New Wave Group Annual Report 2021 - EN | Page 95

NWG // FINANCIAL INFORMATION // THE GROUP
Deferred tax assets and liabilities in the Group assigned to :
SEK million
2021 Assets
Liabilities
2020 Assets
Liabilities
Loss carry-forwards
28.2
0.0
45.3
0.0
Inventory
46.2
2.1
48.1
12.8
Amortization , depreciation and fixed assets
5.2
4.2
5.8
7.0
Accounts receivable
7.0
0.0
6.8
0.0
Personnel costs
1.5
0.0
0.7
0.0
Prepaid expenses
-0.6
0.3
-1.2
0.1
Trademarks
0.0
107.0
0.0
100.9
Tax allocation reserves and accelerated depreciation
0.0
24.1
0.0
21.8
Cash flow hedges
0.0
0.6
3.2
0.0
Other temporary differences
6.1
0.0
0.4
-0.1
Set-off of deferred tax assets and deferred tax liabilities
0.0
0.0
-2.5
-2.5
Deferred tax assets and liabilities
93.5
138.4
106.7
140.0
Loss carry-forwards
At the year-end the Group had total tax loss carry-forwards of SEK 382.2 ( 462.5 ) million . Deferred tax has been recognized on SEK 118.8 ( 195.3 ) million of the tax losses which has resulted in a deferred tax asset of SEK 28.2 ( 45.3 ) million . The maturity for all tax loss carry-forwards is shown in the table below .
Deferred tax liability arising from tax allocation reserves and accelerated depreciation in Sweden are due as follows :
SEK million
2021
2020
2022
0.0
0.0
2023
2.9
1.5
2024
4.9
2.9
2025
4.1
4.7
2026
-0.1
10.5
2027
9.0
0.0
Unlimited lifetime
3.9
2.3
Total
24.8
21.9
Total loss carry-forwards expire as follows :
SEK million
2021
2020
2022
0.0
7.3
2023
0.0
9.9
2024 6.4 12.6
2025 7.7 7.7
2026 0.3 0.3
2027
13.6
11 . 8
2028
16.0
15.0
2029
0.0
0.0
2030 0.0 0.0
2031-2040 168.3 102.6 Unlimited lifetime 169.9 295.2
Total 382.2 462.5
In the Group there are tax loss carry-forwards in a number of companies within different tax groups . In each separate case an assessment is made , with reasonable certainty , whether or not the loss carry-forwards will be utilized . The assessment takes into consideration managements forecasts , historical and present performance levels and the expiration date of the loss carry-forwards . Based on the assessments , the loss carryforwards are divided into three different groups where group A represents fully recognized loss carry-forwards , group B represents partially recognized loss carry-forwards and group C represents loss carry-forwards that have not been recognized at all . The distribution is shown in the tables below .
2021 Total
SEK million loss carryforwards
Of which recognized tax
Loss carryforwards with no recorded tax of which not recognized tax
Group A
56.4
12.6
0.0
0.0
B
179.4
15.6
117.0
26.7
C
146.4
0.0
146.4
39.7
Total
382.2
28.2
263.3
66.4
2020 Total
SEK million loss carryforwards
Of which recognized tax
Loss carryforwards with no recorded tax of which not recognized tax
Group A
121.7
26.2
0.0
0.0
B
163.8
19.1
90.1
24.0
C
177.0
0.0
177.0
43.9
Total
462.5
45.3
267.1
67.9
ANNUAL REPORT // 095