P11 Leases

Operating leases with Sandvik as lessee according to RFR 2

 

2019

2020

Within one year

135

117

Between one and five years

374

279

Later than five years

223

191

Net carrying amount

732

587

Leasing fees for assets under operating leases, such as leased premises, machinery and office equipments are recognized within operating expenses. In 2020, the Parent Company expensed SEK 159 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.