Hi albertan33
I'ts on page 19 of the 2022 annual report.
Hope this help
Here it is
A net deferred
tax asset has not been recognized for $76 million (2021 – $69 million). This amount is primarily related to non-capital losses carried
forward.
Total gross tax losses available to the Company are $434,694,000 with $398,191,000 in the US and $36,503,000 in Canada. The
first of these losses will begin to expire in 2031.
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This tax assets is off balance and not recognized so far in Akita's results but it is real.
It equats to $1.91 / share and the stock trade
at $1.50
Go figure.
Later today, i will do a last write up on Akita since i have said most of what i think on them.
Sorry for all the spelling mistakes i am french and do my best
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In yesterday's Precision Drilling Q4 results, PD did recognized their tax asset.
This tax assets boosted PD results by about $4.81 / share.
This is PD tax recognition of their tax assets
- an income tax recovery of $69 million, as we recognized a deferred income tax asset of $73 million related to the expected future use of certain Canadian operating losses.