Deferred tax assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes [Abstract]

Schedule of deferred tax assets and liabilities

(in thousands of USD)	Balance at Jan 1, 2017	Recognized in income		Recognized in equity	Translation differences		Balance at Dec 31, 2017
Provisions	31	(32	)	—	2		1
Employee benefits	37	2		—	5		44
Unused tax losses & tax credits	896	1,473		—	73		2,442
Total	964	1,443		—	80		2,487
	Balance at Jan 1, 2018	Recognized in income		Recognized in equity	Translation differences		Balance at Dec 31, 2018
Provisions	1	(1	)	—	—		—
Employee benefits	44	(5	)	—	(2	)	37
Unused tax losses & tax credits	2,442	(195	)	—	(29	)	2,218
Total	2,487	(201	)	—	(31	)	2,255
	Balance at Jan 1, 2019	Recognized in income		Recognized in equity	Translation differences		Balance at Dec 31, 2019
Provisions	—	—		—	—		—
Employee benefits	37	(10	)	—	(1	)	26
Unused tax losses & tax credits	2,218	474		—	(3	)	2,689
Total	2,255	464		—	(4	)	2,715

Deferred tax assets and liabilities have not been recognized in respect of the following items:

(in thousands of USD)	December 31, 2019				December 31, 2018
	ASSETS		LIABILITIES		ASSETS		LIABILITIES
Deductible temporary differences	290		—		274		—
Taxable temporary differences	—		(12,162	)	8		(12,162	)
Tax losses & tax credits	59,772		—		86,568		—
	60,062		(12,162	)	86,850		(12,162	)
Offset	(12,162	)	12,162		(12,162	)	12,162
Total	47,900		—		74,688		—

Deferred tax assets and liabilities are attributable to the following:

(in thousands of USD)	ASSETS		LIABILITIES		NET
Employee benefits	37		—		37
Unused tax losses & tax credits	2,218		—		2,218
	2,255		—		2,255
Offset	—		—
Balance at December 31, 2018	2,255		—
Employee benefits	26		—		26
Unused tax losses & tax credits	23,790		—		23,790
Unremitted earnings	—		(21,101	)	(21,101	)
	23,816		(21,101	)	2,715
Offset	(21,101	)	21,101
Balance at December 31, 2019	2,715		—