2. TÉCNICAS INSTRUMENTALES I: CARACTERIZACIÓN ESTRUCTURAL, MICROSCÓPICA Y TÉRMICA PROCESAMIENTO DE LOS MATERIALES.
2.1.3. Dispositivos experimentales.
2.1.3.1. Difracción de rayos-X de laboratorio de polvo, DRXLP.
Investments
Property, plant and equipment 0 177 65 0 242
intangible assets 37 0 5 0 42
Financial assets 0 0 2 0 2
Total investments 37 177 72 0 286
Depreciation of property, plant and equipment –4 –227 –41 0 –272
amortization of intangible assets –45 –7 –7 0 –59
impairment –3 –15 0 0 –18
Total amortization and impairment losses –52 –249 –48 0 –349
THE GROuP 2009
Operating segments as per the prior definition,
SEK millions Pay-Tv Tv and radio
Co-Location, Service and Capacity elimination Total continuing operations Broadband Total incl. divested operations Income
Sales to external customers 2,415 615 381 0 3,411 133 3,544
Sales between segments 0 374 43 –420 –3 3 0
Total income 2,415 989 424 –420 3,408 136 3,544
Net profit/loss
Operating profit/loss 128 295 73 0 496 –16 480
Capital loss on sale of Group company 0 –66 –66
Finance income and expenses –13 0 –13
Profit (loss) before taxes 483 –82 401
income tax –214 4 –210
Profit (loss) for the year 269 –78 191
Assets
assets belonging to the segment 1,010 2,242 848 0 4,100 0 4,100
non-distributed assets 90 0 90
Total assets 4,190 0 4,190
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THE GROuP 2009
Operating segments as per the prior definition,
SEK millions Pay-Tv Tv and radio
Co-Location, Service and Capacity elimination Total continuing operations Broadband Total incl. divested operations Liabilities
Liabilities belonging to the segment 926 884 249 0 2,059 0 2,059
non-distributed liabilities 446 0 446
Total liabilities 2,505 0 2,505
Other segment information Investments
Property, plant and equipment 7 142 12 0 161 28 189
intangible assets 73 4 1 0 78 0 78
Financial assets 0 0 20 0 20 0 20
Total investments 80 146 33 0 259 28 287
Depreciation of property, plant and equipment –4 –189 –76 0 –269 –31 –300
amortization of intangible assets –16 0 –8 0 –24 –25 –49
impairment 0 0 12 0 12 0 12
Total amortization and impairment losses –20 –189 –72 0 –281 –56 –337
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wOrK PerFOrMeD By The COMPany FOr iTS Own USe anD CaPiTaLiZeDwork performed by the company for its own use and capitalized consists of labor costs that are directly related to investments in property, plant and equipment.
nOTE 06
PerSOnneLThe Group CompanyParent
Personnel expenses,
SEK thousands 2010 2009 2010 2009
Salaries and other remuneration 364,200 338,162 262,712 247,302 Social security expenses 160,264 153,868 148,452 144,519 (of which pension expenses) (47,412) (38,430) (51,138) (47,673)
Total 524,464 492,030 411,164 391,821
Continuation Note 4
Wages and other remuneration distributed by country and between Board members, the Group CEO/President and other employees
2010 2009* SEK thousands Board members, President/CeO and senior
executives employeesOther Total
Board members, President/CeO and senior
executives employeesOther Total
Parent Company
Sweden 10,092 252,620 262,712 4,719 242,583 247,302
Total in the Parent Company 10,092 252,620 262,712 4,719 242,583 247,302
Subsidiaries and sales offices
Sweden 212 45,364 45,576 2,561 46,875 49,436
Denmark 2,582 33,119 35,701 1,364 16,009 17,373
Finland 1,616 18,595 20,211 2,233 21,818 24,051
Total in subsidiaries and sales offices 4,410 97,078 101,488 6,158 84,702 90,860
Total in the Group 14,502 349,698 364,200 10,877 327,285 338,162
*) information pertaining to 2009 has been recalculated because changes were made to the Teracom Group’s team of senior executives during 2010. For more information, please see the text, “remuneration to senior executives”.
