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Parent Company
MSEK
Premises
and
buildings
Machinery
and equip-
ment
Outcome
2012 170 114
2013 173 126
Contracted
2014 185 113
2015 174 83
2016 161 51
2017 145 26
2018 133 -
2019 and forward 517 -
Total contracted 1,315 273
1) The Group has a finance lease on a building; see Note 17.
NOTE 19 Biological Assets
Group
MSEK 2013 2012
Living forest
Carrying amount, 1 January 306 305
Change in fair value 4 10
Less fair value logging -14 -9
Carrying amount, 31 December 296 306
Of which fixed assets 296 306
On  December , biological assets consisted of approximately
,m³ of spruce, , m³ of pine and , m³ of hardwood. Forest
growth is estimated at , m³ timber per year. During the year, approxi-
mately , m³ of timber was felled, which had a fair value in the Group,
aer deducting selling expenses, of   on the felling date.
e valuation of forests has been done with the help of independent
appraisers. e forestry property has been valued according to the market
comparison method. In the valuation according to the market comparison
method, the environmental impact on the ring range has not been taken
into account. An adjustment for the environmental impact has therefore been
made by reducing fair value by an amount corresponding to the market value
of the size of the ring range (, hectares) less the value of the timber.
NOTE 20 Investment Properties
Information on fair value of investment properties in the Group
In the Group, investment properties are reported according to the fair value
method.
Group
MSEK 2013 2012
Carrying amount, 1 January 33 224
Divestment - -190
Revaluation -2 -1
Carrying amount, 31 December 31 33
Investment properties are recognised in the statement of nancial position
at fair value, while changes in the value of these properties are recognised in
the income statement; see also Note .
Investment properties comprise a number of rental properties leased to
outside tenants. Leases on oces and production space are normally signed
for an initial period of – years. Prior to expiration, renegotiations are held
with the tenant on the rent level and other terms of the agreement, provided
the lease has not been terminated.
Fair values have been determined by analysing rental income and expenses
for each property, thereby producing a net rental income gure. Net rental
income has then served as the basis for a valuation of fair value with a yield of
 per cent. e yield requirements correspond to the risk in net rental income.
Fair value is not based on the valuation of an independent appraiser.
Group
MSEK 2013 2012
Effect on net income/net rental income
Rental income 4 4
Direct costs for investment properties that
generated rental income during the year -2 -2
Effect on net income /net rental income 2 2
Information on fair value of investment properties in the Parent Company
In the Parent Company, investment properties are recognised as buildings
according to the acquisition cost method. Investment properties in the Parent
Company are mainly leased out to other companies in the Group and are
therefore classied as operating properties in the Group.
Parent Company
MSEK 2013 2012
Fair value
Opening fair value, 1 January 164 165
Revaluation - -1
Closing fair value, 31 December 164 164
Parent Company
MSEK 2013 2012
Effect on net income/net rental income
Rental income 25 24
Direct costs for investment properties that
generated rental income during the year -8 -8
Effect on net income /net rental income 17 16
Information on carrying amount of investment properties in the
P arentCompany
Parent Company
MSEK 2013 2012
Accumulated acquisition value
Opening balance, 1 January 128 127
Acquisitions - 1
Closing balance, 31 December 128 128
Accumulated depreciation according to plan
Opening balance, 1 January -94 -91
Depreciation according to plan for the year -4 -3
Closing balance, 31 December -98 -94
Accumulated revaluations
Opening balance, 1 January 66 66
Closing balance, 31 December 66 66
Carrying amount, 31 December 96 100
NOTE 18, CONT.
FINANCIAL INFORMATION > NOTES
92 SAAB ANNUAL REPORT 2013