Årsrapport 2022 godkendt 7. marts 2023 (eng) - Flipbook - Side 44
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2022
17.
BOARD OF MANAGEMENT AND BOARD OF DIRECTORS
18.
Collateral and contingent liabilities
DKK mill.
31.12.2022 31.12.2021
Related parties
Industriens Pensionsforsikring A/S is fully owned by the parent company IndustriPension Holding A/S, which also
owns Industriens Pension Service A/S. Consequently, these two companies are closely related to Industriens
As collateral for the technical provisions, assets have been registered at a carrying
amount of:
Pensionsforsikring A/S. The same applies to group undertakings and associated undertakings, see notes 10 and 11,
as well as the members of the Board of Directors and the Board of Management.
Equity investments
51,063
71,552
Investment units
96,616
99,982
Bonds
44,294
43,270
7,407
3,812
- Supply of administrative services for the parent, IndustriPension Holding A/S, as well as to the fellow subsidiary,
894
652
Industriens Pension Service A/S, and the fully owned subsidiaries. Assets management services are also supplied
11,201
2,886
211,475
222,154
Deposits with credit institutions
Loans
Derivative financial instruments
Total registered assets
Transactions with related parties are entered into and settled on market terms or on a cost-recovery basis. In 2022,
the company had the following transactions and balances with related parties:
to the subsidiaries. The fees for these services are set on market-based terms.
- Loans provided (approx. EUR 73 mill.) and guarantees for equivalent lines of credit in connection with financing the
wind farm Butendiek Wind II. Interest and guarantee commission is fixed on market terms.
Cash and cash equivalents and bonds issued as collateral for clearing and for fair
value of derivative financial instruments
3,372
1,609
No transactions have been entered into with the company’s Board of Directors or Board of Management in addition
to the salaries and other remuneration described in note 6.
Cash and cash equivalents and bonds received as collateral for fair value of
derivative financial instruments
14,613
2,851
Pledges to invest in property, infrastructure and unlisted equity investments etc. incl.
warranties for pledges in associated undertakings.
34,830
27,629
The company has joint VAT (moms) registration with a number of group undertakings. The joint registration
entails joint and several liability for VAT and payroll tax.
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