Page 52 - Sector Alarm Annual Report 2020

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Note 13 / Income tax
Amounts in TNOK
Tax expense
Current tax expense
Change in deferred tax - origination and reversal of temporary differences
Change in deferred tax - reduction in tax rate
Change in deferred tax - other
Changes in estimates related to prior years
Other
Tax expense continuing operations
2020 2019
62 529 5 033 -4 909 2 746 3 271 17 510 86 180
109 954
-104 837
-12 191
35 150
-215
-13 981
13 881
In other comprehensive income the remeasurement gain (loss) from the net defined benefit liability has a tax effect included in tax expenses
Tax expense from continuing operations excludes the tax expense from discontinued operations of NOK 15.009 in 2019.
Reconciliation of effective tax rate
Profit before tax from continuing operations
Income tax using Norwegian tax rate (22%)
Effect of tax rates in foregin jurisdictions
Tax effect non deductible expenses
Tax effect current-year losses for which no deferred tax asset is reconised
Utilized loss carried forward
Effect of changes in tax rate on deferred tax items
Changes in estimates related to prior years
Other effects
Income tax
Effective tax rate
2020 2019
-108 430 -23 787 -24 687
85 183 41 577 -2 748 -4 909 3 271 12 280 86 180
12% -79%
120 485
26 507
-27 734
-19 618
50 681
-168
-12 191
-215
-3 382
13 881
The Group’s reconciliation of the effective tax rate is based on its domestic tax rate, with a reconciling item in respect of tax rates applied by Group companies in other jurisdictions.
Tax payable
Current tax of tax base before contribution
Prepaid taxes
Other including previous years tax payable
Total tax payable
Deferred tax
2020
2019
75 516 -29 531 36 606 82 591
133 247
-85 469
53 945
101 722
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. The following is the analysis of the the Group intends to settle its current tax assets and liabilities on a net basis. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes: