FFX 0.00% 20.0¢ firefinch limited

Shareholder Information Post ASX Delisting, page-121

  1. 6,946 Posts.
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    @WoodySpoon @abu

    As you are switched on in regards to Company taxes, loses/liabilities etc.
    Just need a little information .. .. ..

    Why would it be a concern to the Company
    re: "The outstanding financial statements, which arestill undergoing audit prior to being lodged, may likely report a deferred taxliability which is more than the current cash holding of Firefinch. A component of the deferred tax liabilitywill likely reflect the potential tax liability which could be incurred byFirefinch in relation to an in-specie distribution of the Leo shares to shareholders, absent a favourable tax ruling...(sic)"

    Given the information in the last available financial report, Annual Report for year ending 31 December 2022, whereas the Company was carrying $198,426,634 of accumulated loses, as per note 23.
    ~ can these loses offset any deferred and potential tax liability?

    Thanks in advance



 
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Currently unlisted public company.

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