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Dejour Energy Inc. Message Board

  • auggiekicker1821 auggiekicker1821 Apr 16, 2013 6:23 PM Flag

    Reserve on deferred tax asset.

    Watch the reserve get reversed once dejour assumes foreseeable profitability.....don't forget about that kicker.

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    • From the yearend report (page 33):

      As at December 31, 2012, on a consolidated basis, the Company had approximately $38,086,000 of non-capital losses which can be applied to reduce future taxable income. In addition, the Company had consolidated exploration and development expenditures totaling approximately $50,505,000, unamortized share issue costs of approximately $988,000 and capital loss carry forwards of approximately $8,242,000 which may be available to reduce future taxable income. The exploration and development expenditures can be carried forward indefinitely. Therefore, management does not expect the Company to pay any income taxes until 2014 or later in both Canada and USA.

      $$$$$$$$$$$$$$$$$$$
      So they could use that to take a pretty big whack out of future taxes....

 
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