Note 22 - 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 and casino premises. The Group’s leasing costs amount to SEK 70.0 million (78.4), of which SEK 63.2 million (71.5) pertains to rent on premises. The Parent Company’s leasing costs for 2012 amounted to SEK 43.4 million (42.3), of which SEK 36.3 million (35.3) pertains to rent on premises.

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

Operating lease agreements – Group/Parent Company as lessee, SEK million
	Group		Parent Company
	2012	2011	2012	2011
Within 1 year	59	58	31	31
Within 1–5 years	213	235	98	122
More than 5 years	251	283	32	35
Total	522	577	161	188

Operating lease agreements Group/Parent Company as lessee

These agreements relate to the renting out of gaming and lottery terminals to retailers. After five years, the annual revenue from operational leasing agreements, pertaining to the renting out of terminals to gaming and lottery retailers, is assessed as amounting to about SEK 50 million annually.

Operating lease agreements – Group/Parent Company as lessee, SEK million
	Group		Parent Company
	2012	2011	2012	2011
Within 1 year	46	48	46	48
Within 1–5 years	184	192	184	192
Total	230	240	230	240

Leased retailer terminals, SEK million
	Group		Parent Company
	2012	2011	2012	2011
Opening cost	145	146	145	146
Purchases for the year	—	—	—	—
Sales for the year	–1	–1	–1	–1
Closing cost	144	145	144	145

Opening depreciation	–144	–137	–144	–137
Depreciation for the year	–1	–8	–1	–8
Sales for the year	1	1	1	1
Closing depreciation	–144	–144	–144	–144
Carrying amount	0	1	0	1