Notes for P&L

All amounts in SEKm unless otherwise stated

Note 17 Leases

	2024-12-31
Group	Right-of-use assets for leased premises	Right-of-use assets for vehicles	Right-of-use assets, other	Total
Accumulated cost
Opening balance	663	228	10	901
Increase in leases during the year	137	86	6	229
Terminated lease contracts	-78	-56	-1	-135
Translation effect for the year	16	8	0	24
Closing balance	738	266	15	1,019
Accumulated depreciation and impairment losses
Opening balance	-307	-96	-6	-409
Depreciation and amortisation	-110	-73	-3	-186
Terminated lease contracts	47	51	1	100
Translation effect for the year	-7	-4	-0	-11
Closing balance	-376	-122	-8	-506
Carrying amount at year-end	362	144	7	513
Carrying amount at start of year	357	132	4	492

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	2023-12-31
Group	Right-of-use assets for leased premises	Right-of-use assets for vehicles	Right-of-use assets, other	Total
Accumulated cost
Opening balance	507	187	11	705
Increase in leases during the year	237	102	3	342
Terminated lease contracts	-79	-60	-4	-144
Translation effect for the year	-2	-0	-0	-3
Closing balance	663	228	10	900
Accumulated depreciation and impairment losses
Opening balance	-262	-88	-8	-357
Depreciation and amortisation	-99	-62	-3	-165
Terminated lease contracts	51	51	4	106
Translation effect for the year	2	2	0	4
Closing balance	-308	-97	-6	-411
Carrying amount at year-end	355	130	4	490
Carrying amount at start of year	245	99	4	349

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	Group
Maturity structure lease liabilities	2024-12-31	2023-12-31
Within one year	181	158
1-2 years	114	115
2-3 years	77	66
3-4 years	53	42
4-5 years	29	29
Later than 5 years	115	138
Total undiscounted lease payments	570	548
Carrying amount	531	504

	Group
Revenue and costs from lease agreements	2024	2023
Lease payments received	2	2

Lease costs
Depreciation of right-of-use assets	-186	-164
Interest on lease liabilities	-16	-11
Cost for short-term leasing	-0	-2
Cost for leases of low-value	-1	-2
Total	-203	-179

Accounting principle

The Group’s lease contracts primarily comprise premises, vehicles, machinery and equipment as well as office equipment. The Group applies the exemptions to expense short-term leases and leases of low-value linearly over the lease term. The Group presents three categories of right-of-use assets: premises, vehicles and other.

At the commencement date of a lease, the Group recognise a lease liability at the present value of future lease payments to be made during the term of the lease. The lease term is determined as the non-cancellable lease term together with any periods to extend or terminate the lease that are reasonably certain to be exercised. When calculating the present value of lease payments, the Group applies the implicit interest rate if it is readily determinable. Otherwise, the incremental borrowing rate at the commencement date of the lease is applied. The incremental borrowing rate is based on the country in which the leased asset is localised, the term of the lease with the addition of a company specific risk premium.

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.