Page 108 - EVRY Annual Report 2012

Annual Accounts Group 108
Leasing contracts
Group as lessee – financial leasing
The group has entered into two financial leasing contracts for software. Software that is an integrated part of IT
equipment is classified as part of fixed assets in the statement of financial position.
Assets leased under financial leasing contracts are as follows:
NOK million 2012 2011 2010
IT equipment 152.3 152.3 152.3
Premises 84.9 84.9 84.9
Machinery, equipment 6.6 6.6 6.6
Disposals in the year - - -
Pre paid software lease 16.6 16.6 22.4
Accumulated depreciation -155.2 -140.7 -120.2
Net book value 105.2 119.7 146.0
Future minimum lease payments:
2012
Up to 1 year 41.2
1 to 5 years 16.8
After 5 years 21.3
Total future minimum lease payments 79.3
Interest -13.4
Present value of future minimum lease payments 65.9
Of which:
- current liabilities 34.4
- non current liabilities 31.5
These leasing contracts do not impose any restrictions on the company’s dividend policy or financing
arrangements.
Group as lessee – operational leasing
The group has entered into a number of operational leasing contracts for IT equipment, office premises and other
facilities. The majority of these leasing contracts include options to extend. No restrictions are imposed on the
company’s dividend policy or financing arrangements due to these leasing contracts.
Leasing costs are made up as follows:
NOK million 2012 2011 2010
Office premises 370.2 380.6 359.7
IT equipment, vehicles and other 464.2 462.5 372.8
Net capacity 343.0 342.7 229.9
Total leasing costs 1 177.4 1 185.8 962.3
The minimum future lease payments in respect of contracts with no cancellation option fall due as follows:
NOK million 2012
Up to 1 year 648.7
1 to 5 years 1 649.8
After 5 years 630.4
Total future minimum lease payments 2 928.8
Note 20