Note Provisions for pensions and similar obligations
90
2019 2018
Change in defined benefit liability
Net liability at January 1 206 164
Net cost recognized in the income statement 35 30
Benefits paid -11 -10
Disbursement of funds from the foundation 11 10
Contributions by employer to funded obligations -28 -25
Actuarial losses/gains arising from changes in demographic assumptions 21 28
Actuarial losses/gains arising from changes in financial assumptions - -
Actuarial losses/gains arising from changes in experience - -
Exchange rate differences on foreign plans 3 2
Reclassifications 4 7
Net liability at December 31 241 206
Composition of plan assets (%)
Fixed income 40 42
Shares 22 22
Properties 5 6
Alternative investments 33 30
The entire pension obligation in the Netherlands concerns alternative investments.
Contributions to plans for post-employment benefits for the 2020 fiscal year are expected to amount to SEK 30 million. The weighted average term of the pension obligation is 17–19 years.
Key actuarial assumptions (%)
The Netherlands
Discount rate 1.05 1.85
Inflation 1.05 1.85
Future annual salary increases 2.35 2.35
Sweden
Discount rate 1.70 2.60
Inflation 1.80 2.00
Future annual salary increases 2.80 3.00
9