Note 37 Leasing
Leasing – lessees
| Right-of-use assets | ||||||
| Group, MSEK | Buildings and land | Machinery and equipment | Investment property | Project and development properties | Total | |
| Nyttjanderättstillgångar | ||||||
| Koncernen, Mkr | Byggnader och mark | Maskiner och inventarier | Förvaltningsfastigheter | Projekt- och exploateringsfastigheter | Totalt | |
| Depreciations during 2023 | Avskrivningar under 2023 | -310 | -356 | – | – | -666 |
| Closing recognized value December 31, 2023 | Utgående redovisat värde 31 december 2023 | 1,153 | 969 | 23 | 169 | 2,314 |
| Depreciations during 2022 | Avskrivningar under 2022 | -292 | -337 | – | – | -629 |
| Closing recognized value December 31, 2022 | Utgående redovisat värde 31 december 2022 | 1,269 | 945 | 21 | 332 | 2,567 |
Included in the Group’s additional rights of use is the purchase price for newly acquired rights of use during the year 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 2023 amounted to SEK 621 million (700), of which SEK 35 million (76) refer to leaseholds recognized as project and development properties. The comparable period includes additional rights of use that came from the acquisition of companies Arne Olav Lund AS and Asfaltti-System OY.
Other leasing information
Peab reported interest rate costs on leasing liabilities of SEK 80 million (61) in 2023. Total leasing payments amounted to SEK 2,284 million (2,259).
The cost of short-term leasing for the year was SEK 1,495 million (1,529). The cost of leasing for low values for the year was SEK 43 million (47). Variable fees not included in leasing liabilities were SEK 18 million (12).
Leasing income for subleased items was SEK 2 million (2).
Interest-bearing liabilities are presented in note 30 and the maturity analysis is presented in note 36.
- 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 | 2023 | 2022 | |
| Moderbolaget, Mkr | 2023 | 2022 | |
| Future minimum leasing fees for non-cancellable leases | Framtida minimileaseavgifter avseende icke uppsägningsbara leasingavtal | ||
| Within one year | Inom ett år | 5 | 5 |
| Between one and five years | Mellan ett och fem år | 18 | 11 |
| Later than five years | Senare än fem år | 9 | 8 |
| Total | Summa | 32 | 24 |
| Financial year’s expensed leasing fees | Räkenskapsårets kostnadsförda leasingavgifter | 19 | 18 |
Leasing- lessor
Leasing payments for the year recognized as income:
| Group, MSEK | 2023 | 2022 | |
| Koncernen, Mkr | 2023 | 2022 | |
| Minimum lease payments | Minimileaseavgifter | 853 | 828 |
| Variable fees | Variabla avgifter | 7 | 2 |
| Total leasing income | Totala leasingintäkter | 860 | 830 |
Non-cancellable leasing payments amount to:
| Group, MSEK | 2023 | 2022 | |
| Koncernen, Mkr | 2023 | 2022 | |
| Within a year | Inom ett år | 54 | 55 |
| Between one and five years | Mellan ett och fem år | 71 | 47 |
| Later than five years | Senare än fem år | 16 | 16 |
| Total | Summa | 141 | 118 |