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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Mkt cap ! $464.8M | |||
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