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Emillz- Agree with you on that one. Very informative, thanks for the link.
do you know how many shares were shorted last time?
I am just here to make some money, just like everyone else I suppose. Just go with the market trend and you will not feel screwed. Good Luck
Wise
this chart looks like a 2 story escalator. I think this board is the only one trading this stock to tell you the truth.
argh!! show me the money
you people really kill me.
Investor Relations Officer:
Mr. Jeffrey Alan Bosaw
Direct Phone: (402) 212-7840 USA
Fax: (347) 214-7841
E-mail: IRjbosaw@yahoo.com
ibrecken, this is what they need
http://www.maximumvoice.com/
http://www.hostventrilo.com/
http://www.ventrilo.net/
It is a cheap alternative to VOIP communications and is easy to setup chat room.
Short (5 months) and Today Sales:
Short Interest for December 2006
Short
208,431
Short Interest for January 2007
Short
6,130
Short Interest for February 2007
Short
1,299
Short Interest for March 2007
Short
50,412
Short Interest for April 2007
Short
10,825
5/21/2007 9:48 PM
********************************************
0.0395 60000 OTO 15:58:32
0.039 25000 OTO 14:53:16
0.0395 25000 OTO 14:49:19
0.039 6000 OTO 14:48:41
0.0385 5000 OTO 14:44:45
0.0385 6000 OTO 14:42:55
0.039 200000 OTO 13:34:31
0.0385 200000 OTO 13:34:28
0.0385 10000 OTO 13:23:17
0.0385 5000 OTO 13:23:13
0.039 60000 OTO 12:46:31
0.039 25000 OTO 12:44:01
0.039 20000 OTO 12:41:54
0.039 20000 OTO 12:41:54
0.0395 5000 OTO 12:41:01
0.0395 7000 OTO 12:41:00
0.0395 2000 OTO 12:37:50
0.0395 19000 OTO 11:48:44
0.039 6000 OTO 11:42:20
0.0395 5000 OTO 11:07:15
0.0395 5000 OTO 10:53:59
0.04 12700 OTO 10:38:45
0.04 50000 OTO 10:38:43
0.04 16700 OTO 10:38:18
0.04 16700 OTO 10:38:17
0.04 10000 OTO 09:40:06
0.04 40000 OTO 09:30:21
0.04 2313 OTO 09:30:21
t 0.04 25000 OTO 09:20:34
----------------------------------
0.04 50000 OTO 05/18
bosawj, good day to you
Is there a reason for this website to be active, or is it just a distraction?
http://www.pearlasian.net/index.html
golden08, first time I bought Franklin it was at .06, took a big dip to .0025 overtime and eventually came back up. Lucky me I had 6,000,000 at an average of .0035 which I sold during the run up to .15
Your time will come (patience is a virtue)
wise
I thought so, I never thought you would stay mod here. Is it heading to .0025 again is the real question. I see they still PR'ing the hell out of company
Holly bolivia... after all the true longs are still around
Martistillscum, sortagreen, FA, NYbob.
I never thought I would post again here, but chart is crazy I see. Just like old times
FA did you ever buy back in
wise
unfortunately i cant see that, It looks like we are holding pretty good around .04
Level 2
21 MM's (BID)
MM ID Bid Size Time
UBSS 0.0380 5000 07:51:41
SBSH 0.0380 5000 07:22:01
DOMS 0.0365 5000 10:03:22
NITE 0.0360 5000 15:22:03
MAXM 0.0360 5000 07:20:56
HILL 0.0360 5000 07:56:48
ABLE 0.0350 5000 08:43:21
SSGI 0.0350 5000 08:43:21
ETRD 0.0350 5000 08:42:19
HDSN 0.0310 5000 09:04:04
FRAN 0.0300 5000 08:49:02
SALI 0.0250 5000 08:11:12
JEFF 0.0200 5000 07:42:08
23MM's (ASK)
MM ID Ask Size Time
UBSS 0.0390 5000 07:51:41
SBSH 0.0400 5000 07:22:01
NITE 0.0400 5000 15:22:03
MAXM 0.0420 5000 07:20:56
PERT 0.0420 5000 08:44:31
DOMS 0.0440 5000 10:03:22
ABLE 0.0450 5000 08:43:21
SSGI 0.0450 5000 08:43:21
HILL 0.0700 5000 07:56:48
HDSN 0.0700 5000 09:04:04
FRAN 0.0750 5000 08:49:02
SALI 0.0750 5000 08:11:12
ETRD 0.0800 5000 08:42:19
This is interesting
On behalf of the National Oil Corporation of the Great Libyan Jamahiriya, I am pleased to announce that NOC will be actively involved in the above event held in Tripoli, on the 21st until the 24th of May 2007.
