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H1 Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Major components of tax expense (income) [abstract]

Components of Income Taxes Recognized in Income Statement

Income taxes recognized in the income statement

2023

2022

2021

Current income taxes for the year

–4,289

–7,353

–6,110

Current income taxes related to prior years

118

253

–337

Deferred tax income/expense (+/–)

1,406

1,617

188

Share of taxes in joint ventures and associated companies

–20

–14

–11

Income tax expense

–2,785

–5,497

–6,270

Reconciliation of Swedish Income Tax Rate with Effective Tax Rate

Reconciliation of Swedish income tax rate with effective tax rate

2023

2022

2021

Calculated tax expense at Swedish tax rate

of

20.6%

4,804

–5,070

–6,025

Effect of foreign tax rates

–884

–605

–324

Current income taxes related to prior years

118

253

–337

Remeasurement of tax loss carry-forwards

–28

–49

–175

Remeasurement of deductible temporary differences

394

15

220

Withholding tax expense

–217

–

–

Recognition of previously expensed withholding tax

–

411

969

Tax effect of non-deductible expenses

–7,311

–760

–975

Tax effect of non-taxable income

335

327

392

Tax effect of changes in tax rates

4

–19

–15

Income tax expense

–2,785

–5,497

–6,270

Effective tax rate

–11.9%

22.3%

21.4%

Tax Effects of Temporary Differences and Tax Loss Carry-forwards


Tax effects of temporary differences and tax loss carry-forwards
		Deferred tax assets				Deferred tax liabilities				Net balance
2023
Intangible assets and property, plant and equipment			1,195				7,193
RoU lease assets and similar assets			–				1,272
Current assets			3,413				1,313
Post-employment benefits			5,297				477
Provisions			3,980				–
RoU lease liabilities and similar liabilities			1,337				–
Deferred tax credits			5,453				–
Other			2,095				178
Loss carry-forwards			6,158				–
Deferred tax assets/liabilities			28,928				10,433				18,495
Netting of assets/liabilities			–6,553				–6,553
Deferred tax balances, net			22,375				3,880				18,495

2022
Intangible assets and property, plant and equipment			1,098				8,136
RoU lease assets and similar assets			–				1,311
Current assets			3,605				1,055
Post-employment benefits			5,558				571
Provisions			5,215				–
RoU lease liabilities and similar liabilities			1,394				–
Deferred tax credits			2,081				–
Other			1,837				295
Loss carry-forwards			5,190				–
Deferred tax assets/liabilities			25,978				11,368				14,610
Netting of assets/liabilities			–6,584				–6,584
Deferred tax balances, net			19,394				4, 784				14,610

Changes in Deferred Taxes, Net


Changes in deferred taxes, net
		2023				2022
Opening balance, net			14,610				22,225
Recognized in net income			1,406				1,617
Recognized in other comprehensive income			–631				–2,099
Balances regarding acquired/divested businesses			–57				–3,911
Deferred tax credits increase (+) / utilization (–)			3,249				–3,586
Translation difference			–82				364
Closing balance, net			18,495				14,610

Tax Loss Carry-forwards


Tax loss carry-forwards
		Recognized tax loss												Unrecognized tax loss
Year of expiration		Tax loss carry-forwards				Tax value								Tax loss carry-forwards				Tax value
2024			15				3								159				20
2025			16				3								153				20
2026			124				31								151				25
2027			1,101				281								92				10
2028			1,688				373								100				13
2029 or later (also includes unlimited carry-forwards)			24,722				5,467								8,263				1,731
Total			27,666				6,158								8,918				1,819

Deferred Tax Credits


Deferred tax credits
		Recognized deferred tax credits				Unrecognized deferred tax credits
Year of expiration		Tax Value				Tax Value
2024			99				135
2025			938				108
2026			46				125
2027			1,778				133
2028			1,521				8
2029 or later			1,071				639
Total			5,453				1,148