Note 11 – Taxes
| Group | 2017 | 2016 |
| Current tax expense (–)/tax asset (+) | ||
| Tax expense/tax asset for the period | -15 | -18 |
| Adjustment of tax attributable to prior years | 0 | 0 |
| Total | -15 | -18 |
| Deferred tax expense (–)/tax asset (+) | ||
| Deferred tax attributable to temporary differences | 0 | 0 |
| Deferred tax attributable to tax loss carryforwards | 5 | 10 |
| Deferred tax attributable to change in tax rate | – | – |
| Deferred tax expense attributable to impairment of capitalized tax value attributable to tax-loss carryforwards | – | -1 |
| Others | 0 | 0 |
| Total | 5 | 9 |
| Total consolidated reported tax expense (-)/tax asset (+) | -10 | -9 |
| Parent Company | 2017 | 2016 |
| Current tax expense (–)/tax asset (+) | ||
| Tax expense/tax asset for the period | 0 | – |
| Adjustment of tax attributable to prior years | – | – |
| Total | 0 | – |
| Deferred tax expense (–)/tax asset (+) | ||
| Deferred tax related to temporary differences | -1 | 10 |
| Total | -1 | 10 |
| Total reported tax expense (-)/ tax asset (+) Parent Company | -1 | 10 |
| Reconciliation of effective tax | 2017 | 2016 |
| Group | ||
| Profit/loss before tax | 34 | -11 |
| Tax at prevailing rate for the Parent Company | -8 | 2 |
| Effect of different tax rates for foreign subsidiaries | 0 | 0 |
| Non-deductible expenses | -7 | -3 |
| Non-taxable revenues | 4 | 0 |
| Increase of loss carryforward without corresponding capitalization of deferred tax | -3 | -9 |
| Taxes attributable to previous years | – | 0 |
| Share in earnings of joint venture | 2 | 2 |
| Other | 0 | -1 |
| Recognized effective tax | -10 | -9 |
| 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 | 2017 | 2016 |
| Parent Company | ||
| Profit/loss before tax | 0 | -67 |
| Tax at prevailing rate for the Parent Company | 0 | 15 |
| Non-deductible expenses | -24 | -12 |
| Non-taxable revenues | 23 | 7 |
| Other | – | – |
| Recognized effective tax | -1 | 10 |
| Tax items recognized in other comprehensive income | ||
| Group | 2017 | 2016 |
| Current tax for currency risk hedging in foreign operations | 3 | 4 |
| Total tax in other comprehensive income | 3 | 4 |
| Tax items recognized directly in equity | ||
| Group | 2017 | 2016 |
| Tax items recognized directly in equity | – | – |