Annual Report IPF 2021 - Flipbook - Side 6
INDUSTRIENS PENSIONSFORSIKRING A/S
ANNUAL REPORT 2021
FINANCIAL AND OPERATING DATA, SUMMARY OF FINANCIAL STATEMENTS
Balance sheet
Total assets increased by DKK 32.9 bn. from DKK
205.7 bn. at the end of 2020 to DKK 238.6 bn. at
the end of 2021. Over the past five years, the
company’s total assets have grown by DKK 81.2
bn.
Total provisions for insurance and investment
contracts amounted to DKK 219.5 bn. at the end
of 2021. Of this amount, provisions for the
market-rate scheme totalled DKK 202.8 bn. while
provisions in the average-rate environment, which
only includes pensioned members, amounted to
DKK 7.4 bn., including individual as well as
collective bonus potentials. Furthermore, there
are provisions for sickness and accident insurance
of DKK 9.2 bn. In the market-rate scheme, returns
are allocated to members in full in the year they
are earned, while members on the average rate
are allocated a specific rate of interest on their
savings, which in 2021 was set at 3.5% (after tax).
Equity rose in 2021 to DKK 6.5 bn., and total own
funds thus amounted to DKK 11.0 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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