Note 10 Taxes

All amounts in SEKm unless otherwise stated

	Group		Parent Company
	2014	2015	2014	2015
Current taxes	–881	–1,252	–40	–53
Deferred taxes	126	719	117	156
Taxes included in income for the period	–755	–533	77	103
Taxes related to OCI	798	–85	–1	–1
Taxes included in total comprehensive income	43	–618	76	102

There were no material effects of changes in tax rates in 2015 or 2014. The consolidated accounts include deferred tax liabilities of SEK 99m (87) related to untaxed reserves in the Parent Company.

Theoretical and actual tax rates

%	2014	2015
Theoretical tax rate	28.8	28.9
Non-taxable/non-deductible income statement items, net	–0.1	3.0
Non-recognized tax losses carried forward	10.8	7.3
Utilized non-recognized tax losses carried forward	–2.7	–3.5
Deferred taxes	–8.9	–17.3
Withholding tax	2.6	3.7
Other	–5.3	3.3
Actual tax rate	25.2	25.4

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, 2015, the Group had tax loss carry-forwards and other deductible temporary differences of SEK 10,868m (10,260), which have not been included in computation of deferred tax assets. The decision not to recognize certain temporary differences is based on an assessment where the likelihood of future utilization is evaluated for each of the temporary items. The Group typically does not recognize temporary differences in situations where it is considered the ability to utilize these to be limited. The non-recognized deductible temporary differences will expire as follows:

	December 31, 2015
2015	1
2016	165
2017	152
2018	243
2019	299
2020–	4,406
Without time limit	5,602
Total	10,868

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 pension	Provision for restructuring	Other provisions	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, 2014	–232	407	527	904	–243	785	516	695	3,359	—	3,359
Recognized in total comprehensive income	55	795	30	39	35	148	–67	–101	934	—	934
Exchange-rate differences	–44	78	16	134	–39	22	58	146	371	—	371
Closing balance, December 31, 2014	–221	1,280	573	1,077	–247	955	507	740	4,664	—	4,664
Of which deferred tax assets	323	1,307	573	1,213	178	955	507	1,295	6,351	–1 000	5,351
Of which deferred tax liabilities	–544	–27	—	–136	–425	—	—	–555	–1,687	1,000	–687
Opening balance, January 1, 2015	–221	1,280	573	1,077	–247	955	507	740	4,664	—	4,664
Recognized in total comprehensive income	–53	–79	–74	172	8	225	72	334	605	—	605
Exchange-rate differences	–21	28	–28	–49	–33	79	10	–11	–25	—	–25
Closing balance, December 31, 2015	–295	1,229	471	1,200	–272	1,259	589	1,063	5,244	—	5,244
Of which deferred tax assets	338	1,233	471	1,343	220	1,259	614	1,512	6,990	–1,101	5,889
Of which deferred tax liabilities	–633	–4	—	–143	–492	—	–25	–449	–1,746	1,101	–645

Other deferred tax assets include tax credits related to the production of energy-efficient appliances amounting to SEK 499m (463) and to foreign tax credits in US of SEK 506m (178).