N O TE 45 T ax 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 -0.6 -13.4 -15.8 – deferred t ax es -56.0 5.9 -59.9 T ot al t ax e xpense -56.6 -7.5 -75.7 The S w edish Corpor ate t ax r ate w as 26.3 percent in 2012, 2011 and 2010. 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 P ARENT C O m P AN y M SEK 2012 2011 2010 Income before t ax es accor din g to the s t atement of income 3  498 2 101 1 821 T ax based on S w edish t ax r ate -920 -553 -479 T ax related to pre vious y ear s 16 12 16 T ax related to non-t axable income 3  186 1 261 1 628 T ax related to non-deductible e xpenses -2   339 -728 -1 241 Actual t ax e xpense -57 -8 -76 T ax related to non-t axable income mainly relates to dividends from subsidiaries. T ax related to non-deductible e xpenses mainly relates to write-do wn of shares in subsidiaries. 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 cash fo w hed g es -2.5 -1.2 -18.9 Deferred t ax on net in v es tment hed g es 58.2 -4.7 59.2 Deferred t ax on other comprehensiv e income 55.7 -5.9 40.3 B alance sheet Deferred t ax assets for 2012, 2011 and 2010 are at tribut able to emplo y ee related debt . T ax loss carr y for w ar ds The t ax loss carr y for w ar ds for the Parent Compan y amounted to M SEK 0 (0 and 0) as of December 31, 2012. N O TE 46 Intangible as se ts 1 M SEK 2012 2011 2010 Openin g balance 164.4 147.5 136.2 Capit al e xpenditures 31.3 18.9 11.3 R eclassifcation – -2.0 – Closin g accumulated balance 195.7 164.4 147.5 Openin g amortization -71.6 -62.1 -53.5 Amortization for the y ear -9.3 -9.5 -8.6 Closin g accumulated amortization -80.9 -71.6 -62.1 Closin g residual v alue 114.8 92.8 85.4 1 M ainly related to Securit as ’ Guar d M ana g ement S ys tem. F urthermore the br and name Securit as in one of the Group ’ s countries of oper ations is included with M SEK 15.9 (15.9 and 0.0). The tr ademark is tes ted annually for impairment . R efer to note 16 section impairment tes tin g for further information. N O TE 47 Machiner y and equipment M SEK 2012 2011 2010 Openin g balance 14.9 14.3 14.2 Capit al e xpenditures 0.4 0.6 0.1 Closin g accumulated balance 15.3 14.9 14.3 Openin g depreciation -12.9 -12.1 -11.0 Depreciation for the y ear -0.6 -0.8 -1.1 Closin g accumulated depreciation -13.5 -12.9 -12.1 Closin g residual v alue 1.8 2.0 2.2 127 Securit as Annual R eport 2012 Annual R eport Notes and comments to the Parent Compan y fnancial s t atements