false FY ERICSSON LM TELEPHONE CO 0000717826 Based on net income attributable to owners of the Parent Company.Changes in cumulative translation adjustments include changes regarding revaluation of goodwill in local currency of SEK 2,646 million (SEK -3,359 million in 2020 and SEK 966 million in 2019), and realized gain/losses net from divested/liquidated companies, SEK 46 million (SEK 124 million in 2020 and SEK 54 million in 2019). Dividends paid per share amounted to SEK 2.00 (SEK 1.50 in 2020 and SEK 1.00 in 2019).Including advance payments.See also note G1 “Post-employment benefits.”See also note F1 “Financial risk management.”Current and non-current debt, including interest commitments.Future lease obligations, nominal lease liability, see also note C3 “Leases.”The amounts of purchase obligations are gross, before deduction of any related provisions.Total Cash and cash equivalent is SEK 54.1 (43.6) billion, of which SEK 30.0 (27.2) billion relating to Cash equivalents are presented in the table above. 0000717826 2021-01-01 2021-12-31 0000717826 2019-01-01 2019-12-31 0000717826 2020-01-01 2020-12-31 0000717826 2020-12-31 0000717826 2021-12-31 0000717826 2018-01-01 2018-12-31 0000717826 2019-12-31 0000717826 2018-12-31 0000717826 eric:EricssonSharePurchasePlanMember 2021-01-01 2021-12-31 0000717826 eric:DivestmentsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CashFlowHedgesMember 2021-01-01 2021-12-31 0000717826 eric:MulticurrencyRevolvingCreditFacilityMember 2021-01-01 2021-12-31 0000717826 eric:EuroMediumTermNoteProgramMember 2021-01-01 2021-12-31 0000717826 eric:HardwareMember 2021-01-01 2021-12-31 0000717826 eric:SoftwareMember 2021-01-01 2021-12-31 0000717826 eric:ServicesMember 2021-01-01 2021-12-31 0000717826 eric:SellingAndAdministrationExpensesMember 2021-01-01 2021-12-31 0000717826 eric:ResearchAndDevelopmentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CostOfSalesMember 2021-01-01 2021-12-31 0000717826 eric:EmployeeRemunerationMember 2021-01-01 2021-12-31 0000717826 country:GB 2021-01-01 2021-12-31 0000717826 ifrs-full:NotLaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 eric:MediaKindMember 2021-01-01 2021-12-31 0000717826 eric:EuropeanInvestmentBankCreditFacilityMember 2021-01-01 2021-12-31 0000717826 eric:OtherCountriesMember 2021-01-01 2021-12-31 0000717826 country:US 2021-01-01 2021-12-31 0000717826 country:SE 2021-01-01 2021-12-31 0000717826 eric:DataCenterMember 2021-01-01 2021-12-31 0000717826 eric:MediaKindMember 2021-01-01 2021-12-31 0000717826 eric:SECRegisteredProgramMember 2021-01-01 2021-12-31 0000717826 eric:CashFlowFromBusinessCombinationMember 2021-01-01 2021-12-31 0000717826 eric:AcquisitionOrDivestmentsOfOtherInvestmentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LiabilitiesArisingFromFinancingActivitiesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CashFlowHedgesMember eric:ForeignExchangeForwardContractsMember ifrs-full:LaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CashFlowHedgesMember eric:ForeignExchangeForwardContractsMember ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:ForeignExchangeForwardContractsMember ifrs-full:CashFlowHedgesMember 2021-01-01 2021-12-31 0000717826 eric:AxonixMember 2021-01-01 2021-12-31 0000717826 eric:QuortusMember 2021-01-01 2021-12-31 0000717826 eric:CradlepointMember 2021-01-01 2021-12-31 0000717826 eric:CSFMember 2021-01-01 2021-12-31 0000717826 eric:GenakerMember 2021-01-01 2021-12-31 0000717826 eric:STEricssonMember 2021-01-01 2021-12-31 0000717826 eric:KathreinMember 2021-01-01 2021-12-31 0000717826 eric:DeloitteMember 2021-01-01 2021-12-31 0000717826 eric:OthersMember 2021-01-01 2021-12-31 0000717826 eric:EricssonNikolaTeslaDDMember country:HR 2021-01-01 2021-12-31 0000717826 currency:USD 2021-01-01 2021-12-31 0000717826 currency:TWD 2021-01-01 2021-12-31 0000717826 currency:EUR 2021-01-01 2021-12-31 0000717826 currency:JPY 2021-01-01 2021-12-31 0000717826 currency:CNY 2021-01-01 2021-12-31 0000717826 currency:CAD 2021-01-01 2021-12-31 0000717826 currency:AUD 2021-01-01 2021-12-31 0000717826 currency:GBP 2021-01-01 2021-12-31 0000717826 currency:INR 2021-01-01 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:InterestBearingAssetsMember 2021-01-01 2021-12-31 0000717826 eric:InterestBearingAssetsMember ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember eric:InterestBearingAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember eric:InterestBearingAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:InterestBearingAssetsMember 2021-01-01 2021-12-31 0000717826 eric:InterestBearingAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:InterestBearingLiabilitiesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember eric:InterestBearingLiabilitiesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember eric:InterestBearingLiabilitiesMember 2021-01-01 2021-12-31 0000717826 eric:InterestBearingLiabilitiesMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:InterestBearingLiabilitiesMember 2021-01-01 2021-12-31 0000717826 eric:InterestBearingLiabilitiesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:DerivativesMember ifrs-full:NotLaterThanThreeMonthsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember ifrs-full:DerivativesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember ifrs-full:DerivativesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember ifrs-full:DerivativesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember ifrs-full:DerivativesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:DerivativesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ParentMember eric:WomenMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ParentMember eric:MenMember 2021-01-01 2021-12-31 0000717826 ifrs-full:SubsidiariesMember eric:WomenMember 2021-01-01 2021-12-31 0000717826 ifrs-full:SubsidiariesMember eric:MenMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-01-01 2021-12-31 0000717826 eric:LaterThanTwoYearAndBeyondMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 eric:FitchMember 2021-01-01 2021-12-31 0000717826 eric:StandardAndPoorsMember 2021-01-01 2021-12-31 0000717826 eric:MoodysMember 2021-01-01 2021-12-31 0000717826 ifrs-full:FinancialAssetsAtAmortisedCostMember 2021-01-01 2021-12-31 0000717826 eric:OtherFinancialExpensesMember 2021-01-01 2021-12-31 0000717826 eric:ClassBSharesMember 2021-01-01 2021-12-31 0000717826 eric:ClassASharesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:RestructuringProvisionMember 2021-01-01 2021-12-31 0000717826 eric:CustomerRelatedProvisionMember 2021-01-01 2021-12-31 0000717826 eric:SuppliersRelatedProvisionMember 2021-01-01 2021-12-31 0000717826 ifrs-full:WarrantyProvisionMember 2021-01-01 2021-12-31 0000717826 ifrs-full:MiscellaneousOtherProvisionsMember 2021-01-01 2021-12-31 0000717826 eric:ProvisionForShareBasedPaymentsMember 2021-01-01 2021-12-31 0000717826 eric:DivestmentsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AssociatesMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:MaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember 2021-01-01 2021-12-31 0000717826 eric:NorthEastAsiaMember eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:MaleEmployeeMember eric:NorthEastAsiaMember 2021-01-01 2021-12-31 0000717826 eric:NorthEastAsiaMember 2021-01-01 2021-12-31 0000717826 srt:NorthAmericaMember eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:MaleEmployeeMember srt:NorthAmericaMember 2021-01-01 2021-12-31 0000717826 srt:NorthAmericaMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:MaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:MaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember 2021-01-01 2021-12-31 0000717826 eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 eric:MaleEmployeeMember 2021-01-01 2021-12-31 0000717826 srt:EuropeMember eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 srt:EuropeMember eric:MaleEmployeeMember 2021-01-01 2021-12-31 0000717826 srt:EuropeMember 2021-01-01 2021-12-31 0000717826 country:SE eric:FemaleEmployeeMember 2021-01-01 2021-12-31 0000717826 country:SE eric:MaleEmployeeMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2021-01-01 2021-12-31 0000717826 eric:UnderTwentyYearsOldMember 2021-01-01 2021-12-31 0000717826 eric:BetweenTwentyFiveToThirtyFiveYearOldMember 2021-01-01 2021-12-31 0000717826 eric:BetweenThirtySixToFortyFiveYearOldMember 2021-01-01 2021-12-31 0000717826 eric:BetweenFortySixToFiftyFiveYearOldMember 2021-01-01 2021-12-31 0000717826 eric:AboveFiftyFiveYearOldMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BusinessCombinationsMember 2021-01-01 2021-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember eric:BoardOfDirectorsMember 2021-01-01 2021-12-31 0000717826 eric:BoardOfDirectorsMember eric:OtherMembersOfExecutiveTeamMember 2021-01-01 2021-12-31 0000717826 eric:BoardOfDirectorsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:PropertyPlantAndEquipmentsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:RightofuseAssetsMember 2021-01-01 2021-12-31 0000717826 eric:IntangibleAssetAndGoodwillMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentOtherFinancialAssetsMember 2021-01-01 2021-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentInterestBearingSecuritiesMember 2021-01-01 2021-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:OtherInvestmentInSharesAndParticipationsMember 2021-01-01 2021-12-31 0000717826 eric:LeaseInterestExpenseMember 2021-01-01 2021-12-31 0000717826 eric:ContractualInterestOnFinancialLiabilitiesCategoryMember 2021-01-01 2021-12-31 0000717826 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2021-01-01 2021-12-31 0000717826 ifrs-full:MajorOrdinaryShareTransactionsMember 2021-01-01 2021-12-31 0000717826 eric:DigitalServicesMember eric:IprLicensingRevenuesMember 2021-01-01 2021-12-31 0000717826 eric:IprLicensingRevenuesMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember 2021-01-01 2021-12-31 0000717826 eric:IntellectualPropertyRightsBrandsAndOtherIntangibleAssetsMember 2021-01-01 2021-12-31 0000717826 eric:ExchangeRateRiskMember 2021-01-01 2021-12-31 0000717826 eric:CustomizedSolutionMember 2021-01-01 2021-12-31 0000717826 eric:IntellectualPropertyRightsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0000717826 eric:MediaKindMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlanMember 2021-01-01 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2021-01-01 2021-12-31 0000717826 eric:LessorMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0000717826 eric:LessorMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0000717826 eric:EricssonPensionsstiftelseMember 2021-01-01 2021-12-31 0000717826 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0000717826 eric:ChairmanMember eric:BoardFeesMember 2021-01-01 2021-12-31 0000717826 eric:ChairmanMember eric:CommitteeFeesMember 2021-01-01 2021-12-31 0000717826 eric:OtherDirectorsMember eric:BoardFeesMember 2021-01-01 2021-12-31 0000717826 eric:ChairmanOfAuditCommitteeMember eric:BoardFeesMember 2021-01-01 2021-12-31 0000717826 eric:OtherNonEmployeeMembersOfAuditCommitteeMember eric:BoardFeesMember 2021-01-01 2021-12-31 0000717826 eric:ChairmenOfFinanceAndRemunerationCommitteesMember eric:BoardFeesMember 2021-01-01 2021-12-31 0000717826 eric:OtherNonEmployeeMembersOfFinanceAndRemunerationCommitteesMember eric:BoardFeesMember 2021-01-01 2021-12-31 0000717826 eric:MemberOfRemunerationCommitteeMember eric:ChairmanMember 2021-01-01 2021-12-31 0000717826 eric:BoardAndCommitteeMeetingAttendanceFeeMember 2021-01-01 2021-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-01-01 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-01-01 2021-12-31 0000717826 eric:TenLargestCustomersMember 2021-01-01 2021-12-31 0000717826 eric:SecondLargestCustomersMember 2021-01-01 2021-12-31 0000717826 eric:LargestCustomerMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TopOfRangeMember eric:IntellectualPropertyRightsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember ifrs-full:GoodwillMember 2021-01-01 2021-12-31 0000717826 eric:JacobWallenbergMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:HelenaStjernholmMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:RonnieLetenMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:KurtJofsMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:NoraDenzelMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:JanCarlsonMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:EricAElzvikMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:KristinSRinneMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:TorbjrnNymanMember eric:EmployeeRepresentativesMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:AndersRipaMember eric:EmployeeRepresentativesMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:JonFredrikBaksaasMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:BoardMembersMember eric:EmployeeRepresentativesMember eric:KjellAkeSotingMember 2021-01-01 2021-12-31 0000717826 eric:RogerSvenssonMember eric:EmployeeRepresentativesMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:PerHolmbergMember eric:DeputyEmployeeRepresentativesMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:DeputyEmployeeRepresentativesMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:LoredanaRoslundMember eric:DeputyEmployeeRepresentativesMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:RealEstate1Member 2021-01-01 2021-12-31 0000717826 eric:RealEstate1Member ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:EquipmentAndMachineryMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TopOfRangeMember eric:EquipmentAndMachineryMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReserveOfCashFlowHedgesMember 2021-01-01 2021-12-31 0000717826 eric:RevaluationOfBorrowingsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OtherReservesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0000717826 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0000717826 eric:RealEstate1Member ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0000717826 ifrs-full:PlanAssetsMember 2021-01-01 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:TwoThousandTwentyOneLongTermVariableCompensationProgramMember ifrs-full:ReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember eric:ExecutivePerformancePlanMember eric:TwoThousandTwentyOneExecutivePerformancePlanMember ifrs-full:ReportingYearMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyOneExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember eric:ExecutivePerformancePlanMember eric:TwoThousandTwentyExecutivePerformancePlanMember ifrs-full:ReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:TwoThousandTwentyExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember eric:ExecutivePerformancePlanMember eric:TwoThousandNineteenExecutivePerformancePlanMember ifrs-full:ReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:TwoThousandNineteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:TwoThousandNineteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandNineteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:TwoThousandEighteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:TwoThousandEighteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember eric:ExecutivePerformancePlanMember eric:TwoThousandEighteenExecutivePerformancePlanMember ifrs-full:TwoYearsBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember eric:TwoThousandEighteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandEighteenExecutivePerformancePlanMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember eric:ExecutivePerformancePlanMember ifrs-full:ThreeYearsBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:KeyContributorPlan2021Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlan2021Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:KeyContributorPlan2020Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:KeyContributorPlan2020Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlan2020Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:KeyContributorPlan2019Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlanMember eric:KeyContributorPlan2019Member ifrs-full:OneYearBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:KeyContributorPlan2019Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlan2019Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:KeyContributorPlan2018Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:KeyContributorPlan2018Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:KeyContributorPlan2018Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember eric:KeyContributorPlan2018Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlan2018Member eric:KeyContributorPlanMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember eric:KeyContributorPlanMember ifrs-full:ReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:KeyContributorPlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:KeyContributorPlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:TwoThousandTwentyLongTermVariableCompensationProgramMember ifrs-full:OneYearBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:TwoThousandNineteenLongTermVariableCompensationProgramMember ifrs-full:OneYearBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:TwoThousandEighteenLongTermVariableCompensationProgramMember ifrs-full:ThreeYearsBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyOneLongTermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember eric:KeyContributorPlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlanMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember ifrs-full:TwoYearsBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 eric:CashSettledPlansMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OneYearBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ThreeYearsBeforeReportingYearMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TwoYearsBeforeReportingYearMember eric:ExecutiveTeamPlansMember 2021-01-01 2021-12-31 0000717826 eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 eric:EuropeanUnion1Member 2021-01-01 2021-12-31 0000717826 country:JP 2021-01-01 2021-12-31 0000717826 country:CN 2021-01-01 2021-12-31 0000717826 eric:OtherRegionsMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:OtherRegionsMember 2021-01-01 2021-12-31 0000717826 eric:OtherRegionsMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 eric:OtherRegionsMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 eric:OtherRegionsMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 srt:NorthAmericaMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 srt:NorthAmericaMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 srt:NorthAmericaMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 srt:NorthAmericaMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:NorthEastAsiaMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 eric:NorthEastAsiaMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 eric:NorthEastAsiaMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 eric:NorthEastAsiaMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:EmergingBusinessAndOtherMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:ManagedServicesMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:DigitalServicesMember 2021-01-01 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:NetworksMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyOneGroupOperatingIncomeMember 2021-01-01 2021-12-31 0000717826 eric:AbsoluteTsrMember 2021-01-01 2021-12-31 0000717826 eric:RelativeTSRMember 2021-01-01 2021-12-31 0000717826 eric:AlectaMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2021-01-01 2021-12-31 0000717826 eric:RealEstate1Member ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-01-01 2021-12-31 0000717826 eric:BilateralLoansMember eric:JulyThirtyOneTwoThousandTwentyFourMember 2021-01-01 2021-12-31 0000717826 eric:BilateralLoansMember eric:JuneTwentyOneTwoThousandTwentyEightMember 2021-01-01 2021-12-31 0000717826 eric:BilateralLoansMember eric:JuneFifteenTwoThousandTwentyThreeMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:DecemberTwentyTwoTwoThousandTwentyFiveMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MarchOneTwoThousandTwentyOneMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MarchOneTwoThousandTwentyFourMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:DecemberThirtyTwoThousandAndThirtyMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MayTwentyNineTwoThousandTwentyNineMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MayFifteenTwoThousandTwentyTwoMember 2021-01-01 2021-12-31 0000717826 eric:BilateralLoansMember eric:DecemberEighteenTwoThousandTwentyFiveMember 2021-01-01 2021-12-31 0000717826 ifrs-full:RetainedEarningsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2021-01-01 2021-12-31 0000717826 eric:ConstructionInProgressAndAdvancePaymentsMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:OtherEquipmentToolsAndInstallationsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:MachineryAndOtherTechnicalAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2021-01-01 2021-12-31 0000717826 ifrs-full:TopOfRangeMember eric:InterestBearingAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TopOfRangeMember eric:InterestBearingLiabilitiesMember 2021-01-01 2021-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedImpairmentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:AccumulatedImpairmentMember 2021-01-01 2021-12-31 0000717826 eric:FairValueAbsoluteTSRMember eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2021-01-01 2021-12-31 0000717826 eric:FairValueRelativeTSRMember eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodOneMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodTwoMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodThreeMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:FairValueAbsoluteTSRMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:FairValueRelativeTSRMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:ConstructionInProgressAndAdvancePaymentsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherEquipmentToolsAndInstallationsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:MachineryAndOtherTechnicalAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2021-01-01 2021-12-31 0000717826 eric:MembersOfExecutiveBoardMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyOneLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember