Comments and Notes NOTE 4a. cont. Salaries and Board and CEO Other employees 2005 2004 2003 Specification (cont.) 2005 2004 Remuneration (cont.) 2005 2004 2003 UK 3 2 2 58 40 35 Fair value of plan assets Czech Republic 1 1 – 8 5 – Opening balance 670 658 Germany 11 8 5 167 137 124 Expected return on plan assets 38 15 US 10 7 6 441 294 257 Employer contribution 50 8 Compensation from pension fund –51 –13 Total 105 87 67 2,049 1,747 1,636 Plan assets in acquired/divested subsidiaries 2,267 – Actuarial gains (+)/losses (-) 65 6 (of which performance-related Currency translation differences 31 –4 pay and bonus) (18) (11) (5) (117) (63) (42) Closing balance 3,070 670 All Employees Actual return on plan assets Social Security Expenses 2005 2004 2003 Expected return on plan assets 38 12 Parent company 8 8 4 Actuarial gains (+)/losses (-) 65 6 (of which pension expenses) (3) (3) (2) Actual return on plan assets 103 18 Subsidiaries 563 505 487 Provision for pensions (of which pension expenses) (158) (140) (117) Opening balance 197 189 Total 571 513 491 Pension expense, defined-benefit schemes 57 27 Benefits paid –61 –18 (of which pension expenses) (161) (143) (119) Employer contribution –50 –8 Repayments 51 13 Pension expenses for Boards of Directors and Chief Executive Officers in the Settlement of pension obligations – –2 group amounted to MSEK 13 (2004: 11, 2003 :10). Pension commitments to Acquired and Divested Subsidiaries 353 – Boards of Directors and Chief Executive Officers in the group were MSEK 15 Currency translation differences 4 –4 (2004: 5, 2003: 6). One Board member is a woman, the Chief Executive Officer and other senior Closing balance 551 197 executives are men. Actuatial gains/losses Of all the group’s Board members, Chief Executive Officers and other corpo-Opening balance, actuarial gains (+)/losses (-) –6 0 rate executives, 25 are women. Pension obligations, actuarial gains (+)/losses (-) –93 –12 Because the parent company has fewer than ten employees, sickness ab-Plan assets, actuarial gains (+)/losses (-) 65 6 sence data is not published. Currency translation differences 0 0 Closing balance, actuarial gains (+)/losses (–) –34 –6 Defined-benefit pension schemes Overview 2005 2004 Acquired subsidiaries Increase in pension obligations (+) 2,629 – Provisions Increase in plan assets (–) –2,267 – Present value of the obligation 3,655 873 Total – net 362 – Fair value of plan assets –3,070 –670 Divested subsidiaries Pension obligation less plan assets 585 203 Decrease in pension obligations (–) –10 – Actuarial gains (+)/losses (-) –34 –6 Change in actuarial gains(–)/losses(+) 1 – Pension provision 551 197 Total – net –9 – Expenses Market value of plan assets 2005 2004 Current service cost 39 15 Interest costs 56 24 Equities and similar financial instruments 789 251 Expected return on plan assets –38 –15 Interest-bearing securities, etc. 1,715 419 Pension expenses—defined-benefit schemes 57 24 Real estate 566 – Total 3,070 670 Actuarial assumptions (%) Weighted average discount rate 3.2 3.9 Pension obligations, Plan Pension Expected return on plan assets 4.8 3.4 31 Dec. 2005 Assets Obligations Net Inflation 1.5 1.9 Employee turnover 6.7 3.4 Sweden – –70 –70 Italy – –69 –69 Switzerland 2,831 –3,190 –359 Specifications 2005 2004 Germany – –85 –85 UK 239 –239 0 Present value of the obligation Other smaller commitments – –2 –2 Opening balance 873 847 Total (fair/present value) 3,070 –3,655 –585 Current service cost 39 15 Unrecognised actuarial gains/losses 34 Interest costs 56 24 Benefits paid –61 –18 Pension provisions –551 Obligations in acquired/divested subsidiaries 2,620 – Any shortfall in the scheme in Switzerland must be covered by the employer, Settlement of pension obligations – –2 whereas surpluses can only become due to the beneficiaries. The value of plan Actuarial gains (+)/losses (-) 93 12 assets have been reduced accordingly. Currency translation differences 35 –5 Closing balance 3,655 873