Note 36 Leasing

Leasing – lessees

Group, MSEK Buildings and land Machinery and equipment Investment property Project and development properties Total
Koncernen, Mkr Byggnader och mark Maskiner och inventarier Förvaltningsfastigheter Projekt- och exploateringsfastigheter Totalt
Depreciations during 2021 Avskrivningar under 2021 -278 -335 – – -613
Closing recognized value December 31, 2021 Utgående redovisat värde 31 december 2021 1,256 881 19 326 2,482
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

Included in the Group’s additional rights of use is the purchase price for newly acquired rights of use in 2021 as well as future amounts from reevaluations of leasing liabilities due to changed payments because the leasing period has changed. Additional rights of use in 2021 amounted to SEK 748 million (1,842), of which SEK 100 million (308) refer to leaseholds recognized as project and development properties. Additional rights of use in 2021 included rights of use that come from the acquisition of companies HGT AS and Fröseth AS. The comparable period includes additional rights of use of SEK 564 million that refer to rent for offices and other premises in connection with the distribution of Annehem Fastigheter and SEK 360 million in connection with the acquisition of paving and mineral aggregates operations in business area Industry.

Other leasing information

Peab reported interest rate costs on leasing liabilities of SEK 66 million (45) in 2021. Total leasing payments amounted to SEK 2,216 million (2,138).

The cost of current leasing for the year was SEK 1,502 million (1,586). The cost of leasing for smaller values for the year was SEK 45 million (36). Variable fees not included in leasing liabilities were SEK 5 million (5).

Leasing income for subleased items was SEK 3 million (5).

Interest-bearing liabilities are presented in note 29 and the maturity analysis is presented in note 35.

  • Buildings and land – mainly refers to rent for offices and other premises, leaseholds and land leases. 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.

 

Parent company, MSEK 2021 2020
Moderbolaget, Mkr 2021 2020
Future minimum leasing fees for  non-cancellable leases Framtida minimileaseavgifter avseende icke uppsägningsbara leasingavtal
Within one year Inom ett år 5 4
Between one and five years Mellan ett och fem år 11 9
Later than five years Senare än fem år 11 9
Amount Summa 27 22
Financial year’s expensed leasing fees Räkenskapsårets kostnadsförda leasingavgifter 18 19

Leasing- lessor

Leasing payments for the year recognized as income:
Group, MSEK 2021 2020
Koncernen, Mkr 2021 2020
Minimum lease payments Minimileaseavgifter 45 82
Variable fees Variabla avgifter 3 5
Total leasing income Totala leasingintäkter 48 87
Non-cancellable leasing payments amount to:
Group, MSEK 2021 2020
Koncernen, Mkr 2021 2020
Within a year Inom ett år 32 43
Between one and five years Mellan ett och fem år 22 57
Later than five years Senare än fem år 34 47
Total Summa 88 147