eric:TwoThousandNineteenLongTermVariableCompensationProgramMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyOneLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:ConstructionInProgressAndAdvancePaymentsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:OtherEquipmentToolsAndInstallationsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:MachineryAndOtherTechnicalAssetsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2021-01-01 2021-12-31 0000717826 eric:RealEstate1Member ifrs-full:AccumulatedImpairmentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:TwoThousandTwentyOneGroupOperatingIncomeMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:AbsoluteTsrMember 2021-01-01 2021-12-31 0000717826 eric:TwoThousandTwentyOneGroupOperatingIncomeMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:RelativeTSRMember 2021-01-01 2021-12-31 0000717826 eric:AbsoluteTsrMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0000717826 eric:RelativeTSRMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TradeReceivablesMember 2021-01-01 2021-12-31 0000717826 ifrs-full:ContractAssetsMember 2021-01-01 2021-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember 2021-01-01 2021-12-31 0000717826 eric:RealEstate1Member eric:AdjustmentRelatedToFinancialSubleaseMember 2021-01-01 2021-12-31 0000717826 eric:SellingAndAdministrationExpensesMember 2021-01-01 2021-12-31 0000717826 eric:BilateralLoansMember 2021-01-01 2021-12-31 0000717826 eric:NotesAndBondLoansMember 2021-01-01 2021-12-31 0000717826 eric:FiveGSubscriptionsMember eric:SubscriptionByTwoThousandTwentyFiveMember 2021-01-01 2021-12-31 0000717826 eric:SmartPhoneMember 2021-01-01 2021-12-31 0000717826 eric:SubscriptionByTwoThousandTwentyFiveMember eric:MobileSubscriptionsMember 2021-01-01 2021-12-31 0000717826 eric:MobileSubscriptionsMember 2021-01-01 2021-12-31 0000717826 eric:SubscriptionByTwoThousandTwentyFiveMember eric:InternetOfThingsMember 2021-01-01 2021-12-31 0000717826 eric:SubscriptionByTwoThousandTwentyFiveMember 2021-01-01 2021-12-31 0000717826 eric:InternetOfThingsMember 2021-01-01 2021-12-31 0000717826 eric:LaterThanFiveYearAndNotLaterThanSixYearsMember 2021-01-01 2021-12-31 0000717826 dei:BusinessContactMember 2021-01-01 2021-12-31 0000717826 ifrs-full:Level3OfFairValueHierarchyMember eric:InvestmentInSharesAndParticipationsMember 2021-01-01 2021-12-31 0000717826 eric:InvestmentInSharesAndParticipationsMember ifrs-full:Level1OfFairValueHierarchyMember 2021-01-01 2021-12-31 0000717826 eric:BorjeEkholmMember eric:BoardMembersMember 2021-01-01 2021-12-31 0000717826 eric:AfterTaxDiscountRatesAppliedMember 2021-01-01 2021-12-31 0000717826 ifrs-full:OtherAssetsMember 2021-01-01 2021-12-31 0000717826 eric:AssetsHeldMember 2021-01-01 2021-12-31 0000717826 ifrs-full:InvestmentFundsMember 2021-01-01 2021-12-31 0000717826 eric:RealEstate1Member 2021-01-01 2021-12-31 0000717826 ifrs-full:DebtSecuritiesMember 2021-01-01 2021-12-31 0000717826 eric:EquitySecurities1Member 2021-01-01 2021-12-31 0000717826 eric:CashAndCashEquivalentMember 2021-01-01 2021-12-31 0000717826 ifrs-full:VehiclesMember 2021-01-01 2021-12-31 0000717826 eric:OtherMember 2021-01-01 2021-12-31 0000717826 eric:LongtermVariableCompensationProgramMember 2021-01-01 2021-12-31 0000717826 eric:LongtermVariableCompensationProgramMember eric:PerformanceShareAwardsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:TopOfRangeMember eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2021-01-01 2021-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2021-01-01 2021-12-31 0000717826 eric:PerformanceShareAwardsMember eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2019Member 2021-01-01 2021-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2020Member 2021-01-01 2021-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2018Member 2021-01-01 2021-12-31 0000717826 eric:SeniorManagersMember eric:ExecutivePerformancePlanMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorPlan2021Member eric:RetentionOfKeyEmployeesMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlan2021Member 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlan2021Member ifrs-full:ForeignCountriesMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlan2021Member ifrs-full:CountryOfDomicileMember 2021-01-01 2021-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2019Member ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-01-01 2021-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2019Member ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-01-01 2021-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2019Member ifrs-full:NotLaterThanOneYearMember 2021-01-01 2021-12-31 0000717826 eric:KeyContributorRetentionPlanMember 2021-01-01 2021-12-31 0000717826 eric:ExecutivePerformancePlanMember 2021-01-01 2021-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember 2021-01-01 2021-12-31 0000717826 eric:EricssonSupplierPaymentsProgramMember 2021-12-31 0000717826 eric:OthersMember 2021-12-31 0000717826 ifrs-full:ContractAssetsMember 2021-12-31 0000717826 eric:SeperatedEmployeesMember 2021-12-31 0000717826 eric:HiredEmployeesMember 2021-12-31 0000717826 eric:TemporaryEmployeeMember 2021-12-31 0000717826 ifrs-full:ContingentLiabilityForGuaranteesMember 2021-12-31 0000717826 eric:OtherCountriesMember 2021-12-31 0000717826 country:GB 2021-12-31 0000717826 country:US 2021-12-31 0000717826 country:SE 2021-12-31 0000717826 eric:OtherAccruedExpensesMember 2021-12-31 0000717826 eric:SuppliersMember 2021-12-31 0000717826 eric:EmployeeRelatedMember 2021-12-31 0000717826 eric:CurrencyDerivativesMember ifrs-full:CashFlowHedgesMember 2021-12-31 0000717826 ifrs-full:IssuedCapitalMember 2021-12-31 0000717826 ifrs-full:NotLaterThanOneYearMember 2021-12-31 0000717826 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-12-31 0000717826 eric:SixYearsAndLaterThanSixYearsMember 2021-12-31 0000717826 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-12-31 0000717826 eric:ForeignExchangeForwardContractsMember ifrs-full:CashFlowHedgesMember ifrs-full:NotLaterThanThreeMonthsMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember ifrs-full:CashFlowHedgesMember eric:ForeignExchangeForwardContractsMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearMember ifrs-full:CashFlowHedgesMember eric:ForeignExchangeForwardContractsMember 2021-12-31 0000717826 ifrs-full:CashFlowHedgesMember eric:ForeignExchangeForwardContractsMember 2021-12-31 0000717826 eric:MediaKindMember 2021-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember 2021-12-31 0000717826 eric:NorthEastAsiaMember 2021-12-31 0000717826 srt:NorthAmericaMember 2021-12-31 0000717826 eric:EuropeAndLatinAmericaMember 2021-12-31 0000717826 eric:MiddleEastAndAfricaMember 2021-12-31 0000717826 srt:EuropeMember 2021-12-31 0000717826 eric:UnderTwentyYearsOldMember eric:FemaleEmployeeMember 2021-12-31 0000717826 eric:UnderTwentyYearsOldMember eric:MaleEmployeeMember 2021-12-31 0000717826 eric:FemaleEmployeeMember eric:BetweenTwentyFiveToThirtyFiveYearOldMember 2021-12-31 0000717826 eric:BetweenTwentyFiveToThirtyFiveYearOldMember eric:MaleEmployeeMember 2021-12-31 0000717826 eric:BetweenThirtySixToFortyFiveYearOldMember eric:FemaleEmployeeMember 2021-12-31 0000717826 eric:BetweenThirtySixToFortyFiveYearOldMember eric:MaleEmployeeMember 2021-12-31 0000717826 eric:BetweenFortySixToFiftyFiveYearOldMember eric:FemaleEmployeeMember 2021-12-31 0000717826 eric:BetweenFortySixToFiftyFiveYearOldMember eric:MaleEmployeeMember 2021-12-31 0000717826 eric:AboveFiftyFiveYearOldMember eric:FemaleEmployeeMember 2021-12-31 0000717826 eric:AboveFiftyFiveYearOldMember eric:MaleEmployeeMember 2021-12-31 0000717826 ifrs-full:BusinessCombinationsMember 2021-12-31 0000717826 eric:ClassASharesMember 2021-12-31 0000717826 eric:ClassBSharesMember 2021-12-31 0000717826 eric:CountryRiskLowMember 2021-12-31 0000717826 eric:NotDueMember eric:CountryRiskMediumMember 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CountryRiskMediumMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember eric:CountryRiskMediumMember 2021-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember eric:CountryRiskMediumMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearMember eric:CountryRiskMediumMember 2021-12-31 0000717826 eric:CountryRiskMediumMember 2021-12-31 0000717826 eric:NotDueMember eric:CountryRiskHighMember 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CountryRiskHighMember 2021-12-31 0000717826 eric:CountryRiskHighMember ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember 2021-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember eric:CountryRiskHighMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearMember eric:CountryRiskHighMember 2021-12-31 0000717826 eric:CountryRiskHighMember 2021-12-31 0000717826 eric:NotDueMember 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember 2021-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearMember eric:CountryRiskLowMember 2021-12-31 0000717826 eric:CountryRiskLowMember ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember eric:CountryRiskLowMember 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CountryRiskLowMember 2021-12-31 0000717826 eric:CountryRiskLowMember eric:NotDueMember 2021-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember country:SE 2021-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember country:US 2021-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember country:GB 2021-12-31 0000717826 ifrs-full:WhollyUnfundedDefinedBenefitPlansMember 2021-12-31 0000717826 ifrs-full:WhollyUnfundedDefinedBenefitPlansMember eric:OtherCountriesMember 2021-12-31 0000717826 ifrs-full:WhollyUnfundedDefinedBenefitPlansMember country:US 2021-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember 2021-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember eric:OtherCountriesMember 2021-12-31 0000717826 ifrs-full:AssociatesMember 2021-12-31 0000717826 eric:ClassBSharesMember ifrs-full:IssuedCapitalMember 2021-12-31 0000717826 eric:ClassASharesMember ifrs-full:IssuedCapitalMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflationMember country:SE ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflationMember country:GB ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:SE ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:US ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:GB ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember country:SE ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfLifeExpectancyAfterRetirementMember country:SE ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfLifeExpectancyAfterRetirementMember country:US ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:ActuarialAssumptionOfLifeExpectancyAfterRetirementMember country:GB ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 eric:CustomerFinanceMember 2021-12-31 0000717826 eric:CustomerFinanceMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0000717826 eric:InterestBearingLiabilitiesMember 2021-12-31 0000717826 ifrs-full:Level1OfFairValueHierarchyMember eric:InterestBearingLiabilitiesMember 2021-12-31 0000717826 eric:CashEquivalents2Member 2021-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:CashEquivalents2Member 2021-12-31 0000717826 eric:OtherFinancialAssetMember 2021-12-31 0000717826 ifrs-full:Level1OfFairValueHierarchyMember eric:OtherFinancialAssetMember 2021-12-31 0000717826 ifrs-full:Level3OfFairValueHierarchyMember eric:OtherFinancialAssetMember 2021-12-31 0000717826 eric:OtherCurrentAssetsMember 2021-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:OtherCurrentAssetsMember 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember 2021-12-31 0000717826 eric:DivestmentsMember 2021-12-31 0000717826 eric:BilateralLoansMember eric:DecemberEighteenTwoThousandTwentyFiveMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MayFifteenTwoThousandTwentyTwoMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MayTwentyNineTwoThousandTwentyNineMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:DecemberThirtyTwoThousandAndThirtyMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MarchOneTwoThousandTwentyOneMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:DecemberTwentyTwoTwoThousandTwentyFiveMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember eric:MarchOneTwoThousandTwentyFourMember 2021-12-31 0000717826 eric:BilateralLoansMember eric:JuneTwentyOneTwoThousandTwentyEightMember 2021-12-31 0000717826 eric:BilateralLoansMember eric:JulyThirtyOneTwoThousandTwentyFourMember 2021-12-31 0000717826 eric:BilateralLoansMember eric:JuneFifteenTwoThousandTwentyThreeMember 2021-12-31 0000717826 eric:DeferredTaxAssetsAndLiabilitiesBeforeNettingMember 2021-12-31 0000717826 ifrs-full:UnusedTaxLossesMember 2021-12-31 0000717826 eric:PostEmploymentBenefitsMember 2021-12-31 0000717826 eric:CurrentAssetsMember 2021-12-31 0000717826 eric:IntangibleAssetsAndPropertyPlantAndEquipmentMember 2021-12-31 0000717826 ifrs-full:OtherTemporaryDifferencesMember 2021-12-31 0000717826 eric:DeferredTaxCreditsMember 2021-12-31 0000717826 eric:ProvisionsMember 2021-12-31 0000717826 eric:IntellectualPropertyRightsBrandsAndOtherIntangibleAssetsMember 2021-12-31 0000717826 ifrs-full:ClassesOfAssetsMember eric:InterestRateDerivativesMember 2021-12-31 0000717826 ifrs-full:ClassesOfAssetsMember eric:CurrencyDerivativesMember 2021-12-31 0000717826 ifrs-full:NotLaterThanOneYearMember eric:ContractualObligationsMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember eric:ContractualObligationsMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember eric:ContractualObligationsMember 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:ContractualObligationsMember 2021-12-31 0000717826 eric:ContractualObligationsMember 2021-12-31 0000717826 eric:CreditRatingAAAMember 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:CreditRatingAAAMember 2021-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember eric:CreditRatingAAAMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember eric:CreditRatingAAAMember 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CreditRatingAAAMember 2021-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2021-12-31 0000717826 ifrs-full:LiabilitiesMember eric:InterestRateDerivativesMember 2021-12-31 0000717826 ifrs-full:LiabilitiesMember eric:CurrencyDerivativesMember 2021-12-31 0000717826 eric:CreditRatingA2P2Member 2021-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:CreditRatingA2P2Member 2021-12-31 0000717826 eric:CreditRatingA2P2Member ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2021-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember eric:CreditRatingA2P2Member 2021-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CreditRatingA2P2Member 2021-12-31 0000717826 country:SE ifrs-full:UnusedTaxLossesMember 2021-12-31 0000717826 eric:EricssonPensionsstiftelseMember 2021-12-31 0000717826 eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-12-31 0000717826 eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-12-31 0000717826 eric:MembersOfExecutiveBoardMember 2021-12-31 0000717826 eric:MembersOfExecutiveBoardMember eric:TwoThousandTwentyOneLongTermVariableCompensationProgramMember 2021-12-31 0000717826 eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2021-12-31 0000717826 eric:TwoThousandTwentyOneExecutivePerformancePlanMember eric:SyntheticSharesMember eric:ExecutivePerformancePlanMember 2021-12-31 0000717826 eric:TwoThousandTwentyExecutivePerformancePlanMember eric:SyntheticSharesMember eric:ExecutivePerformancePlanMember 2021-12-31 0000717826 eric:TwoThousandNineteenExecutivePerformancePlanMember eric:SyntheticSharesMember eric:ExecutivePerformancePlanMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:ExecutivePerformancePlanMember 2021-12-31 0000717826 eric:KeyContributorPlan2021Member eric:KeyContributorPlanMember 2021-12-31 0000717826 eric:KeyContributorPlan2020Member eric:KeyContributorPlanMember 2021-12-31 0000717826 eric:KeyContributorPlan2019Member eric:KeyContributorPlanMember 2021-12-31 0000717826 eric:KeyContributorPlanMember 2021-12-31 0000717826 eric:SyntheticSharesMember 2021-12-31 0000717826 eric:OtherMembersOfExecutiveTeamMember 2021-12-31 0000717826 eric:RonnieLetenMember eric:SyntheticSharesMember eric:BoardMembersMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:HelenaStjernholmMember eric:BoardMembersMember 2021-12-31 0000717826 eric:BoardMembersMember eric:JacobWallenbergMember eric:SyntheticSharesMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:BoardMembersMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:NoraDenzelMember eric:BoardMembersMember 2021-12-31 0000717826 eric:JonFredrikBaksaasMember eric:BoardMembersMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:EricAElzvikMember eric:BoardMembersMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:KristinSRinneMember eric:BoardMembersMember 2021-12-31 0000717826 eric:SyntheticSharesMember eric:JanCarlsonMember eric:BoardMembersMember 2021-12-31 0000717826 ifrs-full:TradeReceivablesMember 2021-12-31 0000717826 ifrs-full:TradeReceivablesMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0000717826 eric:InterestBearingSecuritiesMember 2021-12-31 0000717826 eric:NetworksMember 2021-12-31 0000717826 eric:EmergingBusinessAndOtherMember 2021-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:CradlepointMember 2021-12-31 0000717826 eric:DigitalServicesMember 2021-12-31 0000717826 eric:BilateralLoansMember 2021-12-31 0000717826 eric:NotesAndBondLoansMember 2021-12-31 0000717826 eric:NettingOfDeferredTaxAssetsAndLiabilitiesMember 2021-12-31 0000717826 ifrs-full:DerivativesMember 2021-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:ParentCompanyBorrowingsMember 2021-12-31 0000717826 ifrs-full:Level1OfFairValueHierarchyMember eric:ParentCompanyBorrowingsMember 2021-12-31 0000717826 eric:ParentCompanyBorrowingsMember 2021-12-31 0000717826 eric:EuropeanUnion1Member 2021-12-31 0000717826 country:JP 2021-12-31 0000717826 country:CN 2021-12-31 0000717826 eric:OtherRegionsMember 2021-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:OtherCurrentLiabilities1Member 2021-12-31 0000717826 eric:OtherCurrentLiabilities1Member 2021-12-31 0000717826 eric:OtherMember 2021-12-31 0000717826 eric:CradlepointMember 2021-12-31 0000717826 eric:OrdinarySharesBMember 2021-12-31 0000717826 eric:OrdinarySharesAMember 2021-12-31 0000717826 eric:OrdinarySharesCMember 2021-12-31 0000717826 ifrs-full:RestructuringProvisionMember 2021-12-31 0000717826 eric:CustomerRelatedProvisionMember 2021-12-31 0000717826 eric:SuppliersRelatedProvisionMember 2021-12-31 0000717826 ifrs-full:WarrantyProvisionMember 2021-12-31 0000717826 eric:ProvisionForShareBasedPaymentsMember 2021-12-31 0000717826 ifrs-full:MiscellaneousOtherProvisionsMember 2021-12-31 0000717826 ifrs-full:LaterThanTenYearsAndNotLaterThanFifteenYearsMember eric:CradlepointMember 2021-12-31 0000717826 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember eric:CashGeneratingUnitMember 2021-12-31 0000717826 eric:Borrowings1Member 2021-12-31 0000717826 eric:TradePayablesMember 2021-12-31 0000717826 eric:ManagedServicesMember 2021-12-31 0000717826 eric:CradlepointMember 2021-12-31 0000717826 eric:IconectivMember 2021-12-31 0000717826 eric:EmodoMember 2021-12-31 0000717826 eric:RedBeeMediaMember 2021-12-31 0000717826 eric:EricssonSupplierPaymentsProgramMember 2020-12-31 0000717826 eric:OthersMember 2020-12-31 0000717826 ifrs-full:ContractAssetsMember 2020-12-31 0000717826 eric:SeperatedEmployeesMember 2020-12-31 0000717826 eric:HiredEmployeesMember 2020-12-31 0000717826 eric:TemporaryEmployeeMember 2020-12-31 0000717826 ifrs-full:ContingentLiabilityForGuaranteesMember 2020-12-31 0000717826 eric:OtherCountriesMember 2020-12-31 0000717826 country:GB 2020-12-31 0000717826 country:US 2020-12-31 0000717826 country:SE 2020-12-31 0000717826 eric:OtherAccruedExpensesMember 2020-12-31 0000717826 eric:SuppliersMember 2020-12-31 0000717826 eric:EmployeeRelatedMember 2020-12-31 0000717826 eric:CurrencyDerivativesMember ifrs-full:CashFlowHedgesMember 2020-12-31 0000717826 eric:MediaKindMember 2020-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember 2020-12-31 0000717826 eric:NorthEastAsiaMember 2020-12-31 0000717826 srt:NorthAmericaMember 2020-12-31 0000717826 eric:EuropeAndLatinAmericaMember 2020-12-31 0000717826 eric:MiddleEastAndAfricaMember 2020-12-31 0000717826 srt:EuropeMember 2020-12-31 0000717826 ifrs-full:BusinessCombinationsMember 2020-12-31 0000717826 eric:NotDueMember eric:CountryRiskLowMember 2020-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CountryRiskLowMember 2020-12-31 0000717826 eric:CountryRiskLowMember ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember 2020-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember eric:CountryRiskLowMember 2020-12-31 0000717826 ifrs-full:LaterThanOneYearMember eric:CountryRiskLowMember 2020-12-31 0000717826 eric:CountryRiskLowMember 2020-12-31 0000717826 eric:NotDueMember eric:CountryRiskMediumMember 2020-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CountryRiskMediumMember 2020-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember eric:CountryRiskMediumMember 2020-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember eric:CountryRiskMediumMember 2020-12-31 0000717826 ifrs-full:LaterThanOneYearMember eric:CountryRiskMediumMember 2020-12-31 0000717826 eric:CountryRiskMediumMember 2020-12-31 0000717826 eric:NotDueMember eric:CountryRiskHighMember 2020-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CountryRiskHighMember 2020-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember eric:CountryRiskHighMember 2020-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember eric:CountryRiskHighMember 2020-12-31 0000717826 eric:CountryRiskHighMember ifrs-full:LaterThanOneYearMember 2020-12-31 0000717826 eric:CountryRiskHighMember 2020-12-31 0000717826 eric:NotDueMember 2020-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember 2020-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember 2020-12-31 0000717826 ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember 2020-12-31 0000717826 ifrs-full:LaterThanOneYearMember 2020-12-31 0000717826 ifrs-full:WhollyUnfundedDefinedBenefitPlansMember 2020-12-31 0000717826 eric:OtherCountriesMember ifrs-full:WhollyUnfundedDefinedBenefitPlansMember 2020-12-31 0000717826 ifrs-full:WhollyUnfundedDefinedBenefitPlansMember country:US 2020-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember 2020-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember eric:OtherCountriesMember 2020-12-31 0000717826 country:GB ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember 