Getinge 2022 Annual Report
Getinge 2022 Annual Report
Note 24 cont.
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
Funded
Unfunded
Dec 31, 2022, SEK M
Present value of commitments
pension plans
-1,125
pension plans
-2,325
Total
-3,451
The defined-benefit pension commitment
and composition of plan assets 2022, SEK M
Sweden
Present value of
commitments
-449
Fair value of
plan assets
24
Net provision
for pensions
-426
Fair value of plan assets
Net provision in the balance sheet
854
854
Germany
-1,785
22
-1,763
-272
-2,325
-2,597
USA
-1,080
800
-280
Other countries
-136
8
-128
Funded
Unfunded
Total
-3,451
854
-2,597
Dec 31, 2021, SEK M
Present value of commitments
Fair value of plan assets
Net provision in the balance sheet
pension plans pension plans
Total
-1,283
-3,127
-4,410
Significant actuarial assumptions, %
2022
2021
856
856
Weighted average, %
-427
-3,127
-3,554
Discount rate
Expected salary increase rate
Pension commitments, SEK M
2022
2021
Expected inflation
4.4
1.7
2.4
2.4
2.1
1.9
Opening balance
-3,554
-3,524
Costs for service in the current year
-50
-58
Net interest expenses
-53
-46
Past service cost
2
Significant actuarial assumptions 2022, %
Weighted average, %
Sweden
Germany
USA
Other countries
Return on plan assets
-146
22
Discount rate
Gains/(losses) attributable to changed demographic assumptions
1
-2
Expected salary increase rate
Gains/(losses) attributable to changed financial assumptions
1,267
-44
Expected inflation
4.1
4.2
4.9
2.0
2.5
2.0
2.2
3.1
2.7
1.7
Experience-based gains/(losses)
-41
4
Special employer's contribution on actuarial assumptions
48
16
Restriction in plan surpluses with regard to asset ceilings
-3
-1
Sensitivity of defined-benefit commitments
Translation differences
-240
-92
to changes in the significant assumptions 2022, SEKM
Contributions paid by employer
55
62
Pension commitments according to original valuation
Paid benefits
116
109
Discount rate +1 percentage point
Closing balance
-2,597
-3,554
Inflation +1 percentage point
Salary increases +1 percentage point
Expected value of
pension commitments
-3,451
-3,073
378
-3,715
-264
-3,484
-33
Change compared
with used calculation
assumptions
Of which:
Interest-bearing pension commitments
-2,454
-3,378
Non-interest-bearing pension commitments
-144
-175
101
The sensitivity analyses above are based on a change in an assumption, while all other assumptions
remain constant. It is unlikely that this will happen in practice, and changes in some of the assumptions
may correlate. The calculation of sensitivity in the defined-benefit commitments for material actuarial
assumptions uses the same method as that used in the calculation of pension liabilities."
1) The present value of defined-benefit commitments by applying the Projected Unit Credit Method at the end of the reporting period.View entire presentation