Note G11 Income tax
Deviations Deviations fromtheseguidelines inwholeor inpartmaybemade inexceptional cases if theBoardofDirectorsfind that therearespecial circumstancesat handand adeviation isnecessary toserve theCompany’s long-terminterests, including its sustainability, or toensure theCompany’sfinancial viability. Informationabout such deviationand the reasons thereforeshall begivenat the followingAnnual General Meeting. Asset out above, theRemunerationCommittee’s tasks includepreparing theBoardofDirectors’ resolutions in remuneration-relatedmatters. This includes any resolutions todeviate fromtheguidelines.
2021
2020
Current tax: Current tax on profit for the year
-55.8 -55.8
-32.7 -32.7
Total current tax
G1 G2 G3 G4 G5 G6 G7 G8 G9
Deferred tax (Note G16): Deferred tax on temporary differences and tax loss
14.2 14.2
13.6 13.6
Note G9 Financial income and costs
Total deferred tax Total income tax
-41.6 -19.1 The income tax on the Group's profit before tax differs from the theoretical amount that would have been obtained when using the Swedish tax rate for the results of the consolidated companies as follows: 2021 2020 Earnings before tax 198.1 86.8 Income tax calculated according to tax rate in Sweden (20.6% and 21.4% respectively) -40.8 -18.6 Tax effect of: Non-deductible costs -0.5 -0.5 Other -0.3 0.0 Income tax expense -41.6 -19.1 This year's effective tax rate is -21.0% (-22.0%).
2021
2020
Interest bearing securities valued at fair value Interest bearing securities Total revenue at fair value Other Foreign exchange gains, net
0.2 0.2
0.4 0.4
0.1
-
G10 G11 G12 G13 G14 G15 G16 G17 G18 G19 G20 G21 G22 G23 G24 G25 G26 G27 G28 G29
Other
-
0.1 0.1 0.5
Total other
0.1 0.3
Financial income, total
Liabilities valued at amortised cost Interest expenses to credit institutions
-25.7
-23.5
Other interest expenses
-0.3
-0.3 -0.1
Interest expense deferred consideration Total interest costs according to the effective interest method Other Foreign exchange losses, net Interest expenses, leasing liabilities
-
Note G12 Earnings per share
-26.0
-23.9
2021
2020
-
-0.1 -0.2 -0.3
Earnings per share before dilution Profit for the year attributable to ordinary equity holders of the Parent Company Weighted average number of ordinary shares outstanding during the year Earnings per share before dilution, SEK Diluted earnings per share Profit for the year attributable to ordinary equity holders of the Parent Company Weighted average number of ordinary shares outstanding during the year Effect of warrant programmes issued 1 Number of shares for the calculation of diluted earnings per share Earnings per share after dilution, SEK
-0.1 -0.1
Total other
156.5
67.7
Financial costs, total
-26.1
-24.2
100,999,394 100,701,011
Financial items, net
-25.8
-23.7
1.55
0.67
Note G10 Exchange rate differences, net Exchange rate differences have been reported in the statement of comprehensive income as follows: 2021 2020 Other operating income (Note G4) 0.2 0.1 Other operating costs (Note G5) -0.7 -0.6 Financial items, net (Note G9) 0.1 -0.1 Total -0.4 -0.6
156.5
67.7
100,999,394 100,701,011
181,253
412,057
101,180,647 101,113,068
P1 P2 P3 P4 P5 P6 P7 P8 P9
1.55
0.67
1 The calculation of dilution of shares is made based on the number of days that the warrant programmes that have been active during each period concerned. As no market price is available to set against the exercise price and the number of warrants is limited in relation to the number of ordinary shares, the dilution effect for periods before Hemnet's IPO on 27 April, 2021, has been calculated based on the maximum theoretical dilution. For periods after 27 April, 2021, the calculation of dilution is made based on the average share price during each period concerned. Possible dilution through financial instruments Hemnet Group AB (publ) has outstanding long-term incentive plans. The warrants under the long-term incentive plans are considered dilutive only when they result in lower earnings per share after than before dilution. As of 12/31/2021, the company has an outstanding program from 2021 that runs through 2024. For more information on redemption rates and description of incentive schemes, see note G8 Employee remuneration, etc.
Financial statements
HEMNET GROUP | ANNUAL AND SUSTAINABILITY REPORT 2021· 53
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