SECURITAS AB Annual Report 2011

DEFERRED TAX LIABILITIES CHANGE ANALYSIS PER CATEGORY IN 2011
Opening Deferred tax recognized Changed
Translation Closing
MSEK
balance in the income statement tax rate Acquisitions Divestitures differences balance
Pension provisions and employee-related liabilities 8.0 36.3 – – – -3.3 41.0
Acquisition related intangible assets 258.8 8.0 -0.2 156.0 – -3.5 419.1
Machinery and equipment 25.7 1.9 0.1 0.4 – 1.0 29.1
Other temporary differences 253.2 48.2 0.1 34.6 -6.3 7.1 336.9
Total deferred tax liabilities 545.7 826.1
Change during year 94.4 0.0 191.0 -6.3 1.3 280.4
Changes in deferred taxes between 2010 and 2011 are mainly explained
by pension provisions and acquisition related intangible assets. Changes in
deferred taxes between 2009 and 2010 are mainly explained by use of
Tax loss carryforwards
On December 31, 2011 subsidiaries in primarily Sweden and Germany
had tax loss carryforwards of MSEK 2 350 (2 179 and 2 852). These tax
loss carryforwards expire as follows:
TAX LOSS CARRYFORWARDS
2012 2
2013 –
2014 12
2015– 205
unlimited duration 2 131
Total tax loss carryforwards 2 350
Annual Report
Notes and comments to the consolidated financial statements
losses in Sweden. There are no unrecognized temporary differences related
to subsidiaries or associated companies. Provisions for taxes are reported in
note 32.
Deferred tax assets related to tax losses are accounted for when it is probable
that they can be utilized by future profits. As of December 31, 2011, tax loss
carryforwards for which deferred tax assets had been recognized amounted
to MSEK 1 738 (1 617 and 2 198) and deferred tax assets related to the tax
losses amounted to MSEK 486 (455 and 603). Tax losses can be used to
reduce future taxable income. Their future utilization does not mean a lower
total tax expense for the Group.
Securitas Annual Report 2011
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