The event will include a Strategic Conference, Exhibition, Technical Sessions and a Local Content Seminar.
Along with Libyan Content in the Oil sector other topics will include: Integrated Gas projects, Infrastructure in the Energy Sector, Knowledge Transfer, New Exploration, and Improving Recovery of Existing Fields.
We look forward to meeting Exhibitors, Delegates, Speakers and visitors from existing companies and new investors in Tripoli next May. The aim is to exchange ideas and discuss new practices that will further the development of our industry.
Your sincerely
H.E. Dr Shokri Ghanem
Chairman of the National Oil Corporation, Libya
http://www.tradefairgroup.com/libyaoilandgas/index.asp
+17 %, first time in a while
Hey strongus - sorry about bringing another company to the Nwog board. feel free to delete my post if you have too.
I know our day is comming. :)
aurus just got their PR, I supposse the market didn't like the .38 cent offer, HMM they are officially on the red.
just joking , maybe a satellite phone then.
maybe he should get a Gold Plated BlackBerry like this one with that gold they dug up.
I wonder if they are getting drunk with the business
20061219
Mother Russia absorbing a vodka label
When American-born Harry Lee Danziger set up a small vodka company in Ireland, he was hoping to cash in on the international popularity of the iconic Russian drink.
Now, the North-West Oil Group (NWOG) of Moscow has purchased Danziger Gold Vodka from its founder for an estimated $20 million.
The company bottles its gold leaf-flecked product in Waterford. It also produces a liqueur version and a single-malt whiskey called John Ireland.
Danziger died last year. His son, Nick, a well-known photojournalist, has been running the operation on an interim basis since then along with Stephen Duffy, a friend of the Danziger family and a business consultant who is know to have been the driving force behind the brand.
In a statement, NWOG said it plans to invest heavily in the brand to increase sales up to 12 million bottles a year. Danziger Gold currently sells a fraction of that amount, and is available only in duty free outlets around Europe.
kick - to copy your screen to the "Windows" Clipboard
This is what you do
Press these keys on your Keyboard at the same time
CTRL+ALT+Prt Scrn
The Prt Scrn key is on top of the Insert key and next to the scroll key
After you do that
open mspaint by clicking the Windows logo on your keyboard and clicking on "run" then type mspaint in the space provided
after mspaint opens
Press CTRL + V (this the key combination to paste what is stored on the Clipboard)
Save the print screen into a .jpeg, .bmp or similar format file.
Upload the picture to the webserver that will host it
Then use the chart feature as instructed on IHub to post your screen shot. For eaxmple [ chart ] www.myhost.com/myscreenshot.jpeg [ /chart ]
Thanks
Wise
lburr2 and yet another project related to Aroroy
http://www.mgb.gov.ph/asomm/new_project.htm
Aroroy Gold Project A US$ 100 million mining investment project of Filminera Resources in Aroroy, Masbate involving the rehabilitation of the old Atlas gold mine to produce 138,500 ounces of gold per year. It is currently conducting confirmatory drilling to finalize its bankable feasibility study.
lburr2 - and here is the link to
On April 11th, 2007, RSM International affiliate Carlos J. Valdes & Associates (CJVA) presented to PAIM management the preliminary financial statements with proposed adjusting journal entries and management letter. Chief Financial Officer Arnel Morilla states: "We shall finalize our comments to their preliminary findings/statements at the soonest possible time, and we expect to obtain the complete audited financial statements in as short as 2-3 weeks. We will subsequently post it for perusal by shareholders."
