New Wave Group Annual Report 2020 English | Page 79

NWG // FINANCIAL INFORMATION //
THE GROUP
senior executives ; these matters are dealt with exclusively by the Board . The salaries of the senior executives are decided by the CEO after consultation with the Chariman of the Board . The Board members ' fees are decided by the Annual General Meeting .
A remuneration committee for the Parent company ' s Board has not been elected . The fees paid to the Chairman of the Board and the Board members are in accordance with the decision of the Annual General Meeting .
Board members ' fees 2020 2019
External members of the Parent
company ' s Board
1.4
1.2
Of which to the Chairman of the Board 0.4 0.4
Salaries and other remuneration distributed by Board members and other senior executives
SEK million
2020 Salaries and other remuneration
Of which bonus
Pension costs
2019 Salaries and other remuneration
Of which bonus
Pension costs
Torsten Jansson , CEO
0.7
0.0
0.3
0.9
0.0
0.3
Olof Persson , Chairman of the Board
0.4
0.0
0.0
0.4
0.0
0.0
Christina Bellander , Board Member
0.2
0.0
0.0
0.2
0.0
0.0
Mats Årjes , Board Member
0.2
0.0
0.0
0.2
0.0
0.0
M . Johan Widerberg , Board Member
0.2
0.0
0.0
0.2
0.0
0.0
Jonas Eriksson , Board Member
0.2
0.0
0.0
0.1
0.0
0.0
Magdalena Forsberg , Board Member
0.2
0.0
0.0
0.1
0.0
0.0
Other senior executives *
11.4
0.3
2.4
13.9
1.9
2.3
Total
13.5
0.3
2.7
16.1
1.9
2.7
* See pages 54-55 .
Warrants
The Group has no outstanding warrants .
Pension obligations
For financial year 2020 the company has not had access to information in order to account for its proportionate share of the Alecta-plan ' s obligations , plan assets and costs which meant that the plan has not been possible to account for as a defined benefit plan . The pension plan ITP 2 secured through insurance in Alecta is therefore recognized as a defined contribution plan . The premium for the defined benefit retirement and family pension is individually calculated and is dependent on factors including salary , previously earned pension and expected remaining period of service . Expected premiums for the coming financial year amount to SEK 9.4 ( 9.5 ) million .
The collective funding level is the market value of Alecta ’ s assets in percent of the commitments calculated in accordance with Alecta ´ s calculation assumptions for insurance purposes , which do not comply with IAS 19 . The collective consolidation level is normally allowed to vary between 125 % and 155 %. If Alecta ’ s consolidation level fall below 125 % or exceed 155 %, measures should be taken in order to create conditions to reestablish the consolidation level to the normal range . At low consolidation , a measure can be to raise the agreed price for new agreements . At high consolidation , a measure can be to introduce premium reductions . Alecta ’ s collective funding ratio at the end of the year was 148 % ( 148 %).
ANNUAL REPORT // 079