Allego N.V. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Taxation (Tables)

Taxation (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Income Tax Expense Recognized in The Consolidated Statement of Profit or Loss

The major components of income tax expense recognized in the consolidated statement of profit or loss for the years ended December 31, 2021, 2020 and 2019 are as

follows:


(in €‘000)	2021			2020			2019
Current income tax expense
Current income tax expense for the year		(200	)		(33	)		(276	)
Total current tax expense		(200	)		(33	)		(276	)

Deferred tax expense
(De)recognition of deferred tax assets		(152	)		722			—
Total deferred tax expense		(152	)		722			—
Income tax expense		(352	)		689			(276	)

Summary of Reconciliation of Effective Tax Rate

The following table provides a reconciliation of the statutory income tax rate with the average effective income tax rate in the consolidated statement of profit or loss for the years ended December 31, 2021, 2020 and

2019:


	2021						2020						2019
	(in €‘000)			%			(in €‘000)			%			(in €‘000)			%
Effective tax reconciliation
Loss before income tax		(319,320	)					(43,945	)					(42,828	)
Income tax expense at statutory tax rate		79,830			(25.0	)		10,986			(25.0	)		10,707			(25.0	)

Adjustments to arrive at the effective tax rate:
Impact of different tax rates of local jurisdictions		—			—			(39	)		0.1			(85	)		0.2
Non-deductible expenses		(74,033	)		23.2			(1,784	)		4.1			8			—
Temporary differences for which no deferred tax is recognized		5,997			1.9			(9,196	)		20.8			(10,906	)		25.4
( De)recognition of previously (un)recognized deferred tax asset s		(152	)		0.0			722			(1.6	)		—			—
Effective tax (rate)		(352	)		0.1			689			(1.6	)		(276	)		0.6

Summary of Deferred Tax Assets And Liabilities

Deferred tax assets and liabilities


(in €‘000)	2021			2020

Deferred tax assets		4,573			4,837
Deferred tax liabilities		(3,851	)		(4,837	)
Balance at January 1		722			—

Movements in deferred tax
Recognition of losses		(859	)		859
Movements of temporary differences		974			(386	)
Recognition of tax credits		(267	)		249
Balance at December 31		570			722

Deferred tax assets		8,209			4,573
Deferred tax liabilities		(7,639	)		(3,851	)
Balance at December 31		570			722

Summary of Movements of Temporary Differences

The following table provides an overview of the movements of temporary differences during the years ended December 31, 2021 and 2020 and where those movements have been recorded: the consolidated statement of profit or loss (“profit or loss”) or directly in equity.


				Recognized in
(in €‘000)	Net balance January 1			Profit or loss			Equity		Net balance December 31			DTA		DTL
Movements in 2020

Property, plant and equipment		609			271			—		880			1,060		(180	)
Intangible assets		(21	)		(52	)		—		(73	)		—		(73	)
Right-of-use assets		(3,683	)		224			—		(3,459	)		27		(3,486	)
Trade and other receivables		6			(6	)		—		—			—		—
Inventories		(70	)		70			—		—			—		—
Non-current lease liabilities		2,846			(1,127	)		—		1,719			1,719		—
Current lease liabilities		90			392			—		482			482		—
Provisions		(40	)		(23	)		—		(63	)		—		(63	)
Trade and other payables		86			(135	)		—		(49	)		—		(49	)
Net operating losses		—			859			—		859			859		—
Interest carry forward		177			249			—		426			426		—
Total		—			722			—		722			4,573		(3,851	)

Movements in 2021
Property, plant and equipment		880			52			—		932			932		—
Intangible assets		(73	)		—			—		(73	)		—		(73	)
Right-of-use assets		(3,459	)		(3,995	)		—		(7,454	)		—		(7,454	)
Trade and other receivables		—			—			—		—			—		—
Inventories		—			—			—		—			—		—
Non-current lease liabilities		1,719			3,649			—		5,368			5,368		—
Current lease liabilities		482			1,268			—		1,750			1,750		—
Provisions		(63	)		—			—		(63	)		—		(63	)
Trade and other payables		(49	)		—			—		(49	)		—		(49	)
Net operating losses		859			(859	)		—		—			—		—
Interest carry forward		426			(267	)		—		159			159		—
Total		722			(152	)		—		570			8,209		(7,639	)

Summary of Unrecognized Deferred Tax Assets

Unrecognized deferred tax assets


(in €‘000)	December 31, 2021		December 31, 2020
Tax losses		132,498		116,405
Deductible temporary differences		—		—
Tax credits		—		—
Interest carry forward		16,986		12,534
Total		149,484		128,939
Potential tax benefit		40,313		34,772