Sony warns of massive $3.1 billion FY2011 loss (PSN outtage $171 million)

[M.U.G.E.N]

The OP and some of the article authors should take note of some of our posters, hats off to those who noted the differred tax situation.

http://accounting-financial-tax.com/2009/08/deferred-tax-asset-and-its-valuation-allowance-with-case-examples/

Sony's fine :)

 

Here is a better article

"The immediate cause was a Y360bn one-time tax charge, as Sony wrote-off deferred tax credits it had banked during the past two years of deficits. The credits have value only if Sony is confident it can earn taxable profits in Japan in the future – but it said that confidence had been eroded by the disaster."

http://www.ft.com/cms/s/2/bf4fd94a-8506-11e0-871e-00144feabdc0.html?ftcamp=rss#axzz1NBEGhjGZ