Note 32 Provisions

Provisions which are long-term liabilities

Group, MSEK 2023 2022
Koncernen, Mkr 2023 2022
Feared losses not worked-up Ej upparbetad befarad förlust 644 –
Guarantee risk reserve Garantikostnader 523 591
Restoration costs Återställningskostnader 251 306
Special payroll tax on pensions Löneskatt på pensionskostnader 135 138
Disputes Tvister 37 7
Obligations in joint ventures Åtagande i joint ventures 127 100
Other Övrigt 31 55
Total Summa 1,748 1,197

Provisions which are current liabilities

Group, MSEK 2023 2022
Koncernen, Mkr 2023 2022
Feared losses not worked-up Ej upparbetad befarad förlust 64 80
Guarantee risk reserve Garantikostnader 59 81
Disputes Tvister 7 35
Other Övrigt 93 39
Total Summa 223 235

Provisions

Parent company, MSEK 2023 2022
Moderbolaget, Mkr 2023 2022
Special payroll tax on pensions Löneskatt på pensionskostnader 43 43
Total Summa 43 43
Group 2023‚ MSEK Feared losses not  worked-up Guarantee risk reserve Restoration costs Special payroll tax on pensions Disputes Obligations in joint ventures Other Total
Koncernen 2023. 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 80 672 306 138 42 100 94 1,432
Provisions set aside during the year Avsättningar som gjorts under året 495 438 13 10 39 27 86 1,108
Amounts requisitioned during the year Belopp som tagits i anspråk under året -67 -397 -66 -13 -30 -50 -623
Reversed unutilized provisions during the year Outnyttjade belopp som har återförts under året 7 -124 0 0 -5 -5 -127
Increase in discounted amounts during the year Ökning under året av diskonterade belopp 0 0
Reclassification Omklassificering 194 194
Exchange rate differences Valutakursdifferens -1 -7 -2 -2 0 -1 -13
Closing recognized value Redovisat värde vid årets utgång 708 582 251 135 44 127 124 1,971
Of which are long-term provisions Varav långfristig del av avsättningarna 644 523 251 135 37 127 31 1,748
Of which are current provisions Varav kortfristig del av avsättningarna 64 59 7 93 223

 

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

 

Parent company, MSEK 2023 2022
Moderbolaget, Mkr 2023 2022
Opening recognized value Redovisat värde vid årets ingång 43 45
Provisions set aside during the year Avsättningar som gjorts under året 9 10
Amounts requisitioned during the year Belopp som tagits i anspråk under året -9 -12
Closing recognized value Redovisat värde vid årets utgång 43 43
Of which are long-term provisions Varav långfristig del av avsättningarna 43 43

 

Feared losses not worked-up

Feared losses in contract work are expensed as soon as they are known. 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, although most of them are related to business area Construction.

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 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.