Kungsleden - update on tax rulings
The Administrative Court in Stockholm has reported rulings on two cases to which Kungsleden is party. The Administrative Court has ruled that the Swedish Tax Evasion Act is applicable to transactions conducted in the tax years 2004 and 2006.In addition to the provisioning made in 2009, the company is provisioning an additional SEK 48 m as a consequence of these rulings. Accordingly, in addition to previously reported provisioning for tax proceedings, the company’s total provisioning amounts to SEK 963 m, of which SEK 638 m will be charged to the second quarter. These amounts include