Note 13 Leases

Arjo as a lessee

Amounts recognized in the balance sheet

SEK M 2019
Mkr 2019
Right-of-use assets Tillgångar med nyttjanderätt
Buildings and land Byggnader och mark 865
Cars and other vehicles Bilar och övriga fordon 282
Other Övrigt 11
Total Summa 1,158
Lease liabilities Leasingskulder
Current Kortfristiga 300
Non-current Långfristiga 856
Total Summa 1,156
Additional right-of-use assets in 2019 amounted to SEK 163 M. The cash outflow amounted to SEK 313 M.

Maturity analysis for lease payments with undiscounted lease payments that are to be paid annually to lessors 1)

SEK M 2019
Mkr 2019
Due within 1 year Förfallotidpunkt inom 1 år 317
Due within 1 to 2 years Förfallotidpunkt 1 till 2 år 247
Due within 2 to 3 years Förfallotidpunkt 2 till 3 år 184
Due within 3 to 4 years Förfallotidpunkt 3 till 4 år 141
Due within 4 to 5 years Förfallotidpunkt 4 till 5 år 113
Due in more than 5 years Förfallotidpunkt mer än 5 år 339
Total Summa 1,341

1) Excluding sale and leaseback contracts that are recognized separately below

Amounts recognized in profit or loss

SEK M 2019
Mkr 2019
Depreciation of right-of-use assets Avskrivningar på nyttjanderätter
Buildings and land Byggnader och mark -163
Cars and other vehicles Bilar och övriga fordon -164
Other Övrigt -6
Total Summa -333
Interest expenses attributable to leases Räntekostnader hänförliga till leasingavtal -39
Expenses attributable to short-term leases (included in cost of goods sold, selling expenses, administrative expenses, research and development costs) Utgifter hänförliga till korttidsleasingavtal (ingår i kostnad för sålda varor, försäljningskostnader, administrationskostnader, forsknings- och utvecklingskostnader) -9
Expenses attributable to low-value leases that are not short-term leases (included in cost of goods sold, selling expenses and administrative expenses) Utgifter hänförliga till leasingavtal för vilka den underliggande tillgången är av lågt värde som inte är korttidsleasingavtal (ingår i kostnad för sålda varor, försäljningskostnader, administrationskostnader) -6

IAS 17 Leases was applied in 2018. Leases for which Arjo was the lessee were expensed proportionately over the lease term. Lease expenses for assets held via operating leases, such as leased premises, cars, machinery, computers and office equipment, are recognized among operating expenses.

Operating leases

SEK M Mkr 2018
SEK M Mkr 2018
Costs relating to operating leases Kostnader avseende operationell leasing -350

On the closing date 2018, future lease payments for non-cancellable leases amounted to the following:

SEK M 2018
Mkr 2018
Due within 1 year Förfallotidpunkt inom 1 år -313
Due within 2 to 5 years Förfallotidpunkt 2 till 5 år -762
Due in more than 5 years Förfallotidpunkt mer än 5 år -238
Total Totalt -1,313

Arjo as a lessor, operating leases

Amounts recognized in the balance sheet are stated in Note 12 Tangible assets, Rental equipment. Recognized lease income is stated in Note 2, Net sales by type of revenue, Rental. Most of the income is variable and related to the point in time that the asset was utilized.

Maturity analysis for lease payments with undiscounted lease payments that are to be received annually from customers

SEK M 2019
Mkr 2019
Due within 1 year Förfallotidpunkt inom 1 år 351
Due within 1 to 2 years Förfallotidpunkt 1 till 2 år 304
Due within 2 to 3 years Förfallotidpunkt 2 till 3 år 208
Due within 3 to 4 years Förfallotidpunkt 3 till 4 år 16
Due within 4 to 5 years Förfallotidpunkt 4 till 5 år 5
Due in more than 5 years Förfallotidpunkt mer än 5 år 4
Total Summa 888

Sale and leaseback and subleases

Sale and leaseback agreements signed with financiers whereby the asset is later sold on to customers under a sublease agreement. Recognized in the balance sheet as lease receivables from customers and lease liabilities and financial liabilities to financiers.

Lease receivables in the balance sheet

SEK M 2019 2018
Mkr 2019 2018
Current Kortfristiga 14 10
Non-current Långfristiga 38 41
Total Summa 52 51

Maturity analysis for lease payments with lease payments that are to be received annually from customers

2019‚ SEK M Not discounted payments Effect of interest Discounted payments
2019. Mkr Odiskonterade betalningar Ränteeffekt Diskonterade betalningar
Due within 1 year Förfallotidpunkt inom 1 år 14 0 14
Due within 1 to 2 years Förfallotidpunkt 1 till 2 år 14 0 14
Due within 2 to 3 years Förfallotidpunkt 2 till 3 år 15 -1 14
Due within 3 to 4 years Förfallotidpunkt 3 till 4 år 9 -1 8
Due within 4 to 5 years Förfallotidpunkt 4 till 5 år 1 0 1
Total Summa 53 -1 52
Interest income amounted to SEK 1 M.

Lease liabilities in the balance sheet

SEK M 2019 2018
Mkr 2019 2018
Current Kortfristiga 13 10
Non-current Långfristiga 29 41
Total Summa 42 51

Maturity analysis for lease payments with undiscounted lease payments that are to be paid annually to financiers for sale and leaseback agreements from 2018

SEK M 2019 2018
Mkr 2019 2018
Due within 1 year Förfallotidpunkt inom 1 år 13 16
Due within 1 to 2 years Förfallotidpunkt 1 till 2 år 13 16
Due within 2 to 3 years Förfallotidpunkt 2 till 3 år 12 14
Due within 3 to 4 years Förfallotidpunkt 3 till 4 år 4 6
Due within 4 to 5 years Förfallotidpunkt 4 till 5 år 1 0
Total Summa 43 52
Interest expenses amounted to SEK 1 M and cash outflow to SEK 12 M.

Financial liabilities in the balance sheet from sale and leaseback recognized in accordance with IFRS 9

SEK M 2019
Mkr 2019
Current Kortfristiga 2
Non-current Långfristiga 7
Total Summa 9