Babylon Holdings Limited Registration statement for securities of certain foreign private issuers

Registration statement for securities of certain foreign private issuers

Taxation (Tables)

Taxation (Tables)

12 Months Ended

Dec. 31, 2021

Major components of tax expense (income) [abstract]

Schedule of Consolidated Statement of Profit and Loss

Recognized in the Consolidated Statement of Profit and Loss


		For the Year Ended December 31,
		2021		2020		2019
		$’000		$’000		$’000
Current tax
Current tax on loss for the period		801		569		(3,457)
Adjustments to tax in respect of previous periods		31		4,070		(2,102)
Total current tax		832		4,639		(5,559)

Deferred tax
Origination and reversal of timing differences		(2,306)		—		—
Total deferred tax		(2,306)		—		—

Tax (benefit) provision		(1,474)		4,639		(5,559)

Schedule of Analysis of Tax Recognized in the Consolidated Statement of Profit and Loss

Analysis of tax recognized in the Consolidated Statement of Profit and Loss


		For the Year Ended December 31,
		2021		2020		2019
		$’000		$’000		$’000
Loss before tax		(375,985)		(183,391)		(145,846)
Tax on loss on ordinary activities at standard CT rate (19.00%)		(71,437)		(34,844)		(27,711)
State and local income taxes, net of federal benefit		(320)		—		—
Benefit of foreign operations		(218)		—		—
Deferred tax not recognized		38,563		31,271		25,552
Expenses not deductible for tax purposes		33,512		4,142		187
Non-taxable income		(11,003)		—		—
Change in fair value of warrants		8,903		—		—
Tax arising on share in associates		495		—		—
Adjustments to tax in respect of previous periods		31		4,070		(2,102)
All other, net		—		—		(1,485)
Tax (benefit) provision		(1,474)		4,639		(5,559)