This is the old PR when PAIM mentioned this firm the first time
http://www.allbusiness.com/accounting/4011414-1.html
Wow PR's that coincide . WooHoo
Maybe only1gail wants to give them a call/email to verify PR validity.
CJVA (they have 3 offices, MAKATI, CEBU and DAVAO)comes up on page 116 RSM International International, Directory 2006/2007
http://www.rsmi.com/Website/web.nsf/3c507a3e642810cb80256ee600535e1d/77e38a2b9a729ddf802572650044d0e....
CARLOS J VALDES & ASSOCIATES
International Contact Felicidad A. Abad
MAKATI
3/F CJV Building Tel: (2) 892 5931 35
108 Aguirre Street (2) 750 7563
Legaspi Village Fax: (2) 819 1468
Makati City cjva@greendot.com.ph
CEBU
2/F Fortune Life Building Tel: (32) 416 7899
Osmeña Boulevard (32) 255 1836
Cebu City Fax: (32) 255 2024
cjva_cebu@globelines.com.ph
DAVAO
3/F Unit 34 Cocolife Building Telefax: (82) 227 7683
Cor. Palma Gil & cjvadavao@yahoo.com
C.M. Recto Streets
Davao City
translation to eik's post # 31384 below
http://translate.google.com/translate?u=http%3A%2F%2Fwww.e-disclosure.ru%2Fportal%2Fcompany.aspx%3Fi...
*************************************************************
If you are wondering why NWOG’s income was down last year look at Saratovneftegeofizika results http://www.e-disclosure.ru/portal/company.aspx?id=2894 : in the 1st qrt 2007 net revenue is down 147% “because of falling World oil prices”. As I mentioned before, this is a common problem for all Russian oil companies.
Strongus - Maybe is time to start a survey/poll for the board.
Perhaps questions like the ones below may work to let some frustration out:
1- Where do you think NWOG is going in the next 2 years? or something to that extent.
Or Why did you buy in the first place? to Flip, to Stay long to stay short?
Maybe be some people need to express themselves in a neutral fashion by giving them specific answers they can do that without being criticized.
That perhaps will not trash the forum.
I have red every post since I bouth my first NWOG share.
wise
euddoggwyn - monimpex.com may be the wrong domain. here is the registrant info
Registrant:
Laframboise & Associes
ATTN: MONIMPEX.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA. 20172-0447
Domain Name: MONIMPEX.COM
Administrative Contact:
Laframboise, Rejean cm9dz7tb4du@networksolutionsprivateregistration.com
ATTN: MONIMPEX.COM
c/o Network Solutions
P.O. Box 447
Herndon, VA 20172-0447
570-708-8780
Technical Contact:
Network Solutions, LLC. customerservice@networksolutions.com
13861 Sunrise Valley Drive
Herndon, VA 20171
US
1-888-642-9675 fax: 571-434-4620
Record expires on 25-May-2007.
Record created on 25-May-2004.
Database last updated on 5-Apr-2007 19:27:19 EDT.
Domain servers in listed order:
DNS1.QUESTZONES.COM
PIPER.QUESTZONES.COM
This listing is a Network Solutions Private Registration. Mail
correspondence to this address must be sent via USPS Express Mail(TM) or
USPS Certified Mail(R); all other mail will not be processed. Be sure to
include the registrant's domain name in the address.
Registry Status: clientTransferProhibited
See Underlying Registry Data
Report Invalid Whois
eik - Im glad you agree with me on this one, Your DD is certainly some of the best on the board. I used this opportunity to more than double my position, I know it will pay off in due time.
wise
Tiger1 - I am with you on this one, I will give them a few more weeks and see what happens. I tell you I almost felt like throwing my computer from the second floor today.
Most likely they could not get this done on time, just like a year ago during the Parkin days. He probably left a big mess behind. By releasing this Unaudited Consolidated Financials on quote "today provided consolidated financial statements for the year ending March 31, 2007" they thought thay could buy themselves some time and get the real thing going on quote "will proceed to file its audited financial statements".
