Page 29 - Sector Alarm Annual Report 2020

earnings before tax were NOK 765 million and the annual profit was NOK 816 million. The Equi- ty was NOK 3.644 million. The parent company’s profits of NOK 816 million will be allocated to other equity.
The main financial risk for Sector Alarm is currency exposure and relate to a mismatch between currencies for positive cash flows and outstanding debt. Currently the main sources for positive cash flows are NOK and SEK while outstanding debt is largely in EUR following the refinanc- ing in the Term Loan B market
in June 2019. Sector Alarm is therefore exposed to EUR appre- ciation that would imply higher NOK and/or SEK payments in the future to manage the debt. Reference is also made to the discussion of financial risk management in note 3.
In Sector Alarm Holding AS there was 35 employees at year end,
of which 37% were women, while Sector Alarm in total had 2.345
employees with 31% women. In Sector Alarm Holding all employ- ees are working full-time posi- tions, and the average parental leave for women were 16 weeks and 15 weeks for men. In Norway, women represented 26% of the workforce, in Sweden 27%, in Ireland 33%, in Finland 26%, in Spain 45% and in France 29%. Sector Alarm endeavor equal gender distribution and has female employees in manage- ment positions in all countries. Total sick leave in Sector Alarm was 4.3% in 2020 compared to 4,4% in 2019. The Group had
60 reported incidents in 2020 compared to 74 incidents in 2019 (excluding AVARN).
Sector Alarm works on an ongoing basis to prevent discrimination that may be an obstacle to equality. Gender equality is part of the systematic HSE activities and takes place
in collaboration with the employ- ees, represented by the safety service and the working environ- ment committee (AMU). Sector
Alarm’s Code of Conduct states that efforts shall be made to ensure that all employees have a working environment that is free from discrimination, harass- ment and bullying.
Sector Alarm strives for equal employment opportunities and diversity in the workplace. This requirement applies in relation to all unequal treatment, exclusion, or preference of an individual
or group, for example based on gender, race, disability, age, reli- gion, sexual orientation, political views, national, ethnic or social origin. Sector Alarm follows these principles in all areas of employment, including when we recruit, hire, train, promote and reward our employees.
The work environment in Sector Alarm is good and the Employee Survey that is conducted every 18 months confirms that Sector Alarm is top in class in Europe when it comes to staff motiva- tion, loyalty and satisfaction. The Employee Survey is also
Sector Alarm / Annual Report 2020