XML 55 R38.htm IDEA: XBRL DOCUMENT
v3.23.1

Taxation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Taxation |
Schedule of unrecognized tax-losses incurred | ​
​ | ​ | ​ | ​
(in thousands) |  | Loss per year
2017 | ​ | $ | 862
2018 | ​ |  | 2,756
2019 | ​ |  | 1,084
2020 | ​ |  | —
2021 | ​ | ​ | 908
2022 | ​ |  | 289
​ | ​ | $ | 5,900
​
Schedule of the reconciliation of income tax expense at statutory tax rate and the income expenses as reported in the consolidated statement of loss and other comprehensive income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Year Ended December 31,
(in thousands) |  | 2022 |  | 2021 |  | 2020
Loss before income tax | ​ | $ | (31,658) | ​ | $ | (42,198) | ​ | $ | (15,884)
Computed 25.8% tax on Loss (2021/2020: 25%) | ​ | ​ | (8,168) | ​ | ​ | (10,549) | ​ | ​ | (3,971)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tax effect of: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-deductible costs | ​ | ​ | 1,080 | ​ | ​ | 982 | ​ | ​ | 124
Unrecognized deferred tax for losses and temporary differences | ​ | ​ | 7,192 | ​ | ​ | 9,435 | ​ | ​ | 3,939
Difference in overseas tax rates | ​ | ​ | 72 | ​ | ​ | 46 | ​ | ​ | 30
Change in deferred tax asset | ​ | ​ | 72 | ​ | ​ | 244 | ​ | ​ | (18)
Previously unrecognized tax losses now recouped to reduce current tax expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (61)
Total corporate tax | ​ | $ | 249 | ​ | $ | 157 | ​ | $ | 43
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effective tax rate | ​ | ​ | (0.8)% | ​ | ​ | (0.4)% | ​ | ​ | (0.3)%
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Year Ended December 31,
(in thousands) |  | 2022 |  | 2021 |  | 2020
Current tax on result | ​ | $ | 249 | ​ | $ | 139 | ​ | $ | 61
Deferred tax prior years | ​ | ​ | — | ​ | ​ | 18 | ​ | ​ | —
Deferred tax current year | ​ | ​ | (7,264) | ​ | ​ | (9,679) | ​ | ​ | (3,921)
Movement valuation allowance | ​ | ​ | 7,264 | ​ | ​ | 9,679 | ​ | ​ | 3,903
Total corporate tax expense | ​ | $ | 249 | ​ | $ | 157 | ​ | $ | 43
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Schedule of unrecognized deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Year Ended December 31,
(in thousands) |  | 2022 |  | 2021 |  | 2020
Deductible temporary differences | ​ | $ | 83,933 | ​ | $ | 59,683 | ​ | $ | 25,668
Tax losses | ​ | ​ | 5,900 | ​ | ​ | 5,747 | ​ | ​ | 5,218
Total unrecognized deferred tax assets | ​ | $ | 89,833 | ​ | $ | 65,429 | ​ | $ | 30,886
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total tax effect 25.8% (2021/2020: 25%) | ​ | $ | 23,177 | ​ | $ | 16,357 | ​ | $ | 7,722
​

X
- Definition n/a. + References No definition available. + Details
Name: | lvtx_DisclosureOfDetailedInformationAboutIncomeTaxAbstract
Namespace Prefix: | lvtx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax loss carryforward expiry disclosure. + References No definition available. + Details
Name: | lvtx_DisclosureOfTaxLossCarryforwardExpiryExplanatoryTableTextBlock
Namespace Prefix: | lvtx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of income tax expense at statutory tax rate and the income expenses as reported in the consolidated statement of loss and other comprehensive income. + References No definition available. + Details
Name: | lvtx_ScheduleOfEffectiveIncomeTaxReconciliationAndComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | lvtx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrecognized deferred tax assets. + References No definition available. + Details
Name: | lvtx_ScheduleOfUnrecognizedDeferredTaxAssetsTableTextBlock
Namespace Prefix: | lvtx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration