Note 25 – Deferred tax assets and tax liabilities

2015
Group	Deferred tax receivable	Deferred tax liabilities	Net
Intangible assets	0	-19	-19
Buildings and land	0	-1	-1
Machinery and Equipment	2	-5	-3
Inventory	1	0	1
Accounts receivable	1	–	1
Other provisions	0	–	0
Interest-bearing liabilities	2	–	2
Loss carryforwards	38	–	38
Other¹⁾	0	-18	-18
	43	-42	1
Offset	-1	1	–
Net deferred tax liability	42	-41	1

2014
Group	Deferred tax receivable	Deferred tax liabilities	Net
Intangible assets	0	-20	-20
Buildings and land	–	-5	-5
Machinery and equipment	1	-6	-5
Inventory	1	0	1
Accounts receivable	3	–	3
Other provisions	0	–	0
Interest-bearing liabilities	2	–	2
Loss carryforwards	44	–	44
Other¹⁾	2	-18	-16
	53	-49	4
Offset	-5	5	–
Net deferred tax liability	48	-44	4

¹⁾ Mostly related to a deferred tax liability in Estonia. In Estonia, the tax is paid first when the dividend is paid to the parent company.

2015
Parent Company	Deferred tax receivable	Deferred tax liabilities	Net
Loss carryforwards	34	–	34
	34	–	34
Offset	–	–	–
Net deferred tax asset	34	–	34

2014
Parent Company	Deferred tax receivable	Deferred tax liabilities	Net
Loss carryforwards	28	–	28
	28	–	28
Offset	–	–	–
Net deferred tax asset	28	–	28

Change of deferred tax in temporary differences and loss carryforwards

Group
2015	Carrying amount at beginning of period	Recognized in profit or loss	Recognized in equity¹⁾	Carrying amount at end of period
Intangible assets	-20	0	1	-19
Buildings and land	-5	4	0	-1
Machinery and Equipment	-5	1	1	-3
Inventory	1	0	0	1
Accounts receivable	3	-2	0	1
Other provisions	0	0	0	0
Interest-bearing liabilities	2	0	0	2
Loss carryforwards	44	-6	0	38
Other	-16	-2	0	-18
	4	-5	2	1


2014	Carrying amount at beginning of period	Recognized in profit or loss	Recognized in equity¹⁾	Carrying amount at end of period
Intangible assets	-20	1	-1	-20
Buildings and land	-5	0	0	-5
Machinery and equipment	-6	1	0	-5
Inventory	1	0	0	1
Accounts receivable	3	0	0	3
Other provisions	0	0	0	0
Interest-bearing liabilities	2	0	0	2
Loss carryforwards	35	10	-1	44
Other	-15	-1	0	-16
	-5	11	-2	4

¹⁾ Includes translation differences on deferred tax.

Change of deferred tax in temporary differences and loss carryforwards

Parent Company
2015	Carrying amount at beginning of period	Recognized in profit or loss	Recognized in equity	Carrying amount at end of period
Loss carryforwards	28	6	–	34
	28	6	–	34


2014	Carrying amount at beginning of period	Recognized in profit or loss	Recognized in equity	Carrying amount at end of period
Loss carryforwards	4	24	–	28
	4	24	–	28

Of the Group’s capitalized deferred tax assets on tax loss carryforwards, assets of SEK 2 M (14) are limited to a period of five to seven years. These assets pertain to Poland and Slovakia.

Unrecognized deferred tax assets

In the Balance Sheet, deferred tax assets have not been recognized for tax loss carryforwards for a deferred tax value of SEK 32 M (27). Unrecognized tax-loss carryforwards for the year are attributable to the loss making companies in Other Units. The unrecognized amounts are equivalent to the portion of such carryforwards considered unlikely to be utilizable against future taxable results.