Thank you for answering this! I had forgotten about it 
If I understand you correctly, it is only the change in the value of the deferred tax that is recognized in the P&L, i.e. when the deferred tax liability was first recorded in the balance sheet as a long term/short term liability, there was no “deferred tax” P&L entry as such. Rather when it originally entered the balance sheet as a “deferred tax liability”, there was also an equivalent “tax/estimated tax” that was deducted from PBT. Now since more tax was deducted in the P&L then (maybe 2 quarters prior), it has to be reversed now since that much tax is actually not going to be paid.
Is that correct or is my understanding wrong? Not an accountant, so some of this is a bit hard for me to grasp.
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