|
The following elements explain the difference between the income tax expense at the applicable Group tax rate and the effective income tax expense:
|
|
|
Year ended December 31, 2021 |
|
|
in USD ‘000 |
|
ObsEva SA |
|
|
ObsEva USA |
|
|
Total Group |
|
|
Net loss before tax |
|
|
(56,145 |
) |
|
|
(2,020 |
) |
|
|
(58,165 |
) |
|
Statutory tax rate (blended at Group level) |
|
|
7.8 |
% |
|
|
27.3 |
% |
|
|
8.5 |
% |
|
Income tax credit at statutory tax rates |
|
|
(4,398 |
) |
|
|
(551 |
) |
|
|
(4,949 |
) |
|
Tax impact of pension and share-based compensation |
|
|
(38 |
) |
|
|
116 |
|
|
|
78 |
|
|
Temporary differences not recognized as deferred tax assets |
|
|
128 |
|
|
|
647 |
|
|
|
775 |
|
|
Tax on losses not recognized as deferred tax assets |
|
|
4,308 |
|
|
|
- |
|
|
|
4,308 |
|
|
Effective income tax expense |
|
|
- |
|
|
|
212 |
|
|
|
212 |
|
|
Effective tax rate |
|
|
0.0 |
% |
|
|
-10.5 |
% |
|
|
-0.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2020 |
|
|
in USD ‘000 |
|
ObsEva SA |
|
|
ObsEva USA |
|
|
Total Group |
|
|
Net loss before tax |
|
|
(82,804 |
) |
|
|
(128 |
) |
|
|
(82,932 |
) |
|
Statutory tax rate (blended at Group level) |
|
|
7.8 |
% |
|
|
27.3 |
% |
|
|
7.9 |
% |
|
Income tax credit at statutory tax rates |
|
|
(6,487 |
) |
|
|
(35 |
) |
|
|
(6,522 |
) |
|
Tax impact of permanent differences |
|
|
595 |
|
|
|
17 |
|
|
|
612 |
|
|
Temporary differences not recognized as deferred tax assets |
|
|
(1 |
) |
|
|
52 |
|
|
|
51 |
|
|
Tax on losses not recognized as deferred tax assets |
|
|
5,893 |
|
|
|
- |
|
|
|
5,893 |
|
|
Effective income tax expense |
|
|
- |
|
|
|
34 |
|
|
|
34 |
|
|
Effective tax rate |
|
|
0.0 |
% |
|
|
(26.7 |
)% |
|
|
0.0 |
% |
|