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.

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