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Tax on Profit/(Loss) for the Year and Deferred Tax (Tables) | 12 Months Ended
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Dec. 31, 2024
Deferred tax expense (income) [abstract] |
Summary of Tax on Profit/Loss and Deferred Tax |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (EUR’000) |
Tax on profit/(loss) for the year |  |  |  |  |  |  |  |  |
Current tax (expense)/income |  |  | (3,289 | ) |  |  | (5,377 | ) |  |  | (3,723 | )
Current tax, adjustments to prior years |  |  | (126 | ) |  |  | 3,904 |  |  |  | (1,654 | )
Deferred tax, movement for the year |  |  | (2,035 | ) |  |  | (1,044 | ) |  |  | — |
Deferred tax, adjustments to prior years |  |  | 607 |  |  |  | (4,786 | ) |  |  | — |
|  |  | (4,843 | ) |  |  | (7,303 | ) |  |  | (5,377 | )
Tax for the year can be explained as follows |  |  |  |  |  |  |  |  |
Profit/(loss) before tax |  |  | (373,241 | ) |  |  | (474,144 | ) |  |  | (577,817 | )
Tax at the Danish corporation tax rate of 22% |  |  | 82,113 |  |  |  | 104,312 |  |  |  | 127,120 |
Tax effect of: |  |  |  |  |  |  |  |  |
Non-deductible costs |  |  | (9,740 | ) |  |  | (8,494 | ) |  |  | (17,094 | )
Additional tax deductions |  |  | 3,161 |  |  |  | 9,077 |  |  |  | 13,720 |
Impact from associates |  |  | (4,413 | ) |  |  | (4,047 | ) |  |  | (3,893 | )
Prior year adjustments |  |  | 481 |  |  |  | (1,294 | ) |  |  | — |
Other effects including effect of different tax rates |  |  | 182 |  |  |  | (882 | ) |  |  | (2,716 | )
Deferred tax asset, not recognized |  |  | (76,627 | ) |  |  | (105,975 | ) |  |  | (122,514 | )
Tax on profit/(loss) for the year |  |  | (4,843 | ) |  |  | (7,303 | ) |  |  | (5,377 | )
Effective tax rate |  |  | 1.30 | % |  |  | 1.54 | % |  |  | 0.93 | %
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (EUR’000) |
Specification of deferred tax assets/(liabilities) |  |  |  |  |  |  |  |  |
Tax deductible losses |  |  | 434,997 |  |  |  | 521,697 |  |  |  | 433,174 |
Other temporary differences, assets |  |  | 164,479 |  |  |  | 16,256 |  |  |  | 19,961 |
Deferred tax asset, not recognized |  |  | (599,476 | ) |  |  | (537,953 | ) |  |  | (453,135 | )
Other temporary differences, liabilities |  |  | (7,258 | ) |  |  | (5,830 | ) |  |  | — |
Total deferred tax assets/(liabilities) at December 31 |  |  | (7,258 | ) |  |  | (5,830 | ) |  |  | — |

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- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Paragraph 81 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&anchor=para_81_g&doctype=Standard -URIDate 2024-03-27 + Details
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