Note 37 Leasing

Group, MSEK Buildings and land Machinery and equipment Investment property Project and development properties Total
Koncernen, Mkr Byggnader och mark Maskiner och inventarier Förvaltningsfastighet Projekt- och exploateringsfastighet Totalt
Depreciations during 2020 Avskrivningar under 2020 -192 -323 – – -515
Closing recognized value December 31, 2020 Utgående redovisat värde 31 december 2020 1,252 900 19 404 2,575
Depreciations during 2019 Avskrivningar under 2019 -153 -233 – – -386
Closing recognized value December 31, 2019 Utgående redovisat värde 31 december 2019 537 702 58 167 1,464

Additional rights of use in 2020 amounted to SEK 1,842 million (447) of which SEK 564 million is additional rent for offices and other premises which was added at the distribution of Annehem Fastigheter AB, SEK 360 million has been added in connection with the acquistion of YIT’s paving and mineral aggregates operations and SEK 308 million has been added regarding leaseholds recognized as project and development properties. The purchase price for rights of use newly acquired under 2020 as well as future amounts from reevaluations of leasing liabilities due to changed payments because the leasing period has changed are included in the Groups additional rights of use.

Other leasing information

In 2020 Peab reports interest rate costs on leasing liabilities of SEK 45 million (40). Total leasing payments amount to SEK 2,138 million (1,981).

Cost of current leasing for the year is SEK 1,586 million (1,528). Cost of leasing for smaller values for the year is SEK 36 million (26). Variable fees not included in leasing liabilities is SEK 5 million (5).

Leasing income for subleased items was SEK 5 million (4).

Interest-bearing liabilities is presented in note 30 and maturity analysis is presented in note 36.

  • Buildings and land – mainly refers to rent for offices and other premises. Rent for offices and other premises normally matures between three and ten years. In cases where it is feasible that the extension option will be used it is included in the leasing period. Leaseholds that are non-cancellable are considered to have a never ending leasing period.
  • Machinery and equipment – mainly refers to vehicles. Leasing contracts normally mature between four and five years including extension options.
  • Investment properties – mainly refers to leaseholds. Leaseholds that are non-cancellable are considered to have a never ending leasing period.
  • Project and development properties – mainly refers to leaseholds. Leaseholds that are non-cancellable are considered to have a never ending leasing period.

Leasing contracts where the company is the lessor

Leasing payments for the year recognized as income:
Group, MSEK 2020 2019
Koncernen, Mkr 2020 2019
Minimum lease payments Minimileaseavgifter 82 119
Variable fees Variabla avgifter 5 12
Total leasing income Totala leasingintäkter 87 131
Non-cancellable leasing payments amount to:
Group, MSEK 2020 2019
Koncernen, Mkr 2020 2019
Within a year Inom ett år 43 109
Between one and five years Mellan ett och fem år 57 212
Later than five years Senare än fem år 47 54
Total Summa 147 375