Note 37 - Obligations
Operational leasing agreements
Duni rents a number of offices and warehouses as well as passenger cars, primarily for the sales organization. In addition, certain machinery is leased in the production operations. "Agreements" means non-terminable operational leasing agreements. Leasing agreements have varying terms, index clauses and rights of extension. The terms are market terms as regards prices and length of the agreements.
The nominal value of future minimum leasing charges, with respect to non-terminable leasing agreements, is broken down as follows:
| Group | Parent Company | |||
| SEK m | 2011 | 2010 | 2011 | 2010 |
| Payable within one year | 54 | 60 | 8 | 12 |
| Payable later than one but within five years | 82 | 111 | 3 | 8 |
| Payable later than five years | 11 | 28 | - | - |
| Total | 147 | 199 | 12 | 20 |
| Of which leasing agreements signed during the year | 25 | 31 | 4 | 7 |
Total expenses relating to operational leasing agreements during the year amount to SEK 93 m (2010: SEK 83 m) in the Group and SEK 14 m (2010: SEK 20 m) in the Parent Company.
Financial leasing agreements
The nominal value of future minimum leasing charges, with respect to non-terminable leasing agreements, is broken down as follows:
| Group | Parent Company | |||
| SEK m | 2011 | 2010 | 2011 | 2010 |
| Payable within one year | 0 | 0 | - | - |
| Payable later than one but within five years | 1 | 1 | - | - |
| Total | 1 | 1 | 0 | 0 |
| Present value of future leasing charges | 0 | 0 | 0 | 0 |
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