Page 115 - Loomis Annual Report 2017

Loomis Annual Report 2017
Notes – Parent Company 111
Result from participations in Group companies
SEK m 2016
Dividends 376
Impairment losses, shares in subsidiaries –17
Group contributions 91
Total result from participations in Group 450 companies
Pricing of transactions between Parent Company and subsidi- aries are undertaken according to business principles. These transactions have Loomis AB, registration number 556620-8095, as a parent company.
Result from other nancial investments
Financial income
SEK m 2016
Interest income 49 Translation differences 595 Total nancial income 643
Financial expenses
SEK m 2016
Interest expenses –107 Translation differences –805 Other nancial expense –18
Total nancial expenses –930 Financial income and expenses, net –287
NOTE 44 Appropriations
SEK m 2016
Reversal of tax allocation reserve, 2012 41 Reversal of tax allocation reserve, 2013 73 Total appropriations 114
NOTE 45 Tax on income for the year Statement of income
Tax expense
SEK m 2016
Tax on income before taxes
– current tax expense –20 – deferred tax expense –23 Total tax expense –43
The Swedish corporate income tax rate was 22 percent in 2017 and 2016.
Difference between statutory Swedish tax rate and actual tax expense for the Parent Company
SEK m 2016
Tax based on Swedish tax rate –122 Taxes attributable to previous periods 1 Tax attributable to non-taxable income 85 Tax attributable to non-deductible expenses –7 Actual tax expense –43
Tax attributable to non-taxable income relates mainly to dividends from subsidiaries. Tax attributable to non-deductible expenses for 2016 relates mainly to the write-down of shares in subsidiaries.
Balance sheet
Deferred tax assets/tax liabilities relate primarily to temporary differences in tax allocation reserves as well as differences between the carrying amount and tax value of nancial instruments.
NOTE 42
2017
–223
–1
93
–1
–131
2017
421
–
87
509
NOTE 43
2017
54
733
788
NOTE 46
SEK m
Opening depreciation –2 Depreciation for the year –2 Disposals 1 Closing accumulated depreciation –3
Closing residual value balance 5
Machinery and equipment
Dec.31, 2017
7
2
–
9
–3
–2
–
–5
5
Dec.31, 2016
Opening balance
5 Investments 2 Disposals –1 Closing accumulated balance 7
2017
–106
–502
–1
–609
179
2017
–
–
–
2017
–131
–
–131