Registration statement for securities of certain foreign private issuers

Taxation (Tables)

v3.21.2
Taxation (Tables)
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Summary of Components of Income Tax
Recognized in the Consolidated Statement of Profit and Loss
 
    
2020
     
2019
  
    
$’000
     
$’000
  
Taxation
                  
Current tax on loss for the period
      569        (3,457 ) 
Adjustments to tax in respect of previous periods
      4,070        (2,102 ) 
    
 
 
     
 
 
  
Tax provision (benefit)
   
 
4,639
 
   
 
(5,559
) 
    
 
 
     
 
 
  
Schedule of Reconciliation of Income Tax Expense Benefit
Analysis of tax recognized in the Consolidated Statement of Profit and Loss
 
    
2020
     
2019
  
    
$’000
     
$’000
  
Loss before tax
      (183,391 )       (145,846 ) 
Tax on loss on ordinary activities at standard CT rate (19.00%)
      (34,844 )       (27,711 ) 
     
Expenses not deductible for tax purposes
      4,142        187  
Foreign tax
      —        4  
Additional deduction for R&D expenditure
      —        (2,563 ) 
Surrender of tax losses for R&D tax credit refund
      —        1,074  
Adjustments to tax in respect of previous periods
      4,070        (2,102 ) 
Deferred tax not recognised
      31,271        25,552  
    
 
 
     
 
 
  
Tax provision (benefit) for the period
   
 
4,639
 
   
 
(5,559
)