New Wave Group AB Annual_report_2018_EN_HQ | Page 109

NWG // FINANCIAL INFORMATION //
SEK million
THE PARENT COMPANY
2018
Salaries and other
remuneration Of which
bonus Pension
costs 2017
Salaries and other
remuneration Of which
bonus Pension
costs
0.9
0.3
0.2
0.1
0.2
0.2
4.1
6.0 0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0 0.4
0.0
0.0
0.0
0.0
0.0
1.6
2.0 0.9
0.3
0.2
0.2
0.2
0.2
4.1
6.1 0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0 0.4
0.0
0.0
0.0
0.0
0.0
1.4
1.8
Torsten Jansson, CEO
Olof Persson, Chairman of the Board
Christina Bellander, Board Member
Elisabeth Dahlin, resigning Board Member 2018
Mats Årjes, Board Member
M Johan Widerberg, Board Member
Other senior executives *
Total
* See page 54.
Warrants
The Parent company has no outstanding warrants.
Pension obligations
For white-collar employees in Sweden the ITP
2-plan's defined benefit pension obligations for reti-
rement- and family pensions (or family pension) are
secured through insurance in Alecta. According to
a statement from the Swedish Financial Reporting
Board, UFR 10 Accounting for pension plan ITP
2 financed by insurance in Alecta, this is a defined
benefit plan that covers several employers. For
financial year 2018 the company has not had access
to information in order to account for its propor-
tionate share of the plan's obligations, plan assets
and costs which meant that the plan has not been
possible to account for as a defined benefit plan. The
pension plan ITP 2 secured through insurance with
Alecta is therefore recognized as a defined contri-
bution plan. The premium for the defined benefit
retirement and family pension is individually calcu-
lated and is dependent on factors including salary,
previously earned pension and expected remaining
period of service. Expected premiums for 2019
amount to SEK 2.3 million (SEK 2.2 million).
The collective funding level is the market value
of Alecta’s assets in percent of the commitments
calculated in accordance with Alecta´s calculation
assumptions for insurance purposes, which do not
comply with IAS19. The collective consolidation
level is normally allowed to vary between 125 and
155 %. If Alecta’s consolidation level fall below
125 percent or exceed 155 % measures should be
taken in order to create conditions to reestablish
the consolidation level to the normal range. At low
consolidation, a measure can be to raise the agreed
price for new agreements. At high consolidation, a
measure can be to introduce premium reductions.
Alecta’s collective funding ratio at the end of the year
was 142 % (154 %).
ANNUAL REPORT // 109