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Note 22 - Leasing

Operating lease agreements as lessee

All lease agreements entered into by the Svenska Spel Group as a lessee are of an operational nature. The agreements mainly relate to the rental of office and casino premises. The Group’s leasing costs amounted to SEK 67.1 million (67.9), of which SEK 62.9 million (62.9) pertained to rent on premises. The Parent Company’s leasing costs for 2014 were SEK 40.2 million (41.6), of which SEK 35.9 million (35.8) pertained 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 and Visby. The respective lease periods are 10 and 9 years.

Maturity structure of lease agreements for office and casino premises
  Group   Parent Company
SEK million 2014 2013   2014 2013
Within 1 year 64 64   35 35
Within 1–5 years 175 207   60 89
More than 5 years 162 229   25 37
Total 401 501   120 161
           

Operating lease agreements as lessor

The Group’s agreements as a lessor relate to the renting out of retailer and lottery terminals to retailers. After five years, the annual revenue from operating lease agreements, pertaining to the renting out of terminals to gaming and lottery retailers, is assessed as amounting to about SEK 45 million annually. Retailer and lottery terminals are recognised as property, plant and equipment in Svenska Spel’s balance sheet and have an estimated depreciation period of five years.

Maturity structure of lease agreements for retailer and lottery terminals
  Group   Parent Company
SEK million 2014 2013   2014 2013
Within 1 year 42 44   42 44
Within 1–5 years 168 176   168 176
Total 209 220   209 220
           
Carrying amounts of retailer and lottery terminals
  Group   Parent Company
SEK million 2014 2013   2014 2013
Opening cost 143 144   143 144
Purchases for the year  
Sales for the year –0   –0
Closing cost 143 143   143 143
           
Opening depreciation –143 –143   –143 –143
Depreciation for the year –0   –0
Sales for the year 0   0
Closing depreciation –143 –143   –143 –143
Carrying amount 0 0   0 0

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