Note 11 Impairment losses and reversed impairment losses

Impairment losses of non-current intangible assets, property, plant and equipment and investment property in the income statement are broken down as follows:

	2008	2007
Cost of products sold	419	1,850
Other operating expenses (investment property)	4	-
Total	423	1,850

Major impairment losses above include:

Business Group Central Europe

Future cost increases stemming from new network fees decided on by Bundesnetzagentur, the German network regulator, have resulted in impairment charges for pumped storage power plants in Germany. The reported value of the plants has been compared with a calculated net present value based on future, sustainable cash flows. This has resulted in an impairment loss of SEK 387 million for the Mining & Generation business unit. A discount rate of 6.6% after tax has been used in the calculations.

Reversed impairment losses of non-current intangible assets, property, plant and equipment and investment property in the income statement are broken down as follows:

	2008	2007
Cost of products sold	-	14
Administrative expenses	-	1
Other operating expenses (investment property)	-	29
Total	-	44