131 Cloudberry Annual report 2022 Financial statements The table shows the deferred tax asset and liability in the balance sheet. NOK million 2022 2021 Temporarily differences deferred tax asset: Property, plant and equipment (22) - Derivatives 24 - Other receivables (3) - Tax loss carried forward 326 322 Subtotal 325 323 Of which not recognised as tax asset (192) (247) Basis for deferred tax asset 133 76 Deferred tax asset 29 17 Temporarily differences deferred tax liability: Inventory valuation (83) (47) Property, plant and equipment (542) (402) Intangible assets (53) - Derivatives (38) (4) Other 4 0 Basis for deferred tax liability (711) (453) Deferred tax liability (156) (100) Reconsiliation to the statement of financial position Deferred tax asset 29 17 Deferred tax liability (156) (100) Net deferred tax liabilities in the statement of financial position (127) (83) As per 31 December 2022 the Group has recorded a valuation allowance of NOK 192m (247m) related to tax losses carried forward, which is not included as a recognised deferred tax asset. It will be made a new assessment of tax asset recognition after the final outcome of the new tax proposal during 2023. The table below show the movement in the deferred tax liability in the statement of financial position from 1 January to 31 December NOK million 2022 2021 Net deferred tax libility at 01.01 (83) (14) Change in deferred tax (in profit or loss statement) 1 1 Change in deferred tax (recognised in other comprehensive income) (8) (1) Acquisitions and disposals of subsidiaries (41) (69) Other and currency translation differences 3 Net deferred tax libility at 31.12 (127) (83)
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