Accounts and notes Note 32 - Related party transactions

The parent company’s purchases from and sales to Group companies
During the year the parent company sold internal services for administration, management, and rental of premises with applicable services for SEK 40,620 thousand to Group companies. The figure for 2006 was SEK 42,453 thousand.
In 2007, the parent company bought services for SEK 3,698 thousand from Group companies. These services comprised systems support for administrative systems in the Group. Equivalent purchases in 2006 were SEK 1,045 thousand.
Purchases from and sales to related parties
No such purchases or sales took place in 2007.
Benefits for executives
In 2007, salary and remuneration to the CEO and Group vice president in the parent company amounted to SEK 5,284 thousand (7,614), of which SEK 532 thousand (925) comprised variable bonuses.
Salary and remuneration paid to other executives amounted to SEK 14,645 thousand (10,314), of which SEK 2,874 thousand (1,307) comprised variable bonuses. This refers to 11 people (9), of whom 2 (1) worked part of the year.
For persons mentioned above, there is no compensation after employment termination (SEK 146 thousand last year), and no compensation during the period of notice (SEK 2,070 thousand last year). Salary and remuneration paid to executives comprises two parts: one fixed and one variable. The fixed part is comparable to the person’s basic salary; the variable part is based on achieved objectives during the year. One executive has no variable remuneration. A medical insurance benefit is available for executives.
Executives receive premium-based pension benefits. The CEO receives pension benefits amounting to 30% of his basic salary. The Group vice president receives no pension benefits. Other executives receive pension benefits as per the Group’s premium plan, based on age and salary. Apart from the above benefits for executives, there are no specific pension benefits.
Other agreements with executives
If the company terminates the employment contract, a 6-month period of notice applies to the CEO and an 18-month period applies to the Group vice president – without severance pay. For other executives, a 6-12-month period of notice applies if the company cancels their contracts. If the company cancels the contract, one executive has the right to 6-months severance pay – in addition to salary during the period of notice.
Benefits for the board
Board fees were SEK 1,175 thousand, of which SEK 300 thousand were paid to the chairman; SEK 150 thousand each went to five board members and SEK 125 thousand to board member Thomas Landberg who worked for part of the year.
Warrants
There are no outstanding warrants for executives (35,000 last year).
Decisions on board and executive remuneration and benefits
Each year, the AGM sets the board’s remuneration. The board sets the annual remuneration and benefits for the CEO and president (for which the chairperson is ultimately responsible) and remuneration and benefits for other executives.
Other transactions
Separate notes contain data on:
*    Salaries and remuneration to the CEO and board
*    Transactions with Group companies
As per IAS 24, no other transactions with related parties occurred in 2007.
Board and executive remuneration and benefits
Year / nameBase saleryOtherVariable payOther benefitsPension costsTotal
2007
Patrik Boman, CEO1,339-412-6092,360
Peter Keller-Andreasen, Group vice president3,413-120--3,533
Executives11,770-2,875-1,58616,231
Board chairman Wigon Thuresson300----300
Board chairman Per Edlund150----150
Board member Eva Gidlöf150----150
Board member Ulf Körner150----150
Board member Thomas Landberg125----125
Board member Per Norén150----150
Board member Lars Persson150----150
2006
Peter Keller-Andreasen, CEO212----212
Mats Alders, CEO2,184278655326553,804
Bengt Levin, Group vice president1,8002,18327007645,017
Executives8,3425131,3071511,04711,361
Board chairman Per-Eric Fylking250----250
Board member Per Edlund125----125
Board member Eva Gidlöf125----125
Board member Ulf Körner125----125
Board member Per Norén125----125
Board member Lars Persson125----125
Note 1-16 Note 17-33
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