Income tax

12 Months Ended

Dec. 31, 2023

Income tax [Abstract]

Income tax

6. Income tax

The Group’s expected tax charge/(credit) of $nil for each year is based on the applicable tax rate in Ireland and reconciles to the actual tax charge/(credit) as follows:

	Year ended December 31,
	2023			2022			2021
	$’000			$’000			$’000
Loss before tax		35,587			22,456			9,202
Tax credit calculated at the domestic tax rate 12.5%		(4,448	)		(2,807	)		(1,150	)
Tax effects of:
Losses for which no deferred tax asset was recognized		4,200			2,625			1,150
Income taxed at a higher rate of tax		118			—			—
Other permanent differences		130			182			—
Tax charge/(credit)		—			—			—