Note 15 Taxes

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A B C D E F G
Note 15 Taxes            
             
Basis for tax payable arises as follows:   2016 2015      
Profit before taxes   517 678 51 015      
Recognised share dividends   -8 071 -30      
Net other permanent differences   -655 -563      
Change in temporary differences   86 612 -50 423      
Adjustment of Group contribution 2015   -11 467 0      
Group contribution received/provided   -713 301 -39 091      
Taxable profit   -129 203 -39 091      
Group contribution received   713 301 39 091      
Basis for tax expense for the year   584 098 0      
25 % (27 %) tax payable   146 024 0      
             
Spesification of deferred tax basis            
             
Temporary differences Change 2016 2015      
Fixed assets 1 961 3 832 1 871      
Profit and loss account -388 1 551 1 939      
Cash-based options -6 660 -12 962 -6 302      
Long-term debt/amortised cost -1 613 5 126 6 739      
Revaluation account non-current liabilities -90 227 66 891 157 118      
Financial instruments 10 315 -5 268 -15 582      
Net temporary differences/ basis for deferred tax in balance sheet -86 612 59 170 145 783      
Carryforwards 0 0      
Unutilised credit allowance/dividend payments 0 0      
Basis for deferred tax in balance sheet -86 612 59 170 145 783      
             
Deferred tax assets 27% / 28%   14 792 39 361      
Change in deffered tax assets due to change in tax rate 24 % (25 %)   -592 -2 916      
Deferred tax/deferred tax assets in balance sheet 0 14 201 36 446      
             
Specification of tax charge   2016 2015      
Tax payable   146 024 0      
Change in deferred tax, previous rate   -21 653 13 614      
Change in deferred tax due to change of rate   -592 -2 916      
Tax effect of foreign tax not credited Norwegian tax   2 451 676      
Correction of contributions for 2015, tax effect   3 278 0      
Tax expense in income statement   129 509 11 374      
             
             
Reconciliation of tax expense   2016 2015      
Profit before taxes   517 678 51 015      
Estimated tax 25 % (27 %)   -129 419 13 774      
Tax expense in income statement   129 509 -11 374      
Difference   90 2 400      
             
The difference consists of the following:            
25 % (27 %) of permanent differences   -5 048 152 58    
Tax effect of foreign tax not credited Norwegian tax   2 451 364 1 501    
Endring i ligningen fra tidligere år   0 0 193    
Change in contribution previous years, tax effect   3 099 0      
Change in tax/deferred tax due to change of rate   -592 -2 916 0    
Total explained difference   -90 -2 400 2 067    

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