RR 9 Income Taxes.
Taxes in the income statement except when the underlying transaction is recognized directly in equity, whereby the associated tax effect is recognized in equity.
Total tax includes current and deferred tax. Current tax is the tax payable or refundable for the current year. Deferred tax is calculated on temporary differences between the tax bases of assets and liabilities. The amounts are calculated based on how the temporary differences are expected to be chosen by applying the tax rates and is asking ended or substantially enacted at the balance sheet date. The legal entities, untaxed reserves including deferred tax. In the consolidated accounts, untaxed reserves are divided into deferred tax liabilities and equity. Deferred tax assets on loss carryforwards and deductible temporary differences are recognized to the extent it is likely that these will result in lower tax payments in the future. Deferred tax is not accounted for as goodwill.