NWG // FINANCIAL INFORMATION //
THE GROUP
improvements are added to the cost and depreciated over the remaining useful life of the underlying asset .
Buildings 2-4 % Equipment , tools and installations 10-33 %
A tangible fixed asset is removed from the Group ´ s consolidated balance sheet upon sale or disposal , which occurs if the asset is not expected to generate any future economic benefits neither by being used nor being sold . Capital gains and losses are calculated as the difference between the consideration received and the asset ’ s carrying amount . Such gains and losses are recognized as other operating income or other operating costs in the period in which the asset is removed from the balance sheet . The assets ’ residual values , useful lives and methods of depreciation are reviewed at the end of each financial year and adjusted prospectively , if required .
If there are internal or external indications of a decline in the value of an asset , the asset is to be tested for impairment . An impairment loss is recognized if the recoverable amount of an asset is lower than its carrying amount . The recoverable amount is the higher of value in use and net realizable value . Impairment losses are recognized in the Group ’ s consolidated income statement in the period during which they occur . If an individual asset cannot be tested separately , as it is not possible to identify the fair value less selling expenses for the asset , the asset is allocated to a group of assets , known as a cash-generating unit , for which it is possible to identify separate future cash flows . To the extent that the underlying factors behind an impairment loss change in coming periods , the impairment loss will be reversed .
Buildings and land
Equipment , tools and installations
SEK million |
2020 |
2019 |
2020 |
2019 |
Accumulated acquisition values Opening accumulated acqusition values |
514.9 |
484.9 |
688.7 |
639.6 |
Acquistion through business combinations |
0.0 |
0.0 |
0.0 |
0.3 |
Acquisitions |
7.5 |
22.7 |
37.1 |
102.0 |
Sales / disposals |
-3.2 |
0.0 |
-71.4 |
-70.9 |
Reclassifications |
-8.6 |
-1.1 |
5.9 |
1.1 |
Translation differences |
-19.4 |
8.5 |
-46.9 |
16.6 |
Closing accumulated acquistion values |
491.4 |
514.9 |
613.5 |
688.7 |
Accumulated depreciations Opening accumulated depreciations |
-145.6 |
-127.3 |
-401.8 |
-384.1 |
Sales / disposals |
0.0 |
0.0 |
66.3 |
64.5 |
Depreciations as a part of production costs / goods for resale |
-0.7 |
-1.1 |
-13.2 |
-15.3 |
Depreciations |
-14.1 |
-14.0 |
-56.8 |
-55.6 |
Translation differences |
5.4 |
-3.2 |
32.1 |
-11.2 |
Closing accumulated depreciations |
-155.0 |
-145.6 |
-373.3 |
-401.8 |
Accumulated write-downs Opening accumulated write-downs |
-20.2 |
-20.2 |
-5.5 |
-5.5 |
Sales / disposals |
0.0 |
0.0 |
2.4 |
0.0 |
Closing accumulated write-downs |
-20.2 |
-20.2 |
-3.1 |
-5.5 |
Closing book value 316.2 349.1 237.1 281.4
ANNUAL REPORT // 085