20happyballs on 11 April 2012
You people don't understand. It is bad. Read this.
Well them having deferred tax assets in the first place means that they've been doing bad. A deferred tax asset is created when a company operates at a loss, meaning their taxable income is negative. So instead of them having to pay taxes, the government gives them tax credit. Deferred tax assets help companies somewhat recover even though they've suffered a horrible year. I don't know how you could lose deferred tax assets but all I know is that Sony went from doing bad to doing really bad. It is still a 4 billion dollar loss. The good news however, is that this is just a one time loss. Not a plunge in Sony's sales.
