Note 14 Taxes
Recognized in the income statement
| Group, MSEK | 2021 | 2020 | |
| Koncernen, Mkr | 2021 | 2020 | |
| Current tax expenses/income | Aktuell skattekostnad/skatteintäkt | ||
| Tax expenses for the year | Årets skattekostnad | -423 | -421 |
| Adjustment of tax attributable to previous years | Justering av skatt hänförlig till tidigare år | 0 | -5 |
| -423 | -426 | ||
| Deferred tax expenses/income | Uppskjuten skattekostnad/skatteintäkt | ||
| Temporary differences | Temporära skillnader | 19 | -88 |
| Capitalized tax value of loss carry-forwards during the year | Under året aktiverat skattevärde i underskottsavdrag | 15 | 1 |
| Utilisation of capitalized tax value of loss carry-forwards | Utnyttjande av aktiverat skattevärde i underskottsavdrag | -159 | -51 |
| Changed tax rates | Förändrade skattesatser | – | 1 |
| Revaluation of recognized deferred tax values | Omvärdering av redovisade värden av uppskjutna skatter | 0 | -1 |
| Tax reduction investments in equipment | Skattereduktion investeringar i inventarier | 23 | – |
| -102 | -138 | ||
| Total recognized tax expenses in the Group | Totalt redovisad skattekostnad i koncernen | -525 | -564 |
| Parent company, MSEK | 2021 | 2020 | |
| Moderbolaget, Mkr | 2021 | 2020 | |
| Current tax expenses/income | Aktuell skattekostnad/skatteintäkt | ||
| Tax expenses for the year | Årets skattekostnad | -294 | -211 |
| -294 | -211 | ||
| Deferred tax expenses/income | Uppskjuten skattekostnad/skatteintäkt | ||
| Temporary differences | Temporära skillnader | 15 | 6 |
| 15 | 6 | ||
| Total recognized tax expenses in the parent company | Totalt redovisad skattekostnad i moderbolaget | -279 | -205 |
Reconciliation of effective tax
| Group, MSEK | 2021 | 2021 (%) | 2020 | 2020 (%) | |
| Koncernen, Mkr | 2021 | 2021 (%) | 2020 | 2020 (%) | |
| Pre-tax profit | Resultat före skatt | 2,902 | 3,745 | ||
| Tax in accordance with tax rate for the parent company | Skatt enligt gällande skattesats för moderbolaget | -598 | 20.6 | -801 | 21.4 |
| Effect of other tax rates for foreign subsidiaries | Effekt av andra skattesatser för utländska dotterföretag | 2 | -0.1 | 5 | -0.1 |
| Non-deductible expenses | Ej avdragsgilla kostnader | -82 | 2.8 | -46 | 1.2 |
| Tax exempt income | Ej skattepliktiga intäkter | 65 | -2.2 | 239 | -6.4 |
| Deductible non profit-influencing items | Avdragsgilla/skattepliktiga, ej resultatpåverkande poster | 27 | -0.9 | 16 | -0.4 |
| Revaluation of reported deferred tax values | Omvärdering av redovisade värden av uppskjutna skatter | 0 | 0.0 | -1 | 0.0 |
| Utilized non-capitalized loss carry-forwards | Utnyttjade ej aktiverade underskottsavdrag | 1 | 0.0 | 1 | 0.0 |
| Tax attributable to previous years | Skatt hänförlig till tidigare år | 0 | 0.0 | -5 | 0.1 |
| Changed tax rates | Förändrade skattesatser | – | – | 1 | 0.0 |
| Increase in loss carry-forwards without corresponding capitalization of deferred tax | Ökning av underskottsavdrag utan motsvarande aktivering av uppskjuten skatt | -5 | 0.2 | -1 | 0.0 |
| Effect net profit of joint ventures | Effekt nettoresultat joint ventures | 42 | -1.5 | 28 | -0.7 |
| Tax reduction investments in equipment | Skattereduktion investeringar i inventarier | 23 | -0.8 | – | – |
| Recognized effective tax | Redovisad effektiv skatt | -525 | 18.1 | -564 | 15.1 |
| Parent company, MSEK | 2021 | 2021 (%) | 2020 | 2020 (%) | |
| Moderbolaget, Mkr | 2021 | 2021 (%) | 2020 | 2020 (%) | |
| Pre-tax profit | Resultat före skatt | 1,522 | 1,509 | ||
| Tax according to tax rate for the parent company | Skatt enligt gällande skattesats för moderbolaget | -313 | 20.6 | -323 | 21.4 |
| Non-deductible expenses | Ej avdragsgilla kostnader | -4 | 0.3 | -4 | 0.3 |
| Tax exempt income | Ej skattepliktiga intäkter | 13 | -0.9 | 107 | -7.1 |
| Deductible non profit-influencing items | Avdragsgilla ej resultatpåverkande poster | 25 | -1.7 | 15 | -1.0 |
| Recognized effective tax | Redovisad effektiv skatt | -279 | 18.3 | -205 | 13.6 |
Tax attributable to other comprehensive income
| Pre-tax | Tax | After tax | Pre-tax | Tax | After tax | ||
| Group, MSEK | 2021 | 2020 | |||||
