Brady's listing of deferred tax assets and liabilities includes the following for operations in the tax jurisdictions of Bujumbura and nileboo tambura deferred tax asset of $21 million valuation allowance of $18 million deferred tax liability of $30 million nileboo deferred tax asset of $66 million deferred tax liability of $19 million brady files separate tax returns in tambura and nileboo Bradys balance sheet would include the following disclosure of deferred tax assets and liabilities.