PC1. Operating profit

Operating loss by type of cost

SEKm

 

2017

2016

Other operating income

 

367

Other external costs

 

–597

0

Personnel and Board costs

 

–334

Amortization of capitalized development costs

PC4

0

Depreciation of tangible fixed assets

PC5

–2

IS Total

 

–566

0

The item “Other external costs” includes consultancy fees, travel expenses, leasing expenses, management costs, and so forth. The company was dormant for much of 2016.

Auditing expenses

Remuneration to auditors can be specified as follows:

SEKm

2017

2016

EY

 

 

Audit assignments

–12

Auditing activities other than the audit assignment

–1

Tax consultancy services

Other assignments

Total

–13

Auditing expenses in 2016 were charged to Svenska Cellulosa Aktiebolaget SCA.

Leasing

AP Accounting principles

The company recognizes all leases as operating leases.

Future payment commitments for non-cancellable operating leases are as follows:

SEKm

2017

2016

Within 1 year

24

24

Between 2 and 5 years

29

50

Later than 5 years

Total

53

74

Cost for the period for leasing of assets amounted to SEK –25m (–). Leased assets comprise means of transportation, office premises and technical equipment. On December 31, 2016, the company assumed all of Svenska Cellulosa Aktiebolaget SCA’s outstanding leasing contracts.