SECURITAS AB Annual Report 2011

Note 45. Taxes
Statement of Income
TAX EXPENSE
MSEK 2011 2010 2009
Tax on income before taxes
– current taxes -13.4 -15.8 -21.9
– deferred taxes1 5.9 -59.9 41.5
Total tax expense -7.5 -75.7 19.6
1 The comparative year 2010 has been restated since Group contributions paid have been accounted
for as a financial expense due to a change of accounting principle. Refer to note 39 Accounting
principles for further information.
The Swedish Corporate tax rate was 26.3 percent in 2011, 2010 and 2009.
DIFFERENCE BETWEEN STATUTORY SWEDISH TAX RATE
AND ACTUAL TAX EXPENSE FOR THE PARENT COMPANY
MSEK
Income before taxes according
2011 2010 2009
to the statement of income
Tax based on Swedish tax rate
2 101 1 821 1 938
(26.3%) -553 -479 -509
Tax from prior years
Tax effect related to
12 16 39
non-taxable income
Tax effect related to
1 261 1 628 1 350
non-deductible expenses -728 -1 241 -860
Actual tax expense -8 -76 20
Tax effect related to non-taxable income mainly relates to dividends from
subsidiaries. Tax effect related to non-deductible expenses mainly relates
to write-down of shares in subsidiaries.
Other comprehensive income
TAX EFFECTS ON OTHER COMPREHENSIVE INCOME
MSEK 2011 2010 2009
Deferred tax on cash flow hedges
Deferred tax on
-1.2 -18.9 -20.3
net investment hedges
Deferred tax on other
-4.7 59.2 17.7
comprehensive income -5.9 40.3 -2.6
Balance sheet
Deferred tax assets for 2011 are attributable to employee related debt.
Tax loss carryforwards
The tax loss carryforwards for the Parent Company amounted to MSEK 0
(0 and 0) as of December 31, 2011.
Annual Report
Notes and comments to the Parent Company financial statements
Note 46. Intangible assets 1
MSEK 2011 2010 2009
Opening balance 147.5 136.2 123.5
Capital expenditures 18.9 11.3 12.7
Reclassification -2.0 – –
Closing accumulated balance 164.4 147.5 136.2
Opening amortization -62.1 -53.5 -49.1
Amortization for the year -9.5 -8.6 -4.4
Closing accumulated amortization -71.6 -62.1 -53.5
Closing residual value 92.8 85.4 82.7
1 Mainly related to Securitas’ Guard Management System. Furthermore the brand name Securitas in one
of the Group’s countries of operations is included with MSEK 15.9 (0.0 and 0.0).
Note 47. Machinery and equipment
MSEK 2011 2010 2009
Opening balance 14.3 14.2 14.0
Capital expenditures 0.6 0.1 0.2
Closing accumulated balance 14.9 14.3 14.2
Opening depreciation -12.1 -11.0 -9.9
Depreciation for the year -0.8 -1.1 -1.1
Closing accumulated depreciation -12.9 -12.1 -11.0
Closing residual value 2.0 2.2 3.2
Securitas Annual Report 2011
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