Saab 2013 Annual Report Download - page 95

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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 2013 2012
Acquisition value
Opening balance, 1 January 942 2,336
Sales -323 -1,342
Translation differences -1 -52
Closing balance, 31 December 618 942
Depreciation
Opening balance, 1 January -543 -1,373
Sales 195 841
Depreciation for the year -25 -53
Translation differences - 42
Closing balance, 31 December -373 -543
Impairments
Opening balance, 1 January -97 -195
Sales and revaluations 49 97
Translation differences - 1
Closing balance, 31 December -48 -97
Total 197 302
Other lease assets
Opening balance, 1 January 2 3
Acquisitions - 1
Depreciation for the year - -2
Translation differences -2 -
Closing balance, 31 December - 2
Carrying amount, 31 December 197 304
Leasing fees for aircraft obtained/leased via operating leases
MSEK
Payments
to lessors
Payments
from
air lines1)
Payments
from
air lines2)
Outcome
2012 248 72 20
2013 235 79 16
Contracted
2014 94 38 15
2015 - - 15
2016 - - 15
2017 - - 15
2018 - - 5
2019 and forward - - -
Total contracted 94 38 65
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.
e leasing eet is periodically valuated in terms of the present value of the
future payments it is expected to generate. e inow is represented by pro-
jected receipts from customers and the Export Credits Guarantee Board
() in Sweden. Disbursements consist of fees to the lessee and for technical,
legal and administrative activities directly related to management of the eet.
Insurance protection limits Saab’s risk. However, the internal distribution
between expected receipts from customers and those from  will be
aected in each instance by current projections.
Leasing fees for other assets obtained via operating leases1)
Other leasing fees refer to premises, computers and cars.
Group
MSEK
Premises
and
buildings
Machinery
and equip-
ment
Outcome
2012 232 146
2013 240 155
Contracted
2014 242 135
2015 222 98
2016 194 57
2017 161 31
2018 143 4
2019 and forward 524 4
Total contracted 1,486 329
FINANCIAL INFORMATION > NOTES
SAAB ANNUAL REPORT 2013 91