Can someone explain this bit in the report under liabilities
Deferred tax liability = 742.0 (which is in US$ Million)
Also
– Goodwill of $530M was recognised on Galaxy acquisition attributable to deferred tax liabilities on valuation uplifts in James Bay and Sal de Vida. – Net deferred tax liability increase is mainly due to Galaxy valuation and taxation in Argentina.
The rest all looks OK. We have not made enough for a big tax bill but it looks a bit scary.
AKE Price at posting:
$9.06 Sentiment: Buy Disclosure: Held