Annual Report 2016/20172 Jan 2019 11:08
The Group has incurred indefinitely available tax losses of £10,413,000 (2016: £8,899,000) to carry forward
against future taxable income of the subsidiaries in which the losses arose and they cannot be used to offset
taxable profits elsewhere in the Group. In addition, there is approximately £815,000 of deductible
temporary difference in respect of the share based payment.
No deferred tax asset was recognised in respect to these accumulated tax losses and the decommissioning
provisions as there is insufficient evidence that the amount will be recovered in future years.