Saab 2014 Annual Report Download - page 103

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FINANCIAL INFORMATION – NOTES
NOTE 18 LEASE ASSETS AND LEASE AGREEMENTS
Some of the over 500 Saab 340 and Saab 2000 regional aircraft that have been
delivered have been part of Saab’s leasing portfolio, which has consisted of owned
aircraft as well as aircraft obtained through operating leases. In 2014 the owned
share of the portfolio was divested and on 31 December 2014 comprised 0 (14)
aircraft. The leases on the 6 (35) leased aircraft still remaining at year-end expired in
January 2015. As a result, Saab has terminated its regional aircraft leasing opera-
tions. A provision has been allocated in an amount corresponding to the anticipa-
ted outflow for the remaining obligations.
Leasing aircraft obtained for leasing purposes
MSEK 2014 2013
Acquisition value
Opening balance, 1 January 618 942
Divestments -653 -323
Translation differences 35 -1
Closing balance, 31 December - 618
Depreciation
Opening balance, 1 January -373 -543
Divestments 403 195
Depreciation for the year -8 -25
Translation differences -22 -
Closing balance, 31 December - -373
Write-downs
Opening balance, 1 January -48 -97
Divestments and revaluations 48 49
Closing balance, 31 December - -48
Total - 197
Other lease assets
Opening balance, 1 January - 2
Translation differences - -2
Closing balance, 31 December - -
Carrying amount, 31 December - 197
Leasing fees for aircraft obtained/leased
via operating leases
MSEK
Payments
to lessors
Payments
from air lines1)
Payments
from air lines2)
Outcome
2013 235 79 16
2014 99 36 4
1) Receipts from airlines for aircraft held via operating leases and leased out via operating leases.
2) Receipts from airlines for owned aircraft leased out via operating leases.
There are no future contracted leasing fees for aircraft obtained/leased via
operating leases.
Leasing fees for other assets obtained via operating leases1)
Other leasing fees refer to premises, computers and cars. Saab has an option to
purchase one of the Group’s facilities.
Group
MSEK
Premises and
buildings
Machinery and
equipment
Outcome
2013 240 155
2014 298 149
Contracted
2015 321 128
2016 249 85
2017 206 44
2018 176 8
2019 162 4
2020 and forward 154 4
Total contracted 1,268 273
Parent Company
MSEK
Premises and
buildings
Machinery and
equipment
Outcome
2013 173 126
2014 197 113
Contracted
2015 221 103
2016 197 70
2017 170 36
2018 156 2
2019 147 -
2020 and forward 136 -
Total contracted 1,027 211
1) The Group has a finance lease on a building; see note 17.
SAAB ANNUAL REPORT 2014 – 99