97
Note Leases
16
The consolidated balance sheet shows the following amounts
related to leases:
Right-of-use assets 2019
Land and buildings 592
Plant and machinery 78
Equipment 5
Vehicles 95
Residual value at December 31, 2019 770
Additions to the right-of-use assets during the year were
SEK 101 million.
Lease liabilities 2019
Non-current 675
Current 110
Total lease liabilities 785
The consolidated income statement shows the following
amounts related to leases:
Depreciations of right-of-use assets 2019
Land and buildings 64
Plant and machinery 12
Equipment 1
Vehicles 28
Total depreciation 105
Expense related to short-term leases
(included in Other external expenses) 16
Expense related to leases of low-value
assets (included in Other external expenses) 5
Interest expense (included in Result
from financial items) 35
Tax income (included in Income tax) 4
The total cash lease payments for the year amounted to
SEK 143 million.
The table below describes the differences between the
Group’s operating lease agreements recognized according to
IAS17 and recognition under IFRS16:
Operating lease commitments at
December 31, 2018 652
Less: Effect of discounted commitment
(with the incremental borrowing rate at the
date of initial application) -150
Less: Short-term leases not recognized
as a liability -16
Less: Low-value leases not recognized as
a liability -5
Add: Adjustments for extension and
termination options 260
Lease liability recognized at January 1, 2019 741
Operating leases for 2018 according to IAS17
Future minimum leasing fees under non-cancellable operating
lease agreements are distributed as follows:
Within 1 year 110
Between 1 and 5 years 238
More then 5 years 304
Total 652
Operating lease expenses of SEK 102 million are recognized
in the consolidated income statement for 2018.
Note Shares in Group companies
17
Parent company’s direct holdings of shares in Group companies
Company name Registration number Domicile Number of shares Share of capital, %
2019
Book value
2018
Book value
AAK Denmark Holding A/S 45954919 Aarhus, Denmark 400,000,000 100 1,468 1,468
AAK Miyoshi Japan Co.Ltd 0118-01-031265 Tokyo, Japan 70,000,000 70 5 5
AarhusKarlshamn Finance AB 556880-4339 Malmö, Sweden 100,000 100 472 472
AarhusKarshamn Holding AB 556759-7918 Malmö, Sweden 100 100 481 481
AarhusKarlshamn Invest AB 556747-6931 Malmö, Sweden 1,000 100 3,362 0
Advanced Lipids AB 556728-5837 Karlshamn, Sweden 100 50 0 0
Total 5,788 2,426