Sentences with phrase «deferred tax assets»

A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

It will absorb a $ 35 million net loss, after writing down deferred tax assets associated with the business.

They're sitting on $ 7 mm in deferred tax assets which are not shown on the balance sheet because they're all reduced by an equivalent valuation allowance.

The new tax law requires the firm to write down the value of its enormous cache of deferred tax assets, generated during that period of losses.

For now, there will be some up - front charges on deferred tax asset (DTA) write - downs and deemed repatriation of foreign profits for many of the firms.

First - quarter results, however, will be impacted by one - time writedowns as the banks reduce the value net deferred tax assets already held on company balance sheets.

This gave rise to a $ US230 million write - down of the value of deferred tax assets in its North American Operations There was a further $ US700 million impairment charge on an increase in the long - term combined ratio assumption for North America.

Here is a table of deferred tax assets by OIS, for those having more than 10 % of surplus in DTAs.

Others might report DTLs on the balance sheet but also have offsetting deferred tax assets in the notes.

Deferred tax assets as a part of Statutory Capital — again, I would have to look at the Statutory books to know for sure.

Therefore, it is unclear whether any tax benefits would be immediately usable by Pride for the tax year in which the benefit ultimately relates, or even during the carryback or carryforward period allowed under U.S. tax law, but the fact that Pride does not record a valuation allowance against its existing U.S. deferred tax assets suggests that Pride expects future profitability to allow it to use its tax benefits at some point.

Because of years of losses in the past, through what's called deferred tax assets, Delta and some other airlines don't pay taxes.

Most public companies should benefit from the new tax law but some of the biggest losers will be companies with large deferred tax assets (DTAs).

The recognition of a one - time deferred tax asset relating to SES - 16 / GovSat - 1, which entered into service in March 2018, was the principal reason for the positive income tax contribution of EUR 10.1 million (Q1 2017: EUR 27.7 million expense), as well as the increase in non-controlling interests to EUR 14.8 million (Q1 2017: EUR 0.9 million).

Several of Canada's biggest lenders have indicated they expect to record a write down to reduce the value of deferred tax assets already held on company balance sheets as a result of tax changes under U.S. President Donald Trump, but expect a lift to earnings in the long term.

Net profit included a writedown of 2.865 billion Swiss francs in the fourth quarter of deferred tax assets due to the introduction a new tax cuts and the jobs act in the United States.

The mortgage agency rebounded from results in the fourth quarter, when it recorded a $ 5.4 billion writedown of its net deferred tax assets stemming...

Canadian businesses, especially in the financial services sector, are having to revise deferred tax assets now worth less under a reduced U.S. corporate tax rate

The reaction to the US Tax Cuts and Jobs Act announced in December was pretty much universally positive among bank CEOs reporting results in January, but the effects varied a lot — mostly due to the fact that levels of historic deferred tax assets (DTAs) are far from equal.

The sale price also should give the bank an opportunity to tap into its $ 50 billion or so of deferred tax assets accumulated from losses during and after the crisis, and which can be used as long as U.S. - based businesses turn a profit.

For specific company examples, see my articles on Eastman Kodak's (EK — dangerous rating) pension accounting manipulation and Citigroup's (C — dangerous rating) overstated deferred tax assets.

(Note: deferred tax assets only have value if you are going to have pretax income in the future.

The U.K. bank's net loss was # 1.92 billion ($ 2.67 billion), part of which was a one - off # 901 million charge on U.S. deferred tax assets.

Another wrinkle is Citi's so - called deferred tax asset, which the bank values at around $ 50 billion.

Though Citi tried to sweep the issue under the rug, CLSA analyst Mike Mayo and I pointed out that Citi was seriously stretching accounting rules by carrying such a large deferred tax asset.

Fully diluted earnings per share are not significantly different from basic earnings per share 3) Includes recognition of one - time deferred tax asset in Q1 2018, following the entry into service of SES - 16 / GovSat - 1 (owned by GovSat, a 50/50 public private partnership between SES and the Government of Luxembourg), resulting in a corresponding increase in non-controlling interests

It's expected to be a noisy quarter for bank earnings in general, thanks in part to the tax law, which has caused many banks to book losses on repatriated cash and deferred tax assets that declined in value.

While the new law is expected to be a long - term positive for most companies, several announced they would have to take one - time charges because the lower rate reduced the value of their deferred tax assets, which represent taxes already paid.

These companies initially recorded their deferred tax assets at the older, higher rate, so the tax cut made those assets less valuable.

The No. 1 U.S. mortgage financing company swung back from a net loss of $ 6.53 billion in the fourth quarter due to a $ 9.9 billion writedown of its deferred tax assets tied to the sweeping federal tax...

Several of Canada's lenders with U.S. exposure have indicated they expect to record a writedown in the first quarter to reduce the value of deferred tax assets, but are expecting a long - term, sustainable boost to their earnings from the tax cut.

Net profit attributable to SES shareholders of EUR 98.2 million (Q1 2017: EUR 128.4 million) included a positive tax contribution related to the recognition of a deferred tax asset following the entry into service of SES - 16 / GovSat - 1 which is not expected to repeat.

Deferred tax assets can occur when a company has paid taxes in advance that are held on its balance sheet.

The reform to the tax system signed into law by President Donald Trump on Dec. 22 will force the British lender to reduce the value of its deferred tax assets, prompting it to take a one - off charge in its results for the 12 months to the end of December.

The reform to the tax system signed into law by President Donald Trump on Dec. 22 will force the British lender to reduce the value of its deferred tax assets

Barclays» net loss was # 1.92 billion, part of which was a one - off # 901 million charge on U.S. deferred tax assets.

«The reversal of our deferred tax asset reserve this quarter is, as I noted before, really symbolic rather than a significant financial event.