TERACOM GROuP | annual report 2010
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The Group CompanyParent
Pension expenses,
SEK thousands 2010 2009 2010 2009
Defined benefit plans 12,782 10,229 25,803 29,161 Defined contribution
pension plans 34,630 28,201 25,335 18,512
Total 47,412 38,430 51,138 47,673
included in the defined benefit pension plans listed in the table above are TeL pension premiums in the amount of SeK 3 (4) million for employees in Finland.
no bonuses or comparable remuneration have been paid to the Group management team, Board members or persons with the title of president, managing director or executive vice president within the Group.
Of the total pension expenses for the Parent Company, SeK 896 (882) thousand was for the Board members, the President/CeO and the execu- tive vice President.
Of the Group’s pension expenses, SeK 1 486 (2 247) thousand was for the Board of Directors and persons with the title of president, managing director or executive vice president within the Group. Outstanding pension obligations to these individuals are SeK 0 (0) thousand.
remuneration paid to Åsa Sundberg, Chairman of the Board, was SeK 210 (190) thousand. apart from the fee that the annual General Meeting established for Board members and the fee that the Board of Directors established for employee representatives on the Board, no remuneration was paid in 2010. Crister Fritzson, Group CeO, received SeK 3 073 (3 047) thousand in total salary, remuneration and other benefits. Crister Fritzson has also been assured of pension benefits corresponding to monthly pen- sion premium payments amounting to 30 percent of his base salary. The retirement age for Crister Fritzson is 65.
Other senior managers of the Parent Company are subject to the same pension rules that apply to the other employees of the Company (iTP-Tele and a retirement age of 65). Senior managers of the Parent Company (including the President) received a total of SeK 7 632 (13 423) thousand in salary, remuneration and other benefits.
REMuNERATION TO SENIOR EXECuTIVES Principles
Changes were made to the Teracom Group’s team of senior executives due to reorganization of the Group management team in March 2010. Senior executives are individuals who belong to the Group management team. Before, the definition of this was the Parent Company’s management team (not including the President/CeO) and the President or managing director of each subsidiary. Figures for the comparison year have been recalculated to reflect the new organization.
The Chairman of the Board and the Board members receive an annual fee that is decided at the annual General Meeting. For the Chairman, the annual fee was SeK 190 (190) thousand and for Board members, the annual fee was SeK 95 (95) thousand. a fee is paid for participation in the audit committee in the amount of SeK 60 (60) thousand to the Chairman and SeK 30 (40) thousand to each committee member. a fee is paid for partici- pation in the remuneration committee in the amount of SeK 30 (0) thou- sand to the Chairman and SeK 15 (0) thousand to each committee member. This fee is not based on the calendar year, rather, the period May through april. in addition, Board members are compensated for expenses arising in conjunction with company business.
The President/CeO and executive vice President receive a market- competitive salary, company car (only the President/CeO), premium-based pension benefits in addition to what is stipulated in the Swedish national insurance act, health insurance, individually negotiated terms for termina- tion of employment and severance pay. Senior executives refers to the 9 (4) persons in the Group who, at some point during 2010 belonged to the Group management team, excluding the President/CeO and executive vice President. all pension plans for senior executives are vesting. Senior execu- tives in the subsidiaries are persons holding the title of president or man- aging director at each company.
Teracom’s Board of Directors is responsible for appointing the Presi- dent/CeO and establishing the terms of employment. The Board of Direc- tors complies with Government guidelines regarding remuneration to sen- ior executives.
Remuneration and benefits paid in 2010 to senior executives, SEK thousands
Position name salaryBasic Other remuneration and benefits Total expensePension Comment notice period Severance pay Group CeO and President of Teracom aB Crister Fritzson 2,760 313 3,073 896 6 months 18 months executive vice President of Teracom aB Gunilla Berg 400 5 405 0 2010-11-01Started on 6 months 12 months
Senior executives 9 persons 9,365 779 10,144 3,210
Total 12,525 1,097 13,622 4,106
Remuneration and benefits paid in 2009 to senior executives, SEK thousands
Position name salaryBasic Other remuneration and benefits Total expensePension Comment notice period Severance pay Group CeO and President of Teracom aB Crister Fritzson 2,775 272 3,047 882 6 months 18 months
Senior executives 4 persons 6,642 249 6,891 1,069
Total 9,417 521 9,938 1,951
Comments about the table
– remuneration to the President/CeO, executive vice President and other senior executives consists of a base salary, other benefits and a pension. – all amounts are excluding social security contributions and payroll tax. – Basic salary refers to the fixed monthly salary.
