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20.0¢ firefinch limited

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dazaliam

6,155 Posts.

2000

04/08/24

15:22

Post #: 75063213
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Originally posted by fooca ↑

@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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Is this suggesting ffx could owe taxes greater than the value of its assets?

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

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