Note 17 Investment property
Accounting principle
Investment property is recognized at cost less accumulated depreciation and possible write-downs. For information on accounting principles for write-downs see note 15, Intangible assets and for further accounting principles for property see note 16, Tangible assets.
Information is provided on the fair value of investment property. The valuation is based on an internal valuation model. As a complement to this valuation annual external market valuations are obtained for a number of objects. External valuation of properties is performed every third year.
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.
| Buildlings | 100 years |
| Land improvements | 20 years |
Investment properties consist of owned and leased assets.
| MSEK | Note | 2024 | 2023 | ||
| Mkr | Not | 2024 | 2023 | ||
| Investment properties – owned | Förvaltningsfastigheter – ägda | 36 | 38 | ||
| Rights of use – leased with | Nyttjanderätter – leasade | 28 | 28 | 23 | 23 |
| Total | Summa | 59 | 61 |
| MSEK | 2024 | 2023 | |
| Mkr | 2024 | 2023 | |
| Opening acquisition value | Ingående anskaffningsvärde | 42 | 39 |
| Purchases | Inköp | – | 3 |
| Reclassifications | Omklassificering | -2 | – |
| Closing accumulated acquisition value | Utgående ackumulerade anskaffningsvärden | 40 | 42 |
| Opening depreciation | Ingående avskrivningar | -4 | -3 |
| Depreciation | Avskrivningar | 0 | -1 |
| Closing accumulated depreciation | Utgående ackumulerade avskrivningar | -4 | -4 |
| Closing recognized value | Utgående redovisat värde | 36 | 38 |
Accumulated fair value
At year-end fair value amounted to SEK 94 million compared to the recognized value of SEK 59 million including rights of use. At the end of 2023 fair value amounted to SEK 96 million compared to the recognized value of SEK 61 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
Fair value has been determined through a combination of applying the location/price method, based on recognized comparable purchases and the yield method. 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. The valuation of the above fair values are classified on level 3 in the fair value hierarchy.