Note 40 Related parties
The Group is subject to considerable influence by Mats Paulsson, Fredrik Paulsson and Anita Paulsson together with families, children and companies. As part of the generation shift, in the spring of 2017 the Paulsson families merged the majority of their indirect holdings into a holding company, Ekhaga Utveckling AB, which is controlled by Mats Paulsson’s son Fredrik Paulsson. Ekhaga Utveckling AB has 48.3 percent of the votes. At the end of 2021 the collective ownership connected to the Paulsson families amounted to a total of 26.1 percent of the capital and 59.3 percent of the votes.
SkiStar
The SkiStar Group is subject to considerable influence by Mats and Fredrik Paulsson with families, children and companies through their ownership of the company. Fredrik Paulsson is a member of the board of SkiStar.
Ekhaga Utveckling AB
Ekhaga Utveckling is subject to considerable influence by Mats and Fredrik Paulsson with families, children and companies through their ownership of the company. Fredrik Paulsson is CEO of Ekhaga Utveckling.
AB Axel Granlund/Volito
Karl-Axel Granlund is a member of the Board of Peab and together with his family, children and companies has had decisive influence in AB Axel Granlund/Volito until June 2017. After a generation shift in AB Axel Granlund the shareholding majority was transferred to his three sons. Karl-Axel Granlund continues to be Chairman of Volito AB which is part of the AB Axel Granlund Group.
Annehem Fastigheter
Peab’s Board decided in 2020 to propose distribution of a newly founded company, Annehem Fastigheter, containing Peab’s wholly owned, completed property. The company was distributed and listed in December 2020. The Annehem Group is subject to considerable influence by Mats Paulsson with family, children and companies through their ownership in the company. Peab’s President and CEO, Jesper Göransson, is a member of the board of Annehem Fastigheter.
Joint arrangements
In addition to the related parties presented above the Group has a related party relation with its joint arrangements, see note 18 and 19.
Subsidiaries
In addition to the related parties relations given above for the Group, the parent company has a related party relation with its subsidiaries, see note 41.
Summary of transactions with related parties
| Group, MSEK | 2021 | 2020 | |
| Koncernen, Mkr | 2021 | 2020 | |
| Transactions with joint arrangements | Transaktioner med samarbetsarrangemang | ||
| Sales to joint arrangements | Försäljning till samarbetsarrangemang | 1,530 | 1,415 |
| Purchases from joint arrangements | Inköp från samarbetsarrangemang | 213 | 65 |
| Interest revenue from joint arrangements | Ränteintäkter från samarbetsarrangemang | 55 | 35 |
| Receivables from joint arrangements | Fordran på samarbetsarrangemang | 1,492 | 1,421 |
| Liabilities to joint arrangements | Skuld till samarbetsarrangemang | 42 | 11 |
| Dividends from joint arrangements | Utdelning från samarbetsarrangemang | 384 | 306 |
| Capital contributions to joint arrangements | Kapitaltillskott till samarbetsarrangemang | 739 | 78 |
| Guarantee liabilities for the benefit of joint arrangements | Borgensförbindelser till förmån för samarbetsarrangemang | 3,080 | 3,104 |
| Transactions with SkiStar | Transaktioner med SkiStar | ||
| Sales to SkiStar | Försäljning till SkiStar | 198 | 353 |
| Purchases from SkiStar | Inköp från SkiStar | 1 | 1 |
| Receivables from SkiStar | Fordran på SkiStar | 15 | – |
| Transactions with Ekhaga Utveckling AB | Transaktioner med Ekhaga Utveckling AB | ||
| Sales to Ekhaga Utveckling AB | Försäljning till Ekhaga Utveckling AB | 51 | 45 |
| Purchases from Ekhaga Utveckling AB | Inköp från Ekhaga Utveckling AB | 65 | 67 |
