2.
Income Statement and Balance Sheet

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Inkomstpension, Income statement and Balance sheet

Table 2.1 Income Statement
millions of SEK
Note 2019 2020 Change
Change in fund assets Pension contributions 1 289,386 295,499 6,113
Pension disbursements 2 -314,724 -326,266 -11,542
Return on funded capitala 3 240,318 132,722 -107,596
Costs of administration 4 -1,757 -1,856 -99
Total Change in fund assets 213,223 100,099 -113,124
Change in contribution asset Value of change in contribution
revenue 		5 331,755 182,990 -148,765
Value of change in turnover duration 6 40,243 93,798 53,555
Total Change in contribution asset 371,998 276,788 -95,210
Change in pension liabilityb New pension credit 7 -302,495 -304,394 -1,899
Pension disbursements 2 314,724 326,257 11,533
Indexation 8 -268,855 -339,735 -70,880
Value of change in life expectancy 9 -31,559 -10,503 21,056
Inheritance gains arising 10 12,633 12,135 -498
Inheritance gains distributed 10 -15,697 -14,598 1,099
Deduction for costs of administration 11 1,673 1,818 145
Total Change in pension liability -289,576 -329,020 -39,444
Net income/-loss for the year 295,645 47,867 -247,778
  1. In the Pension Agency’s annual report for 2020, the preliminary return was SEK 132,721 million.
  2. A negative item (-) increases the pension liability, and a positive item decreases it, by the amount shown.

Table 2.2 Balance sheet
millions of SEK
Note 2019 2020 Change
Assets Fund assetsa 12 1,596,342 1,696,441 100,099
Contribution assets 13 8,616,216 8,893,004 276,788
Total Assets 10,212,558 10,589,445 376,887
Liabilities and results brought forward Closing results brought forward Opening results brought forward 462,685 758,330 295,645
Net income/-loss for the year 295,645 47,867 -247,778
Total Closing results brought forward 758,330 806,197 47,867
Pension liability 14 9,454,228 9,783,248 329,020
Total Liabilities and results
brought forward 		10,212,558 10,589,445 376,887
  1. In the Pension Agency’s annual report for 2020, the preliminary value of fund assets was SEK 1,696,440 million.

Premium Pension, Income statement and Balance sheet

Table 2.3 Income Statement
millions of SEK
Note 2019 2020 Change
Change in fund assets Pension contributions 45,140 45,727 587
Pension disbursements 15 -10,942 -14,028 -3,086
Return on funded capital 16 341,911 101,787 -240,124
Costs of administration 17 -597 -444 153
Total Change in fund assets 375,512 133,042 -242,470
Change in pension liabilitya New pension credit 18 -45,140 -45,727 -587
Pension disbursements 15 10,942 14,028 3,086
Change in value 16 -336,233 -99,022 237,211
Inheritance gains arising 19 3,700 4,135 435
Inheritance gains distributed 19 -3,700 -4,135 -435
Deduction for costs of administration 20 474 508 34
Total Change in pension liability -369,956 -130,213 239,743
Net income/-loss for the year 5,556 2,829 -2,727
  1. A negative item (-) increases the pension liability, and a positive item decreases it, by the amount shown.

Table 2.4 Balance sheet
millions of SEK
Note 2019 2020 Change
Assets Insurance assets Fund insurance 21 1,461,732 1,583,021 121,289
Traditional insurance 21 46,431 53,380 6,949
Temporary management 21 40,886 41,568 682
Total Insurance Assets 1,549,049 1,677,969 128,920
Other assets 22 7,348 11,093 3,745
Total Assets 1,556,397 1,689,062 132,665
Liabilities and results brought forward Closing results brought forward Opening results brought forwarda 11,206 15,775 4,569
Net income/-loss for the year 5,556 2,829 -2,727
Total Closing results brought forward 23 16,762 18,604 1,842
Liabilities Pension liability 24 1,532,161 1,659,599 127,438
Other liabilities 25 7,474 10,859 3,385
Total Liabilities 1,539,635 1,670,458 130,823
Total Liabilities and results
brought forward 		1,556,397 1,689,062 132,665
  1. Opening results brought forward differs from Closing results brought forward last year, see Note 23.

Inkomstpension and Premium Pension, Income statement and Balance sheet

Table 2.5 Income Statement
millions of SEK
2019 2020 Change
Change in fund assets Pension contributions 334,526 341,226 6,700
Pension disbursements -325,666 -340,294 -14,628
Return on funded capital 582,229 234,509 -347,720
Costs of administration -2,354 -2,300 54
Total Change in fund assets 588,735 233,141 -355,594
Change in contribution asset Value of the change in contribution
revenue 		331,755 182,990 -148,765
Value of change in turnover duration 40,243 93,798 53,555
Total Change in contribution asset 371,998 276,788 -95,210
Change in pension liabilitya New pension credit -347,635 -350,121 -2,486
Pension disbursements 325,666 340,285 14,619
Indexation -605,088 -438,757 166,331
Value of the change in life expectancy -31,559 -10,503 21,056
Inheritance gains arising 16,333 16,270 -63
Inheritance gains distributed -19,397 -18,733 664
Deduction for costs of administration 2,147 2,326 179
Total Change in pension liability -659,533 -459,233 200,300
Net income/-loss for the year 301,200 50,696 -250,504
  1. A negative item (-) increases the pension liability, and a positive item decreases it, by the amount shown.

Table 2.6 Balance sheet
millions of SEK
2019 2020 Change
Assets Fund assets 1,596,342 1,696,441 100,099
Insurance assets 1,549,049 1,677,969 128,920
Other assets 7,348 11,093 3,745
Contribution assets 8,616,216 8,893,004 276,788
Total Assets 11,768,955 12,278,507 509,552
Liabilities and results brought forward Closing results brought forward Opening results brought forwarda 473,891 774,105 300,214
Net income/-loss for the year 301,201 50,696 -250,505
Total Closing results brought forward 775,092 824,801 49,709
Liabilities Pension liability 10,986,389 11,442,847 456,458
Other liabilities 7,474 10,859 3,385
Total Liabilities 10,993,863 11,453,706 459,843
Total Liabilites and results
brought forward 		11,768,955 12,278,507 509,552
  1. Opening results brought forward differs from Closing results brought forward last year, see Note 23.

Updated