Page 27 - Lime Petrolium Annual Report 2020

Note 7 Finance income and costs Finance income:
(Amounts in TNOK)
Interest income
Net Foreign exchange effects Total finance income
Finance costs:
(Amounts in TNOK)
Interest expenses loans and borrowings Other interest expenses
Net Foreign exchange effects
Other finance costs
Total finance costs
Note 8 Tax Specification of income tax:
(Amounts in TNOK)
Calculated refund tax value of exploration costs this year
Of this refund not recognised in income statement (acquisition of licences recognised net of tax) Correction refund previous years
Calculated tax refund other than tax value of exploration costs this year
Change deferred tax
Total income tax credit
Specification of tax receivable refund tax value exploration and other expenses:
(Amounts in TNOK)
Calculated refund tax value of exploration costs and other costs this year Received prepaid payable tax, short term («negativ terminskatt»)
Total tax receivable refund tax value exploration expenses and other expenses
Oil-exploration companies operating on the Norwegian Continental Shelf may claim a 78 % refund of their exploration costs limited to taxable losses of the year. The refund is paid out in November the following year.
ANNUAL REPORT 2020
2020
2019
2 248
1 966
3 226
5 475
1 966
2020
2019
7 549
10 382
193
359
8 930
110
158
7 851
19 829
2020
2019
161 808
168 045
-5 792
-72 118
-4 123
4
2 500
-108 257
-36 696
46 136
59 234
2020
2019
164 308
168 045
-1 570
162 738
168 045
PAGE 27