Axactor Annual Report 2016

Note 9 Commitments and leases The group leases premises and vehicles under non-cancellable lease agreements. The lease terms are between 1-10 years, and the majority of lease agreements are renewable after the end of the lease period. Leasing contracts are classified as either operational lease or financial lease. Operational lease The future aggregated minimum lease payments under non-cancellable operating leases are as follows: SEK thousand Land Buildings & plants Fixtures Vehicles Machines & office equipment Total 2016 0 12,538 420 3,230 1,260 17,449 2017 0 13,645 - 5,373 2,181 21,199 2018 0 12,562 - 2,340 1,102 16,004 2019 0 9,330 - 1,428 489 11,247 2020 0 6,339 - 885 125 7,349 2021 and after 0 4,519 - 294 77 4,889 Financial lease The future aggregated minimum lease payments under non-cancellable financial leases are as follows: SEK thousand Land Buildings & plants Fixtures Vehicles Machines & office equipment Total 2016 0 - 420 89 178 688 2017 0 - 345 75 713 1,134 2018 0 - 345 75 578 998 2019 0 - 151 19 388 558 2020 0 - - - 162 162 2021 and after 0 - - - - - Financial lease included in tangible assets, ref Note 14: SEK thousand Land Buildings & plants Fixtures Vehicles Machines & office equipment Total Net book value of assets on Financial leases 0 - 1,326 334 1,868 3,528 Axactor AB | Annual report 2016 44