– Other remuneration and benefits refers to vacation pay, deductions/benefits for absence due to illness, parental leave deductions/benefits, subsidized lunch coupons, company cars, including fuel and parking benefits (only for senior executives that have opted out of having a company car). – Pension expenses also include health insurance for the President/CeO and
other senior executives.
– The stated notice period is for termination initiated by the company. – The Group’s auditors have conducted a special review of remuneration to
senior executives.
– Senior executives include persons that belong to, or have belonged to, the Group management team.
Notice period and severance pay
Between the Company and the President/CeO, Crister Fritzson, a notice period of six months applies, regardless of whether termination is initiated by the Company or by the President.
if employment termination is initiated by the Company, the President/ CeO receives severance pay in accordance with the above table. Severance pay is offset against other income.
if employment termination is initiated by the President/CeO, there is accordingly no severance pay.
The same terms apply to the executive vice President and CFO, Gunilla Berg. The remuneration to the President/CeO for the 2010 financial year was established by the Board of Directors. remuneration to other senior execu- tives was decided by the President/CeO in consultation with the Chairman of the Board.
Continuation Note 6
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Remuneration to Board of Directors in 2010, SEK thousands
Position name Comment Board fee Other remuneration
Chairman of the Board Åsa Sundberg 190 20
Board member Kristina axberg Bohman 95 60
Board member Maria Curman 95 10
Board member ingrid engström 95 10
Board member Lars Grönberg 95 20
Board member Tobias henmark 32 13
Board member Urban Lindskog 95 33
employee representative John-Olof Blomkvist 12 0
employee representative Claes-Göran Persson 5 0
employee representative, deputy Stig-arne Celin 0 0
employee representative, deputy Stefan Thylander 0 0
Total 714 166
Remuneration to Board of Directors in 2009, SEK thousands
Position name Comment Board fee Other remuneration
Chairman of the Board Åsa Sundberg 190 0
Board member Kristina axberg Bohman 95 60
Board member Maria Curman 95 0
Board member ingrid engström 95 0
Board member Lars Grönberg 95 0
Board member Tobias henmark 95 40
Board member Urban Lindskog 95 40
employee representative John-Olof Blomkvist 22 0
employee representative Claes-Göran Persson 18 0
employee representative, deputy Stig-arne Celin 0 0
employee representative, deputy Stefan Thylander 0 0
Total 800 140
Average number of employees and gender distribution
2010 2009
Average number of employees Men women Total Men women Total
Parent Company
Sweden 398 (79%) 108 (21%) 506 398 (78%) 110 (22%) 508
Total in the Parent Company 398 (79%) 108 (21%) 506 398 (78%) 110 (22%) 508
Subsidiaries and sales offices
Sweden 44 (59%) 30 (41%) 74 46 (58%) 33 (42%) 79
Denmark 77 (79%) 21 (21%) 98 10 (56%) 8 (44%) 18
Finland 15 (52%) 14 (48%) 29 18 (55%) 15 (45%) 33
Total in subsidiaries and sales offices 136 (68%) 65 (32%) 201 74 (57%) 56 (43%) 130
Total in the Group 534 (76%) 173 (24%) 707 472 (74%) 166 (26%) 638
Proportion of male
Board members in senior managementProportion of men
Proportion at year-end and gender distribution 2010 2009 2010 2009
Parent Company 60% 60% 80% 60%
Subsidiaries 78% 100% 78% 83%
Total in the Group 71% 81% 79% 76%
The calculation of the proportion of men on the Board includes the President and is based on the number of members elected by the annual General Meeting.
Continuation Note 6
TERACOM GROuP | annual report 2010
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Employee absence due to illness
in accordance with the annual accounts act, the company reports absence due to illness for the Parent Company’s employees in Sweden. approxi- mately 72 (80) percent of all employees in the Group belong to the Parent Company.
absence related to the care of children is not included in absence due to illness figures.
