Note 17 Leases


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  Group
Maturity structure lease liabilities 2023-12-31 2022-12-31
Within one year 158 133
1-2 years 115 81
2-3 years 66 58
3-4 years 42 25
4-5 years 29 16
Later than 5 years 138 59
Total undiscounted lease payments 548 371
Carrying amount 504 356
     
  Group
Revenue and costs from lease agreements 2023 2022
Lease payments received 2 2
     
Lease costs    
Depreciation of right-of-use assets -164 -154
Interest on lease liabilities -11 -5
Cost for short-term leasing -2 -1
Cost for leases of low-value -2 -1
Total -179 -161

Accounting principle

Lease payments are discounted with a discount rate based on the country's underlying currency, length of contract and underlying interest with a supplement for company-specific risk premium. The discount rate is the same for all assets, unless a specific interest rate is specified in the agreement.

Lease payments related to short-term leases and leases of low value assets are recognized as operating expenses on a straight-line basis over the term of the lease. Assets with low value include, among other things, printers and copying machines.