quarterly report to march due next week, page-18

""My logic about this issue is, that if because of age , an expense is no longer allowed as a tax deduction, it would not be allowed on the balance sheet.as it does effect the tax a company has to pay. I don't believe you can show accumulated or other losses on a balance sheet if you can not deduct them.""

Sorry Dnvan, your logic is not correct. Trust me.
Ring up the company secretary and ask him if the whole amount of the accumulated losses is allowed as a deduction. He will say no and refer you to the appropriate note to the 2011 Financial Statements.