From their accounting policies is an interesting read
"Deferred tax assets relating to temporary differences and unused tax losses are recognised only to the extent that it
is probable that future taxable profit will be available against which the benefits of the deferred tax asset can be
utilised"
Then I look at their "profit" history of the last 5 years...
I guess the auditors believe in the saying "past performance may not be a reliable guide to future performance"..?
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