Also regarding the $15m EBITDA pa.. Does the below mean we can carry over $35m loss against future earnings? Reducing tax payments by $35m...?
"17. Taxation
No provision has been made for 2012 tax as the group has no taxable income. The estimated tax loss available for set off against
future taxable income is A$ 35,688,907 (2011: loss of A$ 28,713,834).
No provision has been made for the 2012 deferred taxation as no taxable income has been received to date. The estimated
deferred tax asset available for set off against future taxation liabilities is A$ 9,279,116 (2011: A$ 7,608,368) arising from the
availability of tax losses but has not been recognised as there is no certainty that sufficient profits will arise in future accounting
periods from which these losses could be offset.
http://hotcopper.com.au/announcementFiles/2012/UNV/f85d16a5-8e1a-4ba3-896a-3be31d7d71ae-UNV610106.pdf
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kangala, page-14
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