EXAMPLE PAGE - ANNUAL REPORT - THE SWEDISH CLUB - Flipbook - Sida 75
NOTES - FINANCIAL STATEMENTS
Note 27.
Memorandum items
The listed assets below, are held in the priority register for coverage of technical provisions. In case of insolvency the members
have a priority right to the registered assets. The company has the right that in going concern add or delete assets in the priority
register as long as the requirements are met in accordance with Swedish Insurance Act.
Government/municipal bonds, etc.
Bonds other
Quoted shares
Investment fund
Cash and bank balances
Receivables related to direct insurance operations
Technical provisions, net
Surplus of registered assets
2021
2020
53,089
234,192
81,565
21,806
14,485
35,981
49,590
248,318
79,982
15,746
19,007
31,559
441,118
444,201
291,852
149,266
251,288
192,913
441,118
444,201
Bank guarantees
In connection with commitments to other members of the International Group and to members of The Swedish Club, the
Association has provided bank guarantees of USD 8.4 (2.9) million. There is also a bank guarantee on lease amounting to USD 0.1
(0.1) million.
Note 28.
Related party transactions
With the exception of what is required by insurance contracts, there are no related party transactions with Board members.
Neither are there any related party transactions with senior executives of the Club. During the year, the Club reimbursed the
equivalent of USD 3.7 million to its subsidiary in Hong Kong. This was for operating costs in 2021. In addition, a receivable is
reported in the balance sheet for USD 0.2 million.
Note 29.
Significant events after the balance sheet date
After the balance sheet date, insurance activities have developed in line with the established goals and expectations. The Swedish
Club does not have any significant events to report on items that have not previously been communicated but relate to periods up to
the balance sheet date.
THE SWEDISH CLUB ANNUAL REPORT 2021
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