Note 10 - Taxes

	Group		Parent Company
	2010	2009	2010	2009
Current taxes	–1,779	–515	–113	7
Deferred taxes	470	–362	–170	167
Taxes included in income for the period	–1,309	–877	–283	174
Current tax related to OCI	—	—	–52	–12
Deferred tax related to OCI	–30	—	7	—
Taxes included in total comprehensive income	–1,339	–877	–328	162

Deferred taxes in 2010 include a negative effect of SEK –16m (–5) due to changes in tax rates. The low level of current tax in 2009 relates mainly to the effect of an extended period for tax loss carry-back in the US. As a result of this amended legislation, a tax refund was received in the fist quarter of 2010, amounting to SEK 370m. The consolidated accounts include deferred tax liabilities of SEK 165m (205) related to untaxed reserves in the Parent Company.

Theoretical and actual tax rates
%	2010	2009
Theoretical tax rate	31.3	31.2
Non-recognized tax losses carried forward	2.1	11.2
Non-taxable/non-deductible income statement items, net	2.6	1.0
Changes in estimates relating to deferred tax	–4.6	–1.5
Utilized tax losses carried forward	–6.7	–12.6
Withholding tax	1.0	0.4
Change in recognition of US tax credits	–6.6	2.9
Other	5.6	–7.4
Actual tax rate	24.7	25.2

The theoretical tax rate for the Group is calculated on the basis of the weighted total Group net sales per country, multiplied by the local statutory tax rates. The effective tax rate for 2010 was positively impacted by recognition of US tax credits. The effective tax rate in 2009 was positively impacted by a reversal of a tax provision following a tax settlement in a European country.

Non-recognized deductible temporary differences

As of December 31, 2010, the Group had tax loss carry-forwards and other deductible temporary differences of SEK 4,461m (6,720), which have not been included in computation of deferred tax assets. The non-recognized deductible temporary differences will expire as follows:

	December 31, 2010
2011	363
2012	350
2013	227
2014	227
2015	152
And thereafter	1,389
Without time limit	1,753
Total	4,461

Changes in deferred tax assets and liabilities

The table below shows net deferred tax assets and liabilities. Deferred tax assets and deferred tax liabilities amounted to the net deferred tax assets and liabilities in the balance sheet.


Net deferred tax assets and liabilities
	Excess of depreciation	Provision for warranty	Provision for pension	Provision for restruc- turing	Obsole-scense allow- ance	Unrea-lized profit in stock	Recog-nized unused tax losses	Other	Total deferred tax assets and liabilities	Set-off tax	Net deferred tax assets and liabilities
Opening balance, January 1, 2009	–748	266	1,017	57	95	49	341	1,263	2,340	—	2,340
Recognized in total comprehensive income	44	1	–575	183	14	—	–11	–18	–362	—	–362
Divested operations	—	—	—	—	—	—	—	—	—	—	—
Exchange differences	28	7	–38	–12	–2	–2	–15	–70	–104	—	–104
Closing balance, December 31, 2009	–676	274	404	228	107	47	315	1,175	1,874	—	1,874
Of which deferred tax assets	4	299	631	228	120	50	315	2,085	3,732	–1,039	2,693
Of which deferred tax liabilities	–680	–25	–227	—	–13	–3	—	–910	–1,858	1,039	–819

Opening balance, January 1, 2010	–676	274	404	228	107	47	315	1,175	1,874	—	1,874
Recognized in total comprehensive income	200	–30	–155	259	–16	3	–73	252	440	—	440
Divested operations	—	—	—	—	—	—	—	—	—	—	—
Exchange differences	37	–12	–19	–25	–5	–7	–9	–99	–139	—	–139
Closing balance, December 31, 2010	–439	232	230	462	86	43	233	1,328	2,175	—	2,175
Of which deferred tax assets	82	258	535	462	95	43	233	2,173	3,881	–900	2,981
Of which deferred tax liabilities	–521	–26	–305	—	–9	—	—	–845	–1,706	900	–806

Other deferred tax assets include tax credits related to production of energy-efficient appliances amounting to SEK 1,036m (753).