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C3 Leases
 12 Months Ended
Dec. 31, 2023
Disclosure Of Leases [Abstract]  
C3 Leases
LOGO  
Leases
 
Leases with the Company as lessee
 
 
Right-of-use
assets
       
     2023             2022  
      Real estate       Vehicles        Other        Total              Real estate       Vehicles        Other        Total  
Cost
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Opening balance
      15,895        998        303        17,196     
 
 
 
      13,756        930        171        14,857  
Additions
      1,307        257        1        1,565     
 
 
 
      1,650        168        136        1,954  
Balances regarding acquired/divested business
      2        –        –        2     
 
 
 
      334        –        –        334  
Terminations
      –870        –489        –        –1,359     
 
 
 
      –719        –178        –        –897  
Translation differences
      –331        3        –4        –332     
 
 
 
      874        78        –4        948  
Closing balance
   
 
16,003
 
   
 
769
 
   
 
300
 
   
 
17,072
 
   
 
 
 
   
 
15,895
 
   
 
998
 
   
 
303
 
   
 
17,196
 
Accumulated depreciations
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Opening balance
      –7,789        –629        –138        –8,556     
 
 
 
      –5,687        –495        –79        –6,261  
Depreciations
      –2,146        –232        –49        –2,427     
 
 
 
      –2,141        –250        –60        –2,451  
Terminations
      546        373        –        919     
 
 
 
      393        159        –        552  
Translation differences
      209        –1        3        211     
 
 
 
      –354        –43        1        –396  
Closing balance
   
 
–9,180
 
   
 
–489
 
   
 
–184
 
   
 
–9,853
 
   
 
 
 
   
 
–7,789
 
   
 
–629
 
   
 
–138
 
   
 
–8,556
 
Accumulated impairment losses
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Opening balance
      –374        –        –        –374     
 
 
 
      –303        –        –        –303  
Impairment losses
      –93        –        –61        –154     
 
 
 
      –66        –        –        –66  
Terminations
      3        –        –        3     
 
 
 
      27        –        –        27  
Translation differences
      11        –        –        11     
 
 
 
      –32        –        –        –32  
Closing balance
   
 
–453
 
   
 
–
 
   
 
–61
 
   
 
–514
 
   
 
 
 
   
 
–374
 
   
 
–
 
   
 
–
 
   
 
–374
 
Financial sublease
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Opening balance
      –396        –        –        –396     
 
 
 
      –345        –        –        –345  
Derecognition for sublease
      –2        –        –        –2     
 
 
 
      –        –        –        –  
Translation differences
      13        –        –        13     
 
 
 
      –51        –        –        –51  
Closing balance
   
 
–385
 
   
 
–
 
   
 
–
 
   
 
–385
 
   
 
 
 
   
 
–396
 
   
 
–
 
   
 
–
 
   
 
–396
 
Net carrying value
   
 
5,985
 
   
 
280
 
   
 
55
 
   
 
6,320
 
   
 
 
 
   
 
7,336
 
   
 
369
 
   
 
165
 
   
 
7,870
 
Lease liabilities
The lease liabilities amounted to SEK 7,455 (9,304) million, of which SEK 2,235 (2,486) million is classified as current. The remaining contractual maturities as of December 31, 2023, is shown in note D4 “Contractual obligations.”
Lease cost
The total lease cost amounted to SEK 3,788 (3,775) million, of which depreciation was SEK 2,427 (2,451) million, impairment losses were SEK –154 (–66) million, lease expense relating to
low-value
assets was SEK 459 (516) million, interest expense was SEK 464 (464) million and variable lease expense was SEK 284 (278) million. Variable lease expense consists mainly of property tax.
 
Future cash outflow
Future cash outflows from leases not yet commenced in 2023 to which the Company is committed as the lessee is SEK 249 (71) million.
Leases with the Company as lessor
Lessor leases relate to subleases of real estate. These lease contracts vary in length from 1 to 9 years.
Receivables related to subleases in 2023 amounted to SEK 70 (62) million for operating leases and to SEK 75 (75) million for financial leases. Interest income from financial subleases was SEK 5 (8) million.
At December 31, 2023, future minimum payment receivables were distributed as follows:
 
 
Cash payments
 
Cash payments                
      2023      2022  
Repayments of the lease liabilities
1)
     –2,857        –2,593  
Interest expense of the lease liabilities      –464        –464  
Low-value
asset not included in the measurement of the liabilities		      –459        –516  
Variable lease payments not included in the measurement of the lease liabilities      -284        –278  
Total cash outflow
   
 
–4,064
 
   
 
–3,851
 
 
1)
Including advance payments.
Future minimum payment receivables                
      Financial leases      Operating leases  
2024
      78        48  
2025
      13        22  
2026
      –        19  
2027
      –        11  
2028 and later
      –        4  
Total
   
 
91
 
   
 
104