英語翻譯
Deferred tax assets and liabilities reflect the effects of tax losses and the future income tax effects of temporary differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.During fiscal year 2005 and 2004,the Company made an adjustment of $115,000 and $974,000,respectively,to the deferred tax assets primarily to adjust cumulative temporary balances and the net operating loss carryforwards.This adjustment had no effect on the income statement as the valuation allowance was adjusted by the same amount.