Electrolux 2002 Annual Report Download - page 45

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    
N
Total current tax on the net gain when the remaining part
of the Leisure appliances product line was sold amounted to
SEK 151m. Acquired and sold units have added a net SEK 227m
of deferred tax assets, reduced deferred tax liabilities with a net
SEK 97m and reduced tax receivables with a net SEK 4m and
tax payables with a net SEK 40m. As of December 31, 2002,
the Group had a tax loss carried forward and other deductible,
temporary differences of SEK 3,535m (3,765), which have not
been included in computation of deferred tax assets.
N 7F   
Group Parent Company
2002 2001 2000 2002 2001 2000
Financial income
Interest income and similar items
From subsidiaries ———521 688 688
From others 942 972 1,011 420 251 180
Dividends
From subsidiaries ———4,508 5,554 6,544
From others 5 1 18 10 5 4
Total financial income 947 973 1,029 5,459 6,498 7,416
Financial expenses
Interest expense and similar items
To subsidiaries ———–736 –589 –466
To others –1,182 –2,059 –2,110 –586 –1,043 –863
Exchange rate differences
On loans and forward contracts
as hedges for foreign net investments ———672 –941 –462
On other loans and borrowings, net 49 20 9 22 14 10
Total financial expenses –1,133 –2,039 –2,101 –628 –2,559 –1,781
N 8T
Group Parent Company
2002 2001 2000 2002 2001 2000
Current taxes –1,772 –1,160 –1,860 –30 76 37
Deferred taxes –676 –305 –249 ———
Group share of taxes in associated companies –11 –12 –12 ———
Total –2,459 –1,477 –2,121 –30 76 37
Group
Assets Liabilities Net
Deferred tax assets and liabilities 2002 2001 2000 2002 2001 2000 2002 2001 2000
Tangible fixed assets 358 62 158 1,559 1,813 1,669 –1,201 –1,751 –1,511
Inventories 197 143 184 495 646 573 –298 –503 –389
Receivables 126 80 25 19 26 8 107 54 17
Operating liabilities 739 781 616 ———739 781 616
Provisions for pensions and
similar commitments 470 130 70 ———470 130 70
Other provisions 1,312 1,420 1,808 282 379 481 1,030 1,041 1,327
Other items 9 182 150 352 17 12 –343 165 138
Tax value of loss carryforwards utilized 489 1,013 511 ———489 1,013 511
Tax assets and liabilities 3,700 3,811 3,522 2,707 2,881 2,743 993 930 779
Set off of tax –709 –1,033 –2,721 –709 –1,033 –2,721 ———
Net tax assets and liabilities 2,991 2,778 801 1,998 1,848 22 993 930 779
Premiums on forward contracts intended as hedges for foreign
net investments have been amortized as interest in the amount
of SEK 114m (–54). In the consolidated accounts, exchange
rate differences in the Parent Company on loans and forward
contracts, intended as hedges for foreign net investments, have
been charged to equity after deduction of taxes. The net change
in equity was SEK 889m (–592).