NWG // FINANCIAL INFORMATION // THE GROUP
Deferred tax assets and liabilities in the Group assigned to :
SEK million
2022 Assets
Liabilities
2021 Assets
Liabilities
Loss carry-forwards |
25.7 |
0.0 |
28.2 |
0.0 |
Inventory |
72.7 |
1.9 |
46.2 |
2.1 |
Amortization , depreciation and fixed assets |
10.7 |
2.5 |
5.2 |
4.2 |
Accounts receivable |
7.3 |
0.0 |
7.0 |
0.0 |
Personnel costs |
2.4 |
0.0 |
1.5 |
0.0 |
Prepaid expenses |
0.0 |
-1.0 |
-0.6 |
0.3 |
Trademarks |
0.0 |
119.5 |
0.0 |
107.0 |
Tax allocation reserves and accelerated depreciation |
0.0 |
35.1 |
0.0 |
24.1 |
Cash flow hedges |
0.0 |
1.2 |
0.0 |
0.6 |
Other temporary differences |
10.3 |
0.0 |
6.1 |
0.0 |
Deferred tax assets and liabilities |
129.2 |
159.2 |
93.5 |
138.4 |
Loss carry-forwards
At the year-end the Group had total tax loss carry-forwards of SEK 354.9 ( 382.2 ) million . Deferred tax has been recognized on SEK 106.4 ( 118.8 ) million of the tax losses which has resulted in a deferred tax asset of SEK 25.7 ( 28.2 ) 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 |
2022 |
2021 |
2023 |
2.9 |
2.9 |
2024 |
4.9 |
4.9 |
2025 |
4.1 |
4.1 |
2026 |
0.0 |
0.0 |
2027 |
9.2 |
9.0 |
2028 |
8.1 |
0.0 |
Unlimited lifetime |
4.7 |
3.9 |
Total |
33.9 |
24.8 |
Total loss carry-forwards expire as follows :
SEK million |
2022 |
2021 |
2023 |
0.0 |
0.0 |
2024 |
0.0 |
0.0 |
2025 0.0 6.4
2026 0.0 7.7
2027 0.0 0.3
2028 |
0.0 |
13.6 |
2029 |
0.0 |
16.0 |
2030 |
0.0 |
0.0 |
2031 3.7 0.0
2032-2040 165.8 168.3 Unlimited lifetime 185.4 169.9
Total 354.9 382.2
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 .
2022 Total
SEK million loss carryforwards
Of which recognized tax
Loss carryforwards with no recorded tax of which not recognized tax
Group A |
26.9 |
6.1 |
0.0 |
0.0 |
B |
206.5 |
19.6 |
126.9 |
30.3 |
C |
121.5 |
0.0 |
121.5 |
33.4 |
Total |
354.9 |
25.7 |
248.4 |
63.8 |
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 |
116.9 |
26.7 |
C |
146.4 |
0.0 |
146.4 |
39.7 |
Total |
382.2 |
28.2 |
263.3 |
66.4 |
ANNUAL REPORT // 095