Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 169

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 169
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2024 and 2023, respectively.

Carryforward tax losses in Israel of Safe-T Data
amounted to $38.6million and $38.1million as of December 31, 2024 and 2023, respectively.

Carryforward tax losses in Israel of CyberKick
amounted to $3.6million and $3.2million as of December 31, 2024 and 2023, respectively.

Carryforward tax losses in Israel have no expiration
date. Deferred tax assets on losses for tax purposes carried forward to subsequent years are recognized if utilization of the related
tax benefit against a future taxable income is expected.

Deferred taxes

                                       Intangible                                                                     
                                       assets,                                                                        
                                       net                                                                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                       U. S. dollar in thousands                                                      
  Balance as of January 1, 2024                                         ( 164         42      285      18        181  
  Changes during the year:                                                                                            
  Charged to profit or loss                                                64       ( 32      134      75        241  
  Balance as of December 31, 2024                                       ( 100         10      419      93        422  
  Balance as of January 1, 2023                                         ( 852        551      -        -       ( 301  
  Changes during the year:                                                                                            
  Charged to profit or loss                                               688      ( 509      285      18        482  
  Balance as of December 31, 2023                                       ( 164         42      285      18        181  
  Balance as of January 1, 2022                                       ( 1,067        422      -        -       ( 645  
  Changes during the year:                                                                                            
  Charged to profit or loss                                               215        129      -        -         344  
  Balance as of December 31, 2022                                       ( 852        551      -        -       ( 301  

F-21

ALARUM TECHNOLOGIES LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

Theoretical tax reconciliation

Following is a reconciliation of the theoretical
taxes on income, assuming all income is taxed at the regular tax rates applicable to companies in Israel (see above) and the actual tax
expense: