Turn the lights out., page-6

They are only recoverable to the extent that the directors can convince the auditors of their financial modelling over the next 5 years such that they will be utilised through taxable income. The rolling track record of the company’s forecasts is appalling v actual results. No wonder every single announcement is full of spin & optimism. From recollection these questionable tax assets & PPE are the only reason the company is in a net assets position. Luckily the bank facility is ok until late 2023- subject to maintaining covenants. Then it will an interesting time.