G32 Government grants
During 2025, Sandvik received various forms of government grants in countries where the Group operates of SEK 76 million (116). As in 2024, the main part of received grants in 2025 has been recognized as a reduced cost to which the grant is attributable to.
In 2025 the main part pf the government grants was related to R&D projects and personnel costs. In 2024, the grants were mainly related to R&D projects.
The majority of the grants have no unfulfilled conditions or contingencies attached to them.
§ Accounting principles
Government grants are recognized as deferred income in the balance sheet when there is reasonable assurance that the grant will be received, and that the entity will comply with the conditions attached to them. Grants are recognized in profit or loss for the year in the same way and over the same periods as the related costs that they are intended to compensate, on a systematic basis.
Grants related to assets are presented by deducting the grant from the carrying amount of the asset.