Saab 2011 Annual Report Download - page 107

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Equipment, tools and installations
Group Parent Company
MSEK 2011 2010 2011 2010
Acquisition value
Opening balance, 1 January 2,134 2,092 1,290 1,271
Acquired through business
acquisitions 12 - - -
Acquisitions from compa-
nies within the Group - - - 8
Investments 83 125 40 46
Reclassifications 4 -11 4 -11
Sales -132 -72 -63 -24
Translation differences -20 - - -
Closing balance,
31 December 2,081 2,134 1,271 1,290
Depreciation and impairments
Opening balance, 1 January -1,819 -1,784 -1,132 -1,115
Depreciation for the year -99 -114 -50 -48
Impairments for the year - -3 - -
Acquired through business
acquisitions -5 - - -
Acquisitions from compa-
nies within the Group - - - -7
Reclassifications - 14 -1 14
Sales 116 68 61 24
Translation differences 18 - - -
Closing balance,
31 December -1,789 -1,819 -1,122 -1,132
Carrying amount,
31 December 292 315 149 158
Acquired through business acquisitions largely relates to Sensis. Equipment
impairments amounted to   in  in connection with the restructur-
ing of the underwater operations in Dynamics.
Construction in progress
Group Parent Company
MSEK 2011 2010 2011 2010
Acquisition value
Opening balance,
1 January 68 68 52 49
Investments 86 25 79 15
Reclassifications -23 -25 -13 -12
Carrying amount,
31 December 131 68 118 52
Collateral
On  December  property with a carrying amount of   () was
pledged as collateral for bank loans.
NOTE 18
LEASE ASSETS AND LEASE AGREEMENTS
As the former manufacturer of the regional aircra Saab  and Saab ,
Saab has a great interest in ensuring that these aircra maintain high capacity
utilisation. Over  aircra have been delivered and  are included in Saab’s
leasing eet, of which  aircra are owned by Saab. Leasing operations are
carried out in the global market. Operating lease terms conform to customary
terms in the international aircra leasing market, which may entail the right to
early termination, purchases and extensions, as well as security, geographical
and tax-related limitations on the allocation of the aircra in question. No air-
cra are held via nance leases, nor is Saab the lessor in any nance leases. e
operations are carried out in .
Owned aircra are depreciated on a straight-line basis over – years.
e leasing eet is expected to be divested around .
Leasing aircraft obtained for leasing purposes
MSEK 2011 2010
Acquisition value
Opening balance, 1 January 3,792 4,224
Sales -1,514 -158
Reclassifications - -145
Translation differences 58 -129
Closing balance, 31 December 2,336 3,792
Depreciation
Opening balance, 1 January -2,238 -2,337
Sales 991 93
Reclassifications - 89
Depreciation for the year -114 -146
Translation differences -12 63
Closing balance, 31 December -1,373 -2,238
Impairments
Opening balance, 1 January -404 -427
Sales and revaluations 208 22
Translation differences 1 1
Closing balance, 31 December -195 -404
Total 768 1,150
Other lease assets
Opening balance, 1 January 4 4
Acquisitions 1 2
Depreciation for the year -1 -2
Translation differences -1 -
Closing balance, 31 December 3 4
Carrying amount, 31 December 771 1,154
NOTE 17, CONT.
FINANCIAL INFORMATION > NOTES
SAAB ANNUAL REPORT 2011 103