FINANCIAL INFORMATION
PENSIONS OPERATING SEGMENT REPORTING
Both defined benefit and defined contribution pension
plans are used in New Wave Group. The Group has defined
benefit pension plans that are managed by Alecta. This is
a plan which covers several employers, and, as Alecta does
not have sufficient information available for measurement,
the
Company’s
pension
obligation
with
Alecta
is accounted for as a defined contribution plan. The Group’s
contributions to defined contribution pension plans are charged
to the income statement in the year to which they are attributable. The Corporate Promo, Sports & Leisure, and Gifts & Home
Furnishings operating segments comprise the Group’s segments.
Under this classification, each trademark is grouped to the various
operating segments. Prices charged between Group companies
are set on a commercial basis and thus constitute market prices.
Internal profits and losses arising from sales between Group
companies have been fully eliminated.
For information regarding defined benefit pension plans, see Note
6 Salaries, other remuneration and social security costs.
THE GROUP