Note 16

Leases

At the end of 2020/2021, the lease liability amounted to SEK 676 million (627), of which S E K 186 million (169) was a current liability and SEK 490 million (458) was a non-current liability. The average remaining lease term at the end of March 2021 was 25 months, with extension options accounting for one month of that. The Group’s right-of-use assets are primarily leased premises, vehicles and other leases (of, for example, production equipment, office equipment and other assets not considered individually significant). Depreciation of right-of-use assets is specified in Note 8 Depreciation. Interest expenses on the lease liability for the 2020/2021 financial year amounted to SEK 9 million (8) and, in cash flow for the year, the amortisation component of the lease fees amounted to SEK 192 million (162) in addition to the interest expense. The cash flow effect from leases of lesser value amounted to an outflow of SEK -2 million, the cash flow effect from current leases to an outflow of SEK -10 million and cash flow from leases with variable fees to an outflow of SEK -1 million. Rent concessions paid as a result of Covid-19 during 2020/2021 are not considered significant.

3/31/2020
Group Buildings Vehicles Other Total
Accumulated cost
At beginning of year 657 89 32 778
Corporate acquisitions 45 6 2 53
Additional right-of-use assets 192 38 4 234
Ended contracts -53 -26 -3 -82
Translation effect for the year -17 -3 0 -20
At end of year 824 104 35 963
Accumulated amortisation and impairment
At beginning of year -118 -28 -6 -152
Corporate acquisitions -1 0 -1 -2
Depreciation/amortisation -143 -34 -9 -186
Ended contracts 34 20 2 56
Translation effect for the year 2 1 0 3
At end of year -226 -41 -14 -281
Carrying amount at end of year 598 63 21 682
Carrying amount at beginning of year 539 61 26 626
3/31/2020
Group Buildings Vehicles Other Total
Accumulated cost
At beginning of year (in accordance with IAS 17) - - - -
Amended accounting principles 477 57 24 558
Corporate acquisitions 40 0 1 41
Additional rights-of-use assets 144 33 8 185
Ended contracts -8 -2 -1 -11
Translation effect for the year 4 1 0 5
At end of year 657 89 32 778
Accumulated amortisation and impairment
At beginning of year (in accordance with IAS 17) - - - -
Corporate acquisitions -6 0 0 -6
Depreciation/amortisation -114 -30 -7 -151
Ended contracts 2 2 1 5
Translation effect for the year 0 0 0 0
At end of year -118 -28 -6 -152
Carrying amount at end of year 539 61 26 626
Carrying amount at beginning of year - - - -
Group Group
Maturity structure of lease liabilities 2020/2021 2019/2020
Within one year 192 174
1-2 years 169 145
2-5 years 292 261
Later than 5 years 44 70
Expected future payments 697 650
Carrying amount 676 627
Contractual expenses from leases 2020/2021 2019/2020
Depreciation/amortisation -186 -157
Interest on lease liabilities -9 -8
Lease expenses for current contracts -10 -
Lease expenses for lesser-value assets -2 -
Lease expenses for variable fees -1 -
Lease expenses -208 -165