Note 15 Taxes

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Note 15 Taxes              
               
Temporary differences Change 2015 2014 2012      
Fixed assets -2 104 1 871 -233 184      
Profit and loss account 485 1 939 2 424 3 787      
Long-term debt/amortised cost 4 848 6 739 11 587 9 457      
Accounts receivable 0 0 0 0      
Financial instruments -2 324 -15 582 -17 907 -13 805      
Revaluation account non-current liabilities -54 134 157 118 102 985 0      
Cash-based options 2 806 -6 302 -3 496 -10 029      
Net temporary differences/ basis for deferred tax in balance sheet -50 423 145 783 95 360 -10 405      
Carryforwards 0 0 0 -73 722      
Endring i ubenyttet fradrag for kildeskatt 0 0 0 -5 341      
Ubenyttet godtgjørelse og korreksjonsinntekt 0 0 0 -61      
Basis for deferred tax in balance sheet -50 422 145 783 95 360 -89 530      
               
Deferred tax assets 27% -13 614 39 361 25 747 -25 068      
Change in deffered tax assets due to change in tax rate 2 916 -2 916 0 0      
Deferred tax/deferred tax assets in balance sheet -10 699 36 446 25 748 -25 068      
               
Change in deferred tax in balance sheet   -10 699 -21 927 -19 240      
Change in deferred tax in income statement   -10 699 -21 927 -19 240      
               
The tax charge for the year arises as follows:              
Basis for tax payable   2015 2014 2012      
Profit before taxes   51 015 82 476 -70 737      
Increased group contribution previous years, recognised in 2013 and 2012   0 0 -395      
Group contribution entered as income   -39 091 -33 651 -18 174     Tatt vekk en linje – nr 27
Recognised share dividends   -30 -28 -25      
Other permanent differences   -563 -1 241 628      
Basis for tax expense for the year   11 331 47 557 -88 703      
Change in temporary differences   -50 423 -81 209 6 204      
Basis for tax payable in the income statement   -39 093 -33 651 -82 499      
Group contribution received   39 091 33 651 18 174     Tatt vekk 3 linje – nr 35,36,37
Taxable profit before application of tax loss carried forward   0 0 -64 324      
To be carried forward (application of tax loss carried forward)   0 0 73 722      
Taxable profit   0 0 0      
Basis for tax payable   0 0 0      
               
28% of the basis for tax payable (tax expense in the income statement) 0 0 0      
Repayment of withholding tax   28 -16 5      
Tax effect of foreign tax not credited Norwegian tax   648 1 401 1 496      
Change in deferred tax   13 614 21 927 -19 240      
Change in deferred tax due to change of rate with 2%   -2 916 0 0      
Total tax charge   11 375 23 313 -17 739      
               
Reconciliation of tax expense   Basis Basis Grunnlag      
               
Profit before taxes   51 015 82 476 -70 737      
Estimated tax 27%   13 774 22 269 -19 806      
Tax expense in income statement   -11 375 -23 312 -17 739      
Difference   2 400 -1 043 -2 067      
               
The difference consists of the following:              
27% of permanent differences   152 335 58      
Change in unutilised credit allowance/dividend payments   -312 -694 315      
Tax effect of foreign tax not credited Norwegian tax   676 1 401 1 501      
Endring i ligningen fra tidligere år   0 0 193      
Change in tax/deferred tax due to change of rate   -2 916 0 0      
Total explained difference   -2 400 1 043 2 067      
               
Tax payable in the balance sheet   2 015 2 014 2012      
Tax payable (27% of the basis for tax payable)   0 0 0      
Tax payable in balance sheet   0 0 0      
               
Tax loss carried forward   0 0 73 722      
               

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