So they haven't paid any tax for a while.
* Likely to be adjustments to prior tax payments (corrections).
(Current) Tax Payable per Balance Sheet
FY13 HY14 FY14 Hy15
$121k $140k $140k $140k
i.e not expecting material payments in the next 12 months.
Likely to be either non Australian based Income Tax - Singapore/Malaysia or a non material Australian Tax issue subject to review (as not moved for some period of time).
The above are per the "Taxation rules" for assessability/deductability and revenue/cost recognition.
The Income Tax expense disclosed in the HY14 Fin statements of ($697k) and prior half year ($906k) relate to the "tax calculation with relevance to the Accounting Profit" - which has different "rules" for revenue/cost recognition (timing related).
This may explain your musing?
CAF Price at posting:
54.0¢ Sentiment: Buy Disclosure: Not Held
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