Parent Company
Absence due to illness in relation to regular work time % 2010 2009
Total absence due to illness 1.7 2.0
women, 60 days or more of total absence due to illness 9.9 7.6 Men, 60 days or more of total absence due to illness 7.6 20.0
Total absence due to illness, 60 days or more of total
absence due to illness 17.5 27.6
absence due to illness for women 2.8 2.6 absence due to illness for men 1.4 1.8 absence due to illness for employees 29 years old and younger 2.2 1.5 absence due to illness for employees 30–49 years old 1.7 1.7 absence due to illness for employees 50 years old and above 1.7 2.6
nOTE 07
PenSiOnSa majority of the Group’s employees are primarily covered by defined benefit pension plans, which means that they are guaranteed a pension that corre- sponds to a certain percentage of their salary. The pension plans include a retirement pension, a disability pension and a survivor pension. employees of Boxer Tv-access aB are entitled to pension benefits in accordance with the iTP pension plan, which is secured through insurance with alecta. Other employees within the Group in Sweden are covered by the iTP-Tele pension plan. Pension obligations are calculated annually as per the reporting date, based on actuarial assumptions. Pension obligations are secured through provisions in the balance sheet and through insurance premiums.
in Finland, employees are entitled to statutory pensions benefits in accordance with Finnish legislation on pensions for employees, a defined benefit pension plan (TeL pension). The pension benefits have been secured through insurances and do not fall within the scope of iaS 19. employees in Denmark are covered by a defined contribution pension plan. Pension benefits are secured through insurances.
in addition to the iTP plan, there is a pension liability that Teracom assumed from the former Swedish PTT when it was incorporated in 1992. The liability consists of a non-vesting and a vesting portion. The non- vesting liability refers to employees whose retirement age is 60 or 63 and is also referred to as a liability under government-defined transitional rules. The vesting liability refers to employees’ pensions starting at 65 years of age and retirement pensions. employees hired after incorporation have an insurance-only solution as of 65 years of age. retirement pensions to employees who have been invited to take early retirement are secured through provisions in the balance sheet or insurances and are paid as a retirement pension until the person reaches 65 years of age.
actuarial gains and losses are taken up as income over the employee’s remaining period of employment to the extent that the total gain or loss per plan falls outside the 10 percent corridor corresponding to the higher of the pension obligation and the fair value of the managed assets for each plan, respectively. The cost related to service during the current year refers to the capital value of earned pension benefits during the year as calcu- lated by the Projected Unit Credit Method.
Total pension expenses are distributed as follows:
The Group
Pension expense for the period 2010 2009 Forecast 2011
Cost related to service during the current year 11 11 7
interest expense 18 13 20
expected return on managed assets –12 –21 –13
Change in asset reduction (iaS 19.58b) 27 0 2
actuarial profit/loss (+/–) to report for the year –22 3 1
Total cost for defined benefit plans 22 6 17
Pension expense to report in the income statement 22 6 17
Other effects to report in the income statement
reductions, profit/loss (–/+) –9 –1 0
Total –9 –1 0
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Detailed description of pension obligations and pension expense
Pension obligations, managed assets and receivables/provisions for pension obligations as well as actuarial gains/loss for defined benefit pension plans have developed as follows:
The Group
Pension liability 2010 2009 Forecast 2011
Present value of wholly or partially funded obligations (+) 389 469 401
Fair value of managed assets –424 –401 –438
Net value of wholly or partially funded obligations (+/–) –35 68 –37
Present value of unfunded obligations (+) 8 25 5
Present value of net obligation (+/–) –27 93 –32
Unaccounted actuarial gain/loss (+/–) –51 –133 –50
effect of the limitation rule for net assets 27 0 29
Pension liability/asset to report in the balance sheet –51 –40 –53
Present value of defined benefit plans 2010 2009 Forecast 2011
Present value of the obligation on 1 January 494 454 397
Cost related to service during the current period 11 11 7
interest expense 18 13 20
Paid remuneration –21 –25 –18
reductions and adjustments –10 –1 0
actuarial profit/loss on the obligation (+/–) –95 42 0
Present value of the obligation on 31 December 397 494 406
Return on managed assets 2010 2009 Forecast 2011
