New Wave Group Annual Report 2024 | Page 113

NWG // FINANCIAL INFORMATION // THE GROUP
Deferred tax assets and liabilities in the Group assigned to:
SEK million
2024 Assets
Liabilities
2023 Assets
Liabilities
Loss carry-forwards
18.3
0.0
24.6
0.0
Inventory
72.0
0.0
70.1
0.0
Amortization, depreciation and fixed assets
11. 0
14.4
10.8
15.9
Non-deductible interest expenses
5.1
0.0
0.0
0.0
Accounts receivable
11. 4
0.0
7.9
0.0
Personnel costs 3.5 0.0 2.6 0.0
Prepaid expenses
0.0
0.5
0.0
0.5
Trademarks
0.0
123. 7
0.0
116. 5
Tax allocation reserves and accelerated depreciation
0.0
34.5
0.0
44.0
Cash flow hedges
0.0
2.0
0.9
1.0
Other temporary differences
8.8
5.0
11.1
0.0
Deferred tax assets and liabilities
130.1
180.1
127.9
178.0
Loss carry-forwards
At the year-end the Group had total tax loss carry-forwards of SEK 269,0( 291,7) million. Deferred tax has been recognized on SEK 74,0( 102,6) million of the tax losses which has resulted in a deferred tax asset of SEK 18,1( 24,6) million. The maturity for all tax loss carry-forwards is shown in the table to the right.
Deferred tax liability arising from tax allocation reserves and accelerated depreciation in Sweden are due as follows:
SEK million
2024
2023
2024
0.0
4.9
2025
0.0
4.1
2026
0.0
0.0
2027
9.2
8.9
2028
12.7
7.9
2029
1.9
6.8
2030
0.1
0.0
Unlimited lifetime
10.6
9.1
Total
34.5
41.7
Total loss carry-forwards expire as follows:
SEK million
2024
2023
2025
0.0
0.0
2026
0.0
0.0
2027 0.0 0.0
2028 0.0 0.0
2029 0.0 0.0
2030
0.0
0.0
2031
0.0
0.0
2032
0.0
0.0
2033 0.0 0.0
2034-2044 105.5 103.6 Unlimited lifetime 163.5 188.1
Total 269.0 291.7
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.
2024 Total
SEK million loss carryforwards
Of which recognized tax
Loss carryforwards with no recorded tax of which not recognized tax
Group A
38.0
8.7
0.0
0.0
B
116. 8
9.4
80.8
20.8
C
114. 2
0.0
114. 2
26.9
Total
269.0
18.1
195.0
47.7
2023
Total
SEK million
loss carry-
Group
forwards
Of which recognized tax
Loss carryforwards with no recorded tax of which not recognized tax
A
32.6
6.7
0.0
0.0
B
180.1
17.9
110. 0
25.7
C
79.0
0.0
79.0
20.1
Total
291.7
24.6
189.1
45.8
ANNUAL REPORT // 113