| Före skatt | Skatt | Efter skatt | Före skatt | Skatt | Efter skatt | ||
| Koncernen, Mkr | 2021 | 2020 | |||||
| Translation difference for the year foreign operations | Årets omräkningsdifferens utländska verksamheter | 184 | – | 184 | -194 | -20 | -214 |
| Cash flow hedges | Kassaflödessäkringar | 6 | -1 | 5 | 5 | -1 | 4 |
| Other comprehensive income | Övrigt totalresultat | 190 | -1 | 189 | -189 | -21 | -210 |
Reported on the balance sheet
Deferred tax recoverables and tax liabilities
| Deferred tax recoverables | Deferred tax liabilities | Net | Changes recognized in profit/loss for the year | ||||||
| Group, MSEK | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |
| Uppskjuten skattefordran | Uppskjuten skatteskuld | Netto | Förändringar redovisade i årets resultat | ||||||
| Koncernen, Mkr | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |
| Intangible assets | Immateriella anläggningstillgångar | -90 | -71 | -90 | -71 | -5 | 24 | ||
| Tangible assets | Materiella anläggningstillgångar | -794 | -806 | -794 | -806 | 26 | -106 | ||
| Investment property | Förvaltningsfastigheter | -5 | -5 | -5 | -5 | 0 | -4 | ||
| Financial fixed assets | Finansiella anläggningstillgångar | 2 | 2 | 2 | 2 | 0 | 1 | ||
| Project and development properties | Projekt- och exploateringsfastigheter | -1,205 | -988 | -1,205 | -988 | -193 | 487 | ||
| Inventories | Varulager | -1 | -1 | -1 | -1 | 3 | 4 | ||
| Accounts receivable | Kundfordringar | 23 | 31 | 23 | 31 | -10 | -66 | ||
| Worked-up not invoiced income | Upparbetad ej fakturerad intäkt | 172 | 210 | 172 | 210 | -45 | 44 | ||
| Other receivables | Övriga fordringar | 74 | 89 | 74 | 89 | -16 | 0 | ||
| Interest-bearing liabilities | Räntebärande skulder | 1,553 | 1,100 | 1,553 | 1,100 | 448 | -434 | ||
| Provisions for pensions | Pensionsavsättningar | 274 | 252 | 274 | 252 | 22 | 25 | ||
| Provisions | Avsättningar | 146 | 172 | 146 | 172 | -30 | 31 | ||
| Invoiced income not worked-up | Fakturerad ej upparbetad intäkt | -92 | -66 | -92 | -66 | -26 | 1 | ||
| Other liabilities | Övriga skulder | 345 | 399 | 345 | 399 | -54 | -30 | ||
| Loss carry-forwards | Underskottsavdrag | 153 | 287 | 153 | 287 | -144 | -49 | ||
| Tax allocation reserves | Periodiseringsfonder | -724 | -622 | -724 | -622 | -102 | -95 | ||
| Safety reserve | Säkerhetsreserv | -1 | -2 | -1 | -2 | 1 | 29 | ||
| Tax reduction investments in equipment | Skattereduktion investeringar i inventarier | 23 | 23 | 23 | |||||
| Tax recoverables/tax liabilities | Skattefordringar/-skulder | 2,765 | 2,542 | -2,912 | -2,561 | -147 | -19 | ||
| Offset | Kvittning | -2,591 | -2,378 | 2,591 | 2,378 | – | – | ||
| Net | Netto | 174 | 164 | -321 | -183 | -147 | -19 | -102 | -138 |
| Deferred tax recoverables | Changes recognized in profit/loss for the year | ||||
| Parent company, MSEK | 2021 | 2020 | 2021 | 2020 | |
| Uppskjuten skattefordran | Förändringar redovisade i årets resultat | ||||
| Moderbolaget, Mkr | 2021 | 2020 | 2021 | 2020 | |
| Provisions for pensions | Pensionsavsättningar | 134 | 123 | 11 | 6 |
| Other liabilities | Övriga skulder | 6 | 2 | 4 | 0 |
| Net | Netto | 140 | 125 | 15 | 6 |
Unrecognized deferred tax recoverables regarding loss carry-forwards
Ongoing correspondence with the Swedish Tax Authorities as well as assessments made together with external experts on the deductability of individual deductions have been taken into consideration when evaluating deferred tax recoverables. The judgement per 2021-12-31 as well as 2020-12-31 is that there are no uncertainties regarding the deductability of loss carry-forwards in Sweden and because of that tax recoverables of loss carry-forwards are recognized as assets without any adjustments.
In the Norwegian operations the ability to use loss carry-forwards of SEK 608 million (537) remains uncertain. They have not been capitalized. The fiscal value of the non-capitalized loss carry-forward is SEK 134 million (118).
Changed tax rates
As of 2021 the tax rate in Sweden has changed to 20.6 percent.
The fiscal temporary differences are valued at the tax rate valid at the time the temporary differences are expected to cease to exist.