2020-12-31 0000717826 ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember country:US 2020-12-31 0000717826 country:SE ifrs-full:WhollyOrPartlyFundedDefinedBenefitPlansMember 2020-12-31 0000717826 ifrs-full:AssociatesMember 2020-12-31 0000717826 eric:ClassBSharesMember 2020-12-31 0000717826 eric:OtherCurrentAssetsMember 2020-12-31 0000717826 eric:CustomerFinanceMember 2020-12-31 0000717826 eric:CustomerFinanceMember ifrs-full:Level3OfFairValueHierarchyMember 2020-12-31 0000717826 eric:InterestBearingLiabilitiesMember 2020-12-31 0000717826 ifrs-full:Level1OfFairValueHierarchyMember eric:InterestBearingLiabilitiesMember 2020-12-31 0000717826 eric:CashEquivalents2Member 2020-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:CashEquivalents2Member 2020-12-31 0000717826 eric:OtherFinancialAssetMember 2020-12-31 0000717826 ifrs-full:Level3OfFairValueHierarchyMember eric:OtherFinancialAssetMember 2020-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:OtherCurrentAssetsMember 2020-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember 2020-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember 2020-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember 2020-12-31 0000717826 eric:DivestmentsMember 2020-12-31 0000717826 eric:DeferredTaxAssetsAndLiabilitiesBeforeNettingMember 2020-12-31 0000717826 ifrs-full:UnusedTaxLossesMember 2020-12-31 0000717826 eric:PostEmploymentBenefitsMember 2020-12-31 0000717826 eric:CurrentAssetsMember 2020-12-31 0000717826 eric:IntangibleAssetsAndPropertyPlantAndEquipmentMember 2020-12-31 0000717826 ifrs-full:OtherTemporaryDifferencesMember 2020-12-31 0000717826 eric:DeferredTaxCreditsMember 2020-12-31 0000717826 eric:ProvisionsMember 2020-12-31 0000717826 eric:IntellectualPropertyRightsBrandsAndOtherIntangibleAssetsMember 2020-12-31 0000717826 ifrs-full:ClassesOfAssetsMember eric:InterestRateDerivativesMember 2020-12-31 0000717826 ifrs-full:ClassesOfAssetsMember eric:CurrencyDerivativesMember 2020-12-31 0000717826 ifrs-full:NotLaterThanOneYearMember eric:ContractualObligationsMember 2020-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanThreeYearsMember eric:ContractualObligationsMember 2020-12-31 0000717826 eric:ContractualObligationsMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFiveYearsMember 2020-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:ContractualObligationsMember 2020-12-31 0000717826 eric:ContractualObligationsMember 2020-12-31 0000717826 eric:CreditRatingAAAMember 2020-12-31 0000717826 eric:CreditRatingAAAMember ifrs-full:LaterThanFiveYearsMember 2020-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember eric:CreditRatingAAAMember 2020-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember eric:CreditRatingAAAMember 2020-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CreditRatingAAAMember 2020-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2020-12-31 0000717826 ifrs-full:LiabilitiesMember eric:CurrencyDerivativesMember 2020-12-31 0000717826 ifrs-full:LiabilitiesMember eric:InterestRateDerivativesMember 2020-12-31 0000717826 ifrs-full:LaterThanThreeMonthsAndNotLaterThanOneYearMember eric:CreditRatingA2P2Member 2020-12-31 0000717826 ifrs-full:NotLaterThanThreeMonthsMember eric:CreditRatingA2P2Member 2020-12-31 0000717826 eric:CreditRatingA2P2Member 2020-12-31 0000717826 ifrs-full:LaterThanFiveYearsMember eric:CreditRatingA2P2Member 2020-12-31 0000717826 ifrs-full:LaterThanOneYearAndNotLaterThanFiveYearsMember eric:CreditRatingA2P2Member 2020-12-31 0000717826 country:SE ifrs-full:UnusedTaxLossesMember 2020-12-31 0000717826 eric:OtherMembersOfExecutiveTeamMember 2020-12-31 0000717826 ifrs-full:TradeReceivablesMember 2020-12-31 0000717826 ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:TradeReceivablesMember 2020-12-31 0000717826 eric:InterestBearingSecuritiesMember 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:CradlepointMember 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember 2020-12-31 0000717826 eric:DigitalServicesMember 2020-12-31 0000717826 eric:NetworksMember 2020-12-31 0000717826 eric:NotesAndBondLoansMember 2020-12-31 0000717826 eric:BilateralLoansMember eric:JuneFifteenTwoThousandTwentyThreeMember 2020-12-31 0000717826 eric:BilateralLoansMember eric:DecemberEighteenTwoThousandTwentyFiveMember 2020-12-31 0000717826 eric:BilateralLoansMember 2020-12-31 0000717826 eric:NotesAndBondLoansMember eric:MarchOneTwoThousandTwentyOneMember 2020-12-31 0000717826 eric:NotesAndBondLoansMember eric:MarchOneTwoThousandTwentyFourMember 2020-12-31 0000717826 eric:NotesAndBondLoansMember eric:DecemberTwentyTwoTwoThousandTwentyFiveMember 2020-12-31 0000717826 eric:NotesAndBondLoansMember eric:DecemberThirtyTwoThousandAndThirtyMember 2020-12-31 0000717826 eric:NotesAndBondLoansMember eric:MayFifteenTwoThousandTwentyTwoMember 2020-12-31 0000717826 eric:JulyThirtyOneTwoThousandTwentyFourMember eric:BilateralLoansMember 2020-12-31 0000717826 eric:NettingOfDeferredTaxAssetsAndLiabilitiesMember 2020-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:ParentCompanyBorrowingsMember 2020-12-31 0000717826 ifrs-full:Level1OfFairValueHierarchyMember eric:ParentCompanyBorrowingsMember 2020-12-31 0000717826 eric:ParentCompanyBorrowingsMember 2020-12-31 0000717826 eric:OtherRegionsMember 2020-12-31 0000717826 eric:EuropeanUnion1Member 2020-12-31 0000717826 country:JP 2020-12-31 0000717826 country:CN 2020-12-31 0000717826 ifrs-full:Level2OfFairValueHierarchyMember eric:OtherCurrentLiabilities1Member 2020-12-31 0000717826 eric:OtherCurrentLiabilities1Member 2020-12-31 0000717826 eric:OtherMember 2020-12-31 0000717826 ifrs-full:RestructuringProvisionMember 2020-12-31 0000717826 eric:CustomerRelatedProvisionMember 2020-12-31 0000717826 eric:SuppliersRelatedProvisionMember 2020-12-31 0000717826 ifrs-full:WarrantyProvisionMember 2020-12-31 0000717826 eric:ProvisionForShareBasedPaymentsMember 2020-12-31 0000717826 ifrs-full:MiscellaneousOtherProvisionsMember 2020-12-31 0000717826 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2020-12-31 0000717826 eric:TradePayablesMember 2020-12-31 0000717826 eric:Borrowings1Member 2020-12-31 0000717826 eric:ManagedServicesMember 2020-12-31 0000717826 eric:IconectivMember 2020-12-31 0000717826 eric:EmodoMember 2020-12-31 0000717826 eric:RedBeeMediaMember 2020-12-31 0000717826 eric:DivestmentsMember 2020-01-01 2020-12-31 0000717826 eric:HardwareMember 2020-01-01 2020-12-31 0000717826 eric:SoftwareMember 2020-01-01 2020-12-31 0000717826 eric:ServicesMember 2020-01-01 2020-12-31 0000717826 eric:SellingAndAdministrationExpensesMember 2020-01-01 2020-12-31 0000717826 eric:ResearchAndDevelopmentMember 2020-01-01 2020-12-31 0000717826 ifrs-full:CostOfSalesMember 2020-01-01 2020-12-31 0000717826 eric:EmployeeRemunerationMember 2020-01-01 2020-12-31 0000717826 eric:EuropeanInvestmentBankCreditFacilityMember 2020-01-01 2020-12-31 0000717826 eric:OtherCountriesMember 2020-01-01 2020-12-31 0000717826 country:GB 2020-01-01 2020-12-31 0000717826 country:US 2020-01-01 2020-12-31 0000717826 country:SE 2020-01-01 2020-12-31 0000717826 eric:CashFlowFromBusinessCombinationMember 2020-01-01 2020-12-31 0000717826 eric:AcquisitionOrDivestmentsOfOtherInvestmentMember 2020-01-01 2020-12-31 0000717826 ifrs-full:LiabilitiesArisingFromFinancingActivitiesMember 2020-01-01 2020-12-31 0000717826 eric:DeloitteMember 2020-01-01 2020-12-31 0000717826 eric:OthersMember 2020-01-01 2020-12-31 0000717826 eric:EricssonNikolaTeslaDDMember country:HR 2020-01-01 2020-12-31 0000717826 eric:MediaKindMember 2020-01-01 2020-12-31 0000717826 ifrs-full:ParentMember eric:WomenMember 2020-01-01 2020-12-31 0000717826 ifrs-full:ParentMember eric:MenMember 2020-01-01 2020-12-31 0000717826 ifrs-full:SubsidiariesMember eric:WomenMember 2020-01-01 2020-12-31 0000717826 eric:MenMember ifrs-full:SubsidiariesMember 2020-01-01 2020-12-31 0000717826 eric:FitchMember 2020-01-01 2020-12-31 0000717826 eric:StandardAndPoorsMember 2020-01-01 2020-12-31 0000717826 eric:MoodysMember 2020-01-01 2020-12-31 0000717826 ifrs-full:FinancialAssetsAtAmortisedCostMember 2020-01-01 2020-12-31 0000717826 eric:OtherFinancialExpensesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:RestructuringProvisionMember 2020-01-01 2020-12-31 0000717826 eric:CustomerRelatedProvisionMember 2020-01-01 2020-12-31 0000717826 eric:SuppliersRelatedProvisionMember 2020-01-01 2020-12-31 0000717826 ifrs-full:WarrantyProvisionMember 2020-01-01 2020-12-31 0000717826 ifrs-full:MiscellaneousOtherProvisionsMember 2020-01-01 2020-12-31 0000717826 eric:ProvisionForShareBasedPaymentsMember 2020-01-01 2020-12-31 0000717826 eric:DivestmentsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AssociatesMember 2020-01-01 2020-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember 2020-01-01 2020-12-31 0000717826 eric:NorthEastAsiaMember eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:MaleEmployeeMember eric:NorthEastAsiaMember 2020-01-01 2020-12-31 0000717826 eric:NorthEastAsiaMember 2020-01-01 2020-12-31 0000717826 srt:NorthAmericaMember eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 srt:NorthAmericaMember eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 srt:NorthAmericaMember 2020-01-01 2020-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:EuropeAndLatinAmericaMember 2020-01-01 2020-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:MiddleEastAndAfricaMember eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:MiddleEastAndAfricaMember 2020-01-01 2020-12-31 0000717826 eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 eric:FemaleEmployeeMember srt:EuropeMember 2020-01-01 2020-12-31 0000717826 srt:EuropeMember eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 srt:EuropeMember 2020-01-01 2020-12-31 0000717826 country:SE eric:FemaleEmployeeMember 2020-01-01 2020-12-31 0000717826 country:SE eric:MaleEmployeeMember 2020-01-01 2020-12-31 0000717826 ifrs-full:BusinessCombinationsMember 2020-01-01 2020-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember eric:BoardOfDirectorsMember 2020-01-01 2020-12-31 0000717826 eric:OtherMembersOfExecutiveTeamMember eric:BoardOfDirectorsMember 2020-01-01 2020-12-31 0000717826 eric:BoardOfDirectorsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:EmergingBusinessAndOtherMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ManagedServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:DigitalServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:NetworksMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:EmergingBusinessAndOtherMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:ManagedServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:DigitalServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:NetworksMember 2020-01-01 2020-12-31 0000717826 eric:ProductsMember ifrs-full:OperatingSegmentsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:EmergingBusinessAndOtherMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:ManagedServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:DigitalServicesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:NetworksMember 2020-01-01 2020-12-31 0000717826 eric:PropertyPlantAndEquipmentsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:RightofuseAssetsMember 2020-01-01 2020-12-31 0000717826 eric:IntangibleAssetAndGoodwillMember 2020-01-01 2020-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentOtherFinancialAssetsMember 2020-01-01 2020-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentInterestBearingSecuritiesMember 2020-01-01 2020-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:OtherInvestmentInSharesAndParticipationsMember 2020-01-01 2020-12-31 0000717826 eric:LeaseInterestExpenseMember 2020-01-01 2020-12-31 0000717826 eric:ContractualInterestOnFinancialLiabilitiesCategoryMember 2020-01-01 2020-12-31 0000717826 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2020-01-01 2020-12-31 0000717826 eric:CradlepointMember 2020-01-01 2020-12-31 0000717826 ifrs-full:MajorOrdinaryShareTransactionsMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember eric:IprLicensingRevenuesMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember eric:IprLicensingRevenuesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember 2020-01-01 2020-12-31 0000717826 eric:IntellectualPropertyRightsBrandsAndOtherIntangibleAssetsMember 2020-01-01 2020-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember ifrs-full:CapitalisedDevelopmentExpenditureMember 2020-01-01 2020-12-31 0000717826 eric:ExecutivePerformancePlanMember 2020-01-01 2020-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2020-01-01 2020-12-31 0000717826 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2020-01-01 2020-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember 2020-01-01 2020-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-01-01 2020-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-01-01 2020-12-31 0000717826 eric:EricssonPensionsstiftelseMember 2020-01-01 2020-12-31 0000717826 eric:SecondLargestCustomersMember 2020-01-01 2020-12-31 0000717826 eric:LargestCustomerMember 2020-01-01 2020-12-31 0000717826 eric:TenLargestCustomersMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0000717826 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2020-01-01 2020-12-31 0000717826 ifrs-full:ReserveOfCashFlowHedgesMember 2020-01-01 2020-12-31 0000717826 eric:RevaluationOfBorrowingsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OtherReservesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:OtherMember 2020-01-01 2020-12-31 0000717826 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 ifrs-full:PlanAssetsMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember eric:SouthEastAsiaOceaniaAndIndiaMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember eric:SouthEastAsiaOceaniaAndIndiaMember 2020-01-01 2020-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:ManagedServicesMember 2020-01-01 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:SouthEastAsiaOceaniaAndIndiaMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember eric:NorthEastAsiaMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember eric:NorthEastAsiaMember 2020-01-01 2020-12-31 0000717826 eric:ManagedServicesMember eric:NorthEastAsiaMember 2020-01-01 2020-12-31 0000717826 eric:NorthEastAsiaMember eric:EmergingBusinessAndOtherMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember srt:NorthAmericaMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember srt:NorthAmericaMember 2020-01-01 2020-12-31 0000717826 eric:ManagedServicesMember srt:NorthAmericaMember 2020-01-01 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember srt:NorthAmericaMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember eric:EuropeAndLatinAmericaMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember eric:EuropeAndLatinAmericaMember 2020-01-01 2020-12-31 0000717826 eric:ManagedServicesMember eric:EuropeAndLatinAmericaMember 2020-01-01 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:EuropeAndLatinAmericaMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember eric:MiddleEastAndAfricaMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember eric:MiddleEastAndAfricaMember 2020-01-01 2020-12-31 0000717826 eric:ManagedServicesMember eric:MiddleEastAndAfricaMember 2020-01-01 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:MiddleEastAndAfricaMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember eric:OtherRegionsMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember eric:OtherRegionsMember 2020-01-01 2020-12-31 0000717826 eric:ManagedServicesMember eric:OtherRegionsMember 2020-01-01 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:OtherRegionsMember 2020-01-01 2020-12-31 0000717826 eric:OtherRegionsMember 2020-01-01 2020-12-31 0000717826 eric:NetworksMember 2020-01-01 2020-12-31 0000717826 eric:DigitalServicesMember 2020-01-01 2020-12-31 0000717826 eric:ManagedServicesMember 2020-01-01 2020-12-31 0000717826 eric:EmergingBusinessAndOtherMember 2020-01-01 2020-12-31 0000717826 eric:EuropeanUnion1Member 2020-01-01 2020-12-31 0000717826 country:JP 2020-01-01 2020-12-31 0000717826 country:CN 2020-01-01 2020-12-31 0000717826 eric:TwoThousandTwentyGroupOperatingIncomeMember 2020-01-01 2020-12-31 0000717826 eric:AbsoluteTsrMember 2020-01-01 2020-12-31 0000717826 eric:RelativeTSRMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-01-01 2020-12-31 0000717826 ifrs-full:RetainedEarningsMember 2020-01-01 2020-12-31 0000717826 eric:ClassBSharesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:ConstructionInProgressAndAdvancePaymentsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:OtherEquipmentToolsAndInstallationsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:MachineryAndOtherTechnicalAssetsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 ifrs-full:TopOfRangeMember eric:InterestBearingLiabilitiesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedImpairmentMember 2020-01-01 2020-12-31 0000717826 eric:FairValueAbsoluteTSRMember eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2020-01-01 2020-12-31 0000717826 eric:FairValueRelativeTSRMember eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2020-01-01 2020-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodOneMember 2020-01-01 2020-12-31 0000717826 eric:ShareBasedPaymentArrangementVestingPeriodTwoMember eric:KeyContributorPlanMember 2020-01-01 2020-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodThreeMember 2020-01-01 2020-12-31 0000717826 eric:FairValueAbsoluteTSRMember eric:ExecutivePerformancePlanMember 2020-01-01 2020-12-31 0000717826 eric:FairValueRelativeTSRMember eric:ExecutivePerformancePlanMember 2020-01-01 2020-12-31 0000717826 eric:RealEstate1Member ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:MachineryAndOtherTechnicalAssetsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherEquipmentToolsAndInstallationsMember 2020-01-01 2020-12-31 0000717826 eric:ConstructionInProgressAndAdvancePaymentsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:MachineryAndOtherTechnicalAssetsMember 2020-01-01 2020-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember ifrs-full:AccumulatedImpairmentMember 2020-01-01 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:ConstructionInProgressAndAdvancePaymentsMember 2020-01-01 2020-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:TwoThousandTwentyGroupOperatingIncomeMember 2020-01-01 2020-12-31 0000717826 eric:AbsoluteTsrMember ifrs-full:BottomOfRangeMember 2020-01-01 2020-12-31 0000717826 eric:RelativeTSRMember ifrs-full:BottomOfRangeMember 2020-01-01 2020-12-31 0000717826 ifrs-full:TopOfRangeMember eric:RelativeTSRMember 2020-01-01 2020-12-31 0000717826 eric:TwoThousandTwentyGroupOperatingIncomeMember ifrs-full:TopOfRangeMember 2020-01-01 2020-12-31 0000717826 eric:AbsoluteTsrMember ifrs-full:TopOfRangeMember 2020-01-01 2020-12-31 0000717826 ifrs-full:BottomOfRangeMember 2020-01-01 2020-12-31 0000717826 ifrs-full:TopOfRangeMember 2020-01-01 2020-12-31 0000717826 ifrs-full:OtherAssetsMember 2020-01-01 2020-12-31 0000717826 eric:AssetsHeldMember 2020-01-01 2020-12-31 0000717826 ifrs-full:InvestmentFundsMember 2020-01-01 2020-12-31 0000717826 eric:RealEstate1Member 2020-01-01 2020-12-31 0000717826 ifrs-full:DebtSecuritiesMember 2020-01-01 2020-12-31 0000717826 eric:EquitySecurities1Member 2020-01-01 2020-12-31 0000717826 eric:CashAndCashEquivalentMember 2020-01-01 2020-12-31 0000717826 ifrs-full:VehiclesMember 2020-01-01 2020-12-31 0000717826 eric:OtherMember 2020-01-01 2020-12-31 0000717826 eric:PerformanceShareAwardsMember eric:OtherParticipantsMember ifrs-full:TopOfRangeMember 2020-01-01 2020-12-31 0000717826 eric:PerformanceShareAwardsMember eric:OtherParticipantsMember ifrs-full:BottomOfRangeMember 2020-01-01 2020-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember eric:PerformanceShareAwardsMember 2020-01-01 2020-12-31 0000717826 eric:ExecutivePerformancePlan2020Member 2020-01-01 2020-12-31 0000717826 eric:ExecutivePerformancePlan2020Member ifrs-full:ForeignCountriesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:CountryOfDomicileMember eric:ExecutivePerformancePlan2020Member 2020-01-01 2020-12-31 0000717826 eric:KeyContributorPlan2020Member eric:RetentionOfKeyEmployeesMember 2020-01-01 2020-12-31 0000717826 ifrs-full:ReportingYearMember 2020-01-01 2020-12-31 0000717826 eric:DivestmentsMember 2019-01-01 2019-12-31 0000717826 eric:HardwareMember 2019-01-01 2019-12-31 0000717826 eric:SoftwareMember 2019-01-01 2019-12-31 0000717826 eric:ServicesMember 2019-01-01 2019-12-31 0000717826 eric:SellingAndAdministrationExpensesMember 2019-01-01 2019-12-31 0000717826 eric:ResearchAndDevelopmentMember 2019-01-01 2019-12-31 0000717826 ifrs-full:CostOfSalesMember 2019-01-01 2019-12-31 0000717826 eric:OtherCountriesMember 2019-01-01 2019-12-31 0000717826 country:GB 2019-01-01 2019-12-31 0000717826 country:US 2019-01-01 2019-12-31 0000717826 country:SE 2019-01-01 2019-12-31 0000717826 eric:AcquisitionOrDivestmentsOfOtherInvestmentMember 2019-01-01 2019-12-31 0000717826 eric:CashFlowFromBusinessCombinationMember 2019-01-01 2019-12-31 0000717826 eric:PWCMember 2019-01-01 2019-12-31 0000717826 eric:OthersMember 2019-01-01 2019-12-31 0000717826 eric:EricssonNikolaTeslaDDMember country:HR 2019-01-01 2019-12-31 0000717826 ifrs-full:FinancialAssetsAtAmortisedCostMember 2019-01-01 2019-12-31 0000717826 eric:OtherFinancialExpensesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:EmergingBusinessAndOtherMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember ifrs-full:OperatingSegmentsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:DigitalServicesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:NetworksMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:ServicesMember ifrs-full:OperatingSegmentsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:ManagedServicesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:DigitalServicesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ServicesMember eric:NetworksMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:EmergingBusinessAndOtherMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:ManagedServicesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:DigitalServicesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OperatingSegmentsMember eric:ProductsMember eric:NetworksMember 2019-01-01 2019-12-31 0000717826 eric:PropertyPlantAndEquipmentsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:RightofuseAssetsMember 2019-01-01 2019-12-31 0000717826 eric:IntangibleAssetAndGoodwillMember 2019-01-01 2019-12-31 0000717826 