Note 49 Leasing

Leasing expenses

Equipment leased by the Group through finance leases and reported as property, plant and equipment are reported as follows:

	2008	2007
Machinery/Equipment
Cost	827	658
Accumulated depreciation according to plan	-163	-101
Residual value according to plan	664	557

Future payment commitments, as of 31 December 2008, for leasing contracts and rental contracts are broken down as follows:

	Financial leasing, nominal	Financial leasing, present value	Operating leasing
2009	87	84	678
2010	87	79	568
2011	87	75	488
2012	86	71	447
2013	89	69	424
2014 and beyond	710	511	1,409
Total	1,146	889	4,014

The current year’s leasing expenses for Group assets amounted to SEK 624 million (580).

Certain major leasing undertakings are described further in Note 45 to the consolidated accounts, Contingent liabilities.

Leasing revenues

Certain Group companies own and operate power facilities on behalf of customers. Revenues from customers are broken down into two components - a fixed component to cover capital expenses and a variable component based on the quantity delivered.

Facilities are classified in accordance with standard leasing principles, based on the fixed revenue component.

On 31 December 2008, cost of assets reported under Operating leasing amounted to SEK 1,550 million (1,943). Accumulated depreciation amounted to SEK 709 million (851) and accumulated impairment losses amounted to SEK 34 million (34).

Future payments for this type of facility are broken down as follows:

	Financial leasing	Operating leasing
2009	-	107
2010	-	95
2011	-	91
2012	-	87
2013	-	86
2014 and beyond	-	78
Less: Financial income	-	-9
Total	-	535