Note 15 Income taxes
01/01/2017 | 07/20/2016 | ||
12/31/2017 | 12/31/2016 | ||
(000s SEK) | (12 mos.) | (5 mos.) | |
2017-01-01 | 2016-07-20 | ||
2017-12-31 | 2016-12-31 | ||
(Tkr) | (12 mån) | (5 mån) | |
Current taxes | Aktuell skatt | ||
Current taxes on net income for the year | Aktuell skatt på årets resultat | -17,187 | -50,651 |
Adjustments reported this year related to tax from prior years | Justeringar som redovisats innevarande år avseende tidigare års aktuella skatt | -1,653 | 0 |
Deferred taxes | Uppskjuten skatt | ||
Attributable to temporary differences in intangible assets | Hänförlig till temporära skillnader immateriella tillgångar | 104,852 | 21,299 |
Attributable to temporary differences in tangible assets | Hänförlig till temporära skillnader materiella tillgångar | 21,751 | 0 |
Attributable to tax loss carryforwards | Hänförlig till skattemässiga underskottsavdrag | -8,785 | 76,339 |
Other items | Övriga poster | 1,119 | -5,761 |
Total taxes on net income for the year | Total skatt på årets resultat | 100,097 | 41,226 |
Reconciliation of tax income for the year
01/01/2017 | 07/20/2016 | ||
12/31/2017 | 12/31/2016 | ||
(000s SEK) | (12 mos.) | (5 mos.) | |
2017-01-01 | 2016-07-20 | ||
2017-12-31 | 2016-12-31 | ||
(Tkr) | (12 mån) | (5 mån) | |
EBT | Resultat före skatt | -199,055 | -246,633 |
Tax has been calculated based on the Swedish corporate income tax rate (22%) | Skatt beräknad enligt svensk skattesats (22 %) | 43,792 | 54,259 |
Tax effect of other tax rates for foreign subsidiaries | Skatteeffekt av andra skattesatser i utländska dotterbolag | -2,047 | 3,897 |
Tax effect of deductible expenses from acquisition-related transaction costs | Skatteeffekt av ej avdragsgilla kostnader avseende transaktionskostnader vid förvärv | -67 | -17,978 |
Tax effect of non-taxable income | Skatteeffekt av ej skattepliktiga intäkter | 492 | 0 |
Tax loss deductions | Underskottsavdrag | 630 | 2,132 |
Tax effect of adjusted tax rate in US | Skatteeffekt av justerad skattesats i USA | 60,987 | 0 |
Non deductible costs | Ej avdragsgilla kostnader | -2,037 | -1,084 |
Total | Totalt | 101,750 | 41,226 |
Adjustments reported this year related to tax from prior years | Justeringar som redovisats innevarande år avseende tidigare års aktuella skatt | -1,653 | 0 |
Reported tax income for the year | Årets redovisade skatteintäkt | 100,097 | 41,226 |
No tax has been reported in “Other comprehensive income” or directly posted to Shareholder’s equity.
Deferred tax assets and tax liabilities
The group’s deferred tax assets and tax liabilities relate to the following items:
12/31/2017 | 12/31/2016 | ||
2017-12-31 | 2016-12-31 | ||
Deferred tax assets | Uppskjuten skattefordran | ||
Unused tax loss deductions | Outnyttjade underskottsavdrag | 84,769 | 92,186 |
Intra-group inventory profits | Internvinster i lager | 11,426 | 9,761 |
Other deductible temporary differences | Övriga avdragsgilla temporära skillnader | 1,965 | 147 |
Deferred tax assets | Uppskjuten skattefordran | 98,160 | 102,094 |
Deferred tax liabilities | Uppskjuten skatteskuld | ||
Untaxed reserves | Obeskattade reserver | 5,339 | 32,651 |
Temporary differences in intangible assets | Temporära skillnader immateriella tillgångar | 884,607 | 993,085 |
Temporary differences in interest rate derivatives | Temporär skillnad räntederivat | 717 | 987 |
Other tax deductible temporary differences | Övriga avdragsgilla temporära skillnader | 4,415 | 0 |
Deferred tax liabilities | Uppskjuten skatteskuld | 895,078 | 1,026,723 |
Deferred tax assets are valued at the maximum amount likely to be recovered based on current and future taxable results. The group has unused tax loss carryforwards in the amount of SEK 442,876k (486,042k), of which SEK 64,150k (67,013k) relate to non-reported tax loss carryforwards. These mainly concern Atos Medical SAS, France, and the company is uncertain whether these loss carryforwards will be utilized due to uncertainty about sufficient taxable surpluses will be generated.
The tax rates for calculating deferred tax varies and is dependent on the tax rate in the respective subsidiary’s country.