Note 13 taxes

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  Group Parent Company
  2014/2015 2013/2014 2014/2015 2013/2014
Current tax for the period -134.6 -122.2 -49.9 -44.2
Adjustment from previous years -0.5 0.5
Total current tax expense -135.1 -121.7 -49.9 -44.2
Deferred tax 21.5 15.8 0.3 0.6
Total recognised tax expense -113.6 -105.9 -49.6 -43.6
Group 2014/2015 % 2013/2014 %
Profit before tax 513.3   475.4  
Weighted average tax based on national tax rates -115.8 22.6 -107.9 22.7
Tax effects of        
Non-deductible costs/non-taxable income -5.7 1.1 -3.6 0.8
Transaction costs, revaluation contingent considerations acquisitions 4.4 -0.9 3.4 -0.7
Standard interest on tax allocation reserves -0.6 0.1 -1.4 0.3
Changed tax rate 1.5 -0.3 4.2 -0.9
Adjustments from previous years -1.2 0.2 -0.9 0.2
Other 3.8 -0.7 0.3 -0.1
Recognised tax expense -113.6 22.1 -105.9 22.3
Parent Company 2014/2015 % 2013/2014 %
Profit before tax 245.1   200.8  
Tax based on current tax rate for parent company -53.9 22.0 -44.2 22.0
Tax effects of        
Standard interest on tax allocation reserves -0.5 0.2 -1.1 0.5
Non-deductible costs        
Other -0.4 0.2 -0.3 0.1
Non-taxable income        
Dividends from subsidiaries 5.1 -2.1 1.8 -0.9
Other 0.1 0.0 0.1 0.0
Adjustments from previous years 0.1 0.0
Recognised tax expense -49.6 20.2 -43.6 21.7

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Deferred tax assets/liabilities, net, at year-end 2015-03-31 2014-03-31
Group Assets Liabilities Net Assets Liabilities Net
Non-current assets 3.8 -155.9 -152.1 1.9 -138.7 -136.8
Untaxed reserves -95.6 -95.6 -94.7 -94.7
Pension provisions 32.7 -0.5 32.2 18.1 -0.9 17.2
Other 4.8 -2.5 2.3 3.8 -0.9 2.9
Net recognised -37.5 37.5 0.0 -21.1 21.1 0.0
Deferred taxes, net, at year–end 3.8 -217.0 -213.2 2.7 -214.1 -211.4
 

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2014/2015
Group Amount at start of year Recognised in profit or loss Acquisitions and disposals Recognised in other comprehensive income Translation effects Amount at year-end
Non-current assets -136.8 21.1 -36.4 0.0 -152.1
Untaxed reserves -94.7 0.0 -0.9 -95.6
Pension provisions 17.2 0.6 14.2 0.2 32.2
Other 2.9 -0.2 -0.2 -0.2 2.3
Deferred taxes, net -211.4 21.5 -37.3 14.0 0.0 -213.2
  2013/2014
Group Amount at start of year Recognised in profit or loss Acquisitions and disposals Recognised in other comprehensive income Translation effects Amount at year-end
Non-current assets -126.3 22.7 -32.4 -0.8 -136.8
Untaxed reserves -86.4 -1.7 -6.6 -94.7
Pension provisions 17.7 -0.4 0.0 -0.1 17.2
Other 7.9 -4.8 0.1 -0.3 2.9
Deferred taxes, net -187.1 15.8 -39.0 0.1 -1.2 -211.4

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2014/2015 2013/2014
Parent Company Amount at start of year Recognised in profit or loss Amount at year-end Amount at start of year Recognised in profit or loss Amount at year-end
Financial instruments 0.2 0.3 0.5 -0.4 0.6 0.2
Deferred taxes, net 0.2 0.3 0.5 -0.4 0.6 0.2
             
There are no non-capitalised tax loss carry-forwards in the Group (-).