Axactor Annual Report 2016

Temporary differences SEK thousand 2016 2015 Non-current fixed assets and portfolios -17,620 - Non-current intangible assets -35,663 -11,357 Current assets - - Non-current liabilities 1,897 - Current liabilities 374 - Losses carried forward 7,790 - Net income tax reduction temporary differences -43,222 -11,357 Net deferred tax asset 13,799 Net deferred tax liability 57,021 11,357 Axactor AB has losses to be carried forward. The tax losses are not recognized as a deferred tax asset due to uncertainty relating to utilization in the Swedish tax regime. As per 31.12.2016 the most of the operating activity is outside Sweden, thus utilization through the group contribution may be limited. There is no time limit associated with the utilization of the losses. Note 12 Earnings per share Basic earnings per share (EPS) are calculated by diving the profit attributable to equity holders of the Company by the weighted average number of ordinary shares in Issue during the year, based on the following data: Diluted EPS amounts are calculated by dividing the profit attributable to ordinary equity holders of the Company by weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be Issued on conversion of all the dilutive potential ordinary shares into ordinary shares. The following reflects the Income and share data used in the basic and diluted EPS calculations: SEK thousand 2016 2015 Profit/Loss from continuing operatins attributable to owners of the parent -106,428 -61,318 Profit/Loss from discontinuing operatins attributable to owners of the parent - -105,288 Total -106,428 -166,606 Weighted average number of ordinary shares (In thousands) 849,072 133,687 Effects of dilution from share options 40,097 0 Weighted average number of ordinary shares adjusted for the effect of dilution (In thousands) 889,169 133,687 Basic earnings per share (SEK) -0.13 -0.46 Diluted earnings per share (SEK) - - Basic earnings per share for discontinuing operations (SEK) - -1.25 Diluted earnings per share for discontinuing operations (SEK) - - Axactor AB | Annual report 2016 46