Note 16
Leases
At the end of 2020/2021, the lease liability amounted to SEK 676 million (627), of which S E K 186 million (169) was a current liability and SEK 490 million (458) was a non-current liability. The average remaining lease term at the end of March 2021 was 25 months, with extension options accounting for one month of that. The Group’s right-of-use assets are primarily leased premises, vehicles and other leases (of, for example, production equipment, office equipment and other assets not considered individually significant). Depreciation of right-of-use assets is specified in Note 8 Depreciation. Interest expenses on the lease liability for the 2020/2021 financial year amounted to SEK 9 million (8) and, in cash flow for the year, the amortisation component of the lease fees amounted to SEK 192 million (162) in addition to the interest expense. The cash flow effect from leases of lesser value amounted to an outflow of SEK -2 million, the cash flow effect from current leases to an outflow of SEK -10 million and cash flow from leases with variable fees to an outflow of SEK -1 million. Rent concessions paid as a result of Covid-19 during 2020/2021 are not considered significant.
3/31/2020 | ||||
Group | Buildings | Vehicles | Other | Total |
Accumulated cost | ||||
At beginning of year | 657 | 89 | 32 | 778 |
Corporate acquisitions | 45 | 6 | 2 | 53 |
Additional right-of-use assets | 192 | 38 | 4 | 234 |
Ended contracts | -53 | -26 | -3 | -82 |
Translation effect for the year | -17 | -3 | 0 | -20 |
At end of year | 824 | 104 | 35 | 963 |
Accumulated amortisation and impairment | ||||
At beginning of year | -118 | -28 | -6 | -152 |
Corporate acquisitions | -1 | 0 | -1 | -2 |
Depreciation/amortisation | -143 | -34 | -9 | -186 |
Ended contracts | 34 | 20 | 2 | 56 |
Translation effect for the year | 2 | 1 | 0 | 3 |
At end of year | -226 | -41 | -14 | -281 |
Carrying amount at end of year | 598 | 63 | 21 | 682 |
Carrying amount at beginning of year | 539 | 61 | 26 | 626 |
3/31/2020 | ||||
Group | Buildings | Vehicles | Other | Total |
Accumulated cost | ||||
At beginning of year (in accordance with IAS 17) | - | - | - | - |
Amended accounting principles | 477 | 57 | 24 | 558 |
Corporate acquisitions | 40 | 0 | 1 | 41 |
Additional rights-of-use assets | 144 | 33 | 8 | 185 |
Ended contracts | -8 | -2 | -1 | -11 |
Translation effect for the year | 4 | 1 | 0 | 5 |
At end of year | 657 | 89 | 32 | 778 |
Accumulated amortisation and impairment | ||||
At beginning of year (in accordance with IAS 17) | - | - | - | - |
Corporate acquisitions | -6 | 0 | 0 | -6 |
Depreciation/amortisation | -114 | -30 | -7 | -151 |
Ended contracts | 2 | 2 | 1 | 5 |
Translation effect for the year | 0 | 0 | 0 | 0 |
At end of year | -118 | -28 | -6 | -152 |
Carrying amount at end of year | 539 | 61 | 26 | 626 |
Carrying amount at beginning of year | - | - | - | - |
Group | Group | |
Maturity structure of lease liabilities | 2020/2021 | 2019/2020 |
Within one year | 192 | 174 |
1-2 years | 169 | 145 |
2-5 years | 292 | 261 |
Later than 5 years | 44 | 70 |
Expected future payments | 697 | 650 |
Carrying amount | 676 | 627 |
Contractual expenses from leases | 2020/2021 | 2019/2020 |
Depreciation/amortisation | -186 | -157 |
Interest on lease liabilities | -9 | -8 |
Lease expenses for current contracts | -10 | - |
Lease expenses for lesser-value assets | -2 | - |
Lease expenses for variable fees | -1 | - |
Lease expenses | -208 | -165 |