Parent company notes
Note A12 Post-employment benefits
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Defined contribution pension plan | Defined benefit pension plan | Total | Defined contribution pension plan | Defined benefit pension plan | Total | |
| Opening balance, Jan. 1 | 47 | 0 | 47 | 40 | 18 | 58 |
| Provision made | 7 | 3 | 10 | 7 | 2 | 9 |
| Provision used | -1 | 0 | 0 | 0 | 0 | 0 |
| Provision reversed | - | - | - | – | -20 | -20 |
| Closing balance, Dec. 31 | 53 | 3 | 57 | 47 | 0 | 47 |
The Parent Company has endowment insurance of 53 (47) relating to defined contribution pension plans. The insurance is recognized in other financial assets, and pledged to the pension beneficiary.
Description of defined benefit pension plans
The Parent Company has one defined benefit pension plan. The ITP plan is a final salary pension plan covering employees in Epiroc AB and the benefits are secured through the Epiroc pension trust.
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Funded pension | Unfunded pension | Total | Funded pension | Unfunded pension | Total | |
| Defined benefit obligations | 23 | 3 | 26 | 22 | 0 | 22 |
| Fair value of plan assets 1) | -23 | - | -23 | -22 | – | -22 |
| Present value of net obligations | 0 | 3 | 3 | 0 | 0 | 0 |
| Not recognized surplus | - | - | - | – | – | – |
| Net amount recognized in balance sheet | 0 | 3 | 3 | 0 | 0 | 0 |
| RECONCILIATIONS OF DEFINED BENEFIT OBLIGATIONS | ||||||
| 2025 | 2024 | |||||
| Funded pension | Unfunded pension | Total | Funded pension | Unfunded pension | Total | |
| Defined benefit obligations at Jan. 1 | 22 | 0 | 22 | – | 18 | 18 |
| Service cost | 1 | 3 | 4 | 2 | 2 | 4 |
| Other changes in obligations 1) | - | - | - | 20 | -20 | 0 |
| Benefits paid from plan | 0 | - | 0 | 0 | – | 0 |
| Defined benefit obligations at Dec. 31 | 23 | 3 | 26 | 22 | 0 | 22 |
| 2025 | 2024 | |
|---|---|---|
| Costs excluding interest | 3 | 3 |
| Total | 3 | 3 |
| Pension commitments provided for through insurance contracts | ||
| Service cost | 7 | 7 |
| Total | 7 | 7 |
| Net cost for pensions, excluding taxes | 10 | 10 |
| Special employer’s contribution | 5 | 5 |
| Total | 15 | 15 |