Kodiak co dec 09Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Kodiak co dec 09This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 18, 2018 at 9:20 pm #468428 sid18MemberTopics: 6Replies: 2☆Interest is already deducted from operating profit to calculate tax. Then why again interest is deducted from operating profit to find FIFE. August 19, 2018 at 10:35 am #468470 John MoffatKeymasterTopics: 57Replies: 54497☆☆☆☆☆They are two separate things.In the workings, tax is calculated as always on the after-tax profits.When arriving at the free cash flow to equity we subtract the tax as one cash flow, and subtract the interest as another cash flow.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In