Note 14 - Deferred tax asset
Deferred tax recognized in the balance sheet is relating to temporary differences on items below and and loss carry-forward.
| 8/31/19 | 8/31/18 | |
|---|---|---|
| Deferred tax assets recognized in the balance sheet | 672 | 1,699 |
| Opening balance | 1,699 | 0 |
| Deferred tax on used loss carry-forward | -1,699 | 0 |
| Current tax on profit/loss for the year | 692 | 1,699 |
| Revaluation due to changed tax rate | -20 | 0 |
| Closing balance | 672 | 1,699 |