Saab 2010 Annual Report Download - page 111

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NOTE 38
PROVISIONS
Group
MSEK 31-12-2010 31-12-2009
Provisions that are long-term liabilities
Obligations related to regional aircraft 1,199 1,169
Expenditures for restructuring measures 290 141
Loss contracts 401 541
Other 317 295
Total 2,207 2,146
Provisions that are current liabilities
Obligations related to regional aircraft 102 108
Expenditures for restructuring measures 254 158
Loss contracts 97 176
Other 339 311
Total 792 753
Parent Company
MSEK 31-12-2010 31-12-2009
Obligations related to regional aircraft 451 480
Expenditures for restructuring measures 248 69
Loss contracts 490 680
Other 276 284
Total 1,465 1,513
Obligations related to regional aircraft
MSEK Group
Parent
Company
Opening balance, 1 January 2010 1,277 480
Amount utilised during the year -29 -29
Translation differences and other 53 -
Closing balance, 31 December 2010 1,301 451
Expenditures for restructuring measures
MSEK Group
Parent
Company
Opening balance, 1 January 2010 299 69
Provisions during the year 432 244
Amount utilised during the year -254 -149
Reversal of unutilised amount -14 -1
Reclassification 81 85
Closing balance, 31 December 2010 544 248
Loss contracts
MSEK Group
Parent
Company
Opening balance, 1 January 2010 717 680
Provisions allocated during the year 111 121
Amount utilised during the year -313 -293
Reversal of unutilised amount -13 -13
Reclassification -6 -5
Translation differences and other 2 -
Closing balance, 31 December 2010 498 490
Summary of compensation and other benefits during 2010
SEK Base salary/Board fee
Variable
compen sation Other benefits Pension cost Total
Provisions 2010 for
long-term variable
compensation at
estimated outcome
Chairman of the Board 1,100,000 - 80,000 - 1,180,000 -
Other Board members 2,975,000 - 485,0001) - 3,460,000 -
President and CEO Åke Svensson 5,933,537 1,123,200 15,178 1,626,631 8,698,546 -
President and CEO Håkan Buskhe 2,927,140 - 31,326 1,391,089 4,349,555 14,237
Other senior executives 34,534,548 2,661,160 684,594 14,076,215 51,956,517 1,210,056
Total 47,470,225 3,784,360 1,296,098 17,093,935 69,644,618 1,224,293
1) Excluding consultant’s fee payed to member of the Board.
Guidelines for remuneration and other benets for senior executives are described in the nancial review.
Summary of compensation and other benefits during 2009
SEK Base salary/Board fee
Variable
compen sation Other benefits Pension cost Total
Provisions 2009 for
long-term variable
compensation at
estimated outcome
Chairman of the Board 1,100,000 - 80,000 - 1,180,000 -
Other Board members 2,550,000 - 485,0001) - 3,035,000 -
President and CEO Åke Svensson 5,686,270 588,600 19,024 2,444,434 8,738,328 380,324
Other senior executives 29,002,603 1,619,100 785,780 10,511,594 41,919,077 1,225,455
Total 38,338,873 2,207,700 1,369,804 12,956,028 54,872,405 1,605,779
1) Excluding consultant’s fee paid to Board member.
NOTE 37 CONT.
FINANCIAL INFORMATION > NOTES
108 SAAB ANNUAL REPORT 2010