Page 95 - Loomis Annual Report 2017

Loomis Annual Report 2017
Notes – Group 91
Change analysis
SEK m
Deferred tax assets
Opening balance
Change reported in statement of income
Change due to new-tax rates Change due to reclassi cation
Change due to foreign currency effects
Change reported in shareholders’ equity
Change due to acquisitions Change due to divestments Closing balance
Change during the year
Deferred tax liabilities
Opening balance
Change reported in statement of income
Change due to new tax rates Change due to reclassi cation
Change due to foreign currency effects
Change reported in shareholders’ equity
Change due to acquisitions Change due to divestments Closing balance
Change during the year
Pension provisions and Machinery personnel-
Liability insurance- related claims reserves
Other temporary forwards differences
Total Total deferred deferred tax tax
2016
701
26 –27 –7
17
–60 62 –24 689 –12
722
13
–2 –71
37 –18
15 –14 683 –39
and equipment
related liabilities
Provision for restruc- turing
Intangible xed assets
Loss carry
2017
114
312
55
26
–
35
147
689
8
–45
–24
–12
–
–1
14
–61
0
6
–
–
–
–4
–4
–3
–6
0
–
–
–
0
2
–5
1
–13
–5
–2
–
–1
–5
–24
–2
–2
–
–
–
–
–
–4
–
–
–
–
–
–
2
2
–
–
–
–
–
–
–
–
115
256
26
11
–
30
156
595
1
–55
–29
–14
–
–5
9
–94
329
3
–
–
209
–
143
683
–89
0
–
–
–47
–
13
–123
–
–
–
–
–
–
0
0
0
–
–
–
–1
–
–2
–3
–27
0
–
–
–16
–
–5
–48
–2
1
–
–
–1
–
–
–2
–
–
–
–
38
–
0
38
–
–
–
–
–
–
–
–
212
4
–
–
182
–
149
546
–117
1
–
–
–27
–
6
–137
Of deferred tax assets of SEK 595 million, a total of SEK 185 million is expected to be realized within 12 months. Of deferred tax liabilities of SEK 546 million, a total of SEK 5 million is expected to be realized within 12 months.
Loss carryforwards
Dec. 31, 2017
203
–180
22
Current tax assets/tax liabilities
Current tax assets
Current tax liabilities
Current tax assets/tax liabilities, net
Dec. 31, 2016
239 –122 118
The total tax loss carryforwards as of December 31, 2017, were SEK 411 million, of which SEK 18 million has time limits. The Loomis companies with large loss carryforwards are mainly found in Denmark and Belgium. The total tax loss carryforwards as of December 31, 2016 amounted to SEK 397 million.
Deferred tax assets relating to tax losses are recognized to the extent it is probable that they will be utilized against taxable income. As of December 31, 2017, tax loss carryforwards, for which deferred tax assets have been recognized, amounted to SEK 140 million and deferred tax assets relating to these loss carryforwards amounted to SEK 30 million.