XML 48 R30.htm IDEA: XBRL DOCUMENT

Note 7 - Income Tax (Tables)

12 Months Ended

Dec. 31, 2023

Statement Line Items [Line Items]

Major components of tax expense (income) [text block]

		Year ended December 31,
		2021				2022				2023
Current income taxes		$	(4,109	)		$	(7,434	)		$	(6,769	)
Currency effect on income tax (expense) benefit and adjustments recognized in the period for current tax of prior periods ⁽¹⁾			852				141				(458	)
Deferred taxes			3,452				(1,542	)			531
Income tax benefit (expense)		$	194			$	(8,835	)		$	(6,697	)
Income tax benefit (expense) attributable to:
Continuing operations		$	(43	)		$	(8,835	)		$	(6,697	)
Discontinued operations		$	237			$	-			$	-

Reconciliation of accounting profit multiplied by applicable tax rates [text block]

		Year ended December 31,
		2021				2022				2023
Income (loss) from continuing operations before income taxes		$	(43,106	)		$	23,870			$	159,997
Tax benefit (expense) at nominal tax rate in Norway			9,483				(5,251	)			(35,199	)
Effect of different tax rates applied by subsidiaries			(7,958	)			1,408				25,455
Permanent differences:
Tax effect of translation differences exempted for tax			358				(320	)			1,171
Tax effect of financial items exempted from tax			(193	)			480				665
Withholding taxes (paid) credited			(324	)			299				270
Net other permanent differences (not) tax deductible			(1,990	)			(3,585	)			(3,384	)
Other effects:
Change in income tax losses carried forward			(227	)			(462	)			2,851
Change in share-based remuneration			-				-				2,598
Currency effect on income tax (expense) benefit and adjustments recognized in the period for current tax of prior periods			852				141				(458	)
Change in withholding taxes and restricted interest deduction carried forward			147				(1,564	)			(601	)
Change in tax rate			(190	)			21				(64	)
Income tax expense for the year		$	(43	)		$	(8,835	)		$	(6,697	)
Effective tax rate			0.1	%			(37.0	)%			(4.2	)%

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

		As of December 31,
		2022				2023
Property, equipment, and intangible assets		$	20,466			$	20,016
Share-based remuneration			-				(4,094	)
Trade receivables			(300	)			(367	)
Intra-group interest costs subject to limitations ⁽¹⁾			(8,066	)			(7,648	)
Withholding tax expected to be credited (credit method)			(216	)			(34	)
Tax losses carried forward			(5,399	)			(5,247	)
Other			(606	)			(947	)
Net deferred tax liability		$	5,878			$	1,679
Recognized and classified as:
Deferred tax assets		$	1,473			$	1,133
Deferred tax liabilities		$	7,352			$	2,813

Disclosure of changes in deferred taxes [text block]

		Year ended December 31,
		2022				2023
Net deferred tax liability as of January 1		$	4,209			$	5,878
Expense (benefit) in the Statement of Operations			1,542				(531	)
Deferred tax recognized in equity ⁽¹⁾			-				(3,674	)
Expense (benefit) in the Statement of Comprehensive Income			127				6
Net deferred tax liability as of December 31		$	5,878			$	1,679