19 Ericsson | Second Quarter Report 2015

SEK millionJun 30

2015Mar 31

2015Dec 31

2014

ASSETS

Non–current assets

Intangible assets

Capitalized development expenses 4,032 3,522 3,570

Goodwill 39,872 41,140 38,330

Intellectual property rights, brands and other intangible assets 10,739 12,238 12,534

Property, plant and equipment 15,309 14,947 13,341

Financial assets

Equity in JV and associated companies 1,627 1,783 2,793

Other investments in shares and participations 855 836 591

Customer finance, non–current 1,919 2,311 1,932

Other financial assets, non–current 5,010 6,505 5,900

Deferred tax assets 14,054 14,274 12,778

93,417 97,556 91,769

Current assets

Inventories 32,327 33,657 28,175

Trade receivables 73,932 80,334 77,893

Customer finance, current 2,552 2,633 2,289

Other current receivables 22,919 22,700 21,273

Short–term investments 20,807 30,776 31,171

Cash and cash equivalents 32,962 35,311 40,988

185,499 205,411 201,789

Total assets 278,916 302,967 293,558

EQUITY AND LIABILITIES

Equity

Stockholders' equity 135,565 147,855 144,306

Non–controlling interest in equity of subsidiaries 1,160 1,196 1,003

136,725 149,051 145,309

Non–current liabilities

Post–employment benefits 24,530 24,163 20,385

Provisions, non–current 139 198 202

Deferred tax liabilities 3,010 3,156 3,177

Borrowings, non–current 22,551 23,496 21,864

Other non–current liabilities 1,939 1,815 1,797

52,169 52,828 47,425

Current liabilities

Provisions, current 5,215 3,858 4,225

Borrowings, current 3,199 2,847 2,281

Trade payables 22,147 24,266 24,473

Other current liabilities 59,461 70,117 69,845

90,022 101,088 100,824

Total equity and liabilities 278,916 302,967 293,558

Of which interest–bearing liabilities and post–employment benefits 50,280 50,506 44,530

Of which net cash 3,489 15,581 27,629

Assets pledged as collateral 2,608 2,590 2,525

Contingent liabilities 693 721 737

Consolidated balance sheet