I hope they come through,
Hey did I tell you I saved 15% by switching from GEICO...
Hey Strongus,
I sure feel much better after seing my avg drop from .6 to .26
Woohoo, just a little more to go.
I can tell you the financials didn't really impress me that much, but they sure lets me know NWOG is there and trying to get their heads above water.
It is better to get something than nothing thats for sure. NWOG will rise again. I can tell you I am pretty deep on this one.
I dont think I ever stopped trusting the Ruskies.
Level II
0.05 33300 OTO 13:54:01
0.05 33400 OTO 13:53:56
0.05 33400 OTO 13:53:54
0.05 5000 OTO 13:53:28
0.05 16600 OTO 13:51:57
0.05 16700 OTO 13:51:48
0.05 16700 OTO 13:51:46
0.05 16700 OTO 13:51:43
0.05 5000 OTO 13:49:08
0.05 5000 OTO 13:49:06
0.05 30000 OTO 13:48:49
0.05 6900 OTO 13:40:16
0.05 20000 OTO 13:39:51
0.05 10000 OTO 13:25:28
0.05 50000 OTO 13:25:26
0.05 29664 OTO 13:20:26
0.051 333 OTO 13:19:36
0.052 4000 OTO 13:08:55
0.052 20000 OTO 13:06:38
0.052 1300 OTO 13:01:15
0.049 10000 OTO 12:42:23
0.05 100000 OTO 12:31:06
0.05 50000 OTO 12:30:36
0.05 10000 OTO 12:27:57
0.05 90000 OTO 12:27:44
0.05 4750 OTO 12:24:38
0.05 5000 OTO 12:24:05
0.05 117500 OTO 12:21:24
0.05 5000 OTO 12:21:21
0.05 25000 OTO 12:20:15
Where will we go from here?
Great thanks runningAllDry, It is hard to find people like you and Eik that are willing to run the numbers for the board. It keeps people on topic and focus. Thanks again Wise.
Go Nwog
runningAllDry and Eik - Could you please do your magic number calculations with these? Thanks Wise
CONSOLIDATED INTERIM STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME(AUDITED)
http://sec.edgar-online.com/2006/06/05/0001144204-06-023673/Section8.asp
CONSOLIDATED INTERIM BALANCE SHEET(AUDITED)
http://sec.edgar-online.com/2006/06/05/0001144204-06-023673/Section9.asp
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS(AUDITED)
http://sec.edgar-online.com/2006/06/05/0001144204-06-023673/Section10.asp
Lets look at the Audited Interim balance sheet for that time period:
http://sec.edgar-online.com/2006/06/05/0001144204-06-023673/Section7.asp
RSM TOP-AUDIT
Pokrovka str. 43, bldg.1, Moscow,
103062, Russia
Telephone: +7(095) 916-0911 Fax: +7(095) 917-8789
+7(095) 917-8789
--------------------------------------------------------------------------------
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Stockholders of
North-West Oil Group Inc.
We have audited the accompanying interim consolidated balance sheet of
North-West Oil Group Inc. (the "Company") as of March 31, 2006 and the related
interim consolidated statements of earnings and comprehensive income,
stockholders' equity and cash flows for the period April 1, 2005 to March 31,
2006 and from July 1, 2004 to March 31, 2005 . These interim consolidated
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these interim consolidated financial
statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance whether the consolidated
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the consolidated financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall consolidated financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, these interim consolidated financial statements referred to
above present fairly, in all material respects the financial position of the
Company as at March 31, 2006 and the results of its operations and cash flows
for the period ended April 1, 2005 to March 31, 2006 and from July 1, 2004 to
March 31, 2005 in conformity with accounting principles generally accepted in
the United States of America.
--------------------------------------------------------------------------------
RSM TOP-AUDIT
NORTH - WEST OIL GROUP INC.
