NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 89

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 12 - Tax expense
SEK million
Current tax
Tax attributable to previous years
Total current tax expense
Deferred tax relating to temporary differences and loss carry-forwards
Total recorded tax expense on result for the year
2019 2018
-103.9
3.8
-100.1 -94.9
-2.2
-97.1
3.4
-96.7 15.3
-81.8
The Group's tax expense for the year amounted to SEK 96.7 (81.8) million or 20.7 (18.5) % on result before tax.
Reconciliation of actual tax
Reconciliation between the Group's weighted average tax rate, based on each respective country's tax rate, and the Group's actual tax:
% 2018 %
Result before tax
Tax expense based on respective country's tax rate 466.7
-92.7 -19.9 441.8
-89.3 -20.2
Tax effects from:
Non-taxable income
Non-deductible expenses
Tax arrears assessment
Regional and other variations regarding tax rates
Reverse of previously activated loss carry-forwards
Taking in use previously not activated loss carry-forwards
Not activated loss carry-forwards
Temporary differences
Other
Total recorded tax expense on result for the year 4.5
-4.3
3.8
-1.2
-5.7
6.8
-15.7
2.8
5.0
-96.7 1.0
-0.9
0.8
-0.3
-1.2
1.5
-3.4
0.6
1.1
-20.7 0.9
-2.5
-2.2
-0.1
-9.0
10.6
-11.8
18.6
3.0
-81.8 0.2
-0.6
-0.5
0.0
-2.0
2.4
-2.7
4.2
0.7
-18.5
SEK million
2019
ANNUAL REPORT // 089