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.