Fiven Annual Report 2020

Note 8 Finance income and expenses Amounts in EUR thousand 01.01-31.12.20 05.02-31.12.19 Finance income Interest income Intercompany 374 468 Other interst income - - Dividends from subsidiaries 7,083 3,115 Total financial income 7,457 3,584 Amounts in EUR thousand 01.01-31.12.20 05.02-31.12.19 Finance expenses Interest on debts and borrowings 7,773 5,474 Interest expense Intercompany 169 41 Foreign exchange losses 851 45 Other financial expenses 2 - Total financial expenses 8,795 5,560 Note 9 Taxes Amounts in EUR thousand 01.01-31.12.20 05.02-31.12.19 Withholding tax -308 -149 Changes in deferred tax - - Income tax (expense) benefit -308 -149 RECONCILIATION OF TAX (EXPENSE) BENEFIT TO NOMINAL STATUTORY TAX RATE OF 22% Amounts in EUR thousand 01.1-31.12.20 05.02-31.12.19 Net income (loss) before income taxes -2,384 -3,210 Tax expense (-) benefit at applicable tax rate 525 706 Tax effect of permanent differences exempted for tax 369 685 Tax effect of other permanent differences not tax deductible - -13 Changes in unrecognized deferred tax asset -2,112 -1,315 Tax effect on translation differences exempted for tax 911 -213 Income tax (expense) benefit for the year -308 -149 Effective tax rate -13% -5% Fiven Annual Report 2020 Financial statements   83