Mar 27, 2008 09:04
16 yrs ago
9 viewers *
French term

Déficits antérieurs non activés utilisés

French to English Bus/Financial Accounting
This is from a table presenting a company's income tax expenses

Discussion

cjohnstone Mar 27, 2008:
il ne manque pas une virgule ou un/ entre non activés et utilisés? Sinon je ne vois pas du tout comment ça peut être à la fois non-activé et utilisé, ça me paraît si contradictoire... Mais peut-être un collègue saura mieux ou c'est qque chose d'autre?

Proposed translations

26 mins
Selected

Prior year losses set off

Prior year losses set-off .
They were available for set-off against current liability
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4 KudoZ points awarded for this answer. Comment: "Many thanks"
+1
14 hrs

utilisation of tax loss carryforwards not carried in the balance sheet

The 'non activés' part is significant: it means the prior-year losses could not be recognised as a deferred tax asset when they were incurred, presumably because set-off against future years' profits was not considered probable at that time. (activé = given asset treatment).
Peer comment(s):

agree Buzzy
12 hrs
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