Annual Report 2022

Annual Report 2022

Consolidated Statements of Changes in Equity

Attributable to owners of the parent (in thousands of $)

 

Share capital

 

Share premium

 

Accu­mulated losses

 

Translation differences

 

Share-based payment and income tax deduction on share-based payments

 

Other compre­hensive income

 

Total equity attribu­table to owners of the parent

 

Total equity

Balance at January 1, 2020

 

5,209

 

1,505,641

 

(383,477)

 

(27,541)

 

80,577

 

 

1,180,409

 

1,180,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss for the year

 

 

 

 

 

(608,455)

 

 

 

 

 

 

 

(608,455)

 

(608,455)

Other comprehensive income/(loss)

 

 

 

 

 

 

 

162,273

 

 

 

 

 

162,273

 

162,273

Total comprehensive income/(loss) for the year

 

 

 

 

 

(608,455)

 

162,273

 

 

 

 

 

(446,182)

 

(446,182)

Income tax benefit from excess tax deductions related to share-based payments

 

 

 

 

 

 

 

 

 

8,965

 

 

 

8,965

 

8,965

Share-based payment

 

 

 

 

 

 

 

 

 

96,932

 

 

 

96,932

 

96,932

Issue of share capital

 

468

 

812,718

 

 

 

 

 

 

 

 

 

813,186

 

813,186

Transaction costs for equity issue

 

 

 

(613)

 

 

 

 

 

 

 

 

 

(613)

 

(613)

Exercise of stock options

 

67

 

21,287

 

 

 

 

 

 

 

 

 

21,354

 

21,354

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance year ended December 31, 2020

 

5,744

 

2,339,033

 

(991,932)

 

134,732

 

186,474

 

 

1,674,051

 

1,674,051

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss for the year

 

 

 

 

 

(408,265)

 

 

 

 

 

 

 

(408,265)

 

(408,265)

Other comprehensive income/(loss)

 

 

 

 

 

 

 

(3,048)

 

 

 

(39,290)

 

(42,338)

 

(42,338)

Total comprehensive income/(loss) for the year

 

 

 

 

 

(408,265)

 

(3,048)

 

 

 

(39,290)

 

(450,603)

 

(450,603)

Income tax benefit from excess tax deductions related to share-based payments

 

 

 

 

 

 

 

 

 

7,179

 

 

 

7,179

 

7,179

Share-based payment

 

 

 

 

 

 

 

 

 

179,366

 

 

 

179,366

 

179,366

Issue of share capital

 

430

 

1,090,896

 

 

 

 

 

 

 

 

 

1,091,326

 

1,091,326

Transaction costs for equity issue

 

 

 

(528)

 

 

 

 

 

 

 

 

 

(528)

 

(528)

Exercise of stock options

 

59

 

33,374

 

 

 

 

 

 

 

 

 

33,433

 

33,433

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance year ended December 31, 2021

 

6,233

 

3,462,775

 

(1,400,197)

 

131,684

 

373,019

 

(39,290)

 

2,534,224

 

2,534,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss for the year

 

 

 

 

 

(709,594)

 

 

 

 

 

 

 

(709,594)

 

(709,594)

Other comprehensive income/(loss)

 

 

 

 

 

 

 

(2,404)

 

 

 

(18,267)

 

(20,671)

 

(20,671)

Total comprehensive income/(loss) for the year

 

 

 

 

 

(709,594)

 

(2,404)

 

 

 

(18,267)

 

(730,266)

 

(730,266)

Income tax benefit from excess tax deductions related to share-based payments

 

 

 

 

 

 

 

 

 

3,946

 

 

 

3,946

 

3,946

Share-based payment

 

 

 

 

 

 

 

 

 

158,282

 

 

 

158,282

 

158,282

Issue of share capital

 

294

 

760,659

 

 

 

 

 

 

 

 

 

760,953

 

760,953

Transaction costs for equity issue

 

 

 

(781)

 

 

 

 

 

 

 

 

 

(781)

 

(781)

Exercise of stock options

 

113

 

93,082

 

 

 

 

 

 

 

 

 

93,195

 

93,195

Ordinary shares withheld for payment of employees’ withholding tax liability

 

 

 

(5,855)

 

 

 

 

 

 

 

 

 

(5,855)

 

(5,855)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance year ended December 31, 2022

 

6,640

 

4,309,880

 

(2,109,791)

 

129,280

 

535,247

 

(57,557)

 

2,813,699

 

2,813,699

Please refer to note 12 for more information on the share capital and movement in number of shares. See also note 13 for more information on the share-based payments.

The accompanying notes form an integral part of these consolidated financial statements.