New Wave Group AB Annual report 2017 EN | Page 100

NOTE 6 REMUNERATION TO AUDITORS AND AUDIT COMPANY
NOTE 7 FINANCIAL INCOME AND COST
NOTE 8 APPROPRIATIONS
NOTE 9 TAX ON RESULT FOR THE YEAR
THE PARENT COMPANY
FINANCIAL INFORMATION
NOTE 6 REMUNERATION TO AUDITORS AND AUDIT COMPANY
SEK million
2017
2016
Audit assignment
Ernst & Young
1.0
0.9
Audit work outside audit assignment
0.0
0.3
Tax consultancy
0.8
0.0
Total
1.8
1.2
NOTE 7 FINANCIAL INCOME AND COST
SEK million
2017
2016
Write down of financial fixed assets
-79.1
-2.4
Reversal write-down of financial assets
2.7
0.4
Reduction share capital
0.0
30.2
Dividends from subsidiaries
387.2
389.8
Financial income, Group companies
44.6
44.8
Financial income, other
21.9
21.9
Financial expenses, Group companies
-3.5
-6.9
Financial expenses, other
-48.2
-54.7
Total
325.6
423.0
Income was adversely affected by SEK 79.1million( SEK 2.4 million) relating to a write down of fixed assets. This is primarily due to capital contributions to subsidiaries to cover losses. The contributions are not expected to convey further value to the subsidiaries and have thus been charged against income.
NOTE 8 APPROPRIATIONS
SEK million
2017
2016
Paid Group contributions
112. 2
73.4
Received Group contributions
-32.5
-32.7
Difference between reported depreciation and depreciation according to plan
-1.8
-3.2
Tax allocation reserve
-16.8
-3.6
Total
61.0
33.9
NOTE 9 TAX ON RESULT FOR THE YEAR
SEK million
2017
2016
Current tax
-11.1
-2.3
Tax attributable to previous years
1.2
-2.7
Total
-9.9
-5.0
Reconciliation of actual tax
Result before tax
359.9
440.1
Tax expense according to local tax rate
-79.2
-22.0%
-96.8
-22.0%
Tax effects from: Non taxable income
85.2
23.7 %
92.0
20.9 %
Non deductible expenses
-17.0
-4.7%
-0.7
-0.2%
Taking in use previously not activated loss carry-forward
0.0
0.0 %
3.2
0.0 %
Tax attributable to previous years
1.2
0.3 %
-2.7
-0.6%
Other
-0.1
0.0 %
0.0
0.0 %
Tax according to income statement
-9.9
-2.7%
-5.0
-1.1 %
100 | NWG 2017