Note 25 – Deferred tax assets and tax liabilities

2017
Group Deferred tax receivable Deferred tax
liabilities
Net
Intangible assets 0 -20 -20
Buildings and land 0 -1 -1
Machinery and equipment 0 -3 -3
Inventory 0 0 0
Accounts receivable 1 1
Other provisions 0 0 0
Interest-bearing liabilities 1 1
Loss carryforwards 49 49
Other 1) 5 -19 -14
56 -43 13
Offset 0 0 0
Net deferred tax liability 56 -43 13
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

1) Mostly related to a defferred tax liability in Estonia. In Estonia, the tax is paid first when the dividend is paid to the Parent Company.

2017
Parent Company Deferred tax
receivable
Deferred tax
liabilities
Net
Loss carryforwards 43 43
43 43
Offset
Net deferred tax asset 43 43
2016
Parent Company Deferred tax
receivable
Deferred tax
liabilities
Net
Loss carryforwards 44 44
44 44
Offset
Net deferred tax asset 44 44

Change of deferred tax in temporary differences and loss carryforwards

Group
2017 Carrying amount at beginning of period Recognized in
profit or loss
Recognized
in equity 1)
Carrying amount
at end of period
Intangible assets -19 0 -1 -20
Buildings and land -1 0 0 -1
Machinery and equipment -4 1 0 -3
Inventory 0 0 0 0
Accounts receivable 1 0 0 1
Other provisions 0 0 0 0
Interest-bearing liabilities 2 0 0 2
Loss carryforwards 47 2 0 49
Other -18 3 0 -15
8 6 -1 13

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

1) Includes translation differences on deferred tax.

Change of deferred tax in temporary differences and loss carryforwards

Parent Company
2017 Carrying amount at beginning of period Recognized in profit or loss Recognized
in equity
Carrying amount
at end of period
Loss carryforwards 44 -1 43
44 -1 43

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

Of the Group’s capitalized deferred tax assets on tax loss carryforwards, assets of SEK 3 M (2) are limited to a period of five years. These assets refers 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 39 M (35). 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.