G13 Property, plant and equipment
|
Land and buildings |
Plant and machinery |
Rental fleet |
Equipment, tools, fixtures and fittings |
Construction in progress |
Total |
|---|---|---|---|---|---|---|
Acquisition cost |
|
|
|
|
|
|
At January 1, 2024 |
14,344 |
31,206 |
2,619 |
6,350 |
3,069 |
57,590 |
Additions |
156 |
853 |
1,407 |
353 |
2,203 |
4,972 |
Business combinations |
85 |
887 |
– |
37 |
139 |
1,147 |
Divestments and disposals |
–199 |
–1,201 |
–584 |
–512 |
–124 |
–2,618 |
Reclassifications |
352 |
1,367 |
–310 |
350 |
–2,286 |
–526 |
Translation differences for the year |
551 |
1,181 |
82 |
197 |
107 |
2,117 |
At December 31, 2024 |
15,289 |
34,293 |
3,215 |
6,775 |
3,108 |
62,681 |
Accumulated depreciations and impairments |
||||||
At January 1, 2024 |
6,880 |
22,694 |
1,254 |
4,489 |
39 |
35,356 |
Divestments and disposals |
–99 |
–1,134 |
–433 |
–469 |
–39 |
–2,174 |
Impairment losses |
27 |
72 |
4 |
5 |
– |
108 |
Reversal of impairment losses |
– |
–34 |
– |
– |
– |
–34 |
Reclassifications |
13 |
–7 |
–124 |
5 |
– |
–113 |
Depreciation for the year |
491 |
1,807 |
767 |
532 |
– |
3,598 |
Translation differences for the year |
262 |
816 |
36 |
146 |
– |
1,261 |
At December 31, 2024 |
7,575 |
24,214 |
1,505 |
4,708 |
– |
38,002 |
Net carrying amount |
||||||
At December 31, 2024 |
7,715 |
10,079 |
1,710 |
2,067 |
3,108 |
24,678 |
|
|
|
|
|
|
|
Acquisition cost |
|
|
|
|
|
|
At January 1, 2025 |
15,289 |
34,293 |
3,215 |
6,775 |
3,108 |
62,681 |
Additions |
504 |
636 |
995 |
319 |
1,376 |
3,830 |
Business combinations |
1 |
12 |
– |
3 |
– |
16 |
Divestments and disposals |
–562 |
–858 |
–371 |
–342 |
–39 |
–2,172 |
Reclassifications |
369 |
1,220 |
–237 |
342 |
–1,937 |
–243 |
Translation differences for the year |
–1,216 |
–2,842 |
–372 |
–496 |
–187 |
–5,112 |
At December 31, 2025 |
14,385 |
32,462 |
3,230 |
6,600 |
2,321 |
58,999 |
Accumulated depreciations and impairments |
||||||
At January 1, 2025 |
7,575 |
24,214 |
1,505 |
4,708 |
– |
38,002 |
Divestments and disposals |
–461 |
–785 |
–268 |
–315 |
– |
–1,830 |
Impairment losses |
2 |
10 |
14 |
– |
– |
26 |
Reversal of impairment losses |
– |
–6 |
– |
– |
– |
–7 |
Reclassifications |
4 |
29 |
–93 |
55 |
– |
–5 |
Depreciation for the year |
494 |
1,757 |
695 |
541 |
– |
3,488 |
Translation differences for the year |
–584 |
–1,897 |
–192 |
–342 |
– |
–3,015 |
At December 31, 2025 |
7,029 |
23,322 |
1,661 |
4,648 |
– |
36,660 |
Net carrying amount |
||||||
At December 31, 2025 |
7,357 |
9,140 |
1,569 |
1,953 |
2,321 |
22,339 |
Additional information
In 2025, contractual commitments for the acquisition of property, plant and equipment amounted to SEK 395 million (460). Property, plant and equipment pledged as security for liabilities is described in G26.
§ Accounting principles
Rental fleet
The fleet is balanced between underground drills, loaders and trucks followed by surface drills. The largest fleets are based in northern Europe, Canada, the US, and Australia.
Depreciation of property, plant and equipment
Depreciation is recognized on a straight-line basis (unless otherwise described) based on the cost of the assets, adjusted by residual value when applicable, and estimated useful lives. The following depreciation periods are applied:
Land and buildings:
Land: indefinite useful life
Buildings: 10–50 years
Site improvements: 20 years
Plant and machinery:
Plant and machinery: 5–15 years
Rental fleet: 3 years
Equipment, tools, fixtures and fittings:
Depreciated over the estimated useful lives
Computer equipment is depreciated over 3–5 years using the reducing balance method
If an item of property, plant and equipment comprises components with different useful lives, each such significant component is depreciated separately. Depreciation methods and estimated residual values and useful lives are reviewed at each year-end.
Borrowing costs
The capitalization of borrowing costs relating to tangibles are mainly relevant for the construction of production buildings on a proprietary basis.
! Critical estimates and key judgments
Impairment of non-current assets
An impairment test is based on estimation of the recoverable amount of the asset, or the cash generating unit to which the asset belongs. To determine the recoverable amount, projections of future cash flows are used. These are based on management best estimate but may differ from actual outcome.
There are production sites in areas with physical climate risks, these may be subject to increased stress from physical weather events. Physical risks bring uncertainties when estimating useful life and indication of impairment.