Note 14 Leased machinery and equipment, property leases

Note 14 Leased machinery and equipment, property leases

Operating lease agreements

The group’s leasing fees for the year totaled SEK 1,535m (1,364). At the balance sheet date, the group had outstanding leasing fees of SEK 5,204m (6,105). The minimum payments for operating leases falls due as follows:


Machinery and equipment
Properties
SEKm 2013 2012
2013 2012
Within one year 109 207
1,304 1,253
Between one and five years 164 275
2,401 2,723
Five or more years 9

1,217 1,647
Total 282 482
4,922 5,623

The majority of the machinery and equipment at the group’s disposal is held by Mail Sweden and consists of machines for the production of PostNord’s electronic mail services.

Finance lease agreements

Fees due under finance lease agreements mature as follows:


Minimum leasing expenses
Interest
Present value
SEKm 2013 2012
2013 2012
2013 2012
Within one year 31 64
3 13
28 51
Between one and five years 54 9
6 1
48 8
Total 85 73
9 14
76 59

Finance leasing assets

Finance leasing assets reported as tangible fixed assets are as follows:

SEKm 2013 2012
Acquisition value

Machinery and equipment 146 52
Properties 533 533
Ending balance 679 585
Accumulated depreciation

Machinery and equipment –81 –30
Properties –533 –504
Ending balance –614 –534
Book value 65 51

In 2013, finance leasing fees totaled SEK 85m (87).

The maturities of the long-term liabilities attributable to finance leasing are presented in Note 29, Financial Risk Management and Financial Instruments.

Finance leases comprise one processing facility in Sweden, discarded 31 December 2013, and vehicles in Norway and Sweden. The change in acquisition value is attributable to existing leases in an acquired company.

See also Note 26, Pledged Assets and Contingent Liabilities, page 126.