Ann: FY17 Analyst Pack, page-34

Googled it-

The deductible temporary differences and tax losses do not expire under current taxlegislation. Deferred tax assets have notbeen recognised in respect of these items because it is not considered probable that future taxable profit will be available against which they can be realised.

Does this mean Nearmap considers it "not probable that there be FUTURE taxable profits in the US? "

Am I missing something?