CONSOLIDATED INTERIM BALANCE SHEET
(AUDITED)
APRIL 01, 2005 JULY 01, 2004
MARCH 31, 2006 MARCH 31, 2005
-------------------------------------------------------------------------------------------------------------
U.S. $ U.S.$
-------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS
Cash and Equivalents 3 092 48 723
Accounts Receivables 713 663 196 081
Financial Assets 765 361
Inventory 758 204 168 844
-------------------------------------------------------------------------------------------------------------
Other 434 296 20 542
-------------------------------------------------------------------------------------------------------------
Total Current Assets 2 674,616 434 190
-------------------------------------------------------------------------------------------------------------
Fixed Assets 99 679 186 470 413
-------------------------------------------------------------------------------------------------------------
Total Assets 102 353 802 904 603
-------------------------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts Payable 1 021,767 486 906
Other Current Liabilities 96 725 14 487
-------------------------------------------------------------------------------------------------------------
Total Current Liabilities 1 118,492 501 393
-------------------------------------------------------------------------------------------------------------
Long Term Debt 12 235 595 -
-------------------------------------------------------------------------------------------------------------
Total Liabilities 13 354 087 501 393
-------------------------------------------------------------------------------------------------------------
STOCKHOLDERS' EQUITY:
Capital Stock 347 347
Paid in Capital 79 352 969 -
Retained Earnings 9 646 399 402 863
-------------------------------------------------------------------------------------------------------------
Total Stockholders Equity 88 999 715 403 210
-------------------------------------------------------------------------------------------------------------
Total Liabilities and Stockholders' Equity 102 353 802 904 603
-------------------------------------------------------------------------------------------------------------
NORTH - WEST OIL GROUP INC.
CONSOLIDATED INTERIM STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(AUDITED)
FOR THE PERIOD FOR THE PERIOD
APRIL 01, 2005 JULY 01, 2004
MARCH 31, 2006 MARCH 31, 2005
-------------- --------------
U.S.$ U.S.$
Sales:
Income 103,996,305 1 311 006
------------------------------------------------------------------------------------------------------------
Operating Expenses 83,822,737 1 074 837
Selling, general and administrative 6,406,171 30 305
Amortization/Depreciation 1 031 828 47 041
------------------------------------------------------------------------------------------------------------
91,260,736 1 152 183
------------------------------------------------------------------------------------------------------------
Earnings before Provision for Income Taxes 12,735,569 158 823
------------------------------------------------------------------------------------------------------------
Total other Income Net 20,799 6 350
------------------------------------------------------------------------------------------------------------
Earnings before Tax Provision 12,714,770 165 173
Provision for Income Tax Expense 3,051,544 38 260
------------------------------------------------------------------------------------------------------------
Net Income for the Period 9,663,226 126 913
------------------------------------------------------------------------------------------------------------
Net Earnings for Common Share
------------------------------------------------------------------------------------------------------------
Fully Diluted
------------------------------------------------------------------------------------------------------------
Weighted Average Common Shares
------------------------------------------------------------------------------------------------------------
Fully Weighted Average Common
Shares Outstanding
------------------------------------------------------------------------------------------------------------
NORTH - WEST OIL GROUP INC.
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
(AUDITED)
FOR THE PERIOD FOR THE PERIOD
APRIL 01, 2005 JULY 01, 2005
MARCH 31, 2006 MARCH 31, 2005
-------------- --------------
U.S.$ U.S.$
CASH FLOWS FROM OPERATING ACTIVITIES:
<C>
Net Earnings 9,663,226 126 913
Depreciation and amortization 1 031 828 47 041
(Increase) decrease in: - -
Changes in Receivables (517 582) (196 081)
Changes in Liabilities 716 666 501 609
Changes in other Operating
Activities (1 003 114) 189 386
------------------------------------------------------------------------------------------------------------
Net cash and cash equivalents provided by
OPERATING ACTIVITIES 9,891,024 668 868
------------------------------------------------------------------------------------------------------------
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Capital Assets (111,171 618) (517 454)
------------------------------------------------------------------------------------------------------------
NET CASH USED FOR INVESTING ACTIVITIES (111,171,618) (620 145)
------------------------------------------------------------------------------------------------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in Paid in Capital 88 999 369 -
Long-term loan 12 235 595 -
------------------------------------------------------------------------------------------------------------
Net cash from Financing Activities 101 234 963 -
------------------------------------------------------------------------------------------------------------
Net (Decrease) Increase in Cash (45 631) 48 723
Cash- Beginning of Period 48 723 -
------------------------------------------------------------------------------------------------------------
Cash - End of Period 3 092 48 723
------------------------------------------------------------------------------------------------------------
SUPPLEMENTAL DISCLOSURE OF NON-CASH
FLOW INFORMATION
CASH PAID DURING THE YEAR FOR:
INTEREST - -
------------------------------------------------------------------------------------------------------------
INCOME TAXES - -
------------------------------------------------------------------------------------------------------------
NORTH - WEST OIL GROUP INC.
