P3 Personnel information and remuneration to management
Average number of employees was at year end 2020 4,990 (6,711) of which 25 percent were women (23). All personnel in the Parent Company is based in Sweden.
|
2019 |
2020 |
||
|---|---|---|---|---|
|
||||
Wages, salaries and other remuneration |
4,196 |
2,160 |
||
Social costs |
1,291 |
770 |
||
Pension costs |
571 |
426 |
||
Total |
6,058 |
3,356 |
||
|
|
|
||
of which to Boards of Directors and presidents1) |
|
|
||
Salaries and other remunerations |
39 |
38 |
||
Variable salary |
6 |
– |
||
Pension costs |
23 |
21 |
||
Proportion of women, % |
2019 |
2020 |
|---|---|---|
Gender distribution in senior management |
27 |
27 |
Other senior executives |
29 |
29 |
For information regarding incentive programs see note G4.
Accounting principles
Employee benefits
The Parent Company calculates expenses for defined-benefit pension plans differently from the manner prescribed in IAS 19. The Parent Company applies the Act on Income Security and regulations issued by the Swedish Financial Supervisory Authority, which is a prerequisite for income tax purposes. Compared to IAS 19, the most significant differences relate to the determination of the discount rate and the fact that the obligation is calculated based on the current salary level disregarding assumptions about future levels.