Tax proof
| For the year ended December 31, | ||||||||||||
| 2015 | 2016 | 2017 | ||||||||||
| $ in thousands | ||||||||||||
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Income (loss) before taxes from continuing operations |
(22,606 | ) | (67,255 | ) | (103,683 | ) | ||||||
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Theoretical group tax rate |
34.43 | % | 34.43 | % | 34.43 | % | ||||||
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Theoretical tax benefit (expense) |
7,783 | 23,156 | 35,698 | |||||||||
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Increase/decrease in tax benefit arising from: |
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Permanent differences |
6,426 | 124 | 293 | |||||||||
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Research tax credit |
1,926 | 3,082 | 2,926 | |||||||||
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Share-based compensation & other IFRS adjustments |
(11,500 | ) | (20,184 | ) | (8,297 | ) | ||||||
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Non recognition of deferred tax assets related to tax losses and temporary differences |
(4,627 | ) | (6,158 | ) | (30,713 | ) | ||||||
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Other differences |
(9 | ) | (20 | ) | 92 | |||||||
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Effective tax expense |
— | — | — | |||||||||
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Effective tax rate |
0.00 | % | 0.00 | % | 0.00 | % | ||||||