Note 38 Leasing

Leasing expenses

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

	Financial leasing	Operating leasing
2009	-	25
2010	-	22
2011	-	19
Total	-	66

Leasing expenses for the year attributable to the Parent Company amounted to SEK 10 million (20).

Leasing revenues

Vattenfall AB owns and operates energy 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, the cost of assets reported under Operating leases amounted to SEK 672 million (810). Accumulated depreciation amounted to SEK 186 million (275) and accumulated impairment losses to SEK 34 million (34).

Future payments for this type of facility break down as follows:

	Financial leasing	Operating leasing
2009	-	5
2010	-	1
2011	-	1
2012	-	1
2013	-	1
2014 and beyond	-	5
Less: Financial income	-	-4
Total	-	10