PC1. Operating profit

(XLS:) Download

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:

(XLS:) Download

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:

(XLS:) Download

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.