expected return on managed assets 12 21 13
actuarial profit/loss on the managed assets (+/–) 8 –11 0
Actual return on managed assets 20 10 13
Managed assets 2010 2009 Forecast 2011
Fair value of managed assets on 1 January 401 371 424
expected return on managed assets 12 21 13
Fees/premiums (+) 16 31 15
Paid remuneration (–) –13 –11 –14
actuarial profit/loss (+/–) on managed assets 8 –11 0
Fair value of managed assets on 31 December 424 401 438
Reconciliation of change in pension liability 2010 2009 Forecast 2011
net liability/asset on 1 January –40 0 –51
Pension expense for the period 22 6 17
Paid remuneration (–) –21 –25 –18
avgifter, premier (–) –16 –31 –15
reimbursement (+) 13 11 14
reductions and adjustments –9 –1 0
Net liability/asset on 31 December –51 –40 –53
2010 2009 Forecast 2011 accumulated unaccounted actuarial profits /losses (+/–) on 1 January –133 –83 –51
reported actuarial profits/losses (+/–) during the year –22 3 1
Profit/loss (+/–) on obligation 95 –42 0
Profit/loss (+/–) on managed assets 8 –11 0
Profit/loss (+/–) on reductions and adjustments 1 0 0
Accumulated unaccounted actuarial profits /losses (+/–) on 31 December –51 –133 –50
Number entitled to pension on 1 January 2010 2009 Forecast 2011
employees 512 605 504
vested benefits 729 694 743
retired persons 228 188 256
Total 1,469 1,487 1,503
Continuation Note 7
TERACOM GROuP | annual report 2010
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Five-year overview 2010 2009 2008 2007 2006
Present value of the obligation (+) 397 494 454 478 480
Fair value of managed assets (–) –424 –401 –371 –358 –347
Present value of net obligation (+/–) –27 93 83 120 133
Profit/loss (+/–) on the obligation, actual effects 7 –22 7 –7 –3
Profit/loss (+/–) on managed assets, actual effects 8 –11 –14 3 –4
Managed assets 2010 2009 2008 2007 2006
insurance contract 424 401 371 358 347
The annual fees for pension insurance with alecta (reported as a defined contribution plan) were SeK 7 (9) million. alecta’s surplus may be distrib- uted amongst the policy holder(s) and/or the insured. as of 31 December 2010, alecta’s surplus in the form of the collective funding ratio amounted to 146 (141) %. The collective funding ratio was calculated in accordance with iaS19.
Actuarial assumptions
The actuarial calculation of the Group’s pension obligations and pension costs is based on the following key assumptions stated as weighted aver- ages for the various pension plans. a change in any of these fundamental assumptions can have a significant impact on calculated pension obliga- tions, financing requirements and pension costs.
Actuarial assumptions 2010 2009 Forecast 2011
Discount rate (%) 5.00 3.80 5.00
annual salary increase (%) 3.00 3.00 3.00
increase in the income base amount (%) 3.00 3.00 3.00
inflation/annual increase in pension benefits (%) 2.00 2.00 2.00
Termination rate (%) 3.00 3.00 3.00
expected remaining term of service (years) 18.8 16.5 17.8
expected return on managed assets (%) 3.00 3.00 3.00
Discount rate
The interest rate used to discount both funded and unfunded obligations for remuneration after the employment has been terminated. when establishing the discount rate, consideration is given to the market yield on mortgage bonds with the same maturities as the obligation as of the closing date.
Annual salary increase
The assessment of the annual salary increase reflects anticipated future salary increases as a combined effect of inflation, period of service, promotion and other relevant factors such as supply and demand in the labor market.
Increase in the income base amount
The income base amount, set annually, is used to determine the pension- able income ceiling in the national pension system. The assessment is based on the anticipated rate of inflation and historical salary trend of the entire labor market.
Inflation/annual increase in pension benefits
The assumption is based upon the expected rate of inflation in the market.
Termination rate
historical information has been used in order to make an assessment of the termination rate. Teracom has used this information to estimate the future termination rate.
Expected remaining term of service
The average expected remaining term of service. This calculation is based upon the age distribution for employees and the expected future rate of employee turnover.
Expected return on plan assets
The assessment is based on the average expected return on existing and future plan assets.
Mortality rate
assumptions regarding the mortality rate are in accordance with the Swedish Financial Supervisory authority’s regulation, DUS06 (DUS06).
Continuation Note 7
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Remuneration to employees (as per RFR 2.2) Parent Company
Specification of amounts reported in the balance sheet have been calcu- lated as follows:
2010 2009