NOTES FOR INTERIM CONSOLIDATED STATEMENTS
AS AT MARCH 31, 2006
(AUDITED)
1. ACCOUNTING POLICIES
a) Principles of Consolidation
The accompanying consolidated financial statements include the
accounts of the Company and its wholly-owned subsidiaries.
c) Cash and Cash Equivalent
The Company considers highly liquid investments with maturities of
three months or less at the time of purchase to be cash equivalents.
d) Fixed Assets
Furniture, fixtures and equipment are recorded at cost less
accumulated depreciations which is provided on the straight-line
basis over the estimated useful lives of the assets which range
between three and seven years. Expenditures for maintenance and
repairs are expensed as incurred.
Income Taxes
The Company accounts for income taxes in accordance with the
"liability method" of accounting for income taxes. Accordingly,
deferred tax assets and liabilities are determined based on the
difference between the financial statement and tax bases of assets
and liabilities, using the enacted tax rates in effect for the year
in which the differences are expected to reverse. Current income
taxes are based on the respective periods' taxable income for
federal, state and foreign income tax reporting purposes. As at
March 31, 2006 these amounts were $3,051,544.
f) Earnings Per Share
Earnings per common share is computed pursuant to SFAS No. 128
"Earnings Per Share". Basic earnings per share is computed as net
income (loss) available to common shareholders divided by the
weighted average number of common shares outstanding for the period.
Diluted earnings per share reflects the potential dilution that
could occur from common shares issuable through stock options,
warrants and convertible preferred stock.
g) Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles in the United States of America
requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those
estimates.
NORTH - WEST OIL GROUP INC.
NOTES FOR INTERIM CONSOLIDATED STATEMENTS
AS AT MARCH 31, 2006
(AUDITED)
h) Fair Value Disclosure at March 31, 2006
The carrying value of accounts receivable, inventory and accounts
payable are a reasonable estimate of their fair value.
i) Effect of New Accounting Standards
The Company does not believe that any recently issued accounting
standards, not yet adopted by the Company, will have a material
impact on its financial position and results of operations when
adopted.
During June 2001, SFAS No. 141, "Business Combinations" was issued.
This standard addresses financial accounting and reporting for
business combinations. All business combinations within the scope of
SFAS 141 are to be accounted for using one method -the purchase
method. Use of the pooling-of-interests methods is prohibited. The
provisions of SFAS141 apply to all business combinations initiated
after March 31, 2006.
During June 2001, SFAS No. 142, "Goodwill" and Other Intangible
Assets" was issued. This standard addresses how intangible assets
that are acquired individually or with a group of other assets (but
not those acquired in a business combination) should be
i) Effect of New Accounting Standards - Cont'd
accounted for in financial statements upon their acquisition. SFAS
142 also addresses how goodwill and other intangible assets should
be accounted for after they have been initially recognized in the
financial statements. The provision of SFAS 142 is effective for
fiscal years beginning after December 15, 2001.
2. PROVISION FOR INCOME TAX
Income taxes are provided for the tax effects of transactions
reported in the financial statements and consist of taxes currently
due plus deferred taxes related to differences between the financial
statement and income tax bases of assets and liabilities for
financial statement and income tax reporting purposes. Deferred tax
assets and liabilities represent the future tax return consequences
of these temporary differences, which will either be taxable or
deductible in the year when the assets or liabilities are recovered
or settled.
This was always my favorite chart graph
Beautiful, I love this charts. Go Nwog Go