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
Proposed translations
(English)
4 | Prior year losses set off | Jack Dunwell |
3 +1 | utilisation of tax loss carryforwards not carried in the balance sheet | rkillings |
Proposed translations
26 mins
Selected
Prior year losses set off
Prior year losses set-off .
They were available for set-off against current liability
They were available for set-off against current liability
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).
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