Saab 2014 Annual Report Download - page 96

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FINANCIAL INFORMATION – NOTES
NOTE 13 FINANCIAL INCOME AND EXPENSES
Group
MSEK 2014 2013
Interest income on loans receivable 53 65
Less project interest applied to gross income -1 -3
Financial income from revaluation and disposal of
financial assets and liabilities measured at fair value
through profit or loss 49 -
Other financial income 2 -
Financial income 103 62
Interest expenses on loans and financial liabilities -46 -42
Interest expense, lost legal dispute - -83
Financial expense from revaluation of financial assets
available-for-sale -19 -133
Financial expenses from revaluation and disposal of
financial assets and liabilities measured at fair value
through profit or loss -72 -51
Financial expenses related to pensions -57 -74
Other financial expenses -45 -45
Financial expenses -239 -428
Net financial income and expenses -136 -366
Parent Company
Result from shares in
Group companies
Result from shares in
associated compa-
nies/joint ventures
MSEK 2014 2013 2014 2013
Dividends 104 654 - 430
Group contributions
received 255 310 - -
Capital gain on sale
of shares 62 - 194 -
Write-downs -1 -69 - -430
Other 134 -20 - 8
Total 554 875 194 8
Parent Company
Result from other
securities and
receivables held
as fixed assets
Other interest
income and similar
profit/loss items
MSEK 2014 2013 2014 2013
Interest income,
Group companies - - 155 124
Other interest income - - 51 74
Write-down - -133 - -
Translation differences 5 -14 - -
Net change in value from
revaluation of financial
assets/liabilities -53 -12 - -
Less project interest
applied to gross income - - -1 -3
Other -19 -21 - -
Total -67 -180 205 195
Parent Company
Interest expenses
and similar profit/loss
items
MSEK 2014 2013
Interest expenses, Group companies -23 -51
Other interest expenses -157 -140
Total -180 -191
NOTE 14 APPROPRIATIONS
Parent Company
MSEK 2014 2013
Buildings and land 12 14
Plant and machinery as well as equipment, tools
and installations 1 24
Total difference between tax depreciation and
depreciation according to plan 13 38
Tax allocation reserve -432 -322
Total -419 -284
NOTE 15 TAXES
Tax recognised through profit or loss
Net tax is comprised of current tax and deferred tax. Current tax is calculated
based on applicable tax laws in the countries in which parent company and
subsidiaries are active and generate taxable income.
Deferred tax is recognised on all temporary differences; i.e., differences between,
on the one hand, the value of assets and liabilities for tax purposes and, on the
other, their carrying amounts in the consolidated accounts and tax loss carry
forwards. The company recognises deferred tax assets in those cases in which
the company deems it likely that the amounts may be offset against future taxable
surpluses.
Group
MSEK 2014 2013
Current tax expense (-)/tax income (+)
Taxes for the year -403 -324
Adjustment for taxes related to previous years 18 134
Total -385 -190
Deferred tax expense (-)/tax income (+)
Deferred tax related to temporary differences -32 13
Deferred tax related to value of tax loss carry forwards
capitalised during the year 55 33
Deferred tax expense due to utilisation of previously
capitalised tax value in tax loss carry forwards -4 -7
Deferred tax related to previous years 11 -86
Total 30 -47
Total recognised tax in the Group -355 -237
The Group’s overall deferred tax amounts to MSEK 30 (-47) and current tax
expense for the year amounts to MSEK -385 (-190), producing a total recognised
tax of MSEK -355 (-237) in the consolidated income statement. The table “Change
in deferred tax in temporary differences and tax loss carry forwards” for the Group,
on page 95, specifies how deferred tax affects income.
Parent Company
MSEK 2014 2013
Current tax expense (-)/tax income (+)
Taxes for the year -287 -216
Adjustment for taxes related to previous years 21 2
Total -266 -214
Deferred tax expense (-)/tax income (+)
Deferred tax related to temporary differences -34 14
Deferred tax related to previous years -17 -
Total -51 14
Total recognised tax in the Parent Company -317 -200
92 – SAAB ANNUAL REPORT 2014