Axactor Annual Report 2016

Note 10 Financial Items SEK thousand 31.12.2016 31.12.2015 Financial revenue Interest on bank deposits 864 - Re-evaluation external investments 3,011 - Exchange gains 7,331 162 Sale of group company - 167 Total financial revenue 11,206 329 Financial expenses Sale of group company - -9,532 Interest expenses on borrowings -19,247 -747 Exchange losses -12,824 -19,939 Other financial expenses -1,795 - Total financial expenses -33,866 -30,218 Net finance -22,660 -29,889 Note 11 Income tax and tax assets and liability Income tax calculation SEK thousand 2016 2015 Ordinary result before taxes -113,455 -61,318 Proft before tax from discontinued operation - -105,288 Basis for income tax -113,455 -166,606 Income tax payable 24,960 13,490 Tax effect of change in net deferred income tax liability/asset 5,583 - Tax effect on permanent differences -39 -2,098 Effect on foreign exchange rates 253 - Adjustments for 2015 -1,647 - Tax losses for which no deferred tax asset was recognized -16,182 -11,392 Tax effect tax rate reduction -845 - Effect on different tax rates from Sweden -5,057 - Income tax expense 7,027 - Axactor AB | Annual report 2016 45