Note 18 Investment property
Investment properties consist of owned and leased assets.
| Group, MSEK | Note | 2020 | 2019 | ||
| Koncernen, Mkr | Not | 2020 | 2019 | ||
| Investment properties – owned | Förvaltningsfastigheter – ägda | 111 | 500 | ||
| Rights of use – leased with | Nyttjanderätter – leasade | 37 | 37 | 19 | 58 |
| Total | Summa | 130 | 558 |
| Group 2020‚ MSEK | Investment property | Construction in progress | Total | |
| Koncernen 2020. Mkr | Förvaltningsfastigheter | Pågående nyanläggningar | Totalt | |
| Opening acquisition value | Ingående anskaffningsvärde | 561 | 1 | 562 |
| Purchases | Inköp | 7 | 2 | 9 |
| Distribution Annehem Fastigheter | Utdelning Annehem Fastigheter | -421 | -3 | -424 |
| Exchange rate differences | Valutakursdifferens | -9 | -9 | |
| Closing accumulated acquisition value | Utgående ackumulerade anskaffningsvärden | 138 | – | 138 |
| Opening depreciation | Ingående avskrivningar | -52 | – | -52 |
| Distribution Annehem Fastigheter | Utdelning Annehem Fastigheter | 47 | 47 | |
| Depreciation | Avskrivningar | -12 | -12 | |
| Closing accumulated depreciation | Utgående ackumulerade avskrivningar | -17 | – | -17 |
| Opening write-downs | Ingående nedskrivningar | -10 | – | -10 |
| Closing accumulated write-downs | Utgående ackumulerade nedskrivningar | -10 | – | -10 |
| Closing recognized value | Utgående redovisat värde | 111 | – | 111 |
| Group 2019‚ MSEK | Investment property | Construction in progress | Total | |
| Koncernen 2019. Mkr | Förvaltningsfastigheter | Pågående nyanläggningar | Totalt | |
| Opening acquisition value | Ingående anskaffningsvärde | 380 | 260 | 640 |
| Purchases | Inköp | 62 | 62 | |
| Sales/disposals | Försäljningar och utrangeringar | -143 | -143 | |
| Reclassification | Omklassificering | 266 | -266 | – |
| Exchange rate differences | Valutakursdifferens | -4 | 7 | 3 |
| Closing accumulated acquisition value | Utgående ackumulerade anskaffningsvärden | 561 | 1 | 562 |
| Opening depreciation | Ingående avskrivningar | -41 | – | -41 |
| Sales/disposals | Försäljningar och utrangeringar | 3 | 3 | |
| Depreciation | Avskrivningar | -14 | -14 | |
| Closing accumulated depreciation | Utgående ackumulerade avskrivningar | -52 | – | -52 |
| Opening write-downs | Ingående nedskrivningar | -10 | – | -10 |
| Closing accumulated write-downs | Utgående ackumulerade nedskrivningar | -10 | – | -10 |
| Closing recognized value | Utgående redovisat värde | 499 | 1 | 500 |
Loan interest of SEK 0 million (0) has been activated during the year.
Accumulated fair value
At year-end fair value amounted to SEK 121 million compared to the recognized value of SEK 111 million. At year-end 2019 fair value amounted to SEK 603 million compared to the recognized value of SEK 500 million. The fair value of the rights of use (leaseholds), in addition to the recognized value, is immaterial.
Valuing technique, hierarchy and significant unobservable inputs
The valuation of the above fair values are classified on level 3 in the fair value hierarchy. The valuation is built on an internal valuation model. As a complement to this valuation annual external market valuations are obtained for a number of objects. Fair value has been determined through a combination of applying the location/price method, based on recognized comparable purchases and the yield method.
Effect on profit/loss for the year
| Group, MSEK | 2020 | 2019 | |
| Koncernen, Mkr | 2020 | 2019 | |
| Rental revenue | Hyresintäkter | 11 | 61 |
| Direct costs for investment property that generated rent during the year (operational and maintenance costs, property tax and ground rent) | Direkta kostnader för förvaltningsfastigheter som genererat hyresintäkter under perioden (drift- och underhållskostnader, fastighetsskatt och tomträttsavgäld) | -4 | -29 |
| Direct costs for investment property that did not generate rent during the year (operational and maintenance costs, property tax and ground rent) | Direkta kostnader för förvaltningsfastigheter som inte genererat hyresintäkter under perioden (drift- och underhållskostnader, fastighetsskatt och tomträttsavgäld) | -1 | -6 |