| Group | Parent Company | |||
| SEK 000s | 2009 | 2008 | 2009 | 2008 |
| Tax in profit and loss | ||||
| – current tax | –575 | –2,375 | –16,882 | 16,451 |
| – deferred tax | 55,145 | 9,730 | 63,785 | –7,451 |
| Total | 54,570 | 7,355 | 46,903 | 9,000 |
| Group | Parent Company | |||||||
| 2009 | 2008 | 2009 | 2008 | |||||
| SEK 000s | % | SEK 000s | % | SEK 000s | % | SEK 000s | % | |
| Difference between recognized tax expense and tax expense based on the current tax rate | ||||||||
| Recognized profit/loss before tax | –275,990 | 258,629 | –193,339 | 211,459 | ||||
| Tax at current Swedish tax rate, 26.3% | 72,585 | 26 | –72,416 | –28 | 50,848 | 26 | –59,209 | –28 |
| – Difference in tax rate in countries in which operations are conducted | –1,313 | 0 | –3,769 | –2 | — | — | — | — |
| – Restatement – Effect of adjusted tonnage tax asset/liability due to new lower tax rate in Sweden | — | — | 9,237 | 4 | — | — | –531 | 0 |
| – Effect of adjusted tonnage tax in Norway 3) | — | — | 30,940 | 12 | — | — | — | — |
| – Tonnage-tax based operations | –4,851 | –2 | 53,764 | 22 | — | — | — | — |
| – Effect of recognition in functional currency | –11,901 | –4 | –10,623 | –4 | — | — | — | — |
| – Effect of non-taxable revenue | 1,308 | 0 | 853 | 0 | 9,540 | 4 | 76,219 | 36 |
| – Effect of non-deductible expenses | –421 | 0 | –440 | 0 | –14,271 | –7 | –5,977 | –3 |
| – Change in value of pension commitments | 702 | 0 | –3,394 | –2 | 981 | 1 | –3,007 | –2 |
| – Adjustment of preceding year’s tax | 134 | 0 | 1,735 | 1 | –188 | 0 | 1,495 | 1 |
| – Other | –1,674 | 0 | 1,468 | 1 | –7 | 0 | 8 | 0 |
| Tax expense | 54,570 | 20% | 7,355 | 4% | 46,903 | 24% | –9,000 | 4% |
| Group | ||||||
| 2009 | 2008 | |||||
| SEK 000s | Before tax | Tax | After tax | Before tax | Tax | After tax |
| Tax attributable to other comprehensive income | ||||||
| Change in hedge reserve | 21,962 | –5,776 | 16,186 | –60,407 | 16,914 | –43,493 |
| Change in translation reserve | 34,633 | — | 34,633 | 50,479 | — | 50,479 |
| 56,595 | –5,776 | 50,819 | –9,928 | 16,914 | 6,986 | |
| Group | Parent Company | |||
| SEK 000s | 2009 | 2008 | 2009 | 2008 |
| Deferred tax receivables | ||||
| – Pension commitments considering time of deductibility | 14,534 | 13,832 | 13,605 | 12,624 |
| – Financial instruments, valuation at market value | 1,998 | 16,103 | — | — |
| – Loss carry-forwards 1) | 66,514 | 6,457 | 65,882 | 6,821 |
| 83,046 | 36,392 | 79,487 | 19,445 | |
| Deferred tax liabilities | ||||
| – Intangible fixed assets, temporary differences | — | — | 7,490 | 11,235 |
| – Tangible fixed assets, temporary differences 2) | 170,275 | 201,551 | — | — |
| – Other liabilities considering time of deductibility 3) | 47,539 | 46,677 | — | — |
| 217,814 | 248,228 | 7,490 | 11,235 | |
| Net deferred tax receivable/(tax liability) 4) | –134,768 | –211,835 | 71,997 | 8,210 |
|
1) For the Swedish units, this item represents the net of accumulated loss carryforwards and untaxed reserves. | ||||
|
2) Temporary differences resulting from tax treatment of amortization/depreciation and impairment. | ||||
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3) The Norwegian government decided to change the rules for its tonnage tax system, which in 2008 meant that the Group was able to convert some of earlier years’ provisions to shareholders’ equity. This measure had a positive tax effect of SEK 30,940,000 in 2008. At the end of 2009, total repayments of net SEK 52,466,000 (54,492,000) remain of the original provision of SEK 94,405,000 from the time of the introduction of the new Norwegian tonnage tax regulation on January 1, 2007. See also information in the Board of Directors’ Report in the section Significant events after the end of the year. | ||||
|
4) Deferred tax liabilities are recognized net, since the right of offset is considered to apply in accordance with Swedish tax legislation. | ||||
The net amount of loss carryforwards in the Group, for the Swedish units, after untaxed reserves, totaled SEK 252,903,000 (24,553,000), which was recognized in its entirety as deferred tax assets. Loss carryforwards in the Parent Company amounted to SEK 250,501,000 (25,935,000), for which deferred tax assets were recognized in their entirety. Temporary differences regarding investments in subsidiaries were not recognized, since capital gains/losses are not taxable in accordance with the applicable tax legislation.
Deferred tax assets are recognized only to the extent that it is probable that the amounts could be utilized against future taxable surpluses. Taxes recognized against shareholders’ equity amount to an expense of SEK 23,312,000 (12,346,000).