N O TE 13 Depreciation and amortiz ation M SEK 2012 2011 2010 Soft w are licenses 59.3 58.6 63.8 Other int an g ible assets 34.9 26.5 20.3 Buildin g s 13.1 14.1 18.9 M achiner y and equipment 838.8 802.8 797.7 T ot al depreciation and amortization 946.1 902.0 900.7 D EPRECIA TION AND AM OR TIZA TION F OR THE YE AR IS DIS TRIBUTED IN T h E S T A TE m ENT O f INC O m E AS BEL O W : M SEK 2012 2011 2010 Depreciation of t an g ible non-current assets Production e xpenses 602.1 582.8 563.2 Sellin g and adminis tr ativ e e xpenses 249.8 234.1 253.4 T ot al depreciation of t an g ible non-current assets 851.9 816.9 816.6 Amortization of int an g ible assets Production e xpenses 46.4 41.6 34.2 Sellin g and adminis tr ativ e e xpenses 47.8 43.5 49.9 T ot al amortization of int an g ible assets 94.2 85.1 84.1 T ot al depreciation and amortization 946.1 902.0 900.7 N O TE 14 Ne t fnancial it ems M SEK 2012 2011 2010 Interes t income from fnancial assets at fair v alue throug h proft or loss 63.4 66.9 9.2 Interes t income from loans and receiv ables 33.1 43.3 29.0 T ot al interes t income 96.5 110.2 38.2 R e v aluation of fnancial ins truments 1.0 3.3 – Other fnancial income 4.6 3.1 3.6 T ot al fnancial income 102.1 116.6 41.8 Interes t e xpenses from fnancial liabili - ties at fair v alue throug h proft or loss -47.0 -29.0 -15.9 Interes t e xpenses from fnancial liabilities designated as hed g ed item in a fair v alue hed g e -166.8 -131.6 -138.8 Interes t e xpenses from deriv ativ es designated for hed g in g 20.3 -7.1 -63.3 Interes t e xpenses from other fnancial liabilities -444.5 -406.0 -292.3 T ot al interes t e xpenses -638.0 -573.7 -510.3 R e v aluation of fnancial ins truments – -0.2 -4.5 Other fnancial e xpenses -36.9 -32.8 -25.7 Ex chan g e r ate diferences, net 1 -0.2 -2.9 -3.6 T ot al fnancial e xpenses -675.1 -609.6 -544.1 Net fnancial items -573.0 -493.0 -502.3 Of which re v aluations es timated with the use of v aluation methods 1.0 3.1 -4.5 1 Ex chan g e r ate diferences included in oper atin g income are reported in note 11. N O TE 15 Ta x e s St atement of income T AX E XPENSE M SEK 2012 % 2011 % 2010 % T ax on income before t ax es – current t ax es -526.4 -30.2 -680.1 -27.4 -735.7 -24.8 – deferred t ax es -3.2 -0.2 -61.3 -2.5 -151.5 -5.1 T ot al t ax e xpense -529.6 -30.4 -741.4 -29.9 -887.2 -29.9 The S w edish corpor ate t ax r ate w as 26.3 percent . The 2012 t ax r ate amounted to 30.4 percent . The t ax r ate before non- deductible impairment losses and t ax on items afectin g compar abilit y w as 29.8 percent . The 2011 t ax r ate amounted to 29.9 percent . The 2010 t ax r ate amounted to 29.9 percent . Deferred t ax es for the y ear include the chan g e in deferred t ax assets and deferred t ax liabilities, tr anslation diferences and deferred t ax es related to items accounted for in equit y . D I ff ERENCE BE T WEEN S T A T u T OR y S WEDIS h T AX RA TE AND A CT u AL T AX E XPENSE f OR T h E G RO u P M SEK 2012 % 2011 % 2010 % Income before t ax es accor din g to the s t ate - ment of income 1 742 2 480 2 968 T ax based on S w edish t ax r ate -458 -26.3 -652 -26.3 -781 -26.3 Diference bet w een t ax r ate in S w eden and w eig hted t ax r ates for foreign subsidiaries -20 -1.1 -102 -4.1 -95 -3.2 T ax related to pre vious y ear s 0 0.0 24 1.0 -6 -0.2 V aluation of pre viously un v alued t ax losses 74 4.2 – – – – R e v aluation of deferred t ax follo win g a chan g e in t ax r ate -58 -3.3 4 0.1 0 0.0 Other non-deductible items -79 -4.5 -23 -0.9 -15 -0.5 Other t ax e x empt items 11 0.6 8 0.3 10 0.3 Actual t ax e xpense -530 -30.4 -741 -29.9 -887 -29.9 Pro visions ha v e been made for t ax es from anticipated dividends comin g from the subsidiaries to the Parent Compan y ne xt y ear . T ax e xpense that ma y arise from dividends out of the remainin g dis tribut able earnin g s ha v e not been pro vided for . If dis tributed the t ax e xpense arisin g w ould amount to M SEK 10. Other comprehensiv e income T AX ON O T h ER C O m PRE h ENSI v E INC O m E M SEK 2012 2011 2010 Deferred t ax on actuarial gains and losses 58.3 136.3 48.8 Deferred t ax on cash fo w hed g es -2.5 -1.2 -18.9 Deferred t ax on net in v es tment hed g es 3.5 -12.9 -128.8 Deferred t ax on other comprehensiv e income 59.3 122.2 -98.9 Cu RRENT T AX AS SE T S / LIABILITIE S M SEK 2012 2011 2010 Current t ax assets 323.8 305.4 255.2 Current t ax liabilities 237.0 253.4 285.5 Current t ax assets / liabilities, net 86.8 52.0 -30.3 101 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012