Deferred Tax. The Closing Statement (including the Draft Closing Statement) shall not take into account or provide for deferred Tax.
Deferred Tax. The Group's significant components of deferred tax assets were as follows: Net operating losses 88,798,333 121,369,268 Accrued liabilities 34,389,202 47,898,888 Fixed assets depreciation 428,268 1,127,603 Allowance for doubtful accounts 1,875,133 11,038,772 Total 125,490,936 181,434,531 Less: Valuation allowance (125,490,936 ) (181,434,531 ) Net deferred tax assets — — As of December 31, 2009, 2010 and 2011, valuation allowances were provided for tax losses carry-forward and other deferred tax assets because it was more likely than not that such deferred tax will not be realized based on the Group's estimate of its future taxable income. Accumulated tax losses of approximately RMB 389,157,840, RMB 506,083,746 and RMB 672,646,922 carried forward as of
Deferred Tax. The Company has made full provision for deferred Taxes in the accounts in accordance with the applicable Law and applicable accounting standards. No disposal has taken place or other event occurred which will have the effect of crystallizing a liability to Taxation which should have been included in the provision for deferred Taxation contained in the financial statements of the Company if such disposal or other event had been planned or predicted at Closing.
Deferred Tax. Information on deferred tax assets and liabilities will be found in Note 2.10. Income tax expense.
Deferred Tax. Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for: Temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; Temporary differences related to investments in subsidiaries and associates to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is not probable that they will reverse in the foreseeable future; and Taxable temporary differences arising on the initial recognition of goodwill. Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profit improves. Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. The Group regularly reviews its deferred tax assets for recoverability, taking into consideration all available evidence, both positive and negative, including historical pre-tax and taxable income, projected future pre-tax and taxable income and the expected timing of the reversals of existing temporary differences. In arriving at these judgments, the weight given to...
Deferred Tax. Deferred tax was recorded on the difference of the fair values and the tax values of assets acquired and liabilities assumed. Related income tax effect was recognised on amortisation expense and other effects resulting from purchase price allocation an on other adjustments for financing the purchase price. Of the adjustments listed above, the amortisation of the customer base and the licenses, the depreciation of fixed assets and the interest expense resulting from the financing of the purchase price and related tax effects will have a continuing impact on the results of Telekom Austria. Xxxxxxxx recognised will only have an impact if an impairment charge has to be recorded in future periods. Other insignificant items not listed above will only have a minor (if any) impact on the financial results. TELEKOM AUSTRIA GROUP THIS GUARANTEE is given on 20th December, 2005 by Telekom Austria Aktiengesellschaft (the ‘‘Guarantor’’).
Deferred Tax. 4.3.1 No amount in respect of Deferred Tax shall be treated as a current asset or a current liability except that amounts in respect of Eligible Deferred Tax Assets and Eligible Deferred Tax Liabilities shall be recognised on the basis set out in this paragraph 4.3. For the avoidance of doubt, the amounts computed in respect of any Eligible Deferred Tax Assets and the amounts computed in respect of any Eligible Deferred Tax Liabilities shall not be aggregated, but shall appear as separate line items in the Net Current Asset Statement, except to the extent that (and subject to paragraphs 4.3.6 and 4.3.7 below) Eligible Deferred Tax Assets and Eligible Deferred Tax Liabilities arise in the same jurisdiction and are offsettable as a computational matter.
Deferred Tax. To the extent that the Balance Sheet does not make provision for deferred Tax, the notes to the Balance Sheet disclose full details of the amounts of such Tax and the matters to which it relates.
Deferred Tax. No deferred Tax assets or liabilities shall be recognised in the Final Completion Statement. SCHEDULE 5 PRE-COMPLETION MATTERS
Deferred Tax. (a) The Target properly accounts for deferred tax in accordance with relevant accounting standards.
