C12 Financial assets, non-current
Equity in joint ventures and associated companies
| 2017 | 2016 | |||||||
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Opening balance |
775 | 1,210 | ||||||
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Share in earnings |
24 | 31 | ||||||
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Distribution of capital stock |
–95 | — | ||||||
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Taxes |
–3 | –5 | ||||||
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Dividends |
–77 | –84 | ||||||
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Divested business |
— | –15 | ||||||
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Translation difference |
— | –362 | ||||||
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Closing balance1) |
624 | 775 | ||||||
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| 1) | Goodwill, net, amounts to SEK 1 (1) million. |
There were no major holdings in joint ventures or associated companies in 2017. Significant holdings from previous years are specified below.
All companies apply IFRS in the reporting to the Company as issued by IASB.
Ericsson’s share of assets, liabilities and income in associated company Rockstar Consortium
| 2017 | 2016 | 2015 | ||||||||||
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Percentage in ownership interest |
21.26 | % | 21.26 | % | 21.26 | % | ||||||
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Total assets |
20 | 22 | 21 | |||||||||
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Total liabilities |
— | — | 5 | |||||||||
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Net assets (100%) |
20 | 22 | 16 | |||||||||
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Company’s share of net assets (21.26%) |
3 | 3 | 3 | |||||||||
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Net sales |
— | — | — | |||||||||
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Income after financial items |
— | — | –642 | |||||||||
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Net income and total comprehensive income (100%) |
— | — | –642 | |||||||||
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Company’s share of net income and other comprehensive income (21.26%) |
— | — | –137 | |||||||||
Rockstar Consortium LLC (Rockstar) is a company that was formed in 2011 by Apple, Blackberry, Ericsson, Microsoft, and Sony to purchase approximately 4,000 patent assets out of the original about 6,000 from the Nortel bankruptcy estate. On December 23, 2014, it was agreed between the owners of Rockstar and RPX Corporation (RPXC) that RPX shall purchase the remaining patents of Rockstar. The transaction occured in 2015 and after that the main part of the capital stock has been distributed to the owners. Rockstar Consortium has concluded its operations.
Financial assets, non-current
| Other investments in shares and participations |
Customer finance, non-current |
Interest-bearing securities, non-current |
Derivatives, non-current |
Other financial assets, non-current |
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| 2017 | 2016 | 2017 | 2016 | 2017 | 2016 | 2017 | 2016 | 2017 | 2016 | |||||||||||||||||||||||||||||||
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Cost |
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Opening balance |
2,516 | 2,567 | 2,137 | 1,755 | 7,586 | — | — | 452 | 4,648 | 5,365 | ||||||||||||||||||||||||||||||
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Additions |
146 | 133 | 1,788 | 2,704 | 54,687 | 7,593 | 86 | — | 503 | 785 | ||||||||||||||||||||||||||||||
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Disposals/repayments/deductions |
–43 | –267 | –1,100 | –2,333 | –37,241 | — | — | — | –375 | –187 | ||||||||||||||||||||||||||||||
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Change in value in funded pension plans1) |
— | — | — | — | — | — | — | — | 1,300 | –1,622 | ||||||||||||||||||||||||||||||
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Revaluation |
99 | 2 | — | — | 73 | –7 | — | — | 27 | 62 | ||||||||||||||||||||||||||||||
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Reclassification |
— | — | –570 | –12 | — | — | — | –452 | — | — | ||||||||||||||||||||||||||||||
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Translation difference |
–50 | 81 | –18 | 23 | — | — | — | — | –169 | 245 | ||||||||||||||||||||||||||||||
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Closing balance |
2,668 | 2,516 | 2,237 | 2,137 | 25,105 | 7,586 | 86 | — | 5,934 | 4,648 | ||||||||||||||||||||||||||||||
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Accumulated impairment losses/ allowances |
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Opening balance |
–1,337 | –1,292 | –9 | –16 | — | — | — | — | –206 | –183 | ||||||||||||||||||||||||||||||
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Impairment losses/allowances |
–126 | 37 | –56 | –5 | — | — | — | — | –1 | –1 | ||||||||||||||||||||||||||||||
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Disposals/repayments/deductions |
25 | –1 | 6 | 12 | — | — | — | — | 77 | –1 | ||||||||||||||||||||||||||||||
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Translation difference |
49 | –81 | — | — | — | — | — | — | 7 | –21 | ||||||||||||||||||||||||||||||
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Closing balance |
–1,389 | –1,337 | –59 | –9 | — | — | — | — | –123 | –206 | ||||||||||||||||||||||||||||||
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Net carrying value |
1,279 | 1,179 | 2,178 | 2,128 | 25,105 | 7,586 | 86 | — | 5,811 | 4,442 | ||||||||||||||||||||||||||||||
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| 1) | This amount includes asset ceiling. For further information, see Note C17, “Post-employment benefits.” |