- Annual report 2007/2008
-
Annual report 2008/2009
- 2008/2009 In brief
- President’s comments
- Hemtex share
- Presentation of operations
- Board of Directors’ report
- Income statements
- Balance sheets
- Changes in consolidated shareholders’ equity
- Changes in Parent Company shareholders’ equity
- Cash-flow statements
-
Notes
- Note 1 - Accounting principles
- Note 2 - Segment reporting
- Note 3 - Other operating income
- Note 4 - Employees and personnel costs
- Note 5 - Fees to auditors
- Note 6 - Depreciation/amortization of tangible and intangible fixed assets
- Note 7 - Exchange-rate differences that affected profits
- Note 8 - Net financial items
- Note 9 - Appropriations
- Note 10 - Taxes
- Note 11 - Earnings per share
- Note 12 - Intangible fixed assets
- Note 13 - Tangible fixed assets
- Note 14 - Financial fixed assets
- Note 15 - Deferred tax assets/deferred tax liabilities
- Note 16 - Prepaid expenses and accrued income
- Note 17 - Shareholders’ equity
- Note 18 - Untaxed reserves
- Note 19 - Liabilities to credit institutions
- Note 20 - Overdraft facilities
- Note 21 - Derivative held for hedging
- Note 22 - Accrued expenses and deferred income
- Note 23 - Pledged assets
- Note 24 - Contingent liabilities
- Note 25 - Leasing fees relating to operational leasing
- Note 26 - Adjustments for non-cash flow items
- Note 27 - Transactions not entailing payment
- Note 28 - Paid interest
- Note 29 - Acquisition of subsidiaries/operations
- Note 30 - Financial risks and risk policies
- Note 31 - Transactions with related parties
- Note 32 - Events after the closing date
- Note 33 - Important estimates and assessments
- Note 34 - Proposed dividend to shareholders
- Note 35 - Information about the Parent Company
- Note 36 - Definitions of key data
- Nine-year summary
- Proposed distribution of earnings
- Audit report
- Board of Directors
- Corporate Governance
- Management
- Hemtex stores
- Information about the AGM
- Annual reports archive
- Annual report 2009
- Annual Report 2010
- Annual Reports archive
Note 25 - Leasing fees relating to operational leasing
The Group and the Parent Company have signed leasing agreements relating to proprietary stores and offices with the following lease commitments. Hemtex AB releases a small number of leasing objects to a few franchise holders. These contracts do not amount to significant sums and therefore no information is provided about these. The information below does not include leasing contracts for which Hemtex AB only reinvoices paid rent. For the leasing contracts that are based on sales, only the contracted base rent is recognized. In addition, the Parent Company and the Group have leasing contracts for computer systems, equipment and company cars.
| Group | Parent Company | |||||
| 2006/07 | 2007/08 | 2008/09 | 2006/07 | 2007/08 | 2008/09 | |
| Leasing fees paid during the fiscal year | 122,328 | 160,357 | 182,571 | 85,892 | 111,394 | 116,450 |
| Group | Parent Company | |||||
| Equipment | Premises | Equipment | Premises | |||
| Contracted future leasing fees | ||||||
| 2009/10 | — | 136,224 | 647 | 92,444 | ||
| 2010/11 | — | 92,396 | 197 | 59,207 | ||
| 2011/12 | — | 49,753 | — | 31,473 | ||
| 2012/13 | — | 33,205 | — | 21,593 | ||
| 2013/14 and later | — | 28,182 | — | 14,613 | ||
Variable fees in the form of turnover rent are not included in the fees recognized above.
The agreements can be terminated with a notice period of six to 12 months prior to the end of the agreement.
There is generally not possibility to renegotiate during the agreement duration.
There is no option for acquiring the objects.