Notes for P&L
Note 12 Taxes
Accounting policy
The Group’s tax for the period consists of current tax and deferred tax. Current tax assets and liabilities for the current and preceding periods are measured at the amount expected to be paid to or from the tax authorities based on the tax rates and tax laws adopted or adopted on the balance sheet date. Current tax is tax pertaining to taxable profit for the period.
Deferred tax is recognized on all temporary differences that arise between the taxable value and carrying amount of assets and carrying amount of assets and liabilities and on deductible loss carry-forwards. Deferred tax assets are recognized in the balance sheet to the extent it is likely that they can be utilized to offset future taxable surpluses. When calculating the Group's deferred tax asset and tax liability, the prevailing tax rate in each respective country is used.
Estimates and judgments
In particular, management assesses the likelihood that deferred tax assets can be offset against surpluses in future taxation in accordance with the company’s longterm forecasts. As a basis for these, they use market analyses, information regarding upcoming regulatory requirements and discussions with customers. Revaluation of deferred tax refers to the difference between theoretical tax and actual deferred tax. The parent company has a deficit that is deemed not to be usable in the foreseeable future and therefore a tax expense of SEK 111 million has been reported.
| SEK M | 2024 | 2023 | ||
|---|---|---|---|---|
| Current tax expense | -12.5 | -21.1 | ||
| Deferred tax assets | -109.0 | 56.8 | ||
| Total reported tax expense | -121.5 | 35.7 | ||
| Reconciliation of effective tax | ||||
| SEK M | 2024 | % | 2023 | % |
| Profit/loss before tax | -566.8 | -375.5 | ||
| Theoretical tax at applicable tax rate for Parent company | 116.8 | -20.6 | 77.4 | -20.6 |
| Differences in tax rates for foreign subsidiaries | 15.1 | -2.7 | 0.0 | 0.0 |
| Non-deductible expenses | -4.6 | 0.8 | -0.6 | 0.2 |
| Non-taxable revenues | 0.1 | -0.0 | 4.7 | -1.2 |
| Revaluation deferred tax* | -243.8 | 43.0 | -36.7 | 10.0 |
| Tax attributable to previous year | -5.1 | 0.9 | -9.1 | 2.4 |
| Reported effective tax | -121.5 | 21.4 | 35.7 | -9.3 |
| * Refers to a tax loss for which deferred tax has not been recognized. | ||||
| Unreported deferred tax assets | ||||
| Tax loss carry-forwards for which deferred tax assets have not been recognised in the statement of financial position: | ||||
| SEK M | 2024 | 2023 | ||
| Deductible deficits | 198.8 | 21.6 | ||
| Deferred tax assets and tax liabilities are divided as follows: | ||||
| Deferred tax assets | ||||
| SEK M | 2024 | 2023 | ||
| Deferred tax assets to be settled after more than 12 months | 56.0 | 171.2 | ||
| Total deferred tax assets | 56.0 | 171.2 | ||
| Deferred tax liabilities | ||||
| SEK M | 2024 | 2023 | ||
| Deferred tax liabilities to be settled after more 12 months | 0.0 | 6.6 | ||
| Total deferred tax liabilities | 0.0 | 6.6 | ||
| Changes in deferred tax assets and tax liabilities are stated below: | ||||
| Group | ||||
| Tax losses forward, SEK M | ||||
| As of 1 January 2023 | 120.5 | |||
| Reported in income statement | 56.8 | |||
| Revaluation deferred tax | -6.1 | |||
| As of 31 December 2023 | 171.2 | |||
| Reported in income statement | -115.1 | |||
| Revaluation deferred tax | - | |||
| As of 31 December 2024 | 56.1 | |||
| Group | ||||
| Temporary tax difference intangible assets, SEK M | ||||
| As of 1 January 2023 | 13.0 | |||
| Revaluation deferred tax | -0.1 | |||
| Reported in income statement | -6.3 | |||
| As of 31 December 2023 | 6.6 | |||
| Revaluation deferred tax | 0.3 | |||
| Reported in income statement | -6.2 | |||
| As of 31 December 2024 | 0.7 | |||