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hello Sir,
regarding recalculation of ROCE i do not understand why deferred tax provision and deferred tax asset both are added to capital employed ?
thank youHi Aishaasad
I realize that I owe you 3 answers but I’m having difficulties – away from home with just an iPad and therefore difficulties getting a proper view of the questions that you are asking about.
Am home on Saturday (late) so should be able to catch up maybe Sunday or Monday.
Until then may I ask you to be patient and I’ll get back to you next week?
HI Sir,
Thankyou for reply and for sure i will be waiting for your response to my queries .Hi (again!)
The DT liability would have been 2.7 but after the taxman has allowed us to revalue, the DT asset is 4.5
This is not adding both dt asset and dt liability to the profit figure. The adjustment has the affect of reducing the 2.7 dt liability to zero and creating a dt asset of 4.5
Hence the net movement of 7.2 added to the profit figure
OK?
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