Cloudberry Clean Energy Annual report 2020

135 Cloudberry Annual report 2020 Financial statements Note 7 Income tax expense This years tax expense NOK 1 000 2020 2019 Tax expense in the income statement Entered tax on ordinary profit/loss: - - Payable tax - - Changes in deferred tax assets - - Tax expense on ordinary profit/loss - - Taxable income: Ordinary result before tax -25 524 -2 609 Permanent differences -93 - Changes in temporary differences 5 -8 Received intra-group contribution 467 - Taxable income -25 145 -2 617 Payable tax in the balance: Payable tax on this year's result -103 - Payable tax on received Group contribution 103 - Total payable tax in the balance - - The tax effect of temporary differences and loss for to be carried forward that has formed the basis for deferred tax and deferred tax advantages, specified on type of temporary difference. NOK 1 000 2020 2019 Difference Deferred tax asset Property, plant and equipment 6 11 5 Accumulated tax loss carried forward -55 694 -4 679 51 015 Not included in the deferred tax calculation 55 688 4 668 -51 020 Basis for deferred tax asset in the balance sheet - - - Basis for calculation of deferred tax asset -55 688 -4 668 51 020 Deferred tax asset 12 251 1 027 -11 224 Deferred tax asset is not recognised in the balance sheet.