Right-of-use assets

x 1 million

Land and buildings

Lease vehicles

Total

Right-of-use assets as at 1 January 2020

63

39

102

Investments

1

9

10

Contract modifications

2

-

2

Disposals

-2

-2

-4

Right-of-use assets as at 31 December 2020

64

46

110

Investments

-

8

8

Contract modifications

1

-

1

Right-of-use assets as at 31 December 2020

65

54

119

Accumulated depreciation as at 1 January 2020

7

9

16

Annual depreciation and impairment

7

10

17

Disposals

-2

-2

-4

Accumulated depreciation as at 31 December 2020

12

17

29

Annual depreciation and impairment

7

10

17

Accumulated depreciation as at 31 December 2020

19

27

46

Net book value as at 31 December 2019

52

29

81

Net book value as at 31 December 2020

46

27

73

Stedin Group has entered into leases for a number of business premises and sites. In addition, Stedin Group leases a vehicle fleet. In 2021, Stedin Group concluded new leases for the vehicle fleet in particular.

The lease liabilities are disclosed in 26 Interest-bearing debt.

The table below presents the total lease expenses for 2021:

x 1 million

2021

2020

Depreciation charges for right-of-use assets

-17

-17

Interest expense on lease liabilities

-1

-1

Lease cost in profit & loss

-5

-5

Total

-23

-23