XML 40 R19.htm IDEA: XBRL DOCUMENT v3.26.1
Significant Events in the Reporting Period (Tables)
 3 Months Ended
Mar. 31, 2026
Significant Events in the Reporting Period [Abstract]  
Summary of Tax on Profit/Loss and Deferred Tax

Income taxes are recognized in the unaudited condensed consolidated interim statements of profit or loss with the following amounts:

 

 

Three Months Ended
March 31,

 

(EUR’000)

 

2026

 

 

2025

 

Tax on profit/(loss) for the period

 

 

 

 

 

 

Current tax (expense)/income

 

 

(1,287

)

 

 

(595

)

Current tax, adjustments to prior periods

 

 

(221

)

 

 

9

 

Deferred tax, movement for the period

 

 

(563

)

 

 

(475

)

Deferred tax, recognition of previously unrecognized deferred tax assets

 

 

679,587

 

 

 

—

 

Total tax on profit/(loss) for the period

 

 

677,516

 

 

 

(1,061

)

The development in deferred tax assets/(liabilities) was as follows:

(EUR’000)

 

2026

 

Development in deferred tax assets/(liabilities)

 

 

 

January 1,

 

 

(9,623

)

Deferred income tax (expense)/income, through profit or loss

 

 

679,024

 

Deferred income tax (expense)/income, through equity

 

 

21,054

 

Foreign exchange translation

 

 

(50

)

March 31,

 

 

690,405

 

Classified in the statement of financial position

 

 

 

Deferred tax assets

 

 

690,405

 

Total deferred tax assets/(liabilities) at March 31

 

 

690,405

 

Specification of deferred tax assets/(liabilities) as of March 31, 2026 compared to December 31, 2025 was as follows:

(EUR’000)

 

March 31, 2026

 

 

December 31, 2025

 

Deferred tax assets/(liabilities)

 

 

 

 

 

 

Tax deductible losses

 

 

430,011

 

 

 

430,011

 

Other temporary differences, assets

 

 

260,394

 

 

 

291,759

 

Deferred tax assets, not recognized

 

 

—

 

 

 

(721,631

)

Other temporary differences, liabilities

 

 

—

 

 

 

(9,762

)

Total deferred tax assets/(liabilities)

 

 

690,405

 

 

 

(9,623

)