Note 24 - Leasing

Operating lease agreements – Group/Parent Company as lessee

All leasing agreements entered into by Svenska Spel are of an operational nature. Leasing agreements mainly relate to rent of office, casino and bingo premises. The Group’s rental costs amount to SEK 68.4 million (76.2). The Parent Company’s rental costs for 2010 are SEK 42.1 million (49.9).

Operating lease agreements – Group/Parent    Group       Parent Company
Company as lessee, SEK million 2010 2009   2010 2009
Within 1 year 60 59   33 32
Within 1–5 years 239 234   130 126
More than 5 years 306 361   68 98
Total 606 654   231 256
           

The casino in Sundsvall has a 30-year lease, while the leases for the casinos in Gothenburg and Malmö are held for 20 years. The agreements contain an indexing clause for annual calculation of rental payments. The Parent Company’s rental costs pertain to office premises in Sundbyberg. The rental period is 10 years.

Operating lease agreements – Group/Parent Company as lessor

These agreements pertain to the rental of gaming and lottery terminals to retailers.

Operating lease agreements – Group/Parent     Group       Parent Company
Company as lessor, SEK million 2010 2009   2010 2009
Within 1 year 49 50   49 50
Within 1–5 years 197 200   197 200
Total 247 250   247 250
           

After five years, the annual revenue from operating lease agreements pertaining to the lease of retailer terminals is expected to amount to approximately SEK 50 million per year.

  Group   Parent Company
Leased retailer terminals, SEK million 2010 2009   2010 2009
Opening cost 146 146   146 146
Purchases for the year  
Sales for the year  
Closing cost 146 146   146 146
           
Opening depreciation –108 –79   –108 –79
Depreciation for the year –29 –29   –29 –29
Sales for the year  
Closing depreciation –137 –108   –137 –108
Carrying amount 9 38   9 38