XML 74 R59.htm IDEA: XBRL DOCUMENT v3.25.1
Note 7 - Income Tax - Reconciliation of Differences Between Expected Income Tax Expense Expressed as Accounting Profit Multiplied by Corporate Income Tax Rate and Actual Income Tax Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]      
Income before income taxes $ 98,412 $ 159,997 $ 23,870
Tax using the Norwegian tax rate of 22% $ (21,651) $ (35,199) $ (5,251)
Tax using the Norwegian tax rate of 22%, percentage [1] 22.00% 22.00% 22.00%
Different tax rates of subsidiaries operating in other jurisdictions $ 7,945 $ 5,346 $ 1,408
Different tax rates of subsidiaries operating in other jurisdictions, percentage [1] (8.10%) (3.30%) (5.90%)
Changes in tax rates $ 2 $ (64) $ 21
Change in tax rates, percentage [1] 0.00% 0.00% (0.10%)
Non-deductible expenses $ (3,861) $ (4,588) $ (3,585)
Non-deductible expenses, percentage [1] 3.90% 2.90% 15.00%
Tax-exempt income $ 2,986 $ 23,149 $ 480
Tax-exempt income, percentage [1] (3.00%) (14.50%) (2.00%)
Foreign withholding taxes $ (138) $ 270 $ 299
Foreign withholding taxes, percentage [1] 0.10% (0.20%) (1.30%)
Recognition and derecognition of deferred tax assets $ (1,554) $ 4,848 $ (2,027)
Recognition and derecognition of deferred tax assets, percentage [1] 1.60% (3.00%) 8.50%
Changes in estimates related to prior years $ 48 $ (67) $ 549
Changes in estimates related to prior years, percentage [1] 0.00% 0.00% (2.30%)
Movements in exchange rates $ (1,419) $ (391) $ (729)
Movements in exchange rates, percentage [1] 1.40% 0.20% 3.10%
Income tax expense $ (17,642) $ (6,697) $ (8,835)
Income tax expense at effective tax rate [1] 17.90% 4.20% 37.00%
[1] Percentages have been rounded for presentation purposes and may differ from unrounded results.