have i missed something?, page-2

Dasa,

In accounting, I do not think the accumulated losses move when a company is purchased, just the tax credits or liabilities. On slide 103, these losses are $771M. The tax effective amount is $231m (don't quite understand the difference - other than 231 is 30% of 771)

So, no, I do not think others companies can realise the accumulated losses.

I am happy to be corrected by a taxation accountant (which I am not)

HT1