Annual Report 2018/19

Note 31 - Operational leases

Obligations in respect of operational leases

The Group rents office premises in accordance with non-retractable operational lease agreements. The terms of the leases vary between three and five years, and most contracts can be extended at the end of the term of the lease at a charge that corresponds with a competitive charge.

Leasing expenses in respect of operational lease agreements totalling KSEK 6,235 (8/31/2018: KSEK 12,210) are included in the income statement.

Future total minimum lease charges for non-retractable operational lease agreements are as follows:

Within 1 year6,1155,424
Between 1 and 5 years11,65016,824
More than 5 years5,1120