Note 15 - Deferred tax assets/deferred tax liabilities

	Group			Parent Company
2007/2008	Assets	Liabilities	Net	Assets	Liabilities	Net
Deferred tax relating to untaxed reserves	—	16,677	16,677	—	—	—
Deferred tax relating to other deductible temporary differences	—	9,257	9,257	—	5,328	5,328
Deferred tax relating to loss carryforwards	– 8,154	—	– 8,154	—	—	—
Total	– 8,154	25,934	17,780	—	5,328	5,328

On May 1, 2007, deferred net income tax liabilities amounted to SEK 19,287,000. During 2007/2008, deferred net income tax liabilities decreased by SEK 1,507,000, of which SEK 3,453,000 pertained to an increase in deferred tax on untaxed reserves and SEK 384,000 pertained to a reduction in tax on other deductible temporary differences.

In total, loss carryforwards including temporary differences in terms of tax and carrying amount on assets amounted to SEK 40,689,000.

	Group			Parent Company
2008/2009	Assets	Liabilities	Net	Assets	Liabilities	Net
Deferred tax relating to untaxed reservesr	—	15,690	15,690	—	—	—
Deferred tax relating to other deductible temporary differences	—	9,146	9,146	—	4,379	4,379
Deferred tax relating to loss carryforwards	– 9,858	—	– 9,858	– 7,277	—	– 7,277
Total	– 9,858	24,836	14,978	– 7,277	4,379	– 2,898

On May 1, 2008, deferred net income tax liabilities amounted to SEK 17,780,000. During 2008/2009, deferred net income tax liabilities decreased by SEK 2,802,000, of which SEK 987,000 pertained to a reduction in deferred tax on untaxed reserves and SEK 1,815,000 pertained to a reduction in tax on other deductible temporary differences.

In total, loss carryforwards including temporary differences in terms of tax and carrying amount on assets amounted to SEK 112,161,000. Of this amount, it is estimated that it will be possible to utilize SEK 36,891,000 in coming years. The value of this was recognized as SEK 9,858,000. Deferred tax assets increased by SEK 1,704,000.

The new tax rate of 26.3% was used in the calculation of deferred tax claims/liabilities and generated a positive impact of SEK 1,347,000.

	Group			Parent Company
2009*	Assets	Liabilities	Net	Assets	Liabilities	Net
Deferred tax relating to untaxed reserves	—	9,941	9,941	—	—	—
Deferred tax relating to other deductible temporary differences	—	6,569	6,569	—	6,228	6,228
Deferred tax relating to loss carryforwards	– 32,132	—	– 32,132	– 32,132	—	– 32,132
Total	– 32,132	16,510	– 15,622	– 32,132	6,228	– 25,904

On May 1, 2009, deferred net income tax liabilities amounted to SEK 14,978,000. During 2009, deferred net income tax assets rose SEK 36,828,000, of which SEK 5,749,000 pertained to a reduction in deferred tax on untaxed reserves and SEK 8,805,000 pertained to a reduction in tax on other deductible temporary differences.

Due to expected future gains, Hemtex is expected to be able to take advantage of certain recognized loss carryforwards, which is why deferred tax assets are recognized as such items. All recognized loss carryforwards pertain to loss carryforwards that arose in Sweden. Unutilized, unrecognized loss carryforwards are found in the Group’s foreign units. The current assessment is that earnings capacity is not sufficient to be able to utilize any of this amount.

In total, loss carryforwards including temporary differences in terms of tax and carrying amount on assets amounted to SEK 210,054,000. Of this amount, it is estimated that it will be possible to utilize SEK 122,174,000 in future years. The value of this was recognized as SEK 32,132,000. Deferred tax assets increased by SEK 22,274,000.

* Pertains to the abbreviated fiscal year May 1–December 31, 2009.