RE: Deferred tax liability2 Mar 2022 15:31
thats not right Jed. I think you would offset LOSSES your business made against any taxable profits. This is the other way around. here we have profits which then turns into a loss because of the deferred tax provision.
It does look like to me these guys have a huge tax bill, wtf, they really havent botherd to explain this in the numbers either properly calling it a non-cash adjustment.