| SEKm | Dec. 31, 2012 | Dec. 31, 2011 |
| Liquid funds | 7,403 | 7,839 |
| % of annualized net sales1) | 13.1 | 13.9 |
| Net liquidity | 4,320 | 3,272 |
| Fixed interest term, days | 16 | 18 |
| Effective annual yield, % | 2.1 | 3.6 |
| 1) Liquid funds plus an unused revolving credit facility of EUR 500m and a committed credit facility of SEK 3,400m divided by annualized net sales. | ||
| For additional information on the liquidity profile, see Note 18. | ||
Overview
/ Board of Directors Report and Notes / Report by the Board of Directors for 2012 / Financial position