| Summary of Tax on Profit/Loss and Deferred Tax |
Income taxes are recognized in the unaudited condensed consolidated interim statements of profit or loss with the following amounts:
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Three Months Ended
March 31, |
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(EUR’000) |
|
2026 |
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|
2025 |
|
Tax on profit/(loss) for the period |
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|
|
|
|
Current tax (expense)/income |
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|
(1,287 |
) |
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|
(595 |
) |
Current tax, adjustments to prior periods |
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|
(221 |
) |
|
|
9 |
|
Deferred tax, movement for the period |
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|
(563 |
) |
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|
(475 |
) |
Deferred tax, recognition of previously unrecognized deferred tax assets |
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|
679,587 |
|
|
|
— |
|
Total tax on profit/(loss) for the period |
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|
677,516 |
|
|
|
(1,061 |
) |
The development in deferred tax assets/(liabilities) was as follows:
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|
(EUR’000) |
|
2026 |
|
Development in deferred tax assets/(liabilities) |
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|
|
January 1, |
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|
(9,623 |
) |
Deferred income tax (expense)/income, through profit or loss |
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|
679,024 |
|
Deferred income tax (expense)/income, through equity |
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|
21,054 |
|
Foreign exchange translation |
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|
(50 |
) |
March 31, |
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|
690,405 |
|
Classified in the statement of financial position |
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|
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Deferred tax assets |
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|
690,405 |
|
Total deferred tax assets/(liabilities) at March 31 |
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|
690,405 |
|
Specification of deferred tax assets/(liabilities) as of March 31, 2026 compared to December 31, 2025 was as follows:
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(EUR’000) |
|
March 31, 2026 |
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|
December 31, 2025 |
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Deferred tax assets/(liabilities) |
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|
|
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Tax deductible losses |
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430,011 |
|
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|
430,011 |
|
Other temporary differences, assets |
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260,394 |
|
|
|
291,759 |
|
Deferred tax assets, not recognized |
|
|
— |
|
|
|
(721,631 |
) |
Other temporary differences, liabilities |
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|
— |
|
|
|
(9,762 |
) |
Total deferred tax assets/(liabilities) |
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|
690,405 |
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|
(9,623 |
) |
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