Investor Presentaiton
120
A.P. Møller-Mærsk A/S Annual Report 2020
Financials
Parent company financial statements
Notes index
Amounts in USD million
==
Note 5 Tax
Table 5.1
Tax recognised in the income statement
Current tax on profit for the year
Adjustment of tax provision
Adjustment for current tax of prior periods
Withholding taxes
2020
2019
119
70
-26
45
18
-49
10
15
121
81
Total current tax
Origination and reversal of temporary differences
2
24
Adjustment for deferred tax of prior periods
13
8
Total deferred tax
Total tax expense
Tax reconciliation:
Profit/loss before tax
15
32
136
113
737
103
Tax using the Danish corporation tax rate (22%)
Non-deductible expenses
Gains/losses related to shares, dividends, etc.
Adjustment to previous years' taxes
Other differences, net
Total income tax
Tax recognised in other comprehensive income and equity
Of which:
Current tax
162
23
-46
136
ENGL
13
34
50
4
2
113
10
13
10
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