Note 16 Tangible assets
Accounting principle
Tangible assets are recognized in consolidated accounts at acquisition value minus accumulated depreciation and any write-downs. The acquisition value consists of the purchase price and costs directly attributable to putting the asset in place in the condition required for utilization in accordance with the purpose of the acquisition.
The value of a tangible asset is derecognized from the balance sheet upon scrapping or divestment or when no future financial benefits are expected. Any recognized values of exchanged components, or parts of components, that are not depreciated are scrapped and expensed in connection with the exchange.
Gains and losses arising from divestment or disposal of an asset consist of the difference between the sales price and the asset’s recognized value less direct sales costs.
For information on accounting principles for write-downs see note 15, Intangible assets.
Additional costs
Additional costs are only added to the acquisition value if it is likely that the future financial benefits associated with the asset will benefit the Group and the acquisition value can be reliably estimated. Additional costs include the cost of exchanging entire, or parts of, identifiable components as well as the cost of creating new components. Costs that do not meet asset criteria are recognized as costs as they occur.
Depreciation principles
Depreciation is based on the original acquisition value minus the calculated residual value. Depreciation is linear over the assessed useful life of the asset.
| Buildings | 25-100 years |
| Land improvements | 25-50 years |
| Asphalt and concrete factories | 10-15 years |
| Vehicles and construction machinery | 5-10 years |
| Other equipment and inventories | 3-10 years |
The useful life and residual value of assets are assessed annually.
Gravel and rock quarries are written down based on substance depletion, i.e. the amount of gravel and rock removed in relation to the calculated total amount of substance deemed recoverable in the gravel and rock quarry.
For information on accounting principles regarding loan costs see note 22, Project and development properties.
Tangible fixed assets consist of owned and leased assets.
| MSEK | Note | 2024 | 2023 | ||
| Mkr | Not | 2024 | 2023 | ||
| Tangible fixed assets – owned | Materiella anläggningstillgångar – ägda | 5,705 | 6,211 | ||
| Rights of use – leased with | Nyttjanderätter – leasade | 28 | 28 | 1,948 | 2,122 |
| Total | Summa | 7,653 | 8,333 |
| 2024‚ MSEK | Buildings and land | Machinery and equipment | Construction in progress | Total | |
| 2024. Mkr | Byggnader och mark | Maskiner och inventarier | Pågående nyanläggningar | Totalt | |
| Opening acquisition value | Ingående anskaffningsvärde | 2,810 | 13,120 | 488 | 16,418 |
| Purchases | Inköp | 57 | 423 | 99 | 579 |
| Sales/disposals | Försäljningar och utrangeringar | -141 | -479 | -7 | -627 |
| Reclassifications 1) | Omklassificering 1) | 260 | 333 | -478 | 115 |
| Exchange rate differences | Valutakursdifferens | 23 | 80 | 1 | 104 |
| Closing accumulated acquisition value | Utgående ackumulerade anskaffningsvärden | 3,009 | 13,477 | 103 | 16,589 |
| Opening depreciation | Ingående avskrivningar | – 1311 | -8,873 | – | -10,184 |
| Sales/disposals | Försäljningar och utrangeringar | 29 | 446 | 475 | |
| Depreciation | Avskrivningar | -101 | -897 | -998 | |
| Reclassifications 1) | Omklassificering 1) | 1 | -85 | -84 | |
| Exchange rate differences | Valutakursdifferens | -9 | -54 | -63 | |
| Closing accumulated depreciation | Utgående ackumulerade avskrivningar | -1,391 | -9,463 | – | -10,854 |
| Opening write-downs | Ingående nedskrivningar | -3 | -20 | – | -23 |
| Sales/disposals | Försäljningar och utrangeringar | 1 | 1 | 2 | |
| Write-downs | Nedskrivningar | -9 | -9 | ||
| Closing accumulated write-downs | Utgående ackumulerade nedskrivningar | -11 | -19 | – | -30 |
| Closing recognized value | Utgående redovisat värde | 1,607 | 3,995 | 103 | 5,705 |
| 2023‚ MSEK | Buildings and land | Machinery and equipment | Construction in progress | Total | |
| 2023. Mkr | Byggnader och mark | Maskiner och inventarier | Pågående nyanläggningar | Totalt | |
| Opening acquisition value | Ingående anskaffningsvärde | 2,631 | 12,910 | 447 | 15,988 |
| Purchases | Inköp | 175 | 697 | 384 | 1,256 |
| Sales/disposals | Försäljningar och utrangeringar | -31 | -681 | -2 | -714 |
| Reclassifications 1) | Omklassificering 1) | 46 | 304 | -341 | 9 |
| Exchange rate differences | Valutakursdifferens | -11 | -110 | -121 | |
| Closing accumulated acquisition value | Utgående ackumulerade anskaffningsvärden | 2,810 | 13,120 | 488 | 16,418 |
| Opening depreciation | Ingående avskrivningar | -1,249 | -8,611 | – | -9,860 |
| Sales/disposals | Försäljningar och utrangeringar | 12 | 602 | 614 | |
| Depreciation | Avskrivningar | -89 | -887 | -976 | |
| Reclassifications 1) | Omklassificering 1) | 10 | -59 | -49 | |
| Exchange rate differences | Valutakursdifferens | 5 | 82 | 87 | |
| Closing accumulated depreciation | Utgående ackumulerade avskrivningar | -1,311 | -8,873 | – | -10,184 |
| Opening write-downs | Ingående nedskrivningar | -5 | -27 | – | -32 |
| Sales/disposals | Försäljningar och utrangeringar | 3 | 3 | ||
| Reclassifications | Omklassificering | 2 | 3 | 5 | |
| Exchange rate differences | Valutakursdifferens | 1 | 1 | ||
| Closing accumulated write-downs | Utgående ackumulerade nedskrivningar | -3 | -20 | – | -23 |
| Closing recognized value | Utgående redovisat värde | 1,496 | 4,227 | 488 | 6,211 |
1) Also including resolved leasing contracts
Write-downs are recognized in the following line of the income statement:
| MSEK | 2024 | 2023 | |
| Mkr | 2024 | 2023 | |
| Production costs | Kostnader för produktion | -9 | – |
| Total | Summa | -9 | – |
No loan costs have been activated during the year. During 2023 loan costs were activated with SEK 2 million.