Annual and Sustainability Report 2011 - Teracom

Note 17. Other financial assets
Group
Other financial assets 2011 2010
Net asset, pensions 59 51
Long-term loan receivable 30 56
Endowment insurance 1 1
Other 5 6
Total 95 114
A detailed description of the item "Net asset, pensions" is provided in note 7.
Note 18. Deferred tax
Group
Parent Company
2011 2010 2011 2010
Deferred tax assets 172 120 25 -
Deferred tax liabilities -502 -482 - -
Deferred tax asset/tax liability, net -330 -362 25 -
The tables below present deferred tax assets and liabilities for the Group and the Parent Company according to category and how the assets and liabilities
changed during the year.
Group
Deferred tax assets/liabilities
Untaxed
reserves
Intangible
assets
Pension
liability
Deficit
deduction
Opening balance, 1 January -449 -38 -18 134 9 -362
Cash flow hedges 5 5
Exchange rate differences -1 0 -1
Reclassifications -4 18 2 16
Taken up as income during the year -27 5 -2 37 -1 12
Closing balance, 31 December 2011 -476 -37 -20 188 15 -330
Other
Total
Parent Company
Deferred tax assets/liabilities
Deficit deductions Total
Opening balance, 1 January 0 0
Taken up as income during the year 25 25
Closing balance, 31 December 2011 25 25
On the balance sheet date, the Group has unutilized deficit deductions for
the Swedish operations totaling SEK 97 (0) million. The deficit deduction was
reported as a deferred tax asset totaling SEK 25 (0) million.
The total deficit pertaining to the Danish operations was SEK 755 (572)
million on the balance sheet date, which corresponds to a deferred tax asset
of SEK 189 (143) million using the Danish tax rate. Having taken into consideration
uncertainties about future profits and other factors, a deferred tax
asset of SEK 104 (105) million was reported by the Boxer Denmark segment.
Unutilized deficit deductions for the Danish operations amount to SEK 338
(151) million.
For the Finnish operations, the total deficit as of the balance sheet date
was SEK 655 (571) million, which corresponds to a deferred tax asset of SEK
170 (148) million using the Finnish tax rate. For the Plus TV segment, SEK 58
(38) million was reported as a deferred tax asset having taken into consideration
uncertainties about future profits and other factors. Unutilized deficit
deductions for the Finnish operations amount to SEK 431 (424) million. The
unutilized deficit deductions have an unlimited life, except for the deductions
in Finland, which have a 10-year life.
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