eric:LeaseInterestExpenseMember 2019-01-01 2019-12-31 0000717826 eric:ContractualInterestOnFinancialLiabilitiesCategoryMember 2019-01-01 2019-12-31 0000717826 ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMember 2019-01-01 2019-12-31 0000717826 ifrs-full:MajorOrdinaryShareTransactionsMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember eric:IprLicensingRevenuesMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember eric:IprLicensingRevenuesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember 2019-01-01 2019-12-31 0000717826 eric:IntellectualPropertyRightsBrandsAndOtherIntangibleAssetsMember 2019-01-01 2019-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2019-01-01 2019-12-31 0000717826 eric:ExecutivePerformancePlanMember 2019-01-01 2019-12-31 0000717826 ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember 2019-01-01 2019-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember 2019-01-01 2019-12-31 0000717826 ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:RetainedEarningsMember 2019-01-01 2019-12-31 0000717826 eric:TenLargestCustomersMember 2019-01-01 2019-12-31 0000717826 eric:SecondLargestCustomersMember 2019-01-01 2019-12-31 0000717826 eric:LargestCustomerMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember eric:SouthEastAsiaOceaniaAndIndiaMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember eric:SouthEastAsiaOceaniaAndIndiaMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember eric:SouthEastAsiaOceaniaAndIndiaMember 2019-01-01 2019-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember eric:EmergingBusinessAndOtherMember 2019-01-01 2019-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember eric:NorthEastAsiaMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember eric:NorthEastAsiaMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember eric:NorthEastAsiaMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:NorthEastAsiaMember 2019-01-01 2019-12-31 0000717826 eric:NorthEastAsiaMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember srt:NorthAmericaMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember srt:NorthAmericaMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember srt:NorthAmericaMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember srt:NorthAmericaMember 2019-01-01 2019-12-31 0000717826 srt:NorthAmericaMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember eric:EuropeAndLatinAmericaMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember eric:EuropeAndLatinAmericaMember 2019-01-01 2019-12-31 0000717826 eric:EuropeAndLatinAmericaMember eric:ManagedServicesMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:EuropeAndLatinAmericaMember 2019-01-01 2019-12-31 0000717826 eric:EuropeAndLatinAmericaMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember eric:MiddleEastAndAfricaMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember eric:MiddleEastAndAfricaMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember eric:MiddleEastAndAfricaMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:MiddleEastAndAfricaMember 2019-01-01 2019-12-31 0000717826 eric:MiddleEastAndAfricaMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember eric:OtherRegionsMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember eric:OtherRegionsMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember eric:OtherRegionsMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember eric:OtherRegionsMember 2019-01-01 2019-12-31 0000717826 eric:OtherRegionsMember 2019-01-01 2019-12-31 0000717826 eric:NetworksMember 2019-01-01 2019-12-31 0000717826 eric:DigitalServicesMember 2019-01-01 2019-12-31 0000717826 eric:ManagedServicesMember 2019-01-01 2019-12-31 0000717826 eric:EmergingBusinessAndOtherMember 2019-01-01 2019-12-31 0000717826 eric:EuropeanUnion1Member 2019-01-01 2019-12-31 0000717826 country:JP 2019-01-01 2019-12-31 0000717826 country:CN 2019-01-01 2019-12-31 0000717826 eric:RelativeTSRMember 2019-01-01 2019-12-31 0000717826 eric:TwoThousandNineteenGroupOperatingIncomeMember 2019-01-01 2019-12-31 0000717826 eric:AbsoluteTsrMember 2019-01-01 2019-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-01-01 2019-12-31 0000717826 ifrs-full:RetainedEarningsMember 2019-01-01 2019-12-31 0000717826 eric:LongtermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember eric:FairValueAbsoluteTSRMember 2019-01-01 2019-12-31 0000717826 eric:FairValueRelativeTSRMember eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2019-01-01 2019-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodOneMember 2019-01-01 2019-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodTwoMember 2019-01-01 2019-12-31 0000717826 eric:KeyContributorPlanMember eric:ShareBasedPaymentArrangementVestingPeriodThreeMember 2019-01-01 2019-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:FairValueAbsoluteTSRMember 2019-01-01 2019-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:FairValueRelativeTSRMember 2019-01-01 2019-12-31 0000717826 eric:TwoThousandNineteenGroupOperatingIncomeMember ifrs-full:BottomOfRangeMember 2019-01-01 2019-12-31 0000717826 eric:RelativeTSRMember ifrs-full:BottomOfRangeMember 2019-01-01 2019-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:AbsoluteTsrMember 2019-01-01 2019-12-31 0000717826 eric:TwoThousandNineteenGroupOperatingIncomeMember ifrs-full:TopOfRangeMember 2019-01-01 2019-12-31 0000717826 eric:AbsoluteTsrMember ifrs-full:TopOfRangeMember 2019-01-01 2019-12-31 0000717826 ifrs-full:TopOfRangeMember eric:RelativeTSRMember 2019-01-01 2019-12-31 0000717826 ifrs-full:OtherReservesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:BottomOfRangeMember 2019-01-01 2019-12-31 0000717826 ifrs-full:TopOfRangeMember 2019-01-01 2019-12-31 0000717826 ifrs-full:BusinessCombinationsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:TopOfRangeMember eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2019-01-01 2019-12-31 0000717826 eric:PerformanceShareAwardsMember eric:PresidentAndChiefExecutiveOfficerMember 2019-01-01 2019-12-31 0000717826 eric:ExecutivePerformancePlan2019Member 2019-01-01 2019-12-31 0000717826 eric:KeyContributorPlan2019Member eric:RetentionOfKeyEmployeesMember 2019-01-01 2019-12-31 0000717826 ifrs-full:PurchasedCallOptionsMember 2019-01-01 2019-12-31 0000717826 ifrs-full:ReportingYearMember 2019-01-01 2019-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2018-01-01 2018-12-31 0000717826 eric:ExecutivePerformancePlanMember 2018-01-01 2018-12-31 0000717826 eric:TwoThousandEighteenGroupOperatingIncomeMember 2018-01-01 2018-12-31 0000717826 eric:AbsoluteTsrMember 2018-01-01 2018-12-31 0000717826 eric:RelativeTSRMember 2018-01-01 2018-12-31 0000717826 eric:FairValueAbsoluteTSRMember eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2018-01-01 2018-12-31 0000717826 eric:LongtermVariableCompensationProgramMember eric:ExecutiveTeamPlansMember eric:FairValueRelativeTSRMember 2018-01-01 2018-12-31 0000717826 eric:KeyContributorPlanMember 2018-01-01 2018-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:FairValueAbsoluteTSRMember 2018-01-01 2018-12-31 0000717826 eric:ExecutivePerformancePlanMember eric:FairValueRelativeTSRMember 2018-01-01 2018-12-31 0000717826 eric:TwoThousandEighteenGroupOperatingIncomeMember ifrs-full:BottomOfRangeMember 2018-01-01 2018-12-31 0000717826 eric:AbsoluteTsrMember ifrs-full:BottomOfRangeMember 2018-01-01 2018-12-31 0000717826 eric:RelativeTSRMember ifrs-full:BottomOfRangeMember 2018-01-01 2018-12-31 0000717826 eric:TwoThousandEighteenGroupOperatingIncomeMember ifrs-full:TopOfRangeMember 2018-01-01 2018-12-31 0000717826 eric:AbsoluteTsrMember ifrs-full:TopOfRangeMember 2018-01-01 2018-12-31 0000717826 ifrs-full:TopOfRangeMember eric:RelativeTSRMember 2018-01-01 2018-12-31 0000717826 ifrs-full:BottomOfRangeMember 2018-01-01 2018-12-31 0000717826 ifrs-full:TopOfRangeMember 2018-01-01 2018-12-31 0000717826 ifrs-full:TopOfRangeMember eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2018-01-01 2018-12-31 0000717826 ifrs-full:BottomOfRangeMember eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2018-01-01 2018-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember eric:PerformanceShareAwardsMember 2018-01-01 2018-12-31 0000717826 eric:OtherParticipantsMember eric:PerformanceShareAwardsMember 2018-01-01 2018-12-31 0000717826 eric:BoardOfDirectorsMember 2018-01-01 2018-12-31 0000717826 eric:BoardOfDirectorsMember eric:AbsoluteTsrMember 2018-01-01 2018-12-31 0000717826 eric:ExecutivePerformancePlan2018Member 2018-01-01 2018-12-31 0000717826 eric:RetentionOfKeyEmployeesMember eric:KeyContributorPlan2018Member 2018-01-01 2018-12-31 0000717826 ifrs-full:BusinessCombinationsMember 2019-12-31 0000717826 eric:ClassBSharesMember 2019-12-31 0000717826 eric:DivestmentsMember 2019-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2019-12-31 0000717826 eric:SouthEastAsiaOceaniaAndIndiaMember 2019-12-31 0000717826 eric:NorthEastAsiaMember 2019-12-31 0000717826 srt:NorthAmericaMember 2019-12-31 0000717826 eric:EuropeAndLatinAmericaMember 2019-12-31 0000717826 eric:MiddleEastAndAfricaMember 2019-12-31 0000717826 eric:OtherRegionsMember 2019-12-31 0000717826 eric:EuropeanUnion1Member 2019-12-31 0000717826 country:SE 2019-12-31 0000717826 country:US 2019-12-31 0000717826 country:JP 2019-12-31 0000717826 country:CN 2019-12-31 0000717826 ifrs-full:PurchasedCallOptionsMember 2019-12-31 0000717826 eric:ExecutiveTeamPlansMember eric:LongtermVariableCompensationProgramMember 2018-12-31 0000717826 ifrs-full:PurchasedCallOptionsMember 2016-01-01 2016-12-31 0000717826 ifrs-full:PurchasedCallOptionsMember 2016-12-31 0000717826 ifrs-full:ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember 2019-01-01 2019-01-01 0000717826 ifrs-full:ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember 2021-01-01 2021-01-01 0000717826 ifrs-full:CashFlowHedgesMember 2022-01-01 2022-12-31 0000717826 eric:DefinedBenefitOtherPlansMember 2022-01-01 0000717826 eric:QuortusMember 2021-11-11 2021-11-11 0000717826 eric:EuroMediumTermNoteProgramMember 2021-03-01 2021-03-31 0000717826 eric:EuroMediumTermNoteProgramMember 2021-05-01 2021-05-31 0000717826 eric:EuropeanInvestmentBankCreditFacilityMember 2021-06-01 2021-06-30 0000717826 eric:NewSustainabilityLinkedRevolvingCreditFacilityMember 2021-09-01 2021-09-30 0000717826 eric:MulticurrencyRevolvingCreditFacilityMember 2021-09-01 2021-09-30 0000717826 ifrs-full:MajorOrdinaryShareTransactionsMember 2022-03-31 2022-03-31 0000717826 ifrs-full:MajorOrdinaryShareTransactionsMember 2022-09-30 2022-09-30 0000717826 eric:CradlepointMember 2020-11-01 0000717826 eric:EuroMediumTermNoteMember eric:BondsIssuedMember 2022-02-08 0000717826 eric:VonageHoldingsCorpMember eric:VonageAcquisitionMember 2021-11-30 0000717826 ifrs-full:LiabilitiesArisingFromFinancingActivitiesMember 2020-12-31 0000717826 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2020-12-31 0000717826 ifrs-full:ReserveOfCashFlowHedgesMember 2020-12-31 0000717826 eric:RevaluationOfBorrowingsMember 2020-12-31 0000717826 ifrs-full:OtherReservesMember 2020-12-31 0000717826 ifrs-full:PlanAssetsMember 2020-12-31 0000717826 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2020-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:OtherInvestmentInSharesAndParticipationsMember 2020-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentInterestBearingSecuritiesMember 2020-12-31 0000717826 eric:NoncurrentOtherFinancialAssetsMember eric:NonCurrentFinancialAssetsMember 2020-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedImpairmentMember 2020-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:AccumulatedImpairmentMember 2020-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedImpairmentMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:IPRBrandsAndOtherIntangibleAssetsMember 2020-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 ifrs-full:LiabilitiesArisingFromFinancingActivitiesMember 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 eric:OtherMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 eric:RealEstate1Member ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember 2020-12-31 0000717826 eric:RealEstate1Member eric:AdjustmentRelatedToFinancialSubleaseMember 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2020-12-31 0000717826 ifrs-full:IssuedCapitalMember 2020-12-31 0000717826 ifrs-full:AdditionalPaidinCapitalMember 2020-12-31 0000717826 ifrs-full:RetainedEarningsMember 2020-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2020-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:OtherInvestmentInSharesAndParticipationsMember 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:ConstructionInProgressAndAdvancePaymentsMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:ConstructionInProgressAndAdvancePaymentsMember 2020-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:MachineryAndOtherTechnicalAssetsMember 2020-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2020-12-31 0000717826 eric:ConstructionInProgressAndAdvancePaymentsMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:OtherEquipmentToolsAndInstallationsMember 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:MachineryAndOtherTechnicalAssetsMember 2020-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:OtherEquipmentToolsAndInstallationsMember 2020-12-31 0000717826 eric:MachineryAndOtherTechnicalAssetsMember ifrs-full:AccumulatedImpairmentMember 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2020-12-31 0000717826 eric:NoncurrentInterestBearingSecuritiesMember eric:NonCurrentFinancialAssetsMember 2021-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentOtherFinancialAssetsMember 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:IPRBrandsAndOtherIntangibleAssetsMember 2021-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:AccumulatedImpairmentMember 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedImpairmentMember 2021-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:IPRBrandsAndOtherIntangibleAssetsMember 2021-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember 2021-12-31 0000717826 ifrs-full:GoodwillMember 2021-12-31 0000717826 eric:MembersOfExecutiveBoardMember eric:TwoThousandTwentyLongTermVariableCompensationProgramMember 2020-12-31 0000717826 eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2020-12-31 0000717826 eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:MembersOfExecutiveBoardMember 2020-12-31 0000717826 eric:MembersOfExecutiveBoardMember 2020-12-31 0000717826 eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2020-12-31 0000717826 eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2020-12-31 0000717826 eric:TwoThousandEighteenLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2020-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember 2020-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherMember 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 eric:OtherMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 eric:RealEstate1Member ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember 2021-12-31 0000717826 eric:RealEstate1Member eric:AdjustmentRelatedToFinancialSubleaseMember 2021-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember 2021-12-31 0000717826 eric:ConstructionInProgressAndAdvancePaymentsMember 2021-12-31 0000717826 eric:RealEstate1Member 2021-12-31 0000717826 eric:MachineryAndOtherTechnicalAssetsMember 2021-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:ConstructionInProgressAndAdvancePaymentsMember 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:OtherEquipmentToolsAndInstallationsMember 2021-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:MachineryAndOtherTechnicalAssetsMember 2021-12-31 0000717826 eric:RealEstate1Member ifrs-full:AccumulatedImpairmentMember 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:ConstructionInProgressAndAdvancePaymentsMember 2021-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:MachineryAndOtherTechnicalAssetsMember 2021-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2021-12-31 0000717826 eric:ConstructionInProgressAndAdvancePaymentsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:OtherEquipmentToolsAndInstallationsMember 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:MachineryAndOtherTechnicalAssetsMember 2021-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2021-12-31 0000717826 eric:TwoThousandTwentyOneLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2021-12-31 0000717826 eric:TwoThousandTwentyLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2021-12-31 0000717826 eric:TwoThousandNineteenLongTermVariableCompensationProgramMember eric:PresidentAndChiefExecutiveOfficerMember 2021-12-31 0000717826 eric:PresidentAndChiefExecutiveOfficerMember 2021-12-31 0000717826 ifrs-full:Level3OfFairValueHierarchyMember eric:InvestmentInSharesAndParticipationsMember 2020-12-31 0000717826 ifrs-full:Level3OfFairValueHierarchyMember eric:InvestmentInSharesAndParticipationsMember 2021-12-31 0000717826 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0000717826 ifrs-full:PlanAssetsMember 2021-12-31 0000717826 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2021-12-31 0000717826 ifrs-full:ReserveOfCashFlowHedgesMember 2021-12-31 0000717826 eric:RevaluationOfBorrowingsMember 2021-12-31 0000717826 ifrs-full:OtherReservesMember 2021-12-31 0000717826 ifrs-full:AdditionalPaidinCapitalMember 2021-12-31 0000717826 ifrs-full:RetainedEarningsMember 2021-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2021-12-31 0000717826 ifrs-full:LiabilitiesArisingFromFinancingActivitiesMember 2019-12-31 0000717826 ifrs-full:RestructuringProvisionMember 2019-12-31 0000717826 eric:CustomerRelatedProvisionMember 2019-12-31 0000717826 eric:SuppliersRelatedProvisionMember 2019-12-31 0000717826 ifrs-full:WarrantyProvisionMember 2019-12-31 0000717826 ifrs-full:MiscellaneousOtherProvisionsMember 2019-12-31 0000717826 eric:ProvisionForShareBasedPaymentsMember 2019-12-31 0000717826 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 2019-12-31 0000717826 ifrs-full:ReserveOfCashFlowHedgesMember 2019-12-31 0000717826 eric:RevaluationOfBorrowingsMember 2019-12-31 0000717826 ifrs-full:OtherReservesMember 2019-12-31 0000717826 ifrs-full:PlanAssetsMember 2019-12-31 0000717826 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2019-12-31 0000717826 ifrs-full:AssociatesMember 2019-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:OtherInvestmentInSharesAndParticipationsMember 2019-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentInterestBearingSecuritiesMember 2019-12-31 0000717826 eric:NonCurrentFinancialAssetsMember eric:NoncurrentOtherFinancialAssetsMember 2019-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedImpairmentMember 2019-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:AccumulatedImpairmentMember 2019-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedImpairmentMember 2019-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2019-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2019-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:OtherMember 2019-12-31 0000717826 ifrs-full:VehiclesMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2019-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember 2019-12-31 0000717826 eric:AdjustmentRelatedToFinancialSubleaseMember eric:RealEstate1Member 2019-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember 2019-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:OtherMember 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2019-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2019-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-12-31 0000717826 ifrs-full:RetainedEarningsMember 2019-12-31 0000717826 ifrs-full:AdditionalPaidinCapitalMember 2019-12-31 0000717826 ifrs-full:IssuedCapitalMember 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:RealEstate1Member 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:MachineryAndOtherTechnicalAssetsMember 2019-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember ifrs-full:AccumulatedDepreciationAndAmortisationMember 2019-12-31 0000717826 ifrs-full:AccumulatedDepreciationAndAmortisationMember eric:ConstructionInProgressAndAdvancePaymentsMember 2019-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:RealEstate1Member 2019-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:MachineryAndOtherTechnicalAssetsMember 2019-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:OtherEquipmentToolsAndInstallationsMember 2019-12-31 0000717826 ifrs-full:AccumulatedImpairmentMember eric:ConstructionInProgressAndAdvancePaymentsMember 2019-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:ConstructionInProgressAndAdvancePaymentsMember 2019-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 eric:MachineryAndOtherTechnicalAssetsMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0000717826 ifrs-full:GrossCarryingAmountMember eric:RealEstate1Member 2019-12-31 0000717826 eric:IPRBrandsAndOtherIntangibleAssetsMember 2020-12-31 0000717826 ifrs-full:GoodwillMember 2020-12-31 0000717826 ifrs-full:CapitalisedDevelopmentExpenditureMember 2020-12-31 0000717826 eric:RealEstate1Member 2020-12-31 0000717826 eric:MachineryAndOtherTechnicalAssetsMember 2020-12-31 0000717826 eric:OtherEquipmentToolsAndInstallationsMember 2020-12-31 0000717826 eric:ConstructionInProgressAndAdvancePaymentsMember 2020-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember 2018-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:NoncontrollingInterestsMember 2018-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:EquityAttributableToOwnersOfParentMember 2018-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:RetainedEarningsMember 2018-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:OtherReservesMember 2018-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:AdditionalPaidinCapitalMember 2018-12-31 0000717826 ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember ifrs-full:IssuedCapitalMember 2018-12-31 0000717826 ifrs-full:NoncontrollingInterestsMember 2018-12-31 0000717826 ifrs-full:EquityAttributableToOwnersOfParentMember 2018-12-31 0000717826 ifrs-full:RetainedEarningsMember 2018-12-31 0000717826 ifrs-full:OtherReservesMember 2018-12-31 0000717826 ifrs-full:AdditionalPaidinCapitalMember 2018-12-31 0000717826 ifrs-full:IssuedCapitalMember 2018-12-31 iso4217:SEK xbrli:pure xbrli:shares iso4217:USD utr:Year eric:Employee iso4217:EUR utr:Day eric:Country iso4217:SEK xbrli:shares eric:Segment iso4217:USD xbrli:shares eric:Subsidiary
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 20-F

☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2021
OR

☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 000-12033
TELEFONAKTIEBOLAGET LM ERICSSON
(Exact Name of Registrant as Specified in its Charter)
LM ERICSSON TELEPHONE COMPANY
(Translation of Registrant’s name into English)
Kingdom of Sweden
(Jurisdiction of incorporation or organization)
SE-164 83 Stockholm, Sweden
(Address of principal executive offices)
Jonas Stringberg,
Head of Group Controlling and External Reporting
Telephone: +46 10 719 0000, jonas.stringberg@ericsson.com
Torshamnsgatan 21
,
SE-164 83 Stockholm
,
Sweden
(Name, Telephone,
E-mail
and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of Each Class |  | Trading symbol(s) |  | Name of Each Exchange on which Registered
American Depositary Shares (each representing one B share) B Shares * |  | ERIC |  | The NASDAQ Stock Market LLC

* | Not for trading, but only in connection with the registration of the American Depositary Shares representing such B Shares pursuant to the requirements of the Securities and Exchange Commission.

Securities registered pursuant to Section 12(g) of the Act:
None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
None
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:

B shares (SEK 5.00 nominal value) |  |  | 3,072,395,752 |
A shares (SEK 5.00 nominal value) |  |  | 261,755,983 |
C shares (SEK 5.00 nominal value) |  |  | 0 |

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d)of the Securities Exchange Act of 1934. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files) Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company . See the definitions of “large accelerated filer” and “accelerated filer” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer |  | ☒ |  | Accelerated filer |  | ☐
Non-accelerated filer |  | ☐ |  | Emerging growth company |  | ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

☐ U.S. GAAP |  | ☒ |  | International Financial Reporting Standards as issued by the International Accounting Standards Board |  | ☐ Other

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
Item 17 ☐ Item 18 ☐
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Table of Contents

|  |  |  | Page |
PART I INTRODUCTION |  |  | 1 |
ITEM 1. |  | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS |  |  | 1 |
ITEM 2. |  | OFFER STATISTICS AND EXPECTED TIMETABLE |  |  | 1 |
ITEM 3. |  | KEY INFORMATION |  |  | 1 |
|  | A |  | Selected Financial Data |  |  | 1 |
|  | B |  | Capitalization and Indebtedness |  |  | 1 |
|  | C |  | Reasons for the Offer and Use of Proceeds |  |  | 1 |
|  | D |  | Risk Factors |  |  | 1 |
ITEM 4. |  | INFORMATION ON THE COMPANY |  |  | 2 |
|  | A |  | History and Development of the Company |  |  | 2 |
|  | B |  | Business Overview |  |  | 2 |
|  | C |  | Organizational Structure |  |  | 3 |
|  | D |  | Property, Plant and Equipment |  |  | 5 |
ITEM 4A. |  | UNRESOLVED STAFF COMMENTS |  |  | 5 |
ITEM 5. |  | OPERATING AND FINANCIAL REVIEW AND PROSPECTS |  |  | 5 |
|  | A |  | Operating Results |  |  | 5 |
|  | B |  | Liquidity and Capital Resources |  |  | 6 |
|  | C |  | Research and Development, Patents and Licenses |  |  | 6 |
|  | D |  | Trend Information |  |  | 6 |
|  | E |  | Off-Balance Sheet Arrangements |  |  | 6 |
|  | F |  | Tabular Disclosure of Contractual Obligations |  |  | 6 |
ITEM 6. |  | DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES |  |  | 7 |
|  | A |  | Directors and Senior Management |  |  | 7 |
|  | B |  | Compensation |  |  | 7 |
|  | C |  | Board Practices |  |  | 7 |
|  | D |  | Employees |  |  | 7 |
|  | E |  | Share Ownership |  |  | 8 |
ITEM 7. |  | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS |  |  | 8 |
|  | A |  | Major Shareholders |  |  | 8 |
|  | B |  | Related Party Transactions |  |  | 8 |
|  | C |  | Interests of Experts and Counsel. |  |  | 8 |
ITEM 8. |  | FINANCIAL INFORMATION |  |  | 8 |
|  | A |  | Consolidated Statements and Other Financial Information. |  |  | 8 |
|  | B |  | Significant Changes |  |  | 8 |
ITEM 9. |  | THE OFFER AND LISTING |  |  | 9 |
|  | A |  | Offer and Listing Details |  |  | 9 |
|  | B |  | Plan of Distribution |  |  | 9 |
|  | C |  | Markets |  |  | 9 |
|  | D |  | Selling Shareholders |  |  | 9 |
|  | E |  | Dilution |  |  | 9 |
|  | F |  | Expenses of the Issue |  |  | 9 |
ITEM 10. |  | ADDITIONAL INFORMATION |  |  | 9 |
|  | A |  | Share Capital |  |  | 9 |
|  | B |  | Memorandum and Articles of Association |  |  | 9 |
|  | C |  | Material Contracts |  |  | 9 |
|  | D |  | Exchange Controls |  |  | 9 |
|  | E |  | Taxation |  |  | 10 |
|  | F |  | Dividends and Paying Agents |  |  | 12 |
|  | G |  | Statement by Experts |  |  | 12 |
|  | H |  | Documents on Display |  |  | 12 |

i

Table of Contents

|  | I |  | Subsidiary Information |  |  | 12 |
ITEM 11. |  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |  |  | 12 |
ITEM 12. |  | DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES |  |  | 13 |
|  | A |  | Debt Securities |  |  | 13 |
|  | B |  | Warrants and Rights |  |  | 13 |
|  | C |  | Other Securities |  |  | 13 |
|  | D |  | American Depositary Shares |  |  | 13 |
PART II |  |  |  |  |  |  | 14 |
ITEM 13. |  | DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES |  |  | 14 |
ITEM 14. |  | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS |  |  | 14 |
ITEM 15. |  | CONTROLS AND PROCEDURES |  |  | 14 |
|  | A |  | Disclosure Controls and Procedures |  |  | 14 |
|  | B |  | Management’s Annual Report on Internal Control Over Financial Reporting |  |  | 14 |
|  | C |  | Attestation Report of the Registered Public Accounting Firm |  |  | 14 |
|  | D |  | Changes in Internal Control Over Financial Reporting |  |  | 14 |
ITEM 16. |  | [RESERVED] |  |  | 14 |
ITEM 16A |  | AUDIT COMMITTEE FINANCIAL EXPERT |  |  | 14 |
ITEM 16B |  | CODE OF ETHICS |  |  | 14 |
ITEM 16C |  | PRINCIPAL ACCOUNTANT FEES AND SERVICES |  |  | 14 |
ITEM 16D |  | EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES |  |  | 14 |
ITEM 16E |  | PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS |  |  | 15 |
ITEM 16F |  | CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT |  |  | 15 |
ITEM 16G |  | CORPORATE GOVERNANCE |  |  | 15 |
ITEM 16H |  | MINE SAFETY DISCLOSURE |  |  | 15 |
ITEM 16I |  | DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENT INSPECTIONS |  |  | 15 |
PART III |  |  |  |  | 15 |
ITEM 17. |  | FINANCIAL STATEMENTS |  |  | 15 |
ITEM 18. |  | FINANCIAL STATEMENTS |  |  | 16 |
ITEM 19. |  | EXHIBITS |  |  | 16 |

ii

Table of Contents
PART I
INTRODUCTION
Unless otherwise indicated, all references herein to “Ericsson,” the “Company,” “the Group,” “we,” “us,” or “our” or “our company” are references to Telefonaktiebolaget LM Ericsson and its consolidated subsidiaries.
This document is our Annual Report on Form
20-F
for the year ended December 31, 2021 (the “2021 Form
20-F”).
Reference is made to the English version of our Swedish Annual Report for 2021, with certain adjustments made to comply with U.S. requirements and the additional disclosure and updates made in the document due to subsequent events which is attached hereto as Exhibit 15.1 (the “2021 Swedish Annual Report (adjusted version)”). Only (i) the information included in this 2021 Form
20-F,
(ii) the information in the 2021 Swedish Annual Report (adjusted version) that is incorporated by reference in this 2021 Form
20-F,
and (iii) the exhibits to the 2021 Form
20-F
that are required to be filed pursuant to the Form
20-F
shall be deemed to be filed with the Securities and Exchange Commission for any purpose, including incorporation by reference into the Registration Statement on Form
F-3
filed on March 26, 2021 (File
No.333-254736
) and any other document filed by us pursuant to the Securities Act of 1933, as amended, which incorporates by reference the 2021 Form
20-F.
Any information in the 2021 Swedish Annual Report (adjusted version) that is not referenced in the 2021 Form
20-F
or filed as an exhibit thereto shall not be deemed to be so incorporated by reference. Certain industry, technical and financial terms used in this 2021 Form
20-F
are defined in the subsections entitled “Glossary” and “Financial Terminology” of the 2021 Swedish Annual Report (adjusted version), which are incorporated herein by reference.
Market data and certain industry forecasts used herein were obtained from internal surveys, market research, publicly available information and industry publications. While we believe that market research, publicly available information and industry publications we use are reliable, we have not independently verified market and industry data from third-party sources. Moreover, while we believe our internal surveys are reliable, they have not been verified by any independent source.
The information included on
http://www.ericsson.com
/ and other websites that appear in this 2021 Form
20-F
is not incorporated by reference herein. From time to time, we may use our website as a channel of distribution of material company information. Financial and other material information regarding our company is routinely posted on and accessible at
http://www.ericsson.com
/.
Forward-Looking Statements
This 2021 Form
20-F
includes forward-looking statements, including statements reflecting management’s current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including the following:
–– Our goals, targets, strategies, planning assumptions and operational or financial performance expectations, such as the investor day key messages and our targets and strategies as described in the introductory bullets, the CEO comments, the Segment descriptions and in Other information
–– Industry trends, future characteristics and development of the markets in which we operate
–– Our future liquidity, capital resources, capital expenditures, cost savings and profitability
–– The expected demand for our existing and new products and services as well as plans to launch new products and services including research and development expenditures
–– The ability to deliver on future plans and to realize potential for future growth
–– The expected operational or financial performance of strategic cooperation activities and joint ventures
–– The time until acquired entities and businesses will be integrated and accretive to income
–– Technology and industry trends including the regulatory and standardization environment in which we operate, competition and our customer structure.
The words “believe”, “expect”, “foresee”, “anticipate”, “assume”, “intend”, “likely”, “projects”, “may”, “could”, “plan”, “estimate”, “forecast”, “will”, “should”, “would”, “predict”, “aim”, “ambition”, “seek”, “potential”, “target”, “might”, “continue”, or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.
Important factors that could affect whether and to what extent any of our forward-looking statements materialize include but are not limited to the factors described in the section Risk Factors.
These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this
20-F,
to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulation.
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS
Not applicable.
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE
Not applicable.
ITEM 3. KEY INFORMATION
A. Selected Financial Data
The selected financial data previously required this Item has been omitted in reliance on SEC Release
No. 33-10890,
Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information.
B. Capitalization and Indebtedness
Not applicable.
C. Reasons for the Offer and Use of Proceeds
Not applicable.
D. Risk Factors
The information set forth under the heading “Financial Report – Risk Factors” of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference.
1

Table of Contents
ITEM 4. INFORMATION ON THE COMPANY
A. History and Development of the Company
General facts on the company
Legal and commercial name of the Parent Company:
Telefonaktiebolaget LM Ericsson (publ).
Organization number:
556016-0680
Legal form of the Parent Company:
A Swedish limited liability company, organized under the Swedish Companies Act.
Country of incorporation:
Sweden.
Date of incorporation:
The Parent Company was incorporated on August 18, 1918, as a result of a merger between AB LM Ericsson & Co. and Stockholms Allmänna Telefon AB.
Domicile:
Our registered office is Telefonaktiebolaget LM Ericsson, SE–164 83 Stockholm, Sweden. Our headquarters are located at Torshamnsgatan 21, Kista, Sweden.
Telephone number:
+46 10 719 0000
Website:
www.ericsson.com
. The information included on our website is not incorporated herein by reference.
In addition, the SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC:
http://www.sec.gov
.
Agent in the US:
Ericsson Inc., Vice President Legal Affairs, 6300 Legacy Drive, Plano, Texas 75024. Telephone number: +1 972 583 0000.
Shares:
Ericsson’s Class A and Class B shares are traded on Nasdaq Stockholm. In the US, our American Depository Shares (ADS), each representing one underlying Class B share, are traded on NASDAQ New York.
Parent company operations:
The business of the parent company, Telefonaktiebolaget LM Ericsson, consists mainly of corporate management, holding company functions and internal banking activities. Our parent company operations also include customer credit management activities performed by Ericsson Credit AB on a commission basis.
Subsidiaries and associated companies:
For a list of our significant subsidiaries, please see “Item 4C. Shares owned directly by the Parent Company”. We are engaged in a number of minor joint ventures and cooperative arrangements. For more information regarding risks associated with joint ventures, strategic alliances and third-party agreements, please see “Item 3D. Financial Report – Risk Factors”.
Company history and development
Innovating to empower people, business and society
Our origins date back to 1876 when Alexander Graham Bell filed a patent application in the United States for the telephone. The same year, Lars Magnus Ericsson opened a small workshop in Stockholm to repair telegraph instruments and sell his own telephone equipment.
Today, Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world.
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | This is Ericsson

| • |  | Business strategy – Creating long-term value

| • |  | Business model – Customer focus and technology leadership

| • |  | Board of Directors’ Report

| • |  | Business in 2021

| • |  | Financial Highlights - Capital expenditures

For capital expenditures we usually use available cash from operations.