| Receivables from Ekhaga Utveckling AB | Fordran på Ekhaga Utveckling AB | 6 | 4 |
| Liabilities to Ekhaga Utveckling AB | Skuld till Ekhaga Utvecking AB | 10 | 9 |
| Cash dividends to Ekhaga Utveckling AB | Kontant utdelning till Ekhaga Utveckling AB | 277 | – |
| Value of distribution of Annehem Fastigheter on December 11, 2020 to Ekhaga Utveckling AB | Värdet av utdelning av Annehem Fastigheter den 11 december 2020 till Ekhaga Utveckling AB | – | 431 |
| Transactions with AB Axel Granlund/Volito | Transaktioner med AB Axel Granlund/Volito | ||
| Sales to AB Axel Granlund/Volito | Försäljning till AB Axel Granlund/Volito | – | 1 |
| Liabilities to AB Axel Granlund/Volitos | Skuld till AB Axel Granlund/Volito | – | 1 |
| Cash dividends to AB Axel Granlund/Volito | Kontant utdelning till AB Axel Granlund/Volito | 88 | – |
| Value of distribution of Annehem Fastigheter on December 11, 2020 to AB Axel Granlund/Volito | Värdet av utdelning av Annehem Fastigheter den 11 december 2020 till AB Axel Granlund/Volito | – | 137 |
| Transactions with Annehem Fastigheter 1) | Transaktioner med Annehem Fastigheter 1) | ||
| Sales to Annehem Fastigheter | Försäljning till Annehem Fastigheter | 433 | 2 |
| Purchases from Annehem Fastigheter | Inköp från Annehem Fastigheter | 66 | – |
| Receivables from Annehem Fastigheter | Fordran på Annehem Fastigheter | 3 | 7 |
| Liabilities to Annehem Fastigheter | Skuld till Annehem Fastigheter | 3 | 2 |
1) The sale refers to the period after the distribution of Annehem Fastigheter in December 2020.
Summary of transactions with related parties
| Parent company, MSEK | 2021 | 2020 | |
| Moderbolaget, Mkr | 2021 | 2020 | |
| Transactions with subsidiaries | Transaktioner med dotterföretag | ||
| Sales to subsidiaries | Försäljning till dotterföretag | 326 | 340 |
| Purchases from subsidiaries | Inköp från dotterföretag | 50 | 72 |
| Interest costs to subsidiaries | Räntekostnader till dotterföretag | 48 | 58 |
| Receivables from subsidiaries | Fordran på dotterföretag | 2,271 | 1,655 |
| Liabilities to subsidiaries | Skuld till dotterföretag | 2,550 | 2,826 |
| Capital contributions to subsidiaries | Kapitaltillskott till dotterföretag | 105 | 2,061 |
| Transactions with Ekhaga Utveckling AB | Transaktioner med Ekhaga Utveckling AB | ||
| Cash dividends to Ekhaga Utveckling AB | Kontant utdelning till Ekhaga Utveckling AB | 277 | – |
| Value of distribution of Annehem Fastigheter on December 11, 2020 to Ekhaga Utveckling AB | Värdet av utdelning av Annehem Fastigheter den 11 december 2020 till Ekhaga Utveckling AB | – | 431 |
| Transactions with AB Axel Granlund/Volito | Transaktioner med AB Axel Granlund/Volito | ||
| Cash dividends to AB Axel Granlund/Volito | Kontant utdelning till AB Axel Granlund/Volito | 88 | – |
| Value of distribution of Annehem Fastigheter on December 11, 2020 to AB Axel Granlund/Volito | Värdet av utdelning av Annehem Fastigheter den 11 december 2020 till AB Axel Granlund/Volito | – | 137 |
| Transactions with Annehem Fastigheter | Transaktioner med Annehem Fastigheter | ||
| Receivables from Annehem Fastigheter | Fordran på Annehem Fastigheter | – | 3 |
Executive management
For information on salaries and other remuneration to the Board of Directors, the CEO and senior officers along with information on costs relating to pensions and similar benefits and agreements on retirement remuneration, see note 9. During 2021, other senior officers hired companies within the Group for private services of SEK 18 million. During 2020 President and CEO, Jesper Göransson, hired Peab’s Construction maintenance for private services of less than SEK 1 million. The services have been delivered at market prices.
Transaction terms
Transactions with related parties were on market terms.