Note 32 Provisions

Provisions which are long-term liabilities

Group, MSEK 2022 2021
Koncernen, Mkr 2022 2021
Guarantee risk reserve Garantikostnader 591 650
Restoration costs Återställningskostnader 306 333
Special payroll tax on pensions Löneskatt på pensionskostnader 138 151
Disputes Tvister 7 13
Obligations in joint ventures Åtagande i joint ventures 100 87
Other Övrigt 55 79
Total Summa 1,197 1,313

Provisions which are current liabilities

Group, MSEK 2022 2021
Koncernen, Mkr 2022 2021
Feared losses not worked-up Ej upparbetad befarad förlust 80 66
Guarantee risk reserve Garantikostnader 81 107
Disputes Tvister 35 25
Other Övrigt 39 42
Total Summa 235 240

Provisions

Parent company, MSEK 2022 2021
Moderbolaget, Mkr 2022 2021
Special payroll tax on pensions Löneskatt på pensionskostnader 43 45
Total Summa 43 45
Group 2022‚ MSEK Feared losses not worked-up Guarantee risk reserve Restoration costs Special payroll tax on pensions Disputes Obligations in joint ventures Other Total
Koncernen 2022. Mkr Ej upparbetad befarad förlust Garanti-
kostnader		 Återställ-
ningskost-
nader		 Löneskatt på pensions-
kostnader		 Tvister Åtagande i joint ventures Övrigt Totalt
Opening recognized value Redovisat värde vid årets ingång 66 757 333 151 38 87 121 1,553
Provisions set aside during the year Avsättningar som gjorts under året 63 454 16 25 32 15 34 639
Amounts requisitioned during the year Belopp som tagits i anspråk under året -49 -501 -18 -15 -26 -2 -34 -645
Provisions in acquired companies Avsättningar i förvärvade företag 4 4
Reversed unutilized provisions during the year Outnyttjade belopp som har återförts under året -57 -38 -23 -4 -31 -153
Increase in discounted amounts during the year Ökning under året av diskonterade belopp 0 1 1
Exchange rate differences Valutakursdifferens 0 15 12 2 0 4 33
Closing recognized value Redovisat värde vid årets utgång 80 672 306 138 42 100 94 1,432
Of which are long-term provisions Varav långfristig del av avsättningarna 591 306 138 7 100 55 1,197
Of which are current provisions Varav kortfristig del av avsättningarna 80 81 35 39 235

 

Group 2021‚ MSEK Feared losses not worked-up Guarantee risk reserve Restoration costs Special payroll tax on pensions Disputes Obligations in joint ventures Other Total
Koncernen 2021. Mkr Ej upparbetad befarad förlust Garanti-
kostnader		 Återställ-
ningskost-
nader		 Löneskatt på pensions-
kostnader		 Tvister Åtagande i joint ventures Övrigt Totalt
Opening recognized value Redovisat värde vid årets ingång 23 850 366 148 27 108 148 1,670
Provisions set aside during the year Avsättningar som gjorts under året 46 516 24 52 19 21 32 710
Amounts requisitioned during the year Belopp som tagits i anspråk under året -3 -595 -27 -19 -9 -44 -59 -756
Provisions in acquired companies Avsättningar i förvärvade företag 1 4  

 

 5
Reversed unutilized provisions during the year Outnyttjade belopp som har återförts under året -23 -41 -30 -2 -96
Exchange rate differences Valutakursdifferens 8 7 1 2 2 20
Closing recognized value Redovisat värde vid årets utgång 66 757 333 151 38 87 121 1,553
Of which are long-term provisions Varav långfristig del av avsättningarna 650 333 151 13 87 79 1,313
Of which are current provisions Varav kortfristig del av avsättningarna 66 107 25 42 240

 

Parent company, MSEK 2022 2021
Moderbolaget, Mkr 2022 2021
Opening recognized value Redovisat värde vid årets ingång 45 43
Provisions set aside during the year Avsättningar som gjorts under året 10 20
Amounts requisitioned during the year Belopp som tagits i anspråk under året -12 -15
Reversed unutilized provisions

during the year

 Outnyttjade belopp som har återförs under året -3
Closing recognized value Redovisat värde vid årets utgång 43 45
Of which are long-term provisions Varav långfristig del av avsättningarna 43 45

 

Feared losses not worked-up

Feared losses in contract work are expensed as soon as they are known. According to IFRS 15 the part of a feared loss that has not been worked-up is recognized as a provision. Provisions for feared losses not worked-up have been made in all business areas.

Guarantee risk reserve

Refers to the estimated cost of remedying faults and deficiencies in finished projects that arise while the project is under warranty as well as rental guarantees. Resources are consumed during the guarantee period of the project which is generally two to five years. As the effect of the point in time for payment is not material expected future disbursements are not valued at their current value. Provisions for guarantee risks have been made in all business areas.

Restoration costs

Refers to restoration costs in Industry operations for gravel pits and rock quarries after termination of operations. The provision grows in relation to the amount quarried and is reversed after restoration is complete. The reserved sum is expected to be used successively after operations are terminated. The estimated restoration time is 1 to 15 years. Our calculation of reserved amounts is based on estimated future payments for restoration and reflects Peab’s best assessment taking risks in cash flows into consideration.

Special payroll tax on pensions

There are pension plans where the Group has acquired endowment insurance which is hedged in favor of employees through pledges. Provisions for special payroll tax are reserved calculated on the fair value of the endowment insurance, except in cases where the contract stipulates that the endowment insurance covers special payroll tax.

Disputes

Refers to disputes in business areas Construction, Civil Engineering, Industry and Project Development.

Obligations in joint ventures

Refers to participations in joint ventures with a negative consolidated value in the business area Project Development.

Others

Refers to other minor provisions.