| • |  | Notes to the Consolidated financial statements

| • |  | Note E2 – Business combinations

| • |  | Note H6 – Events after the reporting period

B. Business Overview
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | This is Ericsson

| • |  | Business strategy – Creating long-term value

| • |  | Business model – Customer focus and technology leadership

| • |  | Board of Directors’ report

| • |  | Business in 2021

| • |  | Financial highlights – Research and development, patents and licensing

| • |  | Financial highlights – Seasonality

| • |  | Business results – Segments

2

Table of Contents

| • |  | Business results – Market Areas

| • |  | Sourcing and supply

| • |  | Sustainability and Corporate Responsibility

| • |  | Notes to the consolidated financial statements

| • |  | Note B1 – Segment information

| • |  | Risk factors

| • |  | Risks related to business activities and industry

| • |  | Risks related to Ericsson’s financial situation

| • |  | Legal and regulatory risk

| • |  | Internal control risk

| • |  | Environmental, social and governance risk

| • |  | Corporate Governance Report

| • |  | Regulation and compliance

Disclosure pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (ITRA)
Ericsson has conducted business in Iran/Persia since the late nineteenth century, opened an office in Iran in 1973 and later established a local subsidiary in the country. Ericsson strongly believes in enabling communication for all and believes that access to communications can enable the right to health, education and freedom of expression. Ericsson’s business activities in Iran principally involve the sale of communications infrastructure related products and services, including support, installation and maintenance services. Ericsson’s exports from the European Union (the “EU”) to Iran are performed under export licenses from the Swedish Inspectorate of Strategic Products and in compliance with applicable economic sanctions and export controls.
Due to its operations in Iran, and having staff permanently in the country, Ericsson has contacts with its local customers and retains certain local suppliers, including banks, and service providers. In addition, Ericsson has other dealings incidental to its local activities, such as making payments for taxes, customs related services, salaries, rents, utilities, local accommodation, transportation, office and similar supplies. As a result, Ericsson has contact with companies and public functions that may be owned or controlled by the government of Iran. While Ericsson seeks to obtain information regarding the actual business names and ownership of customers and other counterparties in Iran through its policies and procedures designed to ensure that Ericsson “knows its customers”, it is challenging to determine ownership and control with certainty, particularly with respect to determining whether an entity engaged in commercial activities is owned or controlled by the government.
Ericsson always strives to honor its engagements with existing customers in compliance with applicable export controls, sanctions and other laws, rules and regulations, carefully evaluates the implications of any sanctions and continues to monitor developments in this area as it relates to the ability to continue delivering products and services to customers. As a result of the US withdrawal from the Joint Comprehensive Plan of Action (the JCPOA) in 2018, Ericsson has reduced its business and organization in Iran significantly but still continues to provide critical services and support to its customers in order for their networks to function. As Ericsson provides such services and support, it may need to interact with other counterparties. Ericsson continues to explore, including with EU and US authorities, whether and how the last years’ disruptive impact on the overall ability to support its customers can be reduced and, by doing so endeavor to avoid undue impacts on the access of the people of Iran to humanitarian items/basic services such as telecommunications.
During 2021, Ericsson recorded revenues relating to the sale of communications infrastructure related products and services in Iran to the following telecommunications companies operating in the country: Mobile Communication Company of Iran (MCCI), and MTN Irancell. The revenues relating to MCCI relate to sales conducted before 2021. During 2021, Ericsson’s gross revenue (reported as net sales) related to sales to MCCI and MTN Irancell was approximately SEK 111 million. In addition, Ericsson supplied network critical software capacities to MTN Irancell for a current value of approximately SEK 304 million during the year, which was not recorded as revenue as per the applied accounting policies, and thus Ericsson has not yet recorded any net revenues or net profits for these activities. Ericsson does not normally allocate net profit (reported as net income) on a
country-by-country
or
activity-by-activity
basis, other than as set forth in Ericsson’s consolidated financial statements prepared in accordance with IFRS as issued by the IASB. However, Ericsson has estimated that its operating income (income before taxes and financial net) from such sales was, after internal cost allocation approximately SEK 20 million during 2021.
Ericsson uses the local banks Saman Bank and Pasargad Bank for local transactions in local currency, cash management and deposits. In some instances, Ericsson has had to arrange performance bonds or similar financial guarantees to secure Ericsson’s performance of obligations under the commercial agreements Ericsson has entered into relating to the business in Iran. In such instances, Ericsson usually engages its banks outside Iran, who in turn engage local banks in the country. These local banks include Tejarat Bank, Melli Bank, Parsian Bank, Saman Bank and Saderat Bank. Although some bonds and guarantees are still in place, no new performance bonds or similar guarantees involving these five banks with respect to Ericsson’s business activities in Iran were issued during 2021. During 2021, existing bank guarantees issued by Maskan Bank, Parsian Bank, Post Bank of Iran, Bank Mellat and Tejarat Bank (local banks in Iran) to secure Iranian customer payment obligations to Ericsson were renewed. Further, some payments made to Ericsson’s local subsidiary and payments required to be made by the local subsidiary to suppliers involve banks that may be controlled by the government of Iran.
C. Organizational Structure
The following list shows certain shareholdings owned directly and indirectly by our parent company as of December 31, 2021. A complete list of shareholdings, prepared in accordance with the Swedish Annual Accounts Act and filed with the Swedish Companies Registration Office (Bolagsverket), may be obtained upon request to: Telefonaktiebolaget LM Ericsson, External Reporting,
SE-164
83 Stockholm, Sweden.
3

Table of Contents
Shares owned directly by the Parent Company

Company |  | Reg. No. |  |  | Domicile |  |  | Percentage of ownership |  |  | Par value in local currency, million |  |  | Carrying value, SEK million |
Subsidiary companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ericsson AB |  |  | 556056-6258 |  |  |  | Sweden |  |  |  | 100 |  |  |  | 50 |  |  |  | 20,731 |
Ericsson Shared Services AB |  |  | 556251-3266 |  |  |  | Sweden |  |  |  | 100 |  |  |  | 361 |  |  |  | 2,216 |
Ericsson Software Technology Holding AB |  |  | 559094-8963 |  |  |  | Sweden |  |  |  | 100 |  |  |  | — |  |  |  | 7 |
Datacenter i Rosersberg AB |  |  | 556895-3748 |  |  |  | Sweden |  |  |  | 100 |  |  |  | — |  |  |  | 88 |
Datacenter i Mjärdevi Aktiebolag |  |  | 556366-2302 |  |  |  | Sweden |  |  |  | 100 |  |  |  | 10 |  |  |  | 69 |
AB Aulis |  |  | 556030-9899 |  |  |  | Sweden |  |  |  | 100 |  |  |  | 14 |  |  |  | 6 |
Ericsson Credit AB |  |  | 556326-0552 |  |  |  | Sweden |  |  |  | 100 |  |  |  | 5 |  |  |  | 5 |
Other (Sweden) |  |  |  |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,142 |
Ericsson Austria GmbH |  |  |  |  |  |  | Austria |  |  |  | 100 |  |  |  | 4 |  |  |  | 94 |
Ericsson Danmark A/S |  |  |  |  |  |  | Denmark |  |  |  | 100 |  |  |  | 90 |  |  |  | 216 |
Oy LM Ericsson Ab |  |  |  |  |  |  | Finland |  |  |  | 100 |  |  |  | 13 |  |  |  | 196 |
Ericsson France SAS |  |  |  |  |  |  | France |  |  |  | 100 |  |  |  | 21 |  |  |  | 524 |
Ericsson Antenna Technology Germany GmbH |  |  |  |  |  |  | Germany |  |  |  | 100 |  |  |  | 2 |  |  |  | 21 |
Ericsson Germany GmbH |  |  |  |  |  |  | Germany |  |  |  | 100 |  |  |  | 1 |  |  |  | 2,844 |
Ericsson Hungary Ltd. |  |  |  |  |  |  | Hungary |  |  |  | 100 |  |  |  | 1,301 |  |  |  | 120 |
L M Ericsson Limited |  |  |  |  |  |  | Ireland |  |  |  | 100 |  |  |  | 4 |  |  |  | 34 |
Ericsson Telecomunicazioni S.p.A. |  |  |  |  |  |  | Italy |  |  |  | 100 |  |  |  | 44 |  |  |  | 3,173 |
Ericsson Holding International B.V. |  |  |  |  |  |  | The Netherlands |  |  |  | 100 |  |  |  | 222 |  |  |  | 2,983 |
Ericsson A/S |  |  |  |  |  |  | Norway |  |  |  | 100 |  |  |  | 75 |  |  |  | 114 |
Ericsson Television AS |  |  |  |  |  |  | Norway |  |  |  | 100 |  |  |  | 161 |  |  |  | 160 |
Ericsson Corporatia AO |  |  |  |  |  |  | Russia |  |  |  | 100 |  |  |  | 5 |  |  |  | 5 |
Ericsson España S.A. |  |  |  |  |  |  | Spain |  |  |  | 100 |  |  |  | 28 |  |  |  | 14 |
Ericsson AG |  |  |  |  |  |  | Switzerland |  |  |  | 100 |  |  |  | — |  |  |  | — |
Ericsson Holdings Ltd. |  |  |  |  |  |  | United Kingdom |  |  |  | 100 |  |  |  | 328 |  |  |  | 10 |
Other (Europe, excluding Sweden) |  |  |  |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 972 |
Ericsson Holding II Inc. |  |  |  |  |  |  | United States |  |  |  | 100 |  |  |  | — |  |  |  | 30,281 |
Ericsson Smart Factory Inc. |  |  |  |  |  |  | United States |  |  |  | 100 |  |  |  | — |  |  |  | 191 |
Companía Ericsson S.A.C.I. |  |  |  |  |  |  | Argentina |  |  |  | 95 1) |  |  |  | 193 |  |  |  | 99 |
Ericsson Canada Inc. |  |  |  |  |  |  | Canada |  |  |  | 100 |  |  |  | — |  |  |  | 51 |
Belair Networks |  |  |  |  |  |  | Canada |  |  |  | 100 |  |  |  | 108 |  |  |  | 170 |
Ericsson Telecom S.A. de C.V. |  |  |  |  |  |  | Mexico |  |  |  | 100 |  |  |  | 939 |  |  |  | 576 |
Other (United States, Latin America) |  |  |  |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 486 |
Teleric Pty Ltd. |  |  |  |  |  |  | Australia |  |  |  | 100 |  |  |  | 20 |  |  |  | 100 |
Ericsson Ltd. |  |  |  |  |  |  | China |  |  |  | 100 |  |  |  | 2 |  |  |  | 2 |
Ericsson (China) Company Ltd. |  |  |  |  |  |  | China |  |  |  | 100 |  |  |  | 65 |  |  |  | 475 |
P.T. Ericsson Indonesia |  |  |  |  |  |  | Indonesia |  |  |  | 95 |  |  |  | 9,531 |  |  |  | 614 |
Ericsson India Global Services PVT. Ltd |  |  |  |  |  |  | India |  |  |  | 100 |  |  |  | 291 |  |  |  | 51 |
Ericsson Kenya Limited |  |  |  |  |  |  | Kenya |  |  |  | 100 |  |  |  | — |  |  |  | 69 |
Ericsson-LG CO Ltd. |  |  |  |  |  |  | Korea |  |  |  | 75 |  |  |  | 285 |  |  |  | 2,279 |
Ericsson (Malaysia) Sdn. Bhd. |  |  |  |  |  |  | Malaysia |  |  |  | 100 |  |  |  | 3 |  |  |  | 131 |
Ericsson Telecommunications Pte. Ltd. |  |  |  |  |  |  | Singapore |  |  |  | 100 |  |  |  | 2 |  |  |  | 1 |
Ericsson South Africa PTY. Ltd |  |  |  |  |  |  | South Africa |  |  |  | 70 |  |  |  | — |  |  |  | 135 |
Ericsson Taiwan Ltd. |  |  |  |  |  |  | Taiwan |  |  |  | 90 |  |  |  | 270 |  |  |  | 36 |
Ericsson (Thailand) Ltd. |  |  |  |  |  |  | Thailand |  |  |  | 49 2) |  |  |  | 90 |  |  |  | 17 |
Other countries (the rest of the world) |  |  |  |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 501 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 72,009 |
Joint ventures and associated companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Concealfab Co |  |  |  |  |  |  | USA |  |  |  | 28 |  |  |  | — |  |  |  | 64 |
Leone Media Inc. |  |  |  |  |  |  | USA |  |  |  | 49 |  |  |  | 134 |  |  |  | 790 |
Ericsson Nikola Tesla d.d. |  |  |  |  |  |  | Croatia |  |  |  | 49 |  |  |  | 65 |  |  |  | 330 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,184 |

1) | Through subsidiary holdings, total holdings amount to 100% of Compania Ericsson S.A.C.I.

2) | Through subsidiary holdings, total holdings amount to 74% of Ericsson (Thailand) Ltd.

4

Table of Contents
Shares owned by subsidiary companies

Company |  | Reg. No. |  |  | Domicile |  |  | Percentage of ownership |
Subsidiary companies |  |  |  |  |  |  |  |  |  |  |  |
Ericsson Cables Holding AB |  |  | 556044-9489 |  |  |  | Sweden |  |  |  | 100 |
Emodo Inc. |  |  |  |  |  |  | United States |  |  |  | 100 |
Ericsson Telekommunikation GmbH |  |  |  |  |  |  | Germany |  |  |  | 100 |
Ericsson GmbH |  |  |  |  |  |  | Germany |  |  |  | 100 |
Ericsson Telecommunicatie B.V. |  |  |  |  |  |  | The Netherlands |  |  |  | 100 |
Ericsson Telekomunikasyon A.S. |  |  |  |  |  |  | Turkey |  |  |  | 100 |
Ericsson Ltd. |  |  |  |  |  |  | United Kingdom |  |  |  | 100 |
Creative Broadcast Services Holdings Ltd. |  |  |  |  |  |  | United Kingdom |  |  |  | 100 |
Ericsson Inc. |  |  |  |  |  |  | United States |  |  |  | 100 |
Ericsson Wireless Office Inc. |  |  |  |  |  |  | United States |  |  |  | 100 |
Cradlepoint Inc. |  |  |  |  |  |  | United States |  |  |  | 100 |
Iconectiv, LLC. |  |  |  |  |  |  | United States |  |  |  | 83 |
Ericsson Telecomunicações S.A. |  |  |  |  |  |  | Brazil |  |  |  | 100 |
Ericsson Australia Pty. Ltd. |  |  |  |  |  |  | Australia |  |  |  | 100 |
Ericsson (China) Communications Co. Ltd. |  |  |  |  |  |  | China |  |  |  | 100 |
Nanjing Ericsson Panda Communication Co. Ltd. |  |  |  |  |  |  | China |  |  |  | 51 |
Ericsson Japan K.K. |  |  |  |  |  |  | Japan |  |  |  | 100 |
Ericsson Communication Solutions Pte Ltd. |  |  |  |  |  |  | Singapore |  |  |  | 100 |

D. Property, Plant and Equipment
Primary manufacturing and assembly facilities
We continuously adjust our production capacity to meet expected customer demand. During 2021, our overall capacity utilization** was 63%.
The table below summarizes where we have major sites and the total floor space at
year-end.
All facilities are leased, other than Nanjing (China). The majority of the floor space within our production facilities is used for assembly and test.

|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | Sites |  |  | Thousands of sq meters* |  |  | Sites |  |  | Thousands of sq meters* |  |  | Sites |  |  | Thousands of sq meters* |
Sweden |  |  | 1 |  |  |  | 5 |  |  |  | 1 |  |  |  | 5 |  |  |  | 1 |  |  |  | 5 |
China |  |  | 1 |  |  |  | 13.9 |  |  |  | 1 |  |  |  | 13.9 |  |  |  | 1 |  |  |  | 13.9 |
Estonia |  |  | 1 |  |  |  | 9 |  |  |  | 1 |  |  |  | 9 |  |  |  | 1 |  |  |  | 9 |
Brazil |  |  | 1 |  |  |  | 6.5 |  |  |  | 1 |  |  |  | 6.5 |  |  |  | 1 |  |  |  | 6.7 |
USA |  |  | 1 |  |  |  | 6 |  |  |  | 1 |  |  |  | 6 |  |  |  | 0 |  |  |  | 0 |
Total |  |  | 5 |  |  |  | 40.4 |  |  |  | 5 |  |  |  | 40.4 |  |  |  | 4 |  |  |  | 34.6 |

* | Floor space in square meters does not include any warehouses or transportation areas.

** | Test capacity utilization.

The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Financial highlights – Capital expenditures

| • |  | Notes to the consolidated financial statements

| • |  | Note C2 – Property, plant and equipment

| • |  | Note C3 – Leases

| • |  | Risk factors

| • |  | Legal and regulatory risk

| • |  | Environmental, social and governance risk

ITEM 4A. Unresolved Staff Comments
None.
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS
Year-to-year
comparisons between 2020 and 2019 have been omitted from this 2021 Form
20-F
but may be found in “Item 5. Operating and Financial Review and Prospects” in our Form
20-F
for the fiscal year ended December 31, 2020, which discussion is incorporated herein by reference.
https://www.sec.gov/Archives/edgar/data/0000717826/000119312521094445/d52839d20f.htm
A. Operating Results
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | This is Ericsson

| • |  | Business strategy – Creating long-term value

| • |  | Business model – Customer focus and technology leadership

| • |  | Board of Directors’ report

5

Table of Contents

| • |  | Business in 2021

| • |  | Financial highlights

| • |  | Business results – Segments

| • |  | Business results – Market Areas

| • |  | Risk management

| • |  | Notes to the consolidated financial statements

| • |  | Note A1 – Significant accounting policies

| • |  | Note F1 – Financial risk management– Foreign exchange risk

| • |  | Risk Factors

| • |  | Five-year summary – Financial information

| • |  | Five-year summary – Non-Financial information

| • |  | Alternative performance measures

B. Liquidity and Capital Resources
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Financial highlights – Cash flow

| • |  | Financial highlights – Financial position

| • |  | Financial highlights – Seasonality

| • |  | Financial highlights – Capital expenditures

| • |  | Notes to the consolidated financial statements

| • |  | Note B9 – Other current liabilities

| • |  | Note D2 – Contingent liabilities

| • |  | Note F1 – Financial risk management

| • |  | Note F4 – Interest-bearing liabilities

| • |  | Note H3 – Statement of cash flows

See “Item 8.B. Financial Information – Significant Changes” herein.
C. Research and Development, Patents and Licenses
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Business Strategy – Creating long-term value

| • |  | Business model – Customer focus and technology leadership

| • |  | Board of Director’s - Research and development, patents and licensing

| • |  | Risk factors – Risks related to business activities and industry

D. Trend Information
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | CEO Comment

| • |  | Board of Directors’ Report

| • |  | Business in 2021

| • |  | Financial highlights – Seasonality

| • |  | Business results – Segments

| • |  | Business results – Market Areas

See “Item 8.B. Financial Information – Significant Changes” herein.
E.
Off-Balance
Sheet Arrangements
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Financial highlights - Off-balance sheet arrangements

| • |  | Notes to the consolidated financial statements

| • |  | Note A1 - Significant accounting policies

| • |  | Note F1 – Financial Risk Management

| • |  | Note D2 – Contingent liabilities

F. Tabular Disclosure of Contractual Obligations

| • |  | Financial Report

| • |  | Notes to the consolidated financial statements

| • |  | Note D4 – Contractual obligations

6

Table of Contents
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
A. Directors and Senior Management
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Corporate Governance Report

| • |  | Members of the Board of Directors

| • |  | Members of the Executive Team

Board Diversity
The table below provides certain information regarding the diversity of our board of directors.

