Clarification: DNB Livsforsikring AS – transitional effects from new tax rules
In reference to yesterdays stock exchange release DNB Livsforsikring AS – transitional effects from new tax rules we would like to clarify that the accounting effects will have a positive impact on DNB ASAs fourth quarter results for 2018 of about NOK 4 billion, which is recorded as income under tax expenses. Based on our evaluation and understanding of the new tax rules with appurtenant transitional rules, the transition will result in a tax loss for DNB Livsforsikring. This means that the company will have a tax income of about NOK 4 billion for 2018, not taxable income as previously