Fiven Annual Report 2020

DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITY Amounts in EUR thousand 01.01-31.12.2020 05.02-31.12.2019 Receivable 466 600 Other current liabilities 688 605 Tax losses carried forward 873 266 Other non current / Interest cost subject to limitations 2,626 1,018 Deferred tax assets 4,654 2,489 Unrecognized deferred tax asset, losses carried forward -432 -266 Unrecognized deferred tax asset, interest cost subject to limitations -2,978 -1,018 Deferred tax assets recognized 1,243 1,205 Netting -602 -598 Net Deferred tax assets recognized 641 607 Tangible and intangible fixed assets 3,207 3,470 Inventory 593 535 Deferred tax liabilities 3,800 4,005 Netting -602 -598 Net deferred tax liabilities 3,198 3,407 Net deferred tax (liabilities) / assets -2,557 -2,800 CHANGE IN DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES Amounts in EUR thousand 2020 2019 Opening balance as of 01.01.2020/05.02.2019 -2,800 - Business combination, note 4 -782 -2,908 Change in deferred tax in statement of income 1,025 109 Net Deferred tax assets/(liabilities) 31.12 -2,557 -2,800 THE GROUP HAS TOTAL TAX LOSS CARRY FORWARD OF WHICH EXPIRES AS FOLLOW: 2020 2019 Amounts in EUR thousand Tax base amount Tax amount Tax base amount Tax amount Unlimited (Brazil) - - -348 -118 Unlimited (Norway) -1,966 -432 -673 -148 Total tax loss carry forward 31.12 -1,966 -432 -1,020 -266 DEFERRED TAX ASSETS RELATED TO INTEREST EXPENSES SUBJECTED TO LIMITATIONS, EXPIRES AS FOLLOW: 2020 2019 Amounts in EUR thousand Tax base amount Tax amount Tax base amount Tax amount 10 years (Norway) -11,535 -2,538 -4,628 -1,018 Total tax loss carry forward 31.12 -11,535 -2,538 -4,628 -1,018 Fiven Annual Report 2020 Financial statements   53