REC Silicon Annual Report 2019

91 Notes to the financial statements, REC Silicon ASA REC Silicon Annual Report 2019 Specification of temporary differences and tax losses, deferred tax assets and liabilities (USD INTHOUSAND) 2019 2018 Fixed assets -86 -125 Up-front fee and Capitalized borrowing cost 1,264 1,772 Interest bearing liabilities -22,778 -23,019 Derivatives -1,446 -1,462 Net unrealized gains on non-current foreign exchange receivables and liabilities 299,438 293,178 Other -9,111 -9,208 Interest limitation -12,328 0 Tax losses carried forward -571,405 -568,094 Total temporary differences and tax loss carried forward -316,454 -306,957 Tax percentage 22% 22% Deferred tax assets (-) / liabilities (+) -69,620 -67,530 Deferred tax assets not recognized 69,620 67,530 Deferred tax assets (-) / liabilities (+) in the balance sheet 0 0 Change in deffered tax assets (-)/ liabilities (+) in the balance sheet 0 0 Total deferred tax benefit (-)/ expense (+) for the year 0 0 The following are the deferred tax liabilities (+) and assets (-) recognized by the Company and movement during 2019 (USD INTHOUSAND) BALANCE JAN 1, 2019 RECOGNIZED IN INCOME RECOGNIZED IN EQUITY TRANSLATION DIFFERENCES BALANCE DEC 31, 2019 Fixed assets -125 38 0 1 -86 Up-front fee and capitalized borrowing cost 1,772 -489 0 -20 1,264 Interest bearing liabilities -23,019 0 0 241 -22,778 Derivatives -1,462 0 0 15 -1,446 Net unrealized gains on non-current foreign exchange receivables and liabilities 293,178 9,301 0 -3,040 299,438 Other -9,208 0 0 96 -9,111 Interest limitation 0 -12,295 0 -33 -12,328 Tax losses carried forward -568,094 -8,734 -497 5,920 -571,405 Total -306,957 -12,180 -497 3,180 -316,454 The following are the deferred tax liabilities (+) and assets (-) recognized by the Company and movement during 2018 (USD INTHOUSAND) BALANCE JAN 1, 2019 RECOGNIZED IN INCOME TRANSLATION DIFFERENCES BALANCE DEC 31, 2019 Fixed assets -344 214 5 -125 Up-front fee and capitalized borrowing cost 32 1,861 -121 1,772 Interest bearing liabilities -24,544 170 1,355 -23,019 Derivatives -1,548 0 86 -1,462 Net unrealized gains on non-current foreign exchange receivables and liabilities 233,754 77,378 -17,955 293,178 Other -9,750 0 543 -9,208 Tax losses carried forward -610,370 8,878 33,398 -568,094 Total -412,770 88,501 17,312 -306,957