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 reported on all temporary differences that arise between the tax and accounting values of assets and liabilities, as well as on tax loss carryforwards.
Deferred tax assets are reported in the balance sheet to the extent that it is likely that these can be utilized against future taxable profits. In calculating the Group's deferred tax assets and liabilities, the prevailing tax rate in each country is used.
Estimates and judgments
Management particularly assesses the likelihood that deferred tax assets can be offset against profits in a future taxation based on the long-term forecasts the company has prepared. As the basis for these, market analyses, information regarding upcoming regulatory requirements and discussions with customers are used. Such an analysis has resulted in the revaluation of deferred taxes to match future profits. The revaluation of deferred tax refers to the difference between theoretical tax and actual deferred tax.
| SEK M | 2025 | 2024 |
|---|---|---|
| Current tax | -2.7 | 0.0 |
| Deferred tax assets | -0.4 | 0.0 |
| Total income tax (continuing operations) | -3.1 | 0.0 |
| Tax attributable to discontinued operations | 2.4 | -121.5 |
| Total reported tax in the Group | -0.7 | -121.5 |
Reconciliation of effective tax, SEK M
| 2025 | % | 2024 | % | |
|---|---|---|---|---|
| Profit/loss before tax | -63.3 | -465.9 | ||
| Theoretical tax at applicable tax rate for Parent company | 13.0 | -20.6 | 96.0 | -20.6 |
| Differences in tax rates for foreign subsidiaries | 2.0 | -3.2 | 15.1 | -3.2 |
| Non-deductible expenses | -18.9 | 29.8 | -4.6 | 1.0 |
| Non-taxable revenues | 1.2 | -1.9 | 0.1 | -0.0 |
| Tax losses for which no deferred tax asset has been recognized | -5.2 | 8.2 | -101.5 | 21.8 |
| Tax attributable to previous year | 4.8 | -7.6 | -5.1 | 1.1 |
| Reported effective tax | -3.1 | 4.9 | 0.0 | - |
Unreported deferred tax assets. SEK M
Tax loss carry-forwards for which deferred tax assets have not been recognised in the statement of financial position:
| 2025 | 2024 | |
|---|---|---|
| Deductible deficits | 257.6 | 198.8 |
Deferred tax assets and tax liabilities are divided as follows:
Deferred tax assets, SEK M
| 2025 | 2024 | |
|---|---|---|
| Deferred tax assets to be settled after more than 12 months | 54.9 | 56.0 |
| Total deferred tax assets | 54.9 | 56.0 |
Deferred tax liabilities, SEK M
| 2025 | 2024 | |
|---|---|---|
| Deferred tax liabilities to be settled after more 12 months | 0.0 | 0.0 |
| Total deferred tax liabilities | 0.0 | 0.0 |
Changes in deferred tax assets and tax liabilities are stated below:
Tax loss carryforwards, Group, SEK M
| As of 1 January 2024 | 171.2 |
| Recognized in the income statement, continuing operations | 0.0 |
| Recognized in the income statement, discontinued operations | -121.5 |
| Revaluation deferred tax | 6.4 |
| As of 31 December 2024 | 56.1 |
| Recognized in the income statement, continuing operations | 0.0 |
| Recognized in the income statement, discontinued operations | -1.2 |
| Revaluation deferred tax | 0.0 |
| As of 31 December 2025 | 54.9 |
Temporary tax difference intangible assets, SEK M
| As of 1 January 2024 | 6.6 |
| Revaluation deferred tax | 0.3 |
| Recognized in the income statement, continuing operations | -6.2 |
| As of 31 December 2024 | 0.7 |
| Revaluation deferred tax | -0.1 |
| Recognized in the income statement, continuing operations | -0.6 |
| As of 31 December 2025 | 0.0 |