Board Diversity Matrix (as of 24 March, 2022)
Country of Principal Executive Offices: |  | Sweden
Foreign Private Issuer |  | Yes
Disclosure Prohibited under Home Country Law |  | Yes
Total Number of Directors |  | 13
|  | Female |  | Male |  | Non-Binary |  | Did Not Disclose Gender
Part I: Gender Identity |  |
Directors |  | 3 |  | 10 |  | 0 |  | 0
Part II: Demographic Background |  |
Underrepresented Individual in Home Country Jurisdiction |  | -
LGBTQ+ |  | -
Did Not Disclose Demographic Background |  | -

See “Item 8.B. Financial Information – Significant Changes” herein.
B. Compensation
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Corporate governance – Remuneration

| • |  | Guidelines for Remuneration to Group Management

| • |  | Notes to the consolidated financial statements

| • |  | Note G1 – Post-employment benefits

| • |  | Note G2 – Information regarding members of the Board of Directors and Group management

| • |  | Note G3 – Share-based compensation

| • |  | Corporate Governance Report

| • |  | Remuneration to Board members

| • |  | Remuneration report

| • |  | Remuneration report 2021

See “Item 8.B. Financial Information – Significant Changes” herein.
C. Board Practices
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Notes to the consolidated financial statements

| • |  | Note G2 – Information regarding members of the Board of Directors and Group management– Comments to the table

| • |  | Corporate Governance Report

| • |  | Board of Directors – Composition of the Board of Directors and diversity

| • |  | Committees of the Board of Directors – Audit and Compliance Committee

| • |  | Committees of the Board of Directors – Remuneration Committee

See “Item 8.B. Financial Information – Significant Changes” herein.
D. Employees
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Financial Highlights – Employees

| • |  | Notes to the Consolidated financial statements

| • |  | Note G4 – Employee Information

| • |  | Five-year summary – Financial information - Statistical data, year-end

| • |  | Five-year summary – Non-financial information - Statistical data, year-end

7

Table of Contents
We consider that our relationship with the labor unions that represent our employees is good.
Number of employees by market area at
year-end

|  | 2021 |  |  | 2020 |  |  | 2019 |
South East Asia, Oceania and India |  |  | 26,369 |  |  |  | 25,869 |  |  |  | 24,559 |
North East Asia |  |  | 13,091 |  |  |  | 13,944 |  |  |  | 13,783 |
North America |  |  | 10,344 |  |  |  | 10,175 |  |  |  | 9,643 |
Europe and Latin America 1) |  |  | 47,064 |  |  |  | 46,580 |  |  |  | 47,135 |
Middle East and Africa |  |  | 4,454 |  |  |  | 4,256 |  |  |  | 4,297 |
Total |  |  | 101,322 |  |  |  | 100,824 |  |  |  | 99,417 |
1) Of which in Sweden |  |  | 14,183 |  |  |  | 13,173 |  |  |  | 12,730 |

E. Share Ownership
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | The Ericsson share - Shareholders

| • |  | Notes to the consolidated financial statements

| • |  | Notes G2 – Information regarding members of the Board of Directors and Group Management

| • |  | Corporate Governance Report

| • |  | Members of the Board of Directors

| • |  | Members of the Executive Team

| • |  | Remuneration report

| • |  | Remuneration report 2021

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
A. Major Shareholders
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | The Ericsson Share - Shareholders

| • |  | Corporate Governance Report

| • |  | Governance structure - Ownership structure

B. Related Party Transactions
The information set forth under the following heading of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference.

| • |  | Financial Report

| • |  | Notes to the consolidated financial statements

| • |  | Note H4 – Related party transactions

C. Interests of Experts and Counsel.
Not applicable.
ITEM 8. FINANCIAL INFORMATION
A. Consolidated Statements and Other Financial Information.
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Legal proceedings

| • |  | Parent Company – Proposed disposition of earnings

| • |  | Consolidated financial statements

| • |  | Notes to the consolidated financial statements

| • |  | Reports of independent registered public accounting firm

| • |  | Five-year summary – Financial information - Statistical data, year-end

See “Item 8.B. Financial Information – Significant Changes”, “Item 10.B. Memorandum and Articles of Association – Dividends” and “Item 17. Financial Statements”, herein.
Refer also to item 8.B herein
B. Significant Changes
Legal proceedings
Ericsson and Apple were not able to renew the now expired patent license agreement between the parties in a timely manner. On January 18, 2022, Ericsson filed three complaints with the U.S. International Trade Commission (ITC) alleging infringement of 12 patents by certain Apple products. In addition, Ericsson filed companion lawsuits in the Western District of Texas alleging infringement of the same 12 patents. Also, in January 2022 Ericsson filed complaints in several jurisdictions in Europe (Germany, Netherlands, Belgium) and South America (Brazil, Colombia) alleging that certain Apple products infringe Ericsson patents. On January 19, 2022 Apple filed a complaint against Ericsson in the ITC alleging infringement of three Apple patents by certain Ericsson products. Apple also filed a complaint in Germany at the District court of Düsseldorf alleging infringement of a German utility model and another complaint at the District court of Mannheim alleging infringement of an Apple patent by certain Ericsson products. The filing of lawsuits,
8

Table of Contents
complaints and other proceedings, when parties take legal action over a patent license agreement renewal, is standard and consequently additional lawsuits, complaints and other proceedings, may follow.
Euro Medium Term Note program
On February 8, 2022, the Company issued new EUR 750 million notes under the Euro Medium Term Note (EMTN) program, with maturity in February 2027.
Vonage
In November 2021, Ericsson announced the entering into of an agreement to acquire Vonage Holdings Corp. for a total acquisition price of approximately USD 6.2 billion. Since then, Vonage shareholder approval has been obtained and all requisite foreign and U.S. regulatory requirements for closing have been satisfied, except for receipt of clearance from the Committee on Foreign Investment in the United States. If the agreement were to terminate under specified circumstances where we have failed to obtain such clearance, we may have to pay a USD 200 million termination fee to Vonage. Ericsson and Vonage continue to work toward closing this acquisition during the first half of 2022, on and subject to the terms of the merger agreement and subject to receiving regulatory approval.
Update on Deferred Prosecution Agreement
On December 6, 2019, Ericsson entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). On March 1, 2022, the DOJ informed Ericsson that the disclosure made by the Company prior to the DPA about its internal investigation into conduct in Iraq in the period 2011 until 2019 was insufficient. Furthermore, it determined that the Company breached the DPA by failing to make subsequent disclosure related to the investigation
post-DPA.
The Company is in communication with the DOJ regarding the facts and circumstances of the breach determination and is committed to
co-operating
with the DOJ to resolve the matter. At this stage it is premature to predict the outcome of this matter. DOJ has sole discretion under the DPA to determine whether a breach has occurred.
Legal proceedings
After the 2021 Swedish Annual Report was finalized on March 3, 2022, Ericsson learned that Telefonaktiebolaget LM Ericsson and certain officers of Ericsson were named as defendants in a putative class action filed in the United States District Court for the Eastern District of New York. The complaint alleges violations of United States securities laws, in connection with allegedly false and misleading statements principally concerning the Company’s adherence with its compliance and disclosure policies and obligations and the conduct of its business in Iraq.
Ericsson appoints Scott Dresser as Chief Legal Officer
On March 16, 2022, Ericsson announced the appointment of Scott Dresser to the company’s Executive Team as Senior Vice President, Chief Legal Officer and Head of Group Function Legal Affairs & Compliance. Scott has joined Ericsson on 21 March 2022 and is based in the US. Scott Dresser replaces Xavier Dedullen, who resigned from this role as of the same date.
ITEM 9. THE OFFER AND LISTING
A. Offer and Listing Details
The information set forth in Exhibit 2.3, “Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934.” is incorporated herein by reference.
B. Plan of Distribution
Not applicable.
C. Markets
The information set forth in Exhibit 2.3, “Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934.” is incorporated herein by reference.
D. Selling Shareholders
Not applicable.
E. Dilution
Not applicable.
F. Expenses of the Issue
Not applicable.
ITEM 10. ADDITIONAL INFORMATION
A. Share Capital
Not applicable.
B. Memorandum and Articles of Association
The information set forth in Exhibit 2. 3, “Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934.” is incorporated herein by reference.
C. Material Contracts
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Material contracts

D. Exchange Controls
There is no Swedish legislation affecting the import or export of capital or the remittance of dividends, interest or other payments to
non-resident
holders of our securities, except that, subject to the provisions in any tax treaty, dividends are subject to withholding tax.
9

Table of Contents
E. Taxation
General
The taxation discussion set forth below does not purport to be a complete analysis or listing of all potential tax effects relevant to the acquisition, ownership or disposition of Class B shares or ADSs. The statements of United States and Swedish tax laws set forth below are based on the laws in force as of the date of this report and may be subject to any changes in United States or Swedish law, and in any double taxation convention or treaty between the United States and Sweden, occurring after that date, which changes may then have retroactive effect.
Specific tax provisions may apply for certain categories of taxpayers. Your tax treatment if you are a holder of Class B shares or ADSs depends in part on your particular situation. If you are a holder of Class B shares or ADSs, you should therefore consult a tax advisor as to the tax consequences relating to your particular circumstances resulting from the ownership of Class B shares or ADSs.
The tax consequences to holders of ADSs, as discussed below, apply equally to holders of Class B shares.
Certain Swedish Tax Considerations
This section describes the material Swedish income and net wealth tax consequences for a holder of ADSs or Class B shares who is not considered to be a Swedish resident for Swedish tax purposes. This section applies to you only if you are a holder of portfolio investments representing less than 10% of capital and votes and is not applicable if the ADSs or Class B shares pertain to a permanent establishment or fixed place of business in Sweden.
Taxation on Capital Gains
Generally,
non-residents
of Sweden are not liable for Swedish capital gains taxation with respect to the sale of ADSs or Class B shares. However, under Swedish tax law, capital gains from the sale of shares in Swedish companies and certain other securities by an individual may be taxed in Sweden at a rate of 30% if the seller has been a resident of Sweden or has lived permanently in Sweden at any time during the year of the sale or the 10 calendar years preceding the year of the sale (absent treaty provisions to the contrary). The provision is applicable to ADSs or Class B shares. From January 1, 2008, the rule has been extended so that it also applies to shares in foreign companies, provided that the shares were acquired during the time that the person was liable to tax in Sweden.
This provision may, however, be limited by tax treaties that Sweden has concluded with other countries. Under the tax treaty between Sweden and the United States (the “U.S. Tax Treaty”), this provision applies for ten years from the date the individual became a
non-resident
of Sweden.
Taxation on Dividends
A Swedish dividend withholding tax at a rate of 30% is imposed on dividends paid by a Swedish corporation, such as us, to
non-residents
of Sweden. The same withholding tax applies to certain other payments made by a Swedish corporation, including payments as a result of redemption of shares and repurchase of stock through an offer directed to its shareholders. Exemption from the withholding tax or a lower tax rate may apply by virtue of a tax treaty. Under the U.S. Tax Treaty, the withholding tax on dividends paid on portfolio investments to eligible U.S. holders is reduced to 15%.
Under all Swedish tax treaties, except the tax treaty with Switzerland, withholding tax at the applicable treaty rate should be withheld by the payer of the dividends. With regard to dividends paid from shares in corporations registered with the Euroclear Sweden (such as our shares), a reduced rate of dividend withholding tax under a tax treaty is generally applied at the source by the Euroclear Sweden or, if the shares are registered with a nominee, the nominee, as long as the person entitled to the dividend is registered as a
non-resident
and sufficient information regarding the tax residency of the beneficial owner is available to the Euroclear Sweden or the nominee.
In those cases where Swedish withholding tax is withheld at the rate of 30% and the person who received the dividends is entitled to a reduced rate of withholding tax under a tax treaty, a refund may be claimed from the Swedish tax authorities before the end of the fifth calendar year following the year that the distribution was made.
Taxation on Interest
No Swedish withholding tax is payable on interest paid to
non-residents
of Sweden.
Net Wealth Taxation
The Swedish net wealth tax has been abolished from January 1, 2007.
Certain United States Federal Income Tax Consequences
The following discussion is a summary of the material United States federal income tax consequences relevant to the ownership and disposition of ADSs or Class B shares. This discussion is based on the tax laws of the United States (including the Internal Revenue Code of 1986, as amended (the “Code”), its legislative history, existing and proposed regulations thereunder, published rulings and court decisions) as in effect on the date hereof, all of which are subject to change, possibly with retroactive effect. The discussion is not a full discussion of all tax considerations that may be relevant to the ownership and disposition of ADSs or Class B shares, and does not address the Medicare tax on net investment income or the effects of any state, local or foreign tax laws. The discussion applies only if you will hold the ADSs and/or the Class B shares as capital assets and you use the USD as your functional currency. It does not deal with the tax treatment of investors subject to special rules, such as grantor trusts, real estate investment trusts, regulated investment companies, banks, brokers or dealers in securities or currencies, traders in securities that elect to use a
mark-to-market
method of recording for their securities holdings, financial institutions, insurance companies, persons required to accelerate the recognition of any item of gross income with respect to our ADSs or Class B shares as a result of such income being recognized on an applicable financial statement,
tax-exempt
entities, investors liable for alternative minimum tax, holders (either actually or constructively) of 10% or more of the voting power or the value of our shares, persons holding ADSs and/or Class B shares as part of a hedging, straddle, conversion or constructive sale transaction and persons who are resident or ordinarily resident in Sweden. In addition, investors holding ADSs and/or Class B shares indirectly through partnerships are subject to special rules not discussed below. You should consult your own tax advisors about the United States federal, state, local and foreign tax consequences to you of the ownership and disposition of the ADSs or Class B shares.
The discussion below applies to you only if you are a beneficial owner of ADSs and/or Class B shares not resident in Sweden for purposes of the U.S. Tax Treaty and you are, for United States federal income tax purposes, (1) a citizen or resident of the United States, (2) a corporation or any other entity treated as a corporation that is organized in or under the laws of the United States or its political subdivisions, including the District of Columbia, (3) a trust if all of the trust’s substantial decisions are subject to the control of one or more United States persons and the primary supervision of the trust is subject to a United States court, or if a valid election is in effect with respect to the trust to be taxed as a United States person, or (4) an estate the income of which is subject to United States federal income taxation regardless of its source.
The discussion below assumes that the representations contained in the deposit agreement governing the ADSs are true and that the obligations in the deposit agreement and any related agreement will be complied with in accordance with the terms. If you hold ADSs, you will be treated as the holder of the underlying Class B shares represented by those ADSs for United States federal income tax purposes.
Dividends
Subject to the passive foreign investment company rules discussed below, the gross amount of dividends paid (before reduction for any Swedish withholding taxes) with respect to the ADSs or Class B shares generally will be included in your gross income as ordinary income from foreign sources to
10

Table of Contents
the extent paid out of our current or accumulated earnings and profits (as determined for United States federal income tax purposes). Distributions in excess of earnings and profits will be treated as a
non-taxable
return of capital to the extent of your adjusted tax basis in the ADSs or Class B shares and thereafter as capital gain. The dividends will not be eligible for the dividends received deduction available to corporations in respect of dividends received from other U.S. corporations. The amount of any dividend paid in SEK will be the USD value of the dividend payment based on the exchange rate in effect on the date of receipt (or constructive receipt) by you, in the case of Class B shares, or by the depositary, in the case of ADSs, whether or not the payment is converted into USD at that time. Your tax basis in the SEK received will equal such USD amount. Gain or loss, if any, recognized on a subsequent sale or conversion of the SEK will be U.S. source ordinary income or loss.
If you are a
non-corporate
holder of ADSs or Class B shares, dividends you receive on the ADSs or Class B shares may be taxed at the lower applicable long-term capital gains rate provided that (1) we are not a passive foreign investment company (as discussed below) for either our taxable year in which the dividend was paid or the preceding taxable year, (2) certain holding period requirements are met, (3) you are not under any obligation to make related payments with respect to substantially similar or related property and (4) either (a) in the case of ADSs our ADSs continue to be listed on the Nasdaq Stock Market (or a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934, as amended) or (b) we are eligible for the benefits of the U.S. Tax Treaty. You should consult your own tax advisors regarding the availability of the lower rate for dividends paid with respect to ADSs or Class B shares.
Subject to certain limitations, you will generally be entitled to receive credit against your United States federal income tax liability (or a deduction against your United States federal taxable income) with respect to any Swedish tax withheld in accordance with the U.S. Tax Treaty and paid over to Sweden. If a refund of the tax withheld is available to you under the laws of Sweden or under the U.S. Tax Treaty, the amount of tax withheld that is refundable will not be eligible for such credit against your United States federal income tax liability (and will not be eligible for the deduction in computing your United States federal taxable income). For foreign tax credit limitation purposes, dividends will be income from sources without the United States, and will generally be treated as “passive category income” (or, in the case of certain holders, “general category income”).
Sale or Exchange of ADSs or Class B shares
Subject to the passive foreign investment company rules discussed below, you will generally recognize capital gain or loss on the sale or other disposition of the ADSs or Class B shares equal to the difference between the USD value of the amount realized and your adjusted tax basis (determined in USD) in the ADSs or Class B shares. Such gain or loss will generally be long-term capital gain or loss if you have held the ADSs or Class B shares for more than one year, and will generally be treated as arising from U.S. sources for foreign tax credit limitation purposes. If you are a
non-corporate
holder of ADSs or Class B Shares, long-term capital gains are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations.
The amount realized on a disposition of ADSs or Class B shares for cash will generally be the amount of cash you receive for the ADSs or Class B shares (which, in the case of payment in a
non-U.S.
currency, will equal the USD value of the payment received determined on (a) the date of receipt of payment if you are a cash basis taxpayer and (b) the date of disposition if you are an accrual basis taxpayer). If the ADSs or Class B shares are treated as traded on an “established securities market” and you are a cash basis taxpayer (or, if you are an accrual basis taxpayer, if you so elect), you will determine the USD value of the amount realized by translating the amount received at the spot rate of exchange on the settlement date of the sale.
You will have a tax basis in any foreign currency received equal to the USD value thereof on the date of receipt. Any gain or loss you realize on a subsequent sale or conversion of foreign currency will be U.S. source ordinary income or loss.
Passive Foreign Investment Company Status
A
non-U.S.
corporation is a passive foreign investment company (a “PFIC”) in any taxable year in which, after taking into account the income and assets of certain subsidiaries, either (a) at least 75% of its gross income is passive income or (b) at least 50% of the quarterly average value of its assets is attributable to assets that produce or are held to produce passive income. Based on the market value of our shares, the composition of our assets and income and our operations, we believe we were not a PFIC during the year 2021. However, whether or not we will be considered a PFIC will depend on the nature and source of our income and the composition and value of our assets, as determined from time to time. If we are treated as a PFIC, we will not provide information necessary for the “qualified electing fund” election as the term is defined in the relevant provisions of the Code. You should consult your own tax advisors about the consequences of our potential classification as a PFIC.
If we were classified as a PFIC with respect to your ADSs or Class B shares for any taxable year, we would generally continue to be a PFIC (unless certain conditions are met), and you would be subject to special rules with respect to:

| • |  | any gain realized on the sale or other disposition of ADSs or Class B shares; or

| • |  | any other “excess distribution” made to you (generally, any distributions to you in respect of ADSs or Class B shares during a single taxable year that are, in the aggregate, greater than 125% of the average annual distributions received by you in respect of ADSs or Class B shares during the three preceding taxable years or, if shorter, your holding period for ADSs or Class B shares).

