Hollivane has unused tax losses of 2,000,000; a deferred tax asset is recognised for only 1,200,000 of those losses. In addition, deductible temporary differences of 500,000 have given rise to no asset. What amount of unrecognised differences, losses and credits does Hollivane disclose in its note (no tax credits)?
- Unused tax losses
- 2,000,000
- Losses for which an asset is recognised
- 1,200,000
- Unrecognised deductible differences
- 500,000