annual report 2020 - Flipbook - Side 36
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
NOTES
Note 5 - Benefits paid
Note 6 - Administration costs
DKK mill.
2020
2019
DKK mill.
Regular pension benefits
1,450
1,270
Lump sums on old age
377
362
The staff expenses specified below have been recognised in the items for administration costs, administration
costs in connection with investment activities, as well as result of sickness and accident insurance:
Insurance sums on disability
123
111
Insurance sums on critical illness
144
146
Insurance sums on death
586
589
2,136
2,646
161
159
Tax correction of old-age lump sum
0
0
Health-promotion costs
7
7
Transfers to other pension schemes
Surrender (disbursement of small dormant accounts)
Transferred to other insurance provisions
Total benefits paid
136
146
5,121
5,437
2020
2019
Staff expenses
Staff wages and salaries
Pension contributions
Other social security costs
Payroll tax
142
142
18
17
3
2
24
24
Total staff expenses
186
185
Average number of full-time employees in the year
192
185
Board of Management
4.6
4.5
Board of Directors
2.3
2.3
22.1
27.9
Staff expenses include salaries and remuneration for:
Number of employees whose activities significantly influence the risk
profile, 13 people (15 people in 2019)
No bonus schemes or performance-related pay agreements are linked to the employment of either the board of
management or other employees with significant influence on the risk profile. No allowances for new
employment or resignation were paid in 2020. Remuneration is not paid to members of the Board of
Management for board positions in other companies in the group.
Salaries and other remuneration for individual members of the Board of Directors are disclosed in note 23.
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