NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 86

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 9 - Tangible fixed assets
Buildings
and land
Owned assets
Equipment, tools
and installations
2019 2018 2019 2018
484.9
0.0
22.7
0.0
-1.1
8.5
514.9 367.4
80.0
21.1
0.0
0.0
16.4
484.9 639.6
0.3
102.0
-70.9
1.1
16.6
688.7 498.4
0.0
126.0
-15.2
0.0
30.4
639.6
-127.3
0.0
-1.1
-14.0
-3.2
-145.6 -110.1
0.0
-0.6
-10.4
-6.3
-127.3 -384.1
64.5
-15.3
-55.6
-11.2
-401.8 -314.5
11.3
-12.9
-44.5
-23.4
-384.1
Accumulated write-downs
Opening write-downs
Sales/disposals
Closing accumulated write-downs -20.2
0.0
-20.2 -20.2
0.0
-20.2 -5.5
0.0
-5.5 -5.5
0.0
-5.5
Closing book value 349.1 337.4 281.4 250.0
SEK million
Accumulated acquisition values
Opening accumulated acqusition values
Acquistion through business combinations
Acquisitions
Sales/disposals
Reclassification
Translation differences
Closing accumulated acquistion values
Accumulated depreciations
Opening accumulated depreciations
Sales/disposals
Depreciations as a part of production costs/goods for resale
Depreciations
Translation differences
Closing accumulated depreciations
Leased assets
The Group has primarily lease agreements related to office premises, warehouses and cars. The lease period varies depending on type of asset
and country. For real estate leases the lease period varies from 3-10 years up to 15 years. For equipment, tools and installations (including cars)
the lease period varies between 2-6 years.
Set out below are the carrying amounts of right-of-use assets recognized and the movements during the period.
2019
SEK million
Accumulated acquisition values
Opening balance - Jan 1, 2019
Acquisitions
Terminations
Translation differences
Closing accumulated acquistion values
Accumulated depreciations
Opening depreciations
Terminations
Depreciations
Translation differences
Closing accumulated depreciations
Closing book value
086 // ANNUAL REPORT
Buildings
and land Equipment, tools
and
installations
593.6
282.3
-31.9
20.3 47.4
19.4
-1.2
1.2
864.3 66.9
0.0
3.7
-106.5
0.0
0.5
-19.9
-2.6 -0.4
-105.4 -19.8
758.9 47.1
SEK million
Gain or losses on right-of-use assets
Short-term lease expenses
Low value asset expenses
Variable lease expenses
2019
0.3
-30.6
-7.7
-29.6
Depreciation of right-of-use assets -126.4
Recognized in operating result -194.1
Refer to note 11 for interest expenses on the lease
liabilities and note 17 for maturity analysis of the
lease liabilities and note 20 for split between long-
term and short-term lease liabilities. During 2019,
total cash outflows related to leases amounted to
SEK 190.9 million, with a distribution of SEK 87.9
million within cash flow from operating activities and
SEK 103.0 million within financing activities. In 2018
total leasing costs amounted to SEK 177.1 million.