Note 9 - Intangible and tangible fixed assests

Vessels 1) Group Parent Company
SEK 000s 2009 2008 2009 2008
Costs        
Cost, Jan 1 2,605,485 2,377,919  —
Acquisitions for the year (incl. improvement costs) 75,177 71,313  —
Sales/scrapping  –41,876 –56,846  —
Translation difference for the year –33,009 213,099  —
Accumulated costs, Dec. 31 2,605,777 2,605,485
         
Accumulated depreciation according to plan        
Depreciation, Jan. 1 –618,544  –482,694  —
Sales/scrapping  41,867 55,168  —
Translation difference for the year 729 –37,841  —
Depreciation according to plan for the year –159,187 –153,177
Accumulated depreciation according to plan, Dec. 31 –735,135  –618,544
         
Impairment         
Impairment, Jan. 1 –25,000  —
Translation difference for the year 4,765 –3,039  —
Impairment for the year –61,200 –21,961  —
Accumulated impairment, Dec. 31 –81,435 –25,000
         
Residual value according to plan, Dec. 31 1,789,207 1,961,941

 

The average remaining useful life of the vessels is 13 years (14). In the current market situation, vessel values are more difficult to assess than usual. Valuation of the Group’s vessels was conducted using external valuations and impairment testing. Based on these various valuations, the hidden surplus value of the entire fleet of vessels was estimated at SEK 516 M (675).

1) The item "Vessels" includes leasing items held by the Group according to financial leasing agreements involving the following amounts:

  Group Parent Company
Vessels, financial leasing, SEK 000s 2009 2008 2009 2008
Costs        
Cost, Jan. 1 619,402 531,954  —
Acquisitions for the year (including improvement expenses) 9,923 4,874
Translation difference for the year –31,493 82,574  —
Accumulated cost, Dec. 31 597,832 619,402
         
Accumulated depreciation according to plan        
Depreciation, Jan. 1 –116,789  –75,003  —
Translation difference for the year 6,937 –15,153  —
Depreciation according to plan for the year –32,395 –26,633
Accumulated depreciation according to plan, Dec. 31 –142,247  –116,789  —
         
Residual value according to plan, Dec. 31 455,585 502,613  —
         

See also Note 30

   

  Group Parent Company
Buildings and land, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 26,623 20,564 24,942 18,682
Acquisitions for the year (incl. improvement costs) 21,149 6,260 21,149 6,260
Translation difference for the year 6 –201
Accumulated costs, Dec. 31 47,778 26,623 46,091 24,942
         
Accumulated depreciation according to plan        
Depreciation, Jan. 1 –7,996  –7,593  –7,561  –7,142
Translation difference for the year –18 57
Depreciation according to plan for the year –449  –460 –419  –419
Accumulated depreciation according to plan, Dec. 31  –8,463  –7,996  –7,980  –7,561
         
Residual value according to plan, Dec. 31  39,315 18,627 38,111 17,381
 – of which, land value 5,855 5,855 5,760 5,760
         
Taxation values for properties in Sweden        
 – buildings 7,325 7,325 6,983 6,983
 – land 1,632 1,632 1,216 1,216
Total 8,957 8,957 8,199 8,199
Carrying amount for properties in Sweden 38,394 17,671 38,111 17,381

  Group Parent Company
Equipment, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 103,755 97,195 17,276 13,985
Acquisitions for the year (incl. improvement costs) 13,306 8,838 13,273 4,095
         
Sales/scrapping –1,631 –1,963 –447 –804
Translation difference for the year 619 –315
Accumulated costs, Dec. 31 116,049 103,755 30,102 17,276
         
Accumulated depreciation according to plan        
Depreciation, Jan. 1 –56,126  –46,954 –10,443  –9,010
         
Sales/scrapping 418 564 382 380
Translation difference for the year –461 238
Depreciation according to plan for the year  –11,799 –9,974 –4,933  –1,813
Accumulated depreciation according to plan, Dec. 31 –67,968  –56,126  –14,994  –10,443
         
Residual value according to plan, Dec. 31 2) 48,081 47,629 15,108 6,833

2) The item "Equipment" includes leasing objects held by the Group in accordance with financial leasing contracts in the following amounts:

  Group Parent Company
Equipment, financial leasing, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 64,920 62,321  —  —
Acquisitions for the year (incl. improvement costs)  — 2,599  —  —
Accumulated cost, Dec. 31 64,920 64,920  —  —
         
Accumulated depreciation according to plan        
Depreciation, Jan. 1  –32,045  –26,180  —  —
Depreciation according to plan for the year  –5,432  –5,865  —  —
Accumulated depreciation according to plan, Dec. 31  –37,477  –32,045  —  —
         
Residual value according to plan, Dec. 31 27,443 32,875  —  —
See also Note 30 Commitments    
         
  Group Parent Company
Construction in progress and advances for tangible fixed assets, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 209,270 151,554 864 2,590
Acquisitions for the year (incl. improvement costs) 213,088 57,716 4,724 –1,726
Translation difference for the year –16,536  —
Accumulated costs, Dec. 31 405,822 209,270 5,588 864
         
Residual value according to plan, Dec. 31 405,822 209,270 5,588 864
         
  Group Parent Company
Goodwill, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 2,348 2,488 8,278 8,278
Translation difference for the year  –140
Accumulated cost, Dec. 31 2,348 2,348 8,278 8,278
         
Accumulated impairment        
Impairment, Jan. 1  — –8,278  –8,278
Accumulated impairment, Dec. 31  —  —  –8,278  –8,278
         
Carrying amount, Dec. 31 2,348 2,348
 
 
         
  Group Parent Company
Brands, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 7,015 7,015  —
Residual value according to plan, Dec. 31 7,015 7,015  —  —
         
         
  Group Parent Company
Other intangible assets, SEK 000s 2009 2008 2009 2008
Costs        
Costs, Jan. 1 9,070 6,825 101,582 99,152
Acquisitions for the year 46 2,430 46 2,430
Translation difference for the year  –2 –185
Accumulated cost, Dec. 31 9,114 9,070 101,628 101,582
         
Accumulated depreciation according to plan        
Depreciation, Jan. 1  –3,762  –2,004  –55,510  –39,857
Depreciation according to plan for the year  –2,318 –1,758  –16,212 –15,653
Accumulated depreciation according to plan, Dec. 31  –6,080  –3,762  –71,722  –55,510
Residual value according to plan, Dec. 31 3,034 5,308 29,906 46,072
         
Group: In addition to capitalized computer software, value comprises traffic systems developed within the Industrial Shipping business area held by the subsidiary TransAtlantic European Services AB and was added to the Group through the acquisition of the remaining 26% of shares in 2004.
Parent Company: In addition to capitalized computer software, the amount comprises the right to acquire three vessels conducting services for SCA at the end of the lease period. This right was added to the Group in connection with the merger with Gorthon Lines in 2005.