Note 27 – Provisions

 Pension provisionRestructuring reserveOther non-current
employee benefits
Other provisionsGroup
SEK m31 Dec 202131 Dec 202031 Dec 202131 Dec 202031 Dec 202131 Dec 202031 Dec 202131 dec 202031 Dec 202131 Dec 2020
Opening balance2729113617181066589
Amount released0-1-8-24-1-9-1-2-9-36
Dissolution recognized in income----5------5
Change in value0-1-10-1-1-2-1-4-3
Closing balance27 27611151711106065 


Restructuring costs in 2021 relates to additional restructuring costs in the Netherlands and German. Restructuring costs in 2020 related to restructuring costs in Germany, and a minor provision in the Netherlands. These provisions are expected to be utilised in 2022.


The Group has defined-benefit pension schemes for Hoist Finance AB (publ), of which SEK 27m is recognised in the German branch Hoist Finance AB (publ) Niederlassung and SEK 5 thousand is recognised in the Swedish parent company. These pensions are 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 m31 Dec 202131 Dec 2020
Net pension provision, recognised in the balance sheet 
Defined-benefit commitment3132 
Fair value of plan assets4
Net pension provision2727 
Pension commitments 
Opening balance3234 
Interest expense0
Pension payments0-1 
Actuarial gains (–)/losses (+)-1
Currency effects, etc.-1-1 
Closing balance3132 
Assets under management 
Opening balance5
Interest income0
Employer-contributed funds-
Benefits paid--1 
Actuarial gains (+)/losses (–)0
Currency effects-1
Closing balance4

All plan assets are invested in investment funds. 

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- Annual Report 2021 -
- Årsredovisning 2021 -