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20.5¢ wiluna mining corporation limited.

tax losses are carried to a new entity I believe if it’s the...

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Cigarsmoker59

225 Posts.

63

21/02/24

19:02

Post #: 72521065
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Originally posted by yurts: ↑

Not an accountant but...impairment losses are not tax deductible, neither are unrealised losses. Therefore 2022 tax losses would be closer to $15M.

However, your point is valid that there should be tax losses carried forward that should reduce the tax burden, just not the full amount of the carried forward losses shown in the June 30 2022 annual accounts.

This does give rise to an interesting question - are the carried forward tax losses WMC's best asset? What value do you give the tax losses? Can they/will they be carried forward in a transaction?

Again, not an accountant, DYOR.

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tax losses are carried to a new entity I believe if it’s the same industry
hence if a fellow gold miner acquired WMC they could utilise the losses

you are correct in saying the impairment is not a tax deduction

the irr / npv calc should factor in carrier for tax losses

should be easy enough to work that out

i need to scim through just read the post to see the wise heads on HotCopper

i am an accountant but not a tax specialist

WMC Price at posting: 20.5¢ Sentiment: None Disclosure: Not Held
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