STENA METALL AB - Stena Metall Group

Financial review | Parent Company
8 Taxes
2004/2005 2003/2004
Current tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.3 13.1
Deferred tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.3 13.1
Current tax is distributed as follows:
Current tax
Current tax for the period. . . . . . . . . . . . . . 12.6 13.1
Adjustment of tax for previous years –0.3 0.0
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.3 13.1
Reconciliation of reported
tax charge/tax claim
Loss before tax . . . . . . . . . . . . . . . . . . . . . . . . . . . –44.7 –49.3
Tax according to current tax rate
(28%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.5 13.8
Non-deductible expenses. . . . . . . . . . . . . . –1.2 –1.3
Tax-exempt revenue . . . . . . . . . . . . . . . . . . . . . 1.3 0.6
Tax attributable to previous years . . –0.3 0.0
Reported tax claim . . . . . . . . . . . . . . . . . . . . . 12.3 13.1
Tax items reported directly
against shareholders’ equity
Current tax in Group contributions
received/paid . . . . . . . . . . . . . . . . . . . . . . . . . –40.1 –33.0
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . –40.1 –33.0
9 Buildings
Aug. 31, 2005 Aug. 31, 2004
Acquisition value, opening balance 323.2 299.1
Acquisitions during the year . . . . . . . . . 11.0 8.4
Reclassification . . . . . . . . . . . . . . . . . . . . . . . . . 6.2 15.7
Sales and disposals . . . . . . . . . . . . . . . . . . . –3.5 —
Acquisition value, closing balance 336.9 323.2
Accumulated depreciation,
opening balance. . . . . . . . . . . . . . . . . . . . . . –98.1 –87.6
Sales and disposals . . . . . . . . . . . . . . . . . . . 1.2 —
Depreciation for the year . . . . . . . . . . . . . –11.7 –10.5
Accumulated depreciation,
closing balance . . . . . . . . . . . . . . . . . . . . . . –108.6 –98.1
Residual value according to plan 228.3 225.1
Accelerated depreciation . . . . . . . . . . . . . –7.1 –7.6
Reported value . . . . . . . . . . . . . . . . . . . . . . . . . . 221.2 217.5
Tax assessment value of buildings
in Sweden . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146.5 145.9
10 Land and other real estate
Aug. 31, 2005 Aug. 31, 2004
Acquisition value, opening balance 87.8 82.8
Acquisitions during the year . . . . . . . . 9.7 5.0
Sales and disposals . . . . . . . . . . . . . . . . . . –0.3 —
Acquisition value, closing balance 97.2 87.8
Accumulated depreciation,
opening balance. . . . . . . . . . . . . . . . . . . . . –16.6 –15.1
Sales and disposals . . . . . . . . . . . . . . . . . . 0.2 —
Depreciation for the year . . . . . . . . . . . . –1.5 –1.5
Accumulated depreciation,
closing balance . . . . . . . . . . . . . . . . . . . . . –17.9 –16.6
Residual value according to plan 79.3 71.2
Accelerated depreciation . . . . . . . . . . . . –0.6 –0.7
Reported value . . . . . . . . . . . . . . . . . . . . . . . . . 78.7 70.5
Tax assessment value
of land in Sweden. . . . . . . . . . . . . . . . . . . 85.8 88.9
11 Plant and machinery
Aug. 31, 2005 Aug. 31, 2004
Acquisition value, opening balance 44.3 44.3
Sales and disposals . . . . . . . . . . . . . . . . . . –0.6 —
Acquisition value, closing balance 43.7 44.3
Accumulated depreciation,
opening balance . . . . . . . . . . . . . . . . . . . . –32.4 –30.7
Sales and disposals . . . . . . . . . . . . . . . . . . 0.6 —
Depreciation for the year . . . . . . . . . . . . –1.5 –1.7
Accumulated depreciation,
closing balance . . . . . . . . . . . . . . . . . . . . . –33.3 –32.4
Residual value according to plan 10.4 11.9
Accelerated depreciation . . . . . . . . . . . . –9.2 –10.2
Reported value . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 1.7
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