| Group | Parent Company | ||||
| SEK million | 2012 | 2011 | 2012 | 2011 | |
| Provisions for pensions | 10 | 11 | 9 | 10 | |
| Subordinated debentures | 15 | 15 | 15 | 15 | |
| Retailer collateral | 7 | 9 | 7 | 9 | |
| Other non-current liabilities | — | 1 | — | — | |
| Total | 32 | 36 | 31 | 34 | |
Subordinated loan consists of funds provided by the owner in conjunction with the construction of the Company’s property in Visby. In certain cases, AB Svenska Spel requires retailer collateral based on individual assessment of each retailer which is held for the duration the retailer is active, hence making it a noncurrent liability.
Pension provisions are calculated in the Parent Company according to the Pension Obligations Vesting Act and reported in the balance sheet as a non-current liability.
Alecta manages large portions of the ITP plans, which are insured via Collectum. Alecta’s consolidation level was 130% (113) on 31 December 2012. The consolidation level is determined as the fair value of managed assets as a percentage of liabilities based on Alecta’s actuarial assumptions. Alecta’s calculation does not currently conform with the basis of calculation in IAS 19. In 2012, costs for the Group’s pension insurance amounted to SEK 63.7 million (71.4), of which those taken out with Alecta amounted to SEK 36.2 million (34.6).
The funds at the disposal of Svenska Spel’s Pension Fund do not fully cover Svenska Spel’s pension commitments. The difference is recognised as a non-current liability in the balance sheet.
