annual report 2020 - Flipbook - Side 28
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
FINANCIAL STATEMENTS 2020
Changes in equity
Share capital
Retained
earnings
Reserve*
Total
110
531
5,069
5,710
Profit for the year
-
-
195
196
Other comprehensive income
-
-
0
0
Equity as at 31 December 2020
110
531
5,265
5,906
Equity as at 1 January 2019
110
531
4,653
5,293
Note DKK mill.
Equity as at 1 January 2020
Profit for the year
Equity as at 31 December 2019
-
-
417
417
110
531
5,069
5,710
*The reserve for tax-free retained earnings is subject to special limitations, see section 307 of the Danish Financial Business
Act on labour-market-related life-assurance limited companies.
The company share capital of DKK 110 million is issued in shares each of DKK 1,000, or multiples of same.
Own funds
DKK mill.
Equity, see above
31.12.2020
31.12.2019
5,906
5,710
3,908
3,862
312
323
10,125
9,895
Difference between equity and solvency capital:
Excess capital (special bonus provisions type B)
Other subordinated loan capital (special bonus provisions type A)
Total own funds (accepted to cover the solvency capital requirement)
27