New Wave Group AB Annual_report_2018_EN_HQ | Page 89

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 12 - Tax expense
SEK million 2018 2017
Current tax
Tax attributable to previous years
Total current tax expense -94.9
-2.2
-97.1 -71.4
-0.4
-71.8
Deferred tax relating to temporary differences and loss carry-forwards
Total recorded tax expense on result for the year 15.3
-81.8 8.6
-63.2
The Group's tax expense for the year amounted to SEK 81.8 million (SEK 63.2 million) or 18.5 % (15.2 %) on result before tax.
Reconciliation of actual tax
Reconciliation between the Group's weighted average tax rate, based on each respective country's tax rate, and the Group's actual tax:
SEK million 2018 % 2017 %
Result before tax
Tax expense based on respective country's tax rate 441.8
-89.3 -20.2 417.3
-81.0 -19.4
Tax effects from:
Non-taxable income
Non-deductible expenses
Tax arrears assessment
Regional and other variations regarding tax rates
Changed tax rate in USA *
Reverse of previous activated loss carry-forwards
Taking in use previously not activated loss carry-forwards
Not activated loss carry-forwards
Temporary differences
Other
Total recorded tax expense on result for the year 0.9
-2.5
-2.2
-0.1
0.0
-9.0
10.6
-11.8
18.6
3.0
-81.8 0.2
-0.6
-0.5
0.0
0.0
-2.0
2.4
-2.7
4.2
0.7
-18.5 4.4
-5.7
-0.4
-2.3
9.3
-5.8
15.6
-1.9
4.8
-0.2
-63.2 1.1
-1.4
-0.1
-0.6
2.2
-1.4
3.7
-0.5
1.1
0.0
-15.2
* The reduced corporate tax rate in the United States has decreased the deferred tax asset on temporary differences with
SEK 13.6 million and the deferred tax liability on Group values with SEK 22.9 million during 2017.
ANNUAL REPORT // 089