 281 |  |  |  | USD |  | July 31, 2024 |  | 2,320 |  | 31 |  | 15 |  | 2,606 |  |
Total bilateral loans |  |  |  |  |  |  |  |  |  | 5,383 |  | 93 |  | 51 |  | 12,400 |  |
1) Private Placement, Swedish Export Credit Corporation (SEK). In December 2020, the Company refinanced Swedish Export Credit Corporation (SEK) of USD 170 million with a new bond loan of USD 200 million, net increase in funding of USD 30 million. The new facility is set to mature in 2030. The terms of the existing loan note (USD 150 million) maturing in December 2025 was modified from a floating interest to a fixed coupon with the same maturity date. 2) Nordic Investment Bank (NIB), R&D project financing. 3) European Investment Bank (EIB), R&D project financing.

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