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20.0¢ firefinch limited

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WoodySpoon

9,722 Posts.

2935

04/08/24

14:55

Post #: 75063035
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Originally posted by fooca: ↑

@WoodySpoon @abu

As you are switched on in regards to Company taxes, loses/liabilities etc.
Just need a little information .. .. ..

Why would it be a concern to the Company
re: "The outstanding financial statements, which arestill undergoing audit prior to being lodged, may likely report a deferred taxliability which is more than the current cash holding of Firefinch. A component of the deferred tax liabilitywill likely reflect the potential tax liability which could be incurred byFirefinch in relation to an in-specie distribution of the Leo shares to shareholders, absent a favourable tax ruling...(sic)"Given the information in the last available financial report, Annual Report for year ending 31 December 2022, whereas the Company was carrying $198,426,634 of accumulated loses, as per note 23.
~ can these loses offset any deferred and potential tax liability?

Thanks in advance

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I have NFI what is happening with taxes. Waiting and hoping like everybody.

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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