Note 10 Taxes

	Group		Parent Company
	2013	2014	2013	2014
Current taxes	–1,240	–881	–53	–40
Deferred taxes	1,008	126	818	117
Taxes included in income for the period	–232	–755	765	77
Taxes related to OCI	–607	798	–6	–1
Taxes included in total comprehensive income	–839	43	759	76

There were no material effects of changes in tax rates in 2014 or 2013. The consolidated accounts include deferred tax liabilities of SEK 87m (123) related to untaxed reserves in the Parent Company.

Theoretical and actual tax rates

%	2013	2014
Theoretical tax rate	30.5	28.8
Non-taxable/non-deductible income statement items, net	–4.5	–0.1
Non-recognized tax losses carried forward	9.3	10.8
Utilized non-recognized tax losses carried forward	–6.1	–2.7
Other changes in estimates relating to deferred tax	–21.9	–8.9
Withholding tax	11.1	2.6
Other	7.2	–5.3
Actual tax rate	25.6	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.

Non-recognized deductible temporary differences

As of December 31, 2014, the Group had tax loss carry-forwards and other deductible temporary differences of SEK 10,260m (9,534), which have not been included in computation of deferred tax assets. The non-recognized deductible temporary differences will expire as follows:

	December 31, 2014
2015	4
2016	38
2017	148
2018	115
2019	315
And thereafter	4,519
Without time limit	5,121
Total	10,260

Changes in deferred tax assets and liabilities

The table below shows the movement in net deferred tax assets and liabilities.

Net deferred tax assets and liabilities

	Excess of depreciation	Provision for warranty	Provision for pension	Provision for restructuring	Inventories	Recognized unused tax losses	Accrued expenses and prepaid income	Other	Total deferred tax assets and liabilities	Set-off tax	Net deferred tax assets and liabilities
Opening balance, January 1, 2013	–283	76	986	336	–232	669	566	921	3,039	—	3,039
Recognized in total comprehensive income	53	51	–610	164	–9	101	–29	651	372	—	372
Exchange-rate differences	–2	–13	31	27	–2	15	–21	–87	–52	—	–52
Closing balance, December 31, 2013	–232	114	407	527	–243	785	516	1,485	3,359	—	3,359
Of which deferred tax assets	131	190	561	527	141	785	516	2,175	5,026	–641	4,385
Of which deferred tax liabilities	–363	–76	–154	—	–384	—	—	–690	–1,667	641	–1,026
Opening balance, January 1, 2014	–232	114	407	527	–243	785	516	1,485	3,359	—	3,359
Recognized in total comprehensive income	55	–3	795	30	35	148	–67	–59	934	—	934
Exchange-rate differences	–44	12	78	16	–39	22	58	268	371	—	371
Closing balance, December 31, 2014	–221	123	1,280	573	–247	955	507	1,694	4,664	—	4,664
Of which deferred tax assets	323	213	1,307	573	178	955	507	2,295	6351	–1,000	5,351
Of which deferred tax liabilities	–544	–90	–27	—	–425	—	—	–601	–1,687	1,000	–687

Other deferred tax assets include tax credits related to the production of energy-efficient appliances amounting to SEK 463m (573).