For example, replacement of manufacturing equipment or furniture in the normal course of business should not destroy an NOL
even though this might result in the assets five years after the merger being different from the assets at the time of the merger.
Mohammad Al Khayyat, director of the RTA's Automated Fare Collection Systems, said: "Rewarding members of the nol
Plus Programme is a true manifestation of RTA's care for customers and its keenness to maximise their satisfaction and happiness through associating the use of nol
cards with diverse services that go beyond the payment of fares.
This initiative is an important step towards realising RTA's objective of bringing happiness to nol
card holders in Dubai by offering them diversified use of their cards.
For financial reporting purposes, a corporation recognizes a deferred tax asset on its balance sheet for the amount that existing NOL
carryovers may reduce future tax liabilities.
Under the TCJA, the NOL
deduction for a tax year is equal to the lesser of (1) the aggregate of the NOL
carryovers to such year, plus the NOL
carrybacks to such year, or (2) 80% of taxable income (determined without regard to the deduction) (Sec.
The Rights Plan is designed to protect the company's ability to use its valuable NOL
carryforwards and certain other valuable tax attributes.
He added that this initiative is an important step towards realising RTA's objectives making nol
card users in Dubai happy by utilising the card for various services.
card on smartphones (Android devices) in which the Public Transport Smart App is uploaded.
The Wall Street Journal reported earlier this month that CMA CGM was the preferred bidder for NOL
along with the value of the deal.
1, 2015, the carryback amount may not exceed 75 percent of the NOL
Quarterly revenue was almost flat, rising just 1 per cent year-on-year to 2.15 billion US dollars, NOL
said in a statement.