Note 37 Operational leasing contracts

LEASING CONTRACTS WHERE THE COMPANY IS LESSEE

Expensed leasing payments for the year:

Group, MSEK 2017 2016
Minimum lease payments 246 261
Total leasing costs 246 261

Non-cancellable leasing payments amount to:

Group, MSEK 2017 2016
Within a year 238 210
Between one and five years 471 504
Later than five years 63 58
Total 772 772

Rental of premises, office inventory and some vehicles are classified as operational leasing contracts. Most of the leasing cost refers to rental of premises according to operational leasing contracts. The leasing contracts run without special restrictions with an option to renew. Other operational leasing contracts are divided among a number of lesser agreements.

Leasing income generated by objects that are rented to a third party is marginal.

LEASING CONTRACTS WHERE THE COMPANY IS LESSOR

Leasing payments for the year recognized as income:

Group, MSEK 2017 2016
Minimum lease payments  131 117
Variable fees 15 11
Total leasing income 146 128

Non-cancellable leasing payments amount to:

Group, MSEK 2017 2016
Within a year  118 97
Between one and five years 248 124
Later than five years 411 35
Total 777 256

In 2017 a long leasing contract was signed for a commercial property in Västerås.