Why Sony’s £4 billion loss isn’t the disaster it seems

[20happyballs]

logic56 said:

20happyballs said:

logic56 said:

Ji99saw said:

sales2099 said:
Leave it to the fanatics to make this news good news lol

^^ This lol, can't argue with logic lost money is lost money no matter the circumstances

even if they didn't do anything to obtain said money

I'm sure Sony can stomach it lol

They only obtained the asset ( or I'll say money because that's all you seem to understand), because they lost money in the first place. The government would have lessened their losses if Sony hadn't already racked up as much tax assets as they did. 

Here it is is simply.

Sony lost a lot of money. The government was gonna give them a tax break because they lost a lot of money. Sony lessened their calculated losses on this belief. But now the government will not give Sony a tax break. Sony now has to account for their whole loss.

the assest (money) was already on thier blance sheet dude. It wasn't about to be given to them and then wasn't. Don't know where you got that from

That is what happened actually. Tax credit is not tangible. It's not a real asset. Sony included it as an asset because they thought they'd be able to use it, but now the government told them they can't. It's like a receivable that cannot be claimed. Sony never really had it.