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Note 48 – Leases

Commitments concerning leases

The Parent Company rents essentially all commercial premises under non-cancellable leases. The lease terms vary between 3 and 5 years and most leases can be extended at the end of the lease term for a fee corresponding to a market fee.

The income statement for the 2020 financial year includes lease expenses amounting to kSEK 10,238 (kSEK 7,971) pertaining to machinery, passenger cars and rental premises.

Future total minimum lease payments for non-cancellable leases are as follows:

Within 1 year9,7847,593
Between 1 and 5 years5,58512,331
More than 5 years00