Judgment from Administrative Court of Appeal regarding tax dispute

In a judgment in 2004, the County Administrative Court in Skåne County prescribed for Trelleborg AB deductions for a tax loss carryforward of about SEK 600 M that arose in conjunction with the divestment of operations in 1999. Following an appeal by the Swedish National Tax Board, the Administrative Court of Appeal in Gothenburg has changed the judgment of the County Administrative Court, with the effect that no deductions will be permitted for the loss.



The value of the tax loss carryforward, which can be estimated at SEK 168 M, was not recorded earlier as an asset in the company’s accounts. Accordingly, the Administrative Court of Appeal’s judgment will have no impact on the company’s income statement or balance sheet. 



Trelleborg intend to appeal the Administrative Court of Appeal’s judgment in the Swedish Supreme Administrative Court.