It is a liability because Winsome has the obligation to transfer the tax deduction to those investors who paid for the premium shares under flow-through share placement. Those investors can use this tax deduction to pay less tax.
Once Winsome fulfill its obligation, the share premium liability will then convert into deferred tax liability, which is something you don't have to pay out in cash until you got taxable income.
Ann: Annual Report to shareholders, page-17
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Last
54.0¢ |
Change
0.030(5.88%) |
Mkt cap ! $116.8M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 57.0¢ | 51.5¢ | $928.2K | 1.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4705 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 57133 | 2 |
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