Therefore, without performing any test decrease of the utility assets, the company overstated the cost of fixed assets on the balance sheet, and underestimates the costs of the period. Please note that under paragraph 7 of P (s) A 28 regardless of any indications of a decrease in utility assets at the date of the annual balance determines the amount of recoverable goodwill and intangible assets with indefinite useful lives and unused at the date of the annual balance intangible assets. Non-recognition of deferred tax asset is also goodwill and intangible assets, should draw attention to the balance sheet as “Deferred tax assets” (p. 060 balance). In accordance with the paragraph 8, P (s) A 17 “Income Taxes” deferred tax asset is recognized in the event of a temporary tax differences, deductible, if the expectation of a profit tax, which related to these temporary tax differences.
If tax losses and tax credits carried over to future periods, the deferred tax asset is recognized in the case of expectations in the future profits that is sufficient to compensate for these losses and use benefits. In practice, there are cases where the recognition of deferred tax asset is not supported by any calculations. Especially prevalent is the use of this article, state and municipal enterprises, which are thus trying to inflate the assets and taxable income (to understate losses). This is both a violation of the precautionary principle and the principle of calculation and compliance income and expenses.