Getinge 2022 Annual Report
Getinge 2022 Annual Report
Note 24 cont.
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
NOTE 25 Accrued expenses and deferred income
NOTE 26
Pledged assets and contingent liabilities
Composition of plan assets, SEK M
2022
2021
SEK M
2022
2021
Pledged assets
Equities
148
182
Salaries
1,245
1,638
The Group had no pledged assets
Financial instruments
587
549
Social security expenses
377
401
Properties
27
38
Commissions
163
186
Cash and cash equivalents and
similar assets
Interest expenses
27
6
Contingent liabilities, SEK M
2022
2021
Other
Total
67
854
སཾ་
24
10
Consultancy fees
93
82
Guarantees
351
336
77
Office related expenses
18
14
Other
86
60
856
Logistics, warehousing and freight
Total
437
396
expenses
66
50
Other
521
2,511
416
2,794
The weighted average term of the pension commitments is
13 years (16). For the 2023 fiscal year, the expenses for defined-
benefit plans are expected to amount to SEK 123 M.
Information regarding recognition of multi-employer
defined-benefit pension plans
The commitment for retirement pensions and family pensions for
salaried employees in Sweden is safeguarded through insurance
with Alecta. According to a statement from the Swedish Financial
Reporting Board, UFR 10, this is a multi-employer defined-benefit
plan. For the 2022 fiscal year, the company did not have access to
such information that makes it possible to recognize this plan as
a defined-benefit plan. The pension scheme in accordance with
ITP, which is safeguarded through insurance with Alecta, is thus
recognized as a defined-contribution scheme. During the year, fees
for pension insurance covered by Alecta amounted to SEK 44 M
(46). Alecta's surplus can be distributed to the insurers and/or the
insured. At year-end 2022, Alecta's surplus in the form of the collec-
tive consolidation level was approximately 172% (172). The collec-
tive consolidation level comprises the market value of Alecta's
assets as a percentage of the insurance commitment calculated in
accordance with Alecta's actuarial calculation assumption, which
does not correspond with IAS 19.
Total
Getinge has previously provided information about ongoing
government investigations regarding anti-competitive practices
relating to the sale of medical devices, mainly to public hospitals,
where Getinge has previously entered into Settlement Agreements
with the Brazilian Federal Prosecutor's Office (Ministério Público
Federal) and the competition authority, the Administrative Council
for Economic Defense (CADE). The negotiations with the federal
agency for internal control, public transparency and counter-
corruption, Comptroller General of the Union (CGU), continued
in 2022 and is ongoing. It cannot be ruled out that any further
agreements with authorities may have a material impact on the
company's financial earnings and position, but cannot currently
be estimated either in terms of amount or timing.
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