Annual Report 2017/18

Note 20 – Deferred tax asset 

The Group has recorded deferred tax assets in respect of the tax loss carryforwards in MAG Games Ltd. The tax loss carryforwards have been capitalised as the Group considers it likely that it will be possible to set off the remaining deficit against future taxable profits. There are no non-capitalised deficits in the Group.

Opening value1,2631,612
Currency difference132-130
Tax effect, tax loss carryforwards utilised304-219
Closing value1,6991,263