P11 Leases
Operating leases with Sandvik as lessee according to RFR 2
Operating leases with Sandvik as lessee |
2020 |
2021 |
|---|---|---|
Within one year |
117 |
126 |
Between one and five years |
279 |
307 |
Later than five years |
191 |
182 |
Net carrying amount |
587 |
615 |
Leasing fees for assets under operating leases, such as leased premises, machinery and office equipment are recognized within operating expenses. In 2021, the Parent Company expensed SEK 168 million.
Operating leases with Sandvik as lessor
No future minimum lease payments under non-cancellable operating lease contracts (0).
Accounting principles
Leased assets
The Parent Company recognizes all lease contracts according to the rules for operating leases.