LFV Annual report 2021 1
L F V 2021 NO TE S NOTE 9 TAX/TAX EQUIVALENT ON T
HE PROFIT/LOSS FOR THE YEAR 2021 SOFTWARE RIGHTS AND OTHER INTANGIBLE ASSETS 2021 Tax equivalent for the year Group profit/loss before tax Tax reported for the year – of which tax in subsidiaries – of which deferred tax on deductible tax losses and taxable temporary differences Profit/loss after tax Deferred tax asset Opening value Change in deferred tax on deductible tax losses Change in deferred tax on taxable temporary differences Closing value 104 -1 -1 – 103 GROUP 2020 700 -28 -1 -27 672 – – – – As of 31 December 2020, deferred tax assets attributable to loss carryforwards have been reversed in full, considering it is uncertain when accumulated loss carry-forwards may be used. Therefore, deferred tax assets on loss carry-forwards have not been included in the annual accounts for 2020 and 2021. 28 -28 0 – Opening cost of acquisition Acquisitions for the year Sales / disposals Reclassifications Acquisition value carried forward Depreciations and write-downs brought forward Depreciations for the year Sales / disposals Reclassifications Accumulated depreciations and write-downs carried forward Planned residual value carried forward 1,091 128 -41 0 1,178 959 137 -5 – 1,091 1,094 129 -41 – 1,183 959 140 -5 – 1,094 GROUP 2020 STATE-OWNED ENTERPRISE 2021 2020 -527 -67 27 – -567 611 -471 -54 5 -6 -527 565 -527 -67 27 – -567 616 -471 -54 5 -6 -527 567 The useful life of intangible fixed assets is more than five years in cases where it can be determined with a reasonable degree of certainty that the useful life is longer, as is mainly the case for operational air traffic management systems and goodwill. NOTE 10 INTANGIBLE FIXED ASSETS NOTE 11 TANGIBLE FIXED ASSETS 2021 GOODWILL Opening cost of acquisition Acquisitions for the year Sales / disposals Acquisition value carried forward Depreciations and write-downs brought forward Depreciations for the year Sales / disposals Accumulated depreciations and write-downs carried forward Planned residual value carried forward 193 0 – 193 -13 -19 – -32 161 GROUP 2020 – 193 – 193 STATE-OWNED ENTERPRISE 2021 2021 – – – – 2020 BUILDINGS Opening cost of acquisition – – – – Acquisitions for the year Sales / disposals Reclassifications Acquisition value carried forward – -13 – -13 180 – – – – – – Depreciations and write-downs brought forward – – – – Depreciations for the year Write-downs for the year Sales / disposals Reclassifications Depreciations and write-downs carried forward Planned residual value carried forward -331 -16 – 4 0 -343 229 -314 -15 – – -1 -331 249 -331 -16 – 4 0 -343 229 -314 -15 – – -1 -331 249 580 – -8 0 572 577 – – 3 580 580 – -8 0 572 577 – – 3 580 GROUP 2020 STATE-OWNED ENTERPRISE 2021 2020 54