Note 11 – Taxes
| Group | 2016 | 2015 |
| Current tax expense (–)/tax asset (+) | ||
| Tax expense/tax asset for the period | -18 | -3 |
| Adjustment of tax attributable to prior years | 0 | 0 |
| Total | -18 | -3 |
| Deferred tax expense (–)/tax asset (+) | ||
| Deferred tax related to temporary differences | 0 | 0 |
| Deferred tax asset attributable to tax loss carryforwards capitalized during the year | 10 | 6 |
| Deferred tax expense attributable to utilization of previously capitalized tax value in tax-loss carryforwards | 0 | 0 |
| Deferred tax attributable to change in tax rate | – | – |
| Deferred tax expense attributable to impairment of capitalized tax value attributable to tax-loss carryforwards | -1 | -11 |
| Others | 0 | 1 |
| Total | 9 | -4 |
| Total consolidated reported tax expense (-)/tax asset (+) | -9 | -7 |
| Parent Company | 2016 | 2015 |
| Current tax expense (–)/tax asset (+) | ||
| Tax expense/tax asset for the period | – | – |
| Adjustment of tax attributable to prior years | – | – |
| Total | – | – |
| Deferred tax expense (–)/tax asset (+) | ||
| Deferred tax related to temporary differences | 10 | 6 |
| Total | 10 | 6 |
| Total reported tax expense (-)/ tax asset (+) Parent Company | 10 | 6 |
| Reconciliation of effective tax | 2016 | 2015 |
| Group | ||
| Profit/loss before tax | -11 | -162 |
| Tax at prevailing rate for the Parent Company | 2 | 36 |
| Effect of different tax rates for foreign subsidiaries | 0 | -1 |
| Non-deductible expenses | -3 | -28 |
| Non-taxable Revenues | 0 | 0 |
| Increase of loss carryforward without corresponding capitalization of deferred tax | -9 | -12 |
| Taxes attributable to previous years | 0 | – |
| Share in earnings of joint venture | 2 | 0 |
| Other | -1 | -3 |
| Recognized effective tax | -9 | -7 |
| Reconciliation of the effective tax rate for the Group is based on a weighted average of the nominal tax rates that apply to each of the companies within the Group included in continuing operations. | ||
| Reconciliation of effective tax | 2016 | 2015 |
| Parent Company | ||
| Profit/loss before tax | -67 | -230 |
| Tax at prevailing rate for the Parent Company | 15 | 51 |
| Non-deductible expenses | -12 | -52 |
| Non-taxable Revenues | 7 | 7 |
| Other | – | 0 |
| Recognized effective tax | 10 | 6 |
| Tax items recognized in other comprehensive income | ||
| Group | 2016 | 2015 |
| Current tax for currency risk hedging in foreign operations | 4 | -3 |
| Total tax in other comprehensive income | 4 | -3 |
| Tax items recognized directly in equity | ||
| Group | 2016 | 2015 |
| Tax items recognized directly in equity | – | – |