Note 27 – Provisions
|Pension provision||Restructuring reserve||Other non-current employee benefits||Other provisions||Group|
|SEK m||31 dec 2020||31 dec 2019||31 dec 2020||31 dec 2019||31 dec 2020||31 dec 2019||31 dec 2020||31 dec 2019||31 dec 2020||31 dec 2019|
|Dissolution recognized in income||-||-||-5||-2||-||-||-||-1||-5||-3|
|Change in value||-1||4||0||2||-1||2||-1||1||-3||9|
Restructuring costs in 2020 relates to additional restructuring costs in Germany to coordinate Hoist Finance's operations in Germany, and a minor provision in the Netherlands. These provisions are expected to be utilised in 2021. Restructuring costs in 2019 related to costs resulting from the decision to coordinate Hoist Finance's operations in France to fewer offices, and additional restructuring costs in Germany. The provisions are to a majority utilised in 2020 and the remaining are expected to be utilised in 2021.
The Group has defined-benefit pension schemes for Hoist Finance AB (publ) (SEK 6t), the German branch Hoist Finance AB (publ) Niederlassung (SEK 27m) and in the Greek subsidiary Hoist Hellas SA (SEK 315t), based on the employees’ pensionable remuneration and length of service. Pension commitments are determined using the Projected Unit Credit Method, which includes current pensions, vested rights and future increases in these parameters in the valuation.
|SEK m||31 dec 2020||31 dec 2019|
|Net pension provision, recognised in the balance sheet|
|Fair value of plan assets||5||5|
|Net pension provision||27||29|
|Actuarial gains (–)/losses (+)||0||4|
|Currency effects, etc.||-1||0|
|Assets under management|
|Actuarial gains (+)/losses (–)||-||1|
All plan assets are invested in investment funds.