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Annual Report 2012.pdf - Cherry

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Note 11: Financial items<br />

Group Parent Company<br />

2012 2011 2012 2011<br />

Group contributions - - 11 862 12 432<br />

Profit from disposal of subsidiaries - - -19 982 7 016<br />

Result on liquidation - - - 7 016<br />

Dividends from subsidiaries - - 4 500 32 269<br />

Result from participations in group companies - - -3 620 58 733<br />

Interest income 252 98 210 73<br />

Changes in exchange rates, net - - - 149<br />

Financial income 252 98 210 222<br />

(of which group companies) - - - -<br />

Interest expenses -2 510 -1 067 -2 428 -1 083<br />

Interest expenses, financial leasing - -103 - -<br />

Changes in exchange rates, net -1 900 -6 -1 193 -<br />

Financial expenses -4 410 -1 176 -3 621 -1 083<br />

(of which group companies) - - 0 -1 081<br />

Total net finance -4 158 -1 078 -7 031 57 872<br />

Note 12: Tax<br />

Group Parent Company<br />

Tax expenses in income statements 2012 2011 2012 2011<br />

Allocation to current and deferred tax<br />

Current tax -1 519 -1 564 - -<br />

Deferred tax -151 573 - -<br />

Total -1 670 -991 0 0<br />

Group Parent Company<br />

Difference between real tax expense and tax expense based on applicable tax rate 2012 2011 2012 2011<br />

<strong>Report</strong>ed profit before tax 32 672 39 015 -18 470 38 557<br />

Tax as per applicable tax rate (26.3%) -8 593 -10 261 4 858 -10 140<br />

Tax attributable to previous year - - - -<br />

Difference in tax in foreign operations 7 073 3 614 - -<br />

Tax effect of non-reported deficit deductions -18 -1 031 - -157<br />

Tax effect of utilised loss deductions not reported previously 206 - 157 -<br />

Tax effect of changes in tax rate 23 - - -<br />

Tax effect of non-taxable/non-deductible items -361 6 687 -5 014 10 297<br />

Total tax -1 670 -991 0 0<br />

Specification of deferred tax:<br />

Tax changes for temporary differences -35 -100 - -<br />

Tax on group contributions from discontinued operations - 673 - -<br />

Tax expenses on changes in balance sheet allocations -116 - - -<br />

Total deferred tax -151 573 0 0<br />

As a result of the change in the Swedish corporate tax from 26.3% to 22.0% applicable from 1 January 2013 the reported values for deferred tax concerned<br />

has been recalculated. Deferred tax which was expected to be restored after 1 JanuarY 2013 has been calculated by using the effective tax rate of 22.0%.<br />

For specification of changes in deferred tax receivables, see Note 17.<br />

annual report 2012 |<br />

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