annual report 2020 - Flipbook - Side 6
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
FINANCIAL AND OPERATING DATA, SUMMARY OF FINANCIAL STATEMENTS
Balance sheet
Total assets increased by DKK 12.1 bn. from DKK
193.6 bn. in 2019 to DKK 205.7 bn. at the end of
2020. In the past five years, the company’s total
assets have grown by DKK 56 bn.
Total provisions for insurance and investment
contracts amounted to DKK 189.1 bn. at the end
of 2020. Of this amount, provisions for the
market-rate scheme totalled DKK 172.8 bn. while
provisions in the average-rate environment,
which only includes pensioned members,
amounted to DKK 7.5 bn., including individual as
well as collective bonus potentials. Furthermore,
there are provisions for sickness and accident
insurance of DKK 8.9 bn. In the market-rate
scheme, returns are allocated to members in full
in the year they are earned, while members on
average rate are allocated a specific rate of
interest on their savings, which in 2020 was set
at 9% (after tax). Furthermore, in December,
members in the average rate scheme received
an extraordinary bonus of 15%. The rate of
interest on members' savings has been set at
3.5% after tax for 2021.
Equity rose in 2020 to DKK 5.9 bn., and total
own funds thus amounted to DKK 10.1 bn. at the
end of the year.
Events after the end of the financial year
From the reporting date and up to today's date,
no matters have occurred which affect the view
given in the financial statements.
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