Deferred tax

Oct 2, 2010
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Dear all readers,
While reviewing the financial statement of Lucky cement Pakistan i have a problem to understand that why deferred tax of company is positive Rs456,535 (page #34 at at financial statements of lucky cement 2008 from internet download
Tax is our liability we have to pay the tax then why it is adding up in total profit of company ( here do not confuse that figure 456.535 is in ( ) so it is subtracting actually it is adding. basically they are subtracting that figure of deferred tax from total taxation.
so any one can kindly explain me the reason of that figure and on which cases deferred tax become positive in essay language. It will also be appreciated if some one will interpret the Net profit of lucky cement of 2008 i.e major reason for that net profit .

Thanks .


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