Financial statements sample-NOTES-INCOME TAXES （所得税）

（Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial statement translation）

INCOME TAXES （所得税）
OCLC has a net deferred tax asset（递延所得税资产） of $12,500,000 for domestic operating loss carryforwards（营业亏损抵后）. The net deferred tax asset is fully offset by a valuation allowance（估价备抵） due to the uncertainty of recoverability（可复原性） of these items.

At June 30, 2007, domestic net operating loss carryforwards for income tax reporting purposes are approximately $36,736,900. The domestic carryforwards expire through the fiscal year 2026.