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NOTE 29
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OPERATING AND FINANCE LEASES
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The Group as lessor, operating leases
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The Group leases fixtures and equipment under operating leases. Essentially, equipment is rented out to Elopak's customers who use them in their own production.
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Specification of income from operating leases
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2012
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2011
|
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Total variable leases recognised as income
|
90 229
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|
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Minimum leases (including fixed leases) recognised as income
|
66 600
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Total variable leases recognised as income
|
90 229
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66 600
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At the balance sheet date, the Group has contracted the following future minimum leases:
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2012
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2011
|
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Totally due next year
|
70 128
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61 839
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Totally due in 2-5 years
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175 879
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121 333
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Totally due after 5 years
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28 075
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26 276
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Total
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274 082
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209 448
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The amounts have not been discounted.
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The Group as lessor, finance leases
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Specification of income from finance leases
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2012
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2011
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Total variable leases recognised as income
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Finance income from agreements on finance leasing
|
1 476
|
384
|
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Total income fra finance leases
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1 476
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384
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Gross investment compared to the present value of outstanding minimum leases:
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2012
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2011
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Gross receivables from leasing agreements
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17 714
|
8 331
|
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Finance income not yet earned
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- 2 969
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- 1 145
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Net investment from finance leases (present value)
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14 745
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7 186
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The Group as lessee, operating leases
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Specification of expenses from operating leases
|
2012
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2011
|
|
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Total variable leases recognised as expenses
|
184 846
|
98 676
|
|
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Minimum leases (including fixed leases) recognised as expense
|
47 979
|
58 657
|
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Subleases recognised as cost reductions
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- 899
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Total leasing costs
|
231 926
|
157 333
|
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Due for payment
|
2012
|
2011
|
|
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Total costs next year
|
238 682
|
162 697
|
|
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Total costs 2-5 years
|
736 636
|
508 175
|
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Total costs after 5 years
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478 246
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340 168
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Total
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1 453 564
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1 011 039
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The amounts have not been discounted.
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Distribution of the same leasing obligation on leasing objects
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2012
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2011
|
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Buildings and land
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751 031
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916 448
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Machines and plants
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16 839
|
|
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Fixtures, vehicles and equipment
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685 694
|
94 591
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Total leasing obligations related to operating lease commitments
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1 453 564
|
1 011 039
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The Group as lessee, finance leasing
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Specification of leasing costs
|
2012
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2011
|
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Total variable leases recognised as expenses
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7 263
|
|
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Total leasing costs
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7 263
|
|
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Future minimum leases and corresponding present values, by due dates:
|
Minimum lease
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Calculated interest
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Present value
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Total due in one year
|
9 399
|
7 504
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1 895
|
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Total due in year 2-5
|
7 876
|
7 580
|
296
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total due after 5 years
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Total leasing obligations related to finance leasing
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15 084
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2 191
|
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Net carrying value of leased assets, by asset class
|
2012
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2011
|
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Buildings and property
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Machines and plants
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3 362
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Fixtures, vehicles and equipment
|
19 470
|
1 497
|
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Total carrying value of leased assets
|
22 832
|
1 497
|
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The fixed assets are also included in note 9.
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