Under these rules:

| • |  | the gain or any other excess distribution would be allocated ratably over your holding period for ADSs or Class B shares;

| • |  | the amount allocated to the taxable year in which the gain or excess distribution was realized and any year before we became a PFIC would be taxable as ordinary income;

| • |  | the amount allocated to each prior year, other than the current year and any taxable year prior to the first taxable year in which we were a PFIC, would be subject to tax at the highest applicable marginal tax rate in effect for each such year; and

| • |  | an interest charge would be imposed.

If we are a PFIC for any taxable year, you will also be deemed to own shares in any of our subsidiaries that are also PFICs in such a year. As an alternative to the special rules described above, holders of “marketable stock” in a PFIC may elect
mark-to-market
treatment with respect to their ADSs or Class B shares. ADSs or Class B shares will not be considered marketable stock unless they are regularly traded on a qualified exchange or other market. If the
mark-to-market
election is available and you elect
mark-to-market
treatment you will, in general, include as ordinary income each year an amount equal to the increase in value of your ADSs or Class B shares for that year (measured at the close of your taxable year) and will generally be allowed a deduction for any decrease in the value of your ADSs or Class B shares for the year but only to the extent of previously included
mark-to-market
income. In addition, any gain you recognize upon the sale or other disposition of the ADSs or Class B shares will be treated as ordinary income and any loss will be treated as ordinary loss but only to the extent of previously included
mark-to-market
income. Any loss in excess of previously included
mark-to-market
income will be treated as a capital loss. However, a
mark-to-market
election would likely be unavailable with respect to your proportionate share in any of our subsidiaries that are PFICs.
If you own ADSs or Class B shares during any year in which we are a PFIC, you will generally be required to make an annual return on IRS Form 8621.
Information Reporting and Backup Withholding
In general, information reporting requirements will apply to dividends paid in respect of ADSs or Class B shares and the proceeds received on the sale or exchange of the ADSs or Class B shares within the United States or by a broker with certain United States connections. Backup withholding may apply to payments to you of dividends paid in respect of ADSs or Class B shares or the proceeds of a sale or other disposition of ADSs or Class B shares if you fail to provide an accurate taxpayer identification number (certified on IRS Form W–9) or, upon request, to certify that you are not subject to backup withholding or otherwise to comply with the applicable requirements of the backup withholding rules. The amount of any backup withholding from a
11

Table of Contents
payment to you will be allowed as a credit against your United States federal income tax liability, and a refund of any excess amount withheld under the backup withholding rules may be obtained by filing the appropriate claim for refund with the Internal Revenue Service and furnishing any required information.
Additional Reporting Requirements
Certain holders who are individuals may be required to report information relating to an interest in ADSs or Class B shares, subject to certain exceptions (including an exception for ADSs or Class B shares held in accounts maintained by certain financial institutions). Holders should consult their tax advisors regarding the effects, if any, of these requirements on their ownership and disposition of ADSs or Class B shares.
F. Dividends and Paying Agents
Not applicable.
G. Statement by Experts
Not applicable.
H. Documents on Display
Annual reports and other information are filed with, or furnished to, the SEC in the United States, pursuant to the rules and regulations that apply to foreign private issuers. Electronic access to these documents may be obtained from the SEC’s website, www.sec.gov, where they are stored in the EDGAR database.
I. Subsidiary Information
See “Item 4.C. Information on the Company - Organizational Structure.”
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
A. Quantitative information about market risk
The information set forth under the following heading of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference.

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Risk management

| • |  | Notes to the consolidated financial statements

| • |  | Note F1 – Financial risk management

B. Qualitative information about market risk
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Financial Report

| • |  | Board of Directors’ report

| • |  | Risk management

| • |  | Notes to the consolidated financial statements

| • |  | Note F1 – Financial risk management

| • |  | Corporate Governance Report

| • |  | Management

| • |  | Risk management

C. Interim periods
Not applicable.
D. Safe harbor
Not applicable.
E. Small business issuers
Not applicable.
12

Table of Contents
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
A. Debt Securities
Not applicable.
B. Warrants and Rights
Not applicable.
C. Other Securities
Not applicable.
D. American Depositary Shares
Depositary fees, charges and payments
During 2021, an annual service fee of $0.02 was charged per ADS, for the operation and maintenance costs in administering the ADS program. The Depositary, Deutsche Bank Trust Company Americas (“Deutsche Bank”), established October 20, 2021 as the record date for payment of annual servicing fees. During 2021, an annual dividend fee of $0.01 was charged per ADS. The Depositary, Deutsche Bank, established April 1, 2021 and October 1, 2021 as the record dates for payments of the dividend fee.
Fees and charges payable by ADS holders

|  | Service |  | Rate |  | By whom paid
1) |  | Deposit of shares and issuance of receipts |  | Up to USD 5 per 100 American Depositary Shares or fraction thereof |  | Party to whom receipts are issued
2) |  | Delivery of deposited shares against surrender of receipts |  | Up to USD 5 per 100 American Depositary Shares or fraction thereof |  | Party surrendering receipts
3) |  | Distribution of Cash Dividends and Cash Proceeds processing |  | Up to USD 3 per 100 American Depositary Shares |  | All holders of American Depositary Shares
4) |  | Administration of the ADSs |  | Up to USD 3 per 100 American Depositary Shares per annum |  | All holders of American Depositary Shares

In addition to the fees of the Depositary enumerated above, ADS holders are required under the terms of the Deposit Agreement to bear the following: (i) taxes and other governmental charges, (ii) share transfer registration fees on deposits, (iii) certain cable and facsimile transmission and delivery charges, and (iv) such expenses as are incurred by Deutsche Bank in the conversion of foreign currency into dollars.
Fees payable by the Depositary to the Issuer
Effective January 2019, Deutsche Bank agreed to pay Ericsson an amount equal to a fixed percentage of the net revenues, if any, collected by it as a result of charging ADS holders issuance and cancellation fees, and dividend processing and annual servicing fees. In 2021, such amount totaled approximately USD 11.6 million.
Effective January 2019, Deutsche Bank waived the cost of providing the ADS program administrative and reporting services to the extent provided by Deutsche Bank, and has agreed to bear the cost of certain third-party
out-of-pocket
costs related to the ADS program up to USD 50,000 per year. These costs include costs for the local custodian’s administration of matters relating to meetings of shareholders and costs of certain transfer agent administration services, such as the registration and transfer of depositary receipts. In 2021, such amount totaled approximately USD 73,500.
13

Table of Contents
PART II
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
None.
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
None.
ITEM 15. CONTROLS AND PROCEDURES
A. Disclosure Controls and Procedures
The information set forth under the following heading of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Corporate Governance Report

| • |  | Internal control over financial reporting – Disclosure controls and procedures

B. Management’s Annual Report on Internal Control Over Financial Reporting
The information set forth under the section “Financial Report – Management’s report on internal control over financial reporting” of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference.
C. Attestation Report of the Registered Public Accounting Firm
The information set forth under the section “Financial Report – Report of independent registered public accounting firm” of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference.
D. Changes in Internal Control Over Financial Reporting
The information set forth under the following heading of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Corporate Governance Report

| • |  | Internal control over financial reporting – Internal control over financial reporting

ITEM 16. [RESERVED]
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
The information set forth under the following heading of the 2021 Swedish Annual Report is incorporated herein by reference:

| • |  | Corporate Governance Report

| • |  | Committees of the Board of Directors

| • |  | Audit and Compliance Committee – Members of the Audit and Compliance Committee

ITEM 16B. CODE OF ETHICS
Our Code of Business Ethics is available on our website at
https://www.ericsson.com/en/about-us/corporate-governance/code-of-ethics
. The Company will promptly disclose to our shareholders, if required by applicable laws or stock exchange requirements, any amendments to or waivers from the Code of Business Ethics applicable to our directors or officers by posting such information on our website at
https://www.ericsson.com/en/about-us/corporate-governance/code-of-ethics
.
The information set forth under the following headings of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference:

| • |  | Corporate Governance Report

| • |  | Regulation and Compliance – Code of business ethics

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
The information set forth under the Section “Financial Report - Notes to the consolidated financial statements - Note H5 – Fees to auditors” of the 2021 Swedish Annual Report (adjusted version) is incorporated herein by reference.
Audit and Compliance Committee
Pre-Approval
Policies and Procedures
The Audit and Compliance Committee reviews and approves the scope of audits to be performed by external and internal auditors and analyzes their results and costs. The Audit and Compliance Committee keeps the Board of Directors informed about the external and internal auditors’ performance. It also makes recommendations to the Nomination Committee regarding the external auditor’s election and fees. In order to ensure the external auditor’s independence, the Audit and Compliance Committee has established
pre-approval
policies and procedures for audit and
non-audit
services to be performed by the external auditor.
Pre-approval
authority may not be delegated to management. The policies and procedures include a list of prohibited services, and audit and
non-audit
services that require
pre-approval
by the Committee. Such services fall into two broad categories:

| • |  | General pre-approval – certain services regarding taxes, transactions, risk management, business improvement, attestation and accounting services and the so called general services (other than prohibited services) have received general pre-approval by the Audit and Compliance Committee, provided that the estimated fee for each project does not exceed SEK 1 million. The external auditor must advise the Audit and Compliance Committee with a quarterly summary of ongoing projects related to audit and non-audit services and an annual report of fees and expenses for all audit and non-audit services.

| • |  | Specific pre-approval – all other non-audit services and services subject to general pre-approval exceeding SEK 1 million must receive specific pre-approval. The external auditor submits an application in writing to the Parent Company for final approval by the Audit and Compliance Committee, including a statement as to whether, in the view of the external auditor, the contemplated services are consistent with applicable rules on their independence. The Audit and Compliance Committee Chairman has the delegated authority for specific pre-approval in between Committee meetings, provided that the estimated fee in each case does not exceed SEK 2.5 million. The Chairman reports any pre-approval to the Audit and Compliance Committee at its next meeting.

All services provided in 2021 by the independent auditors were
pre-approved
in accordance with the
pre-approval
policies and procedures described above.
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES
All members of the Audit Committee of a NASDAQ New York-listed company must be independent in accordance with NASDAQ New York and SEC rules. SEC Rule
10A-3(b)(1)(iv)(C)
under the Exchange Act includes a specific exemption from these independence requirements for Audit Committee
14

Table of Contents
members of foreign private issuers who are
non-executive
employee representatives appointed to the Audit Committee pursuant to local law. The Company relies on this exemption, and does not consider that such reliance materially adversely affects the ability of the Audit and Compliance Committee to act independently or to satisfy other SEC requirements applicable to Audit Committees.
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
None.
ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT
None.
ITEM 16G. CORPORATE GOVERNANCE
Ericsson, as a company whose shares are listed on NASDAQ New York, is subject to the listing requirements and certain of the corporate governance requirements of NASDAQ New York and to certain rules of the SEC.
Under NASDAQ New York rules, all members of the audit committee of a NASDAQ New York- listed company must be independent in accordance with SEC rules. SEC rules include a specific exemption from these independence requirements for an employee of a foreign private issuer who is not an executive officer if the employee is elected or named to the board of directors or audit committee pursuant to the issuer’s governing law or documents, or other home country legal or listing requirements
.
The Company relies on this exemption and does not consider that such reliance materially adversely affects the ability of the Audit and Compliance Committee to act independently or to satisfy other SEC requirements applicable to audit committees.
Under NASDAQ New York rules, Ericsson is permitted to follow home country practices in lieu of certain NASDAQ corporate governance requirements that would apply to US companies listed on NASDAQ New York. The rules require disclosures regarding the ways in which Ericsson’s corporate governance practices differ from those required of US companies under the rules of NASDAQ New York.
These differences include the following:

| • |  | Employee representatives are appointed to Ericsson’s Board of Directors and serve on Committees (including the Audit and Compliance Committee and the Remuneration Committee) in accordance with Swedish law.

| • |  | Employee representatives on the Ericsson Board and committees may attend all meetings of the Board and committees on which they serve (including those of the Audit and Compliance Committee and the Remuneration Committee) in accordance with Swedish law.

| • |  | In accordance with Swedish market practices, the Nomination Committee is not fully comprised of Board members. In addition to the Chair of the Board, representatives of the four largest shareholders are members of the current Nomination Committee of Ericsson.

| • |  | The determination regarding independence of Board members is made by the Nomination Committee (instead of the Board) prior to the Annual General Meeting of Shareholders (“AGM”). Before the AGM 2021, the Nomination Committee determined that the following Board members were independent under all applicable independence requirements, including the NASDAQ New York rules: Jon Fredrik Baksaas, Jan Carlson, Nora Denzel, Eric A. Elzvik, Kurt Jofs and Kristin S. Rinne. When appointing members to the committees of the Board, the Board makes determinations regarding committee member independence.

| • |  | The Board holds non-executive directors’ sessions but does not have regularly scheduled meetings with only independent directors present.

| • |  | Under applicable Swedish rules, Ericsson is not required to publicly disclose the material terms of all agreements and arrangements between its directors or nominees for director and any person or entity (other than Ericsson) relating to compensation or other payment in connection with such person’s candidacy or service as a director of the company.

| • |  | The external auditor is elected by the shareholders and is proposed by the Nomination Committee upon recommendation from the Audit and Compliance Committee.

| • |  | NASDAQ New York rules applicable to US companies require the consideration of six factors relating to the independence of compensation consultants, legal counsel or other advisers retained by compensation or remuneration committees. Consistent with Swedish practices, the Remuneration Committee’s procedures addressing independence of advisers do not expressly require the consideration of those six factors.

| • |  | Ericsson does not solicit proxies for shareholder meetings, which is in accordance with Swedish practices and rules. However, the Board may collect proxies in accordance with the Articles of Association.

| • |  | There are no minimum quorum requirements for shareholder meetings under Swedish law, except under certain limited circumstances. Certain resolutions requiring special quorums and majorities are described under Memorandum and Articles of Association.

| • |  | Some of the requirements addressed by NASDAQ New York rules are included in the Swedish Corporate Governance Code or the work procedure for the Board instead of committee charters. The work procedure establishes the attribution of various responsibilities among the Board, its committees and the President and CEO. The work procedure for the Board is reviewed, evaluated and amended as required or appropriate, and adopted by the Board at least once a year.

See “Item 8.B. Financial Information – Significant Changes” herein.
ITEM 16H. MINE SAFETY DISCLOSURE
Not applicable.
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not applicable.
PART III
ITEM 17. FINANCIAL STATEMENTS
See our consolidated financial statements and accompanying notes of the 2021 Swedish Annual Report (adjusted version).

| • |  | Consolidated income statement and Consolidated statement of comprehensive income

| • |  | Consolidated balance sheet

15

Table of Contents

| • |  | Consolidated statement of cash flows

| • |  | Consolidated statement of changes in equity

| • |  | Notes to the consolidated financial statements

| • |  | Reports of independent registered public accounting firm (Deloitte PCAOB Id: 1126 ; PwC PCAOB Id: 1419)

ITEM 18. FINANCIAL STATEMENTS
Not applicable.
ITEM 19. EXHIBITS
16

Table of Contents
EXHIBIT INDEX
The agreements and other documents filed as exhibits to this 2021 Form
20-F
are not intended to provide factual information or other disclosure other than with respect to the terms of the agreements or other documents themselves, and you should not rely on them for that purpose. In particular, any representations and warranties made by the registrant in these agreements or other documents were made solely within the specific context of the relevant agreement or document and may not describe the actual state of affairs as of the date they were made or at any other time.
Securities Exhibit

Exhibit Number |  | Description
1 |  | Articles of Association of Telefonaktiebolaget LM Ericsson (amended March 2021)
2.1 |  | Second Amended and Restated Deposit Agreement Among Telefonaktiebolaget LM Ericsson (publ) and Deutsche Bank Trust Company Americas, as depositary, and holders of American Depositary Receipts, dated as of January 7, 2014 (incorporated herein by reference to Exhibit 2 to the Annual Report on Form 20-F for the year ended December 31, 2014 filed by the registrant on March 31, 2015 (File No. 000-12033)
2.2 |  | Amendment No. 1, dated as of October 24, 2016, to the Second Amended and Restated Deposit Agreement Among Telefonaktiebolaget LM Ericsson (publ) and Deutsche Bank Trust Company Americas, as depositary, and holders of American Depositary Receipts, dated as of January 7, 2014 (incorporated herein by reference to Exhibit 2.2 to the Annual Report on Form 20-F for the year ended December 31, 2016 filed by the registrant on April 26, 2017 (File No. 000-12033)
2.3 |  | Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934
4.1 |  | Agreement and plan of merger among Vonage Holdings Corp. and Telefonaktiebolaget LM Ericsson, dated as of November 22, 2021. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed on November 22, 2021 by Vonage Holdings Corp. (File No: 001-32887))
6 |  | See “Financials – Notes to the consolidated financial statements – Note A1—Significant accounting policies” of the 2021 Swedish Annual Report (adjusted version)
7 |  | For definitions of certain ratios used in this report, see the section of the 2021 Swedish Annual Report (adjusted version) entitled “Financial Terminology”
8 |  | See Item 4.C. Organizational Structure
11 |  | Code of Ethics (amended June 2021, available on our website at https://www.ericsson.com/en/about-us/corporate-governance/code-of-ethics)
12.1 |  | Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
12.2 |  | Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
13.1* |  | Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
13.2* |  | Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
15.1** |  | Swedish Annual Report for 2021 in English (adjusted version)
15.2 |  | Consent of Deloitte AB
15.3 |  | Consent of PricewaterhouseCoopers AB
101** |  | XBRL Instance Document and related items

17

Table of Contents

Exhibit Number |  | Description
101.INS*** |  | Inline XBRL Instance Document. The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH*** |  | Inline XBRL Taxonomy Extension Schema Document.
101.CAL*** |  | Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*** |  | Inline XBRL Taxonomy Definition Linkbase Document.
101.LAB*** |  | Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*** |  | Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104 |  | Cover Page Interactive Data File (embedded within the inline XBRL document).

* | This certification will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. §78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference.

** | Certain of the information included in Exhibit 15.1 is incorporated by reference into this 2021 Form 20-F, as specified elsewhere in this report, in accordance with Rule 12b-23(a)(3) of the Securities Exchange Act of 1934, as amended. With the exception of the items so specified, the 2020 Swedish Annual Report is not deemed to be filed as part of this 2021 Form 20-F.

*** | In accordance with Rule 406T(b)(2) of Regulation S-T, such XBRL information will be furnished and not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, will be deemed not filed for purposes of Section 18 of the Exchange Act of 1934, as amended, and otherwise will not be subject to liability under those sections.

18

Table of Contents
SIGNATURES
The registrant hereby certifies that it meets all of the requirements for filing on Form
20-F
and that it has duly caused and authorized the undersigned to sign this Annual Report on Form
20-F
on its behalf.

TELEFONAKTIEBOLAGET LM ERICSSON
By: |  | /s/ JONAS STRINGBERG
Name: |  | Jonas Stringberg
Title: |  | Head of Group Controlling and External Reporting
By: |  | /s/ CARL MELLANDER
Name: |  | Carl Mellander
Title: |  | Executive Vice President and Chief Financial Officer

Date March 2
5
, 2022
19