I should clarify, the terminology I should have used is "carry forward operating tax losses", not "deferred tax assets" which would appear on the balance sheet. The following is from the notes to the 2017 annual report:
"The company has estimated carry forward operating tax losses of $111,390,565 at June 2017 (2016:$119,159,128) which are not recognised. The ability to utilise the operating tax losses will be subject to satisfying relevant eligibility for the recoupment of carry forward tax losses."
I should clarify, the terminology I should have used is "carry...
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