Page 42 - Kitron Annual Report 2011

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Notes to the consolidated financial statements
42
Kitron annual report 2011
Operating leases, non-current assets
(Amounts in NOK 1 000)
2011
2010
Machinery and equipment
Rent
2 169
6 196
Remaining lease
1-5 years
1-5 years
Buildings and land
Rent
28 323
22 730
Remaining lease
1-5 years
1-5 years
Buildings and land includes premises in Norway, Sweden, Germany, China and US.
Specification of estimated lease payments falling due within:
(Amounts in NOK 1 000)
2011
2010
Nominal rent
1 year
29 116
24 851
2-5 years
58 811
64 132
> 5years
2 376
With some leases for machinery and equipment, the company has a limited right to buy the leased object at the
termination of the lease period. The buy-out price is the normal market price for the relevant leased object.
Note 27 Commitments