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FINANCIAL INFORMATION – FINANCIAL STATEMENTS
Note 38, cont.
The following table shows the cash flows for derivatives recognised as cash flow hedges, expressed in millions in local currency.
AUD EUR GBP USD
Million Outflow Inflow Net Outflow Inflow Net Outflow Inflow Net Outflow Inflow Net
2016 -17 3 -14 -104 200 96 -32 51 19 -436 800 364
2017 -4 - -4 -31 91 60 -12 24 12 -260 336 76
2018 -2 - -2 -19 61 42 -14 14 - -255 280 25
2019 - - - -12 29 17 -20 3 -17 -183 204 21
2020 - - - -119 35 -84 -48 1 -47 -220 352 132
2021 and forward - - - - 5 5 -77 2 -75 -521 583 62
Total flows 2015 -23 3 -20 -285 421 136 -203 95 -108 -1,875 2,555 680
Total flows 2014 -51 5 -46 -178 390 212 -121 60 -61 -1,087 1,454 367
Currency exposure
The Group’s total outstanding currency derivatives related to all currency risks are shown in the following table.
The Group’s outstanding derivatives
Currency derivatives Fair value 2015 2014
Million Currency
Local
currency Asset SEK Liability SEK Net
Local
Currency Net
Maturity up to 1 year EUR -159 71 73 -2 -298 -51
USD -874 194 589 -395 -161 -276
Other 99 75 24 -54
Subtotal 364 737 -373 -381
Maturity 1 to 3 years EUR -128 46 42 4 -112 -43
USD -288 190 556 -366 -421 -374
Other 41 36 5 -4
Subtotal 277 634 -357 -421
Maturity 3 to 5 years EUR 65 23 52 -29 -8 -4
USD -30 275 34 241 74 -52
Other 44 4 40 11
Subtotal 342 90 252 -45
Maturity over 5 years EUR -5 - 1 -1 41 -2
USD 122 65 4 61 96 29
Other - 40 -40 17
Subtotal 65 45 20 44
Currency derivatives, total1)2) 1,048 1,506 -458 -803
1) Retained premiums on open currency contracts amount to MSEK -1 (36)
2) Of which derivatives used as cash flow hedge MSEK -506 (-814).
The Parent Company’s outstanding derivatives
Currency derivatives Fair value 2015 2014
Million Currency
Local
currency Asset SEK Liability SEK Net
Local
Currency Net
EUR -51 142 164 -22 -236 -72
USD -888 764 1,004 -240 -286 -613
Other 188 158 30 -22
Currency derivatives,
Parent Company total 1,094 1,326 -232 -707
SAAB ANNUAL REPORT 2015– 105