51
Real Estate - Effect on profit/loss for the period The Group Rental income Direct costs for real estate that generated rental income during the period (operational and maintenance costs, property tax and ground rent)
The Group Tax assessment value, buildings (in Sweden) Tax assessment value, land (in Sweden)
2010-12-31
2009-12-31
107 997
111 406
Future leasing income that relates to non-revocable operational leasing contracts falls due for payment as below: 2010-12-31
2009-12-31
23 955 19 884
45 089 50 592
43 839
95 681
The Group Within one year Between one and five years -26 843
-26 216
2010-12-31
2009-12-31
591 372 160 409
507 700 132 925
The greater part of leasing income is USD-based. Translation has been done at the accounting year-end exchange rate of USD 1 = SEK 6.8025 (previous year: USD 1 = SEK 7.2125).
Note 21 Aircraft inventories Borrowing expenses No capitalised interest has been included in the acquisition values. Leasing Properties leased under operational leasing contracts are included with the following amounts: The Group Acquisition values Accumulated depreciation at beginning of year Depreciation for the year
2010-12-31
2009-12-31
1 160 855 -113 726 -9 492
1 079 215 -103 431 -9 853
1 037 637
965 931
2010-12-31
2009-12-31
14 797 76 926 25 774
17 279 57 723 26 571
117 497
101 573
Note 20 Aircraft
Accumulated depreciation according to plan At beginning of year Disposed subsidiaries Sales/disposals Depreciation according to plan for the year Exchange rate differences for the year
Reported value at end of period
2010-12-31
2009-12-31
443 847 20 261 -44 923 -1 230 -1 001
439 212 9 873 – -4 119 -1 119
416 954
443 847
-206 010 24 082 1 099 -31 711 641
-177 990 – 2 967 -31 596 609
-211 899
-206 010
205 055
1 174
1 174
-936 -168
-768 -168
-1 104
-936
70
238
2010-12-31
2009-12-31
30 945 1 913 720 -4 241 -17 535 -741
25 237 6 233 – -38 – -487
11 061
30 945
-13 505 -679 1 456 9 704
-10 029 – – –
-3 331 365
-3 722 246
-5 990
-13 505
Reported value at end of period
5 071
17 440
The Parent company Accumulated acquisition values At beginning of year New acquisitions Sales/disposals
5 413 585 -426
5 115 298 –
5 572
5 413
-2 307 426
-1 973 –
Accumulated depreciation according to plan At beginning of year Depreciation according to plan for the year based on acquisition values
Reported value at end of period
Note 22 Equipment, tools and installations
Counterparty risks in rental incomes According to the contract portfolio at year-end, rental income was divided between 95% commercial properties and 5% residential. The commercial rental income was divided between 171 contracts in a number of different sectors. With the aim of limiting exposure to credit losses, regular follow-ups are made of tenants’ credit ratings. No sector or tenant accounts for more than 10% of the rental income.
The Group Accumulated acquisition values At beginning of year New acquisitions Disposed subsidiaries Sales/disposals Exchange rate differences for the year
2009-12-31
The Group Accumulated acquisition values At beginning and end of year
The contract portfolio for commercial premises within the Volito Group as of 31 December 2010 expires according to the table below. Stated amounts refer to contracted closing rents in the portfolio.
The Group Within one year Between one and five years Later than five years
2010-12-31
The Group Accumulated acquisition values At beginning of year New acquisitions Acquisition of subsidiaries Sales/disposals Disposed subsidiaries Exchange rate differences for the year
Accumulated depreciation according to plan At beginning of year Acquisition of subsidiaries Sales/disposals Disposed subsidiaries Depreciation according to plan for the year based on acquisition values Exchange rate differences for the year
Accumulated depreciation according to plan At beginning of year Sales/disposals Depreciation according to plan for the year based on acquisition values
237 837 Reported value at end of period
Leasing Aircraft that are leased under operational leasing contracts are included with the following amounts:
The Group The period’s leasing income amounts to:
-334 -2 307
3 336
3 106
Borrowing expenses No capitalised interest has been included in the acquisition values.
2010-12-31
2009-12-31
416 954 -183 633 -28 266
398 463 -156 345 -27 288
205 055
214 830
2010-12-31
2009-12-31
34 696
52 249
Leasing Equipment, tools and installations obtained through financial and operational leasing agreements amount to insignificant amounts.
A N N UA L R EP O R T
The Group Acquisition values Accumulated depreciation at beginning of year Depreciation for the year
-355 -2 236