Deferred Tax Assets definition

Deferred Tax Assets means the tax con- sequences attributable to tax carryforwards and deductible temporary differences. Tax carryforwards are deductions or credits that cannot be used for tax purposes during the current period, but can be carried forward to reduce taxable income or taxes payable in a future period or periods. Temporary dif- ferences are financial events or transactions that are recognized in one period for finan- cial statement purposes, but are recognized in another period or periods for income tax purposes. Deductible temporary differences are temporary differences that result in a re- duction of taxable income in a future period or periods.

Deferred Tax Assets means, as of a given date, the amount of deferred Tax benefits that would be recognized as assets on a business enterprise’s balance sheet computed in accordance with GAAP.

Deferred Tax Assets means, as of a given date, the amount of deferred tax benefits (including deferred tax consequences attributable to deductible temporary differences and carryforwards) that would be recognized as assets on a business enterprise’s balance sheet computed in accordance with GAAP, but without regard to valuation allowances.

Examples of Deferred Tax Assets in a sentence

• Deferred Tax Assets are reviewed for the appropriateness of their respective carrying values at each Balance Sheet date.

• Deferred Tax Assets Deferred income tax asset carrying amounts depend on estimates of future taxable income and the likelihood of reversal of timing differences.

• Line item 9 Deferred Tax Assets (DTAs) that arise from net operating loss and tax credit carryforwards, net of any related valuation allowances and net of DTLsReport the amount of DTAs that arise from net operating loss and tax credit carryforwards, net of any related valuation allowances and net of DTLs. AOCI-related adjustmentsHolding companies that entered “1” for “Yes” under item 1, must complete items 10 through 14 only for AOCI related adjustments.

• Deferred Tax Assets arising from timing differences are recognized to the extent there is a reasonable certainty that the assets can be realized in future.

• IAS 12 Income Taxes: Recognition of Deferred Tax Assets for Unrealised Losses (Amendments) The IASB issued amendments to IAS 12 Income Taxes.

More Definitions of Deferred Tax Assets

Deferred Tax Assets means any deferred Tax assets of the Group Companies measured as at 4 p.m., New York City time on the Business Day immediately prior to the Closing and all calculated in accordance with the line items as set forth in Exhibit C and consistent with the sample calculation of “Deferred Tax Assets” as of the date hereof, set forth on Exhibit C for illustrative purposes only.

Deferred Tax Assets or “DTA” mean a deferred tax asset that would be recognized as a deferred tax asset under GAAP for the gross deferred tax asset before non admittance or valuation allowance considerations, determined as of the Effective Date.

Deferred Tax Assets means the State Deferred Tax Assets, the Santander Deferred Tax Assets and/or the Retained Business Deferred Tax Assets;

Deferred Tax Assets and "Other Assets" all as classified on Numatics' consolidated balance sheet, including, but not limited to, transaction costs not amortized, debt issuance costs not amortized and product drawings, as determined solely by Lender on a consistent basis less prepaid expenses and obligations due from officers, affiliates and employees plus the amount of any LIFO reserve plus the amount of any debt subordinated to the Liabilities in a manner satisfactory to Lender (but excluding the indebtedness evidenced by the Subordinated Redemption Note dated January 3, 2001 in the principal amount of One Million Eighty-Nine Thousand Nine Hundred Ninety-Six and No/100 Dollars ($1,089,996.00) issued by Numatics to Xxxxx X. Xxxxx and, to the extent in excess of Five Hundred Thousand and No/100 Dollars ($500,000.00), indebtedness consisting of deferred compensation owing to Xxxx Xxxxxx) plus deferred tax liabilities, all as determined for Numatics and its Subsidiaries on a consolidated basis under generally accepted accounting principles applied on a basis consistent with the financial statement dated September 30, 2001 except as set forth herein and calculated without giving effect to any unrealized non-cash foreign exchange gains and/or losses accumulating after December 31, 2001;

Deferred Tax Assets means the Transferor’s deferred tax assets relating to the Transferred Assets or any assumed Liability that is carried on its books.

Deferred Tax Assets means an amount of income taxes that can be refunded in the future resulting from a temporary difference between carryforward of unused tax losses and carryforward of unused tax credits, as prescribed by the Accounting Standard No.12 Re: Income Taxes.

Deferred Tax Assets means any asset line items for deferred Taxes shown on the Acquisition Balance Sheet or Seller's Financial Statements.