Does anyone understand the current asset income tax of $14.7 million?
Last year it was $14.8 million.It first arose in 2013, and looks like they are disputing prior assessments or amending prior returns.
It may have been they expected it to be resolved last year and that did not transpire.
Given the auditors have accepted that this should be carried forward they must believe there is a good case,
It may because of this issue there is no reference in the accounts to franking credit balances. Seems a pertinent piece of information which has not been provided.
Anyone planning to attend the AGM and prepared to ask a question?
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Current asset Income tax $14.7 million
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