Alright, so deferred tax liabilities might sound super fancy, but here's the lowdown. It's kinda like when you owe your buddy money, but you're allowed to pay them back later thanks to some special rule. Well, Seplat Energy owes taxes, but either they don't have to pay right away, or they can pay less now and more later.

Let's say Seplat made $100 in profits this year, but due to specific accounting magic and rules (or, you know, tax norms), they might show they owe taxes on only $80 right now. That $20 difference isn't just disappearing into the air though, it's gonna come back around.

From what I've seen, this deferred tax stuff means Seplat gets a cash flow benefit now under certain conditions. But get this, it's growing, since the taxes they actually pay are less at the moment compared to what they might owe in the future. So it's like a bill that piles up over time until they settle it later on!

In my experience, it's crucial for companies like Seplat to manage this carefully, so they don't end up blindsided with a massive tax bill later. Keeping track is key!