Note 25 – Deferred tax assets and tax liabilities

2016
Group Deferred tax receivable Deferred tax liabilities Net
Intangible assets 0 -19 -19
Buildings and land 0 -1 -1
Machinery and Equipment 0 -4 -4
Inventory 0 0 0
Accounts receivable 1 1
Other provisions 0 0 0
Interest-bearing liabilities 2 2
Loss carryforwards 47 47
Other 1) 2 -20 -18
52 -44 8
Offset -1 1
Net deferred tax liability 51 -43 8
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
Other 1) 0 -18 -18
43 -42 1
Offset -1 1
Net deferred tax liability 42 -41 1

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.

2016
Parent Company Deferred tax
receivable
Deferred tax liabilities Net
Loss carryforwards 44 44
44 44
Offset
Net deferred tax asset 44 44
2015
Parent Company Deferred tax
receivable
Deferred tax liabilities Net
Loss carryforwards 34 34
34 34
Offset
Net deferred tax asset 34 34

Change of deferred tax in temporary differences and loss carryforwards

Group
2016 Carrying amount at beginning of period Recognized in
profit or loss
Recognized in Equity 1) Carrying amount
at end of period
Intangible assets -19 1 -1 -19
Buildings and land -1 1 -1 -1
Machinery and Equipment -3 -1 0 -4
Inventory 1 -1 0 0
Accounts receivable 1 0 0 1
Other provisions 0 0 0 0
Interest-bearing liabilities 2 0 0 2
Loss carryforwards 38 9 0 47
Other -18 0 0 -18
1 9 -2 8
Group
2015 Carrying amount at beginning of period Recognized in
profit or loss
Recognized in Equity 1) 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

1) Includes translation differences on deferred tax.

Change of deferred tax in temporary differences and loss carryforwards

Parent Company
2016 Carrying amount at beginning of period Recognized in profit or loss Recognized
in equity
Carrying amount
at end of period
Loss carryforwards 34 10 44
34 10 44
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

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

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 35 M (32). Unrecognized tax-loss carryforwards for the year are attributable to the loss making companies in Poland and Czech Republic. The unrecognized amounts are equivalent to the portion of such carryforwards considered unlikely to be utilizable against future taxable results.