CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

Severance payThere is a mutual period of notice between the company and the CEO of 24 months and 6 months. In the eventof termination by the company, paid notice of a maximum of 24 months applies. In the event of termination by the CEO,the corresponding condition is six months’ salary. The severance pay is set off against other income from newemployment during the period of notice.There is a mutual period of notice between the company and other senior executives of a maximum of24 months and 6 months, respectively. In connection with termination by the company, paid notice of a maximum of24 months applies. In the event of termination by the senior executive, no severance pay is paid. Severance pay is set offagainst other income from new employment during the period of notice.NOTE 10. DEPRECIATIONAllocation of depreciation2010 2009Buildings and land installations.................................................................................................. 67 68Plant and machinery ................................................................................................................... 689 680Capitalized turnaround costs....................................................................................................... 141 145Equipment, tools, fixtures and fittings........................................................................................ 88 91986 984Allocation by function2010 2009Cost of goods sold ...................................................................................................................... 895 888Selling expenses.......................................................................................................................... 86 91Administrative expenses............................................................................................................. 5 5986 984NOTE 11. LEASINGLeasing charges in respect of operational leasing2010 2009Minimum lease charges .............................................................................................................. 84 83Variable charges ......................................................................................................................... 29 27Total leasing expenses ................................................................................................................ 113 109Agreed future minimum lease charges2010 2009Within one year........................................................................................................................... 86 92Between one and five years ........................................................................................................ 357 376Longer than five years ................................................................................................................ 61 64Leasing income in respect of operational leasing2010 2009Minimum lease charges .............................................................................................................. 71 48Variable charges ......................................................................................................................... 19 43Total leasing income................................................................................................................... 91 91Agreed future minimum lease charges2010 2009Within one year........................................................................................................................... 72 48Between one and five years ........................................................................................................ 369 242Longer than five years ................................................................................................................ - 49F-26