Note 13
Taxes
Group | Parent Company | |||
2020/2021 | 2019/2020 | 2020/2021 | 2019/2020 | |
Current tax for the period | -263.2 | -346.7 | -52.4 | -60.4 |
Adjustment from previous years | -0.9 | 1.4 | -0.7 | 0.0 |
Total current tax expense | -264.1 | -345.3 | -53.1 | -60.4 |
Deferred tax | 56.0 | 113.7 | 1.5 | 0.0 |
Total recognised tax expense | -208.1 | -231.6 | -51.6 | -60.4 |
Group | 2020/2021 | % | 2019/2020 | % |
Profit before tax | 936.9 | 1,104.60 | ||
Weighted average tax based on national tax rates | -201.3 | 21.5 | -240.3 | 21.8 |
Tax effects of | ||||
Non-deductible costs | -5.2 | 0.5 | -6.1 | 0.6 |
Non-taxable income | 1.1 | -0.1 | 1.9 | -0.2 |
Changed tax rate | 3.3 | -0.3 | 5.3 | -0.5 |
Transaction expense, revaluations of contingent considerations of acquisitions | -6.6 | 0.7 | 7.1 | -0.6 |
Other | 0.6 | -0.1 | 0.5 | -0.1 |
Recognised tax expense | -208.1 | 22.2 | -231.6 | 21.0 |
Parent Company | 2020/2021 | % | 2019/2020 | % |
Profit before tax | 638.5 | 269.2 | ||
Tax based on current tax rate for Parent company | -136.6 | 21.4 | -57.6 | 21.4 |
Tax effects of | ||||
Standard interest on tax allocation reserves | -0.1 | 0.0 | -0.5 | 0.2 |
Non-deductible expenses | -1.3 | 0.2 | -0.7 | 0.3 |
Non-taxable dividens | 85.6 | -13.4 | - | - |
Other | 0.8 | -0.1 | -1.6 | 0.7 |
Recognised tax expense | -51.6 | 8.1 | -60.4 | 22.6 |
Deferred taxes, net, at end of year | 2021-03-31 | 2020-03-31 | ||||
Group | Receivables | Liabilities | Net | Receivables | Liabilities | Net |
Non-current assets | 8 | -364 | -356 | 2 | -266 | -264 |
Untaxed reserves | - | -67 | -67 | - | -54 | -54 |
Pension provisions | 29 | 3 | 32 | 27 | 10 | 37 |
Other | 59 | -27 | 32 | 30 | -6 | 24 |
Net recognised | -67 | 67 | 0 | -32 | 32 | 0 |
Deferred taxes, net, at end of year | 29 | -388 | -359 | 27 | -284 | -257 |
2021-03-31 | ||||||
Group | Amount at beginning of year | Recognised in the income statement | Acquisitions & divestments | Recognised in other comprehensive income | Translation effect | Amount at end of year |
Non-current assets | -263.9 | 57.4 | -157.3 | -0.3 | 8.4 | -355.7 |
Untaxed reserves | -54.1 | -7.4 | -5.2 | - | - | -66.7 |
Pension provisions | 36.5 | -1.8 | - | -2.0 | -0.9 | 31.8 |
Other | 24.5 | 7.8 | -0.2 | 0.6 | -1.1 | 31.6 |
Deferred tax, net | -257.0 | 56.0 | -162.7 | -1.7 | 6.4 | -359.0 |
2020-03-31 | ||||||
Group | Amount at beginning of year | Recognised in the income statement | Acquisitions & divestments | Recognised in other comprehensive income | Translation effect | Amount at end of year |
Non-current assets | -257.2 | 42.8 | -47.3 | 0.2 | -2.4 | -263.9 |
Untaxed reserves | -119.7 | 65.9 | -0.3 | - | - | -54.1 |
Pension provisions | 23.7 | -0.3 | 10.4 | 2.7 | 0.0 | 36.5 |
Other | 20.0 | 5.3 | - | -1.4 | 0.6 | 24.5 |
Deferred tax, net | -333.2 | 113.7 | -37.2 | 1.5 | -1.8 | -257.0 |
2021-03-31 | 2020-03-31 | |||||
Parent Company | Amount at start of year | Recognised in profit or loss | Amount at year-end | Amount at start of year | Recognised in profit or loss | Amount at year-end |
Financial instruments | -0.2 | 0.8 | 0.6 | 0.1 | -0.3 | -0.2 |
Other | - | 0.7 | 0.7 | |||
Deferred taxes, net | -0.2 | 1.5 | 1.3 | 0.1 | -0.3 | -0.2 |
The Group has tax loss carryforwards of SEK 27 (57) that have not been capitalised. |