This chapter is covered by the Auditors' Report.
Income taxes recognized in the income statement
The following items are included in Taxes:
|
|
2008 |
2007 |
2006 |
Current income tax on
contributions, net |
–1,155 |
–1,194 |
–548 |
Other current income taxes
for the year |
–250 |
–259 |
–291 |
Current income taxes related
to prior years |
–21 |
–49 |
124 |
|
Deferred tax income/expense (–) |
–307 |
187 |
–474 |
|
Taxes |
–1,733 |
–1,315 |
–1,189 |
| |
2008 |
2007 |
2006 |
|
Tax rate in Sweden |
–28.0% |
–28.0% |
–28.0% |
|
Current income taxes related to prior years |
–0.1% |
–0.3% |
0.9% |
|
Tax effect of non-deductible expenses |
–0.3% |
–0.8% |
–0.9% |
|
Tax effect of non-taxable income |
29.7% |
22.0% |
20.4% |
|
Tax effect related to write-downs of investments in subsidiary companies |
–10.3% |
–2.0% |
–1.2% |
|
Tax effect of change in deferred tax rate |
–0.1% |
– |
– |
|
Actual tax rate |
–9.1% |
–9.1% |
–8.8% |
On December 10, 2008 the Swedish Parliament decided to cut the company tax rate from 28 percent to 26.3 percent, applicable from January 1, 2009. Deferred tax assets and liabilities have been calculated with the new tax rate.
Deferred tax balances
Tax effects of temporary differences have resulted in deferred tax assets as follows:
| |
2008 |
2007 |
|
Deferred tax assets |
68 |
589 |
|
|
|
|
Deferred tax assets refer mainly to pensions and customer finance. Taxes reported directly to equity amount to SEK -203 million and refer to hedge accounting. Deferred tax assets have been reduced with this amount.
