Hi nuts & orionwoo
I know its a bit off topic, had a read of ATO ruling about the control test.
Here is a dogye accountant point of view:
1. The financial report we see is a consolidation report 2. PRR has several subsidiaries
3. Tax loss could be carried forward under each subsidiary as single legal entity and get off-set in future years
So, technically the loss can be carry forward even its a highly liquid public listed company
interesting article from mergermarket, page-17
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Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $421.2M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $751.3K | 2.589M